While the economic implosion progresses this year, there will be considerable misdirection and disinformation as to the true nature of what is taking place. As I have outlined in the Continue Reading
After days of negotiations with Oklahoma regulators, an embattled oil producer has agreed to shut down several wells used to dispose of wastewater and that had been linked to earthquakes Continue Reading
North Dakota’s oil production has been flat for more than a year, but it hasn’t fallen despite the sharp drop in prices, illustrating the challenges of rebalancing the oil market. Continue Reading
New York and London oil futures markets are sending a dangerously misleading signal to the real world, according to a growing number of analysts and physical traders. The message: the Continue Reading
U.S. crude-oil stocks are expected to show an increase in data due Thursday from the Department of Energy, according to a survey of analysts by The Wall Street Journal. Estimates Continue Reading
The powerful American Petroleum Institute said the upstream energy sector was in decline and it was restrictive regulations that were to blame. API estimated the number of oil and natural Continue Reading
U.S. drivers continue to see gas prices drop, though the rate of declines are leveling off with prices only 18 cents less than this date last year, AAA said. Motor Continue Reading
A massive natural gas leak in southern California that has forced thousands of residents from their homes is giving momentum to the Obama administration’s plan to clamp down on methane Continue Reading
U.S. refineries along the East Coast and the Midwest are facing their first major test of the winter season since last year’s blistering cold set off a string of outages, Continue Reading
Last year looks like it was an unwelcome watershed for the embattled U.S. coal industry. Power companies in 2015 for the first time may have burned more natural gas than Continue Reading
Across oil fields from Texas to North Dakota fears are growing that crude’s plunge below $30 a barrel is more than just another market milestone and marks a countdown to Continue Reading
Daniel Yergin Oil is in free fall and Terry Clark couldn’t be happier. In mid-2014, when the crude price topped $100 a barrel, Clark made an offer to buy properties Continue Reading
There’s a durable sense of weakness in the oil economy and, while recovery is expected, it’s uncertain when, Royal Dutch Shell said Wednesday. Shell said it expects fourth quarter profits Continue Reading
The first oil tanker to sail from the US after restrictions were lifted on the country’s crude exports has arrived in Europe, a landmark moment for an industry battling a Continue Reading
The Estonian oil shale processing company VKG announced the dismissal of 500 employees on Friday, saying that the measure was the result of the low oil prices. The business daily Continue Reading
BP CEO Bob Dudley said on Thursday he expects downward pressure on oil prices in the next six months as Iran looks to quickly raise supply. “The first and second Continue Reading
Russia’s rouble fell more than 5 percent in the first two hours of trading on Thursday, to hit a new record low of Rbs85.97 to the dollar amid a global Continue Reading
Oil prices sank to a 12-year low, falling under $28 a barrel in early Asia trade Wednesday, as a glut continues to weigh on markets. On the New York Mercantile Continue Reading
Crude futures slumped again in Asian trade on Wednesday, with U.S. oil dropping more than 3 percent toward $27 a barrel and its lowest since 2003, on worries about global Continue Reading
Across oil fields from Texas to North Dakota fears are growing that crude’s plunge below $30 a barrel is more than just another market milestone and marks a countdown to Continue Reading
Oil markets gained on Tuesday, rallying as investors concluded that concern over new crude supplies from Iran had been overdone. On Monday, Brent fell to its lowest level in 12 Continue Reading
There is more storage space for crude around the world than anticipated, which will help prevent further sharp falls in the price but also weigh against significant price rises, analysts Continue Reading
Oil tankers sit anchored off the Fos-Lavera oil hub near Marseille, France, October 15, 2015. Picture taken on October 15, 2015. Unseasonably warm weather and rising supply will keep the Continue Reading
The International Energy Agency’s recasting of oil supply and demand point to volatility, inexact science of commodities. Developing countries’ growth is at its lowest rate in more than a decade. Continue Reading
The oil market “could drown in oversupply” as a rise in Iranian output offsets production cuts elsewhere, threatening a further price collapse, the world’s leading energy forecaster has said. In Continue Reading
