Cheniere Readies First LNG Shipment, Facing Challenging Market
The first ship carrying natural gas from the Gulf Coast is expected to depart soon, marking the emergence of the U.S. as a major exporter and the globalization of the Continue Reading
North Dakota Oil Production Drops Amid Crude Price Slump
North Dakota said Wednesday crude-oil production in December fell 2.5% to the lowest level in more than a year, and the state’s top energy regulator said Bakken Shale output will Continue Reading
Oil flowing from British shale
A British energy company said Wednesday shale oil continued to flow naturally to the surface, a day after it declared high rates from its Horse Hill license. Light, sweet crude Continue Reading
Statoil cancels Maersk rig contract
Norwegian energy company Statoil said Wednesday it decided to cancel a rig contract with Maersk Drilling, transferring the terms to French supermajor Total. The Norwegian company said it decided to Continue Reading
Russia Sees Oil Output Slump in Worst Price Case Amid OPEC Talks
Russian oil production may slump 14 percent in the next five to ten years under a worst case scenario prepared by the Energy Ministry. Crude output may drop to 460 Continue Reading
Oil Rises in Volatile Trade
Oil prices rose in volatile trade on Wednesday, as investors looked for clues whether an agreement between major producers to support prices can hold. Later on Wednesday, Organization of the Continue Reading
Brent Crude Rises as Oil Producer Talks Shift to Tehran
Brent crude advanced as Iran and Iraq were set to meet and discuss backing a proposal by Saudi Arabia and Russia to freeze production at near-record levels amid a global Continue Reading
Oil Prices Rise Sharply as Saudis, Russia Talk Production
Crude-oil prices rose Tuesday as the Saudi Arabian and Russian energy ministers met in Qatar to discuss production, stoking speculation of a production cut or freeze . On the New Continue Reading
Oil edges down; weak China trade data drags
Brent and U.S. crude futures edged lower on Monday as the dollar regained ground and as weak Chinese trade data stoked concerns about demand in the world’s biggest energy consumer. Continue Reading
Saudis, Russia agree oil output freeze, talks with Iran to follow
Top global oil exporters including Russia and Saudi Arabia agreed on Tuesday to freeze output to tackle a global glut but said the deal was contingent on other producers, with Continue Reading