Geologist Arthur Berman explains why today’s low oil prices are not here to stay, something investors and consumers alike should be very aware of. The crazy-low prices we’re currently experiencing Continue Reading
The decline of the energy industry in the U.S. was swift in 2015 and for investors the losses were widespread. In addition, the pain spread to average Americans with an Continue Reading
Oil prices retreated to another 12-year low Friday as a stronger dollar and oversupply continue to weigh on the market. Oil has been locked into a prolonged collapse, with traders Continue Reading
The price of oil options is soaring amid increasing uncertainty about the outlook for prices and indicating a mismatch between strong demand from hedge funds and caution among option sellers. Continue Reading
Oil prices have slumped to 12-year lows , shocking even the most bearish forecasters. But back in February 2004, the last time the U.S. benchmark settled below $33.50 a barrel, Continue Reading
The Obama administration’s nuclear deal was intended to keep Iran from pursuing an atomic bomb, and raised hope in the West that Tehran would be nudged toward a more moderate Continue Reading
How Will Possible Saudi Aramco IPO Effect Markets? Saudi Arabian Oil Co. confirmed it’s considering an initial public offering, which could see the crude producer leapfrog Apple Inc. as the Continue Reading
Saudi Arabia’s potential sale of shares in its state-owned oil giant raises the question of just how valuable that publicly listed company would be, with estimates of market valuations ranging Continue Reading
Venezuela’s new economy minister , who has argued that inflation doesn’t exist “in real life,” said policies to be announced on Jan. 12 would seek to avoid sacrifices by ordinary Continue Reading
China has pulled hundreds of millions of people from poverty, supercharged its economy and burnished the pride of a nation that stood weak and isolated only decades ago. But swelling Continue Reading
U.S. coal production has fallen to its lowest level in nearly 30 years as cheaper sources of power and stricter environmental regulations reduce demand, according to preliminary government figures. A Continue Reading
Under threat from a TransCanada lawsuit, the U.S. government said it was confident the decision made on the Keystone XL oil pipeline was in line with the law. The pipeline Continue Reading
The U.S. government said it was providing technical support to California utility regulators working to stem a leak from a natural gas storage facility. California Gov. Jerry Brown this week Continue Reading
Oil field services company Baker Hughes said Friday the international rig count for December was down nearly 20 percent from 2014 levels. In its much-watched monthly report, Baker Hughes said Continue Reading
The federal Canadian government said it approved a 40-year export license for liquefied natural gas from a facility set for the shores of British Columbia. The National Energy Board gave Continue Reading
The number of U.S. oil-drilling rigs, viewed as a proxy for activity in the oil industry, has fallen sharply since oil prices began to fall . But it hasn’t fallen Continue Reading
Despite the United States adding 292,000 jobs in December, jobs in mining continued to decline – this month by 8,000. The majority of those job losses (5,500) were in support Continue Reading
Nineteen times this year, the concentration of nitrogen dioxide has exceeded the EU limit of 200 micrograms per cubic meter as an hourly mean. London failed annual European Union limits Continue Reading
I need to tell you of a very special talent I have. I have the very unusual and rare ability to find, to ferret out if you will, the blatantly Continue Reading
Oil was swept along by volatility in Chinese markets, rallying from a 12-year low as the country sought to quell losses in equities and stabilize its currency. Futures rose as Continue Reading
Oil prices rose modestly on Friday, still within reach of 11 and a half-year lows, boosted by a recovery in Chinese shares, but persistent global oversupply and a bleak demand Continue Reading
Oil prices plunged to levels not seen in more than a decade on Thursday, hammered by the continuing turmoil in China , the world’s second biggest oil consumer. China’s stock Continue Reading
Brent crude futures fell to a fresh 11-year low on Thursday as a sliding yuan and an emergency halt in China’s stock trading left Asian markets in a turmoil, while Continue Reading
Natural-gas futures soared Thursday after weekly inventory data showed that stockpiles fell more than expected last week. Natural-gas inventories shrank by 117 billion cubic feet in the week ended Jan. Continue Reading
NYMEX February natural gas futures settled 11.5 cents higher at $2.382/MMBtu Thursday following the report of a larger-than-expected storage withdrawal. US natural gas in storage dropped 113 Bcf to 3.643 Continue Reading