Iran torpedoed oil prices over the weekend. The question is whether the market can turn around in time to avoid serious damage. Already hovering below the psychologically significant $30-a-barrel level Continue Reading
Iranian President Hassan Rouhnai said efforts to sideline his country from the global economy through lower crude oil prices have failed. File photo by Maryam Rahmanian/UPI TEHRAN, Jan. 19 (UPI) Continue Reading
The lifting of sanctions on Iran is likely to see Europe — and especially the Mediterranean — emerge as the primary destination for additional Iranian crude oil shipments, at least Continue Reading
Implementation day for the Joint Comprehensive Plan of Action (JCPOA) , an agreement among Iran, the P5+1 (the five permanent members of the United Nations Security Council and Germany), and Continue Reading
Iran ordered a sharp increase in oil output on Monday to take immediate advantage of the lifting of international sanctions, and some foreign firms raced to snap up deals as Continue Reading
Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up Continue Reading
Chinese President Xi Jinping ’s arrival here Tuesday kicked off a trip that puts his country at the center of a clash between Saudi Arabia and Iran over crude-oil sales, Continue Reading
Rival Libyan factions announced a unity government at talks backed by the United Nations, taking a tentative step to ease turmoil that has swept the country since a 2011 uprising Continue Reading
China’s government is highlighting the positive in its flagging economy, saying a transition from industry toward services is making headway. But the latest snapshot of economic performance suggests that shift Continue Reading
Markets around the world have been roiled this month by uncertainty about China’s economic growth and the ineffective reaction by local authorities to the turmoil. While traders have taken most Continue Reading
Walking around an abandoned furniture factory, Fang Minghua pointed out the workshops where several hundred employees once toiled, transforming sheets of raw wood into TV stands or wardrobes for the Continue Reading
China’s largest offshore oil company will cut output for the first time in more than a decade, prompting speculation the nation’s producers are succumbing to the global price war. Shares Continue Reading
Chesapeake Energy Corp. fell to the lowest since April 2000, making it the worst performing stock in the Standard & Poor’s 500 Index Tuesday, on investor concern that sinking oil Continue Reading
Why are the oil-rich countries of the Persian Gulf region announcing ambitious plans for renewable energy when the fossil fuels they produce are so cheap? It’s all about water. “Increasing Continue Reading
Sign up for quick access to a wealth of global business news, including: Iran storms back into glutted oil market with price at 13-year low Newspaper + Premium online Newspaper Continue Reading
North Dakota’s oil production has been flat for more than a year, but it hasn’t fallen despite the sharp drop in prices, illustrating the challenges of rebalancing the oil market. Continue Reading
Russia’s ruble slumped toward a record low as oil’s unabated retreat choked revenue of the world’s largest energy exporter at a time when the economy is caught in a recession. Continue Reading
Royal Dutch Shell Plc, which is buying BG Group Plc in the industry’s largest deal in a decade, expects fourth-quarter profit to drop at least 42 percent after the rout Continue Reading
Shell said on Wednesday that earnings excluding identified items came in at between $1.6 billion and $1.9 billion in the three months to end-December, down from $3.3 billion for the Continue Reading
Norway’s Statoil AS STO -0.34 % A said Tuesday it had almost halved the planned capital expenditure at the delayed Johan Castberg oil field in the Barents Sea to around Continue Reading
Oil markets gained on Tuesday, rallying as investors concluded that concern over new crude supplies from Iran had been overdone. On Monday, Brent fell to its lowest level in 12 Continue Reading
CFTC Hedge funds increased bearish oil wagers to a record as global equities fell and Iran was poised to add to the crude supply glut. Oil dropped below $30 a Continue Reading
Oil prices rose more than 3 percent on Tuesday as data showed Chinese oil demand likely hit a record high in 2015, but contracts remained below $30 a barrel as Continue Reading
Crude oil prices continued to slide Monday with the Brent global benchmark and its U.S. counterpart West Texas Intermediate firmly entrenched under $30 a barrel. Brent fell 1.28% to $28.54 Continue Reading
An end to sanctions on Iran has driven global crude futures to 12-year lows and brought sub-$20-a-barrel oil in sight, although for some producers that is already a painful reality. Continue Reading
