A bedrock belief among oil forecasters has been that China’s voracious appetite for fossil fuels would stoke global energy demand for decades to come. That assumption now appears increasingly shaky. Continue Reading
China’s dependency on imported oil exceeded 60 percent for the first time in 2015 and is expected to rise further this year, according to an industry report released Tuesday. Actual Continue Reading
For the first new refinery in the U.S. in seven years, the idea was simple: Buy cheap oil from shale producers, then score a quick profit by selling it right Continue Reading
Steep declines in the North American market were in part behind the 9 percent decline in revenue, oil field services company Halliburton said. Halliburton, which provides services to the drilling Continue Reading
The number of rigs exploring for oil and natural gas in North Dakota is down roughly 20 percent from the start of the year, state data show. The North Dakota Continue Reading
Investment in Canada’s oil and gas industry is forecast to fall again this year as companies continue to respond to the fall in prices by cutting back on drilling and Continue Reading
Two tankers of US oil arrived in Europe last week, delivering the first cargoes allowed since Washington repealed a decades-old ban on exporting crude. With two more vessels now crossing Continue Reading
Main Global energy demand will increase 25% between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil forecasts in the 2016 edition of its annual The Outlook for Continue Reading
Russia’s ruble sank for a second day as crude oil fell below $30 per barrel, prompting Bank of America to suggest that interest rates could rise if the price of Continue Reading
« Siemens to acquire simulation software supplier CD-adapco for $970M | Main | Northwestern researchers discover crumpled graphene balls are a promising lubricant additive » At the Volkswagen Group’s New Continue Reading