A car is filled with gasoline at a gas station pump in Carlsbad, California August 4, 2015. When U.S. investment bank Goldman Sachs said last year that oil could fall Continue Reading
Once a minority view, oil below $30 a barrel is increasingly being touted as the new home for a crude price being battered by troubles in China. Concerns over the Continue Reading
Financing for US independent oil companies slowed sharply last year, in a sign of growing financial pressure following the plunge in crude and natural gas prices. US exploration and production Continue Reading
The 10.6 million barrel jump in U.S. gasoline stocks last week, reported by the Energy Information Administration on Wednesday, sent gasoline futures tumbling 4 percent and intensified the selloff in Continue Reading
Legislation that could undermine the international nuclear deal with Iran clears a U.S. congressional panel, setting up a potential showdown over one of President Barack Obama’s signature foreign policy initiatives. Continue Reading
U.S. Secretary of State John Kerry said on Thursday the implementation of a nuclear deal agreed between Iran and six world powers was only days away, allowing tens of billions Continue Reading
Saudi Arabia is considering listing shares in state-owned Saudi Aramco, the largest oil producer, in a move that would be likely to create the most valuable listed company in the Continue Reading
Betting on Saudi Arabia: What If Aramco Is Sold Off? By any measure, Saudi Arabian Oil Co. is in a league of its own. Take its oil reserves — roughly Continue Reading
Saudi Arabia is considering selling shares in its state-owned oil company, a move that comes amid a broad privatization effort afoot in the kingdom, but also at a vulnerable time Continue Reading
A massive truck bomb exploded near a police base in the western Libyan town of Zliten on Thursday, killing at least 60 policemen and wounding around 200 others, officials said. Continue Reading
Shelling by so-called Islamic State (IS) on an oil terminal in Libya has started fires that have spread to giant storage tanks, officials say. The fires are reported to be Continue Reading
Chinese foreign exchange reserves fell $107.9 billion in December to $3.33 trillion, the steepest monthly decline on record, according to Chinese central bank data released Jan. 7, Bloomberg and Reuters Continue Reading
The battering that China’s currency and stock markets are taking is emblematic of the pessimism settling over many corners of the world’s second-largest economy. Businesses in the manufacturing heartland of Continue Reading
Global markets were in tumult on Thursday after attempts by Chinese authorities to support share prices and the currency raised fresh questions about their ability to manage a slowdown in Continue Reading
When President Xi Jinping of China convened a group of top officials to discuss the economy last month, the highly publicized meeting was seen as a moment of triumph. A Continue Reading
TransCanada said it filed legal action against the United States for the rejection of the Keystone XL oil pipeline, arguing it was protecting its investments. Oil company TransCanada announced it Continue Reading
Ahead of the expiration of a hostile takeover offer, Canadian Oil Sands Ltd. said it was in a strong position to endure the weak market alone. Canadian Oil Sands is Continue Reading
To the dismay of thousands of residents of Porter Ranch, Calif., whose lives have been upended by a huge natural-gas leak from a nearby well, the local utility says it Continue Reading
Although sales of electric and hybrid vehicles have struggled, automakers are charging ahead to bring new battery-powered vehicles to market. Several car companies have focused on electric vehicles at the Continue Reading
Ukrainian energy company Naftogaz said it filed an official complaint in Europe, arguing Russian gas pipeline expansion plans would limit competition. Russian energy company Gazprom in September signed a shareholder Continue Reading
The media is full with news that there is a global oil glut. It was parroted by the Australian public broadcaster ABC TV, using this (unsuitable) opportunity to take a Continue Reading
The NYMEX February natural gas futures contract settled at $2.267/MMBtu Wednesday, down 5.8 cents, as traders showed apprehension toward weather forecasts and storage withdrawal predictions. WSI in its six- to Continue Reading
Oil prices plunged to levels not seen in more than a decade on Thursday, hammered by the continuing turmoil in China , the world’s second biggest oil consumer. China’s stock Continue Reading
Risk U.S. oil futures in New York slid to the lowest in 12 years as turmoil in China’s markets pushes crude closer to $30 a barrel. West Texas Intermediate slid Continue Reading
Brent crude futures fell to a fresh 11-year low on Thursday as a sliding yuan and an emergency halt in China’s stock trading left Asian markets in a turmoil, while Continue Reading
