Natural-gas futures plunged Thursday after a government report showed a smaller-than-expected withdrawal last week, fueling fears over the high-levels of gas storage. Futures for February delivery fell 5.7% to settle Continue Reading
Oil companies delayed making decisions on 68 major projects world-wide last year, accounting for some 27 billion barrels of oil and equivalent natural-gas volumes and bringing total 2015 deferred spending Continue Reading
Even as the biggest oil market meltdown since the financial crisis unfolded over the past few weeks, the real-world, physical market is showing few signs of panic or distress – Continue Reading
As oil prices dip to a 13-year low of around $30 per barrel, many of the world’s petro-states could see hundreds of billions dollars more shaved off their revenue streams Continue Reading
The 2016 decline in global exploration and production spending projection will mark the second time in the industry’s history for a consecutive year drop, Barclays says. There’s a new oil Continue Reading
In the middle of 2014, oil traded for more than $100 a barrel . Today, it is below $35. Traditionally, there would be numerous positives from low oil prices, but Continue Reading
Energy groups have shelved nearly $400bn of spending on new oil and gas projects since the crude price collapse, pushing back millions of barrels a day in future output from Continue Reading
Iran’s crude oil exports are on target to hit a nine-month high in January as buyers prepare for the lifting of sanctions against the Middle Eastern country within days. Iran Continue Reading
Ahead of the so-called Implementation Day, a U.S. federal report found only six foreign companies were working in the Iranian energy sector last year. White House spokesman Josh Earnest told Continue Reading
Saudi Arabia plans to create a new sovereign fund to manage part of its oil wealth and diversify its investments, and has asked investment banks and consultancies to submit proposals Continue Reading
