The subdued seasonal shopping just one month before Norouz, the Iranian new year holiday, is adding to widespread gloom about a prolonged economic stagnation that has also dimmed public enthusiasm Continue Reading
When Iran’s oil minister, Bjian Zanganeh, took office in 2013, he laid out a grand vision for his country’s oil business after Western sanctions ended, proposing to double production to Continue Reading
The Islamic State’s branch in Libya is deepening its reach across a wide area of Africa, attracting new recruits from countries like Senegal that had been largely immune to the Continue Reading
Nigeria backed Saudi Arabia and Russia in freezing oil production while giving Iran and Iraq a way out to regain some of their lost market share due to sanctions and Continue Reading
Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in Continue Reading
Before China’s devaluation in August roiled global markets and spurred some of the hedge fund industry’s biggest names to bet against the yuan, a small cohort of researchers saw the Continue Reading
China’s diesel exports fell from a three-month high while imports surged as the government’s decision to halt fuel price cuts amid crude’s crash made domestic sales more attractive. The world’s Continue Reading
A state-run Chinese ship builder has warned investors about the possibility of a delisting from the domestic stock market after a local court opened bankruptcy proceedings for the company. The Continue Reading
The charging plug of an electric Volkswagen Passat car is pictured at charging station at a VW dealer in Berlin, Germany, February 2, 2016. U.S. authorities have asked the German Continue Reading
Saudi oil minister Ali al-Naimi will join top North American and European drillers in Houston this week to debate how long the oil bust could last and how geopolitics are Continue Reading
The US has been reviewing a growing number of foreign investments for national security reasons in recent years, with investments from China the leading targets for review, according to new Continue Reading
The Texas RRC Oil and Gas Production Data is out. There appeared to be no decline in December production and may have even been a slight increase. The Texas RRC Continue Reading
Within weeks, two low-profile legal disputes may determine whether an unprecedented wave of bankruptcies expected to hit U.S. oil and gas producers this year will imperil the $500 billion pipeline Continue Reading
The development speaks to the depth and power of a price crash that has intensified this year as crude continues to sell for around $30 a barrel. Finding new oil Continue Reading
The Sierra Club and the public interest law firm Public Justice have filed a federal lawsuit Tuesday against three energy companies engaged in hydraulic fracturing, aka fracking , in Oklahoma. Continue Reading
Though overshadowed by the war in Syria , fighting in eastern Ukraine has picked up sharply in recent weeks, residents along the front line, commanders and European monitors say. The Continue Reading
Humanity has struggled to survive through the millennia in terms of Nature’s tendency to balance population size with food supply. The same is true now, but population numbers have been Continue Reading
Oil prices fell 4 percent on Friday, with Brent down a third straight week, as record high U.S. crude stockpiles intensified worries that a plan to freeze world output will Continue Reading
Oil prices fell Friday as traders focused on the continued oversupply of crude and hopes faded for output cuts among major producers. Light, sweet crude for March delivery settled down Continue Reading
Oil prices made a sharp reversal in Friday trading as market fundamentals moved to overshadow short-term reactions to production freezes earlier this week. Oil prices dipped lower to start the Continue Reading
Natural-gas prices fell to a fresh two-month low Friday on expectations of continued mild demand. A warmer-than-average winter in the eastern half of the U.S. has limited demand for natural Continue Reading
Though its government said it’s struggling financially, Gulf Keystone Petroleum said it was still getting paid for oil exported from the Kurdish north of Iraq. Gulf Keystone Petroleum, which has Continue Reading
Turkish artillery fire from the border near Kilis toward northern Syria, in Kilis, Turkey on Monday. (Halit Onur Sandal/AP) BEIRUT — Russia and the United States appeared at odds Friday Continue Reading
American warplanes bombed a seaside town in Libya early Friday aiming to kill a militant commander linked to attacks on Western tourists. But the mission also highlighted the widening gap Continue Reading
U.S. warplanes carried out air strikes against Islamic State-linked militants in western Libya on Friday, killing as many as 40 people in an operation targeting a suspect linked to two Continue Reading
Rebels in Angola’s oil-rich Cabinda region said they’re resuming an armed campaign to gain independence for the enclave after the government failed to respond to its request for talks. The Continue Reading
Venezuela’s 1989 fuel price hike helped spark riots that left hundreds dead, traumatized the country and spooked future presidents from touching the world’s cheapest fuel. Yet the most significant rise Continue Reading
The deal struck between Saudi Arabia and Russia this week to cap oil output was the first meaningful response by producing countries to the collapse in crude prices. It was Continue Reading
Russia’s Rosneft OJSC agreed to pay $500 million to Petroleos de Venezuela SA to increase its stake in their Petromonagas crude-processing joint venture. The deal will increase Rosneft’s stake in Continue Reading
Venezuela’s state oil company Petroleos de Venezuela SA is said to be looking into leasing the Aruba refinery, where it would ship tar-like oil to be upgraded into higher value Continue Reading
China’s leaders moved to dispel perceptions of disarray in the management of the world’s second-largest economy, firing a top regulator and setting out specifics on how they intend to restructure Continue Reading
Exxon Mobil Corp. failed to replace all of the oil and natural gas it pumped last year with new discoveries and acquisitions for the first time in more than two Continue Reading
Whiting Petroleum Corp. is suspending plans to drill at 20 Bakken and Three Forks well sites as low oil prices continue to weigh heavily on the exploration and production company. Continue Reading
Enbridge Inc. is looking for ways to reduce its dependence on oil-sands growth as a prolonged crude price collapse casts doubts over the future of projects in Western Canada. The Continue Reading
Opening up more acreage in the Gulf of Mexico to potential oil and gas drillers could bring in more revenue to federal and state coffers, a regulator said. The U.S. Continue Reading
The U.S. oil-rig count fell by 26 to 413 in the latest week, according to Baker Hughes Inc., maintaining a recent clip of sharp declines. The number of U.S. oil-drilling Continue Reading
The latest drilling dive continued during the week ended Feb. 19, with the US rig count shedding 27 units to bring the current total to 514, Baker Hughes Inc. reported. Continue Reading
Saudi officials insist the kingdom’s oil production strategy is not aimed at putting U.S. shale producers out of business, a message that has been repeated to visiting U.S. policymakers. The Continue Reading
Activist investors brave enough to have ventured into the volatile energy sector are paying a heavy price for their courage, stuck with hefty paper losses and no near-term recovery in Continue Reading
2015 was a tough year for oil driller Schlumberger. Unless you were the CEO. CEO Paal Kibsgaard received total compensation worth $18.3 million in 2015, the company reported, down only Continue Reading
A wind farm here, along the River Trent, cranks out enough clean electricity to power as many as 57,000 homes. Monitored remotely, the windmills, 34 turbines each about 400 feet Continue Reading
A driver loads coal for sale onto a truck from a coal dump site at the Borodinsky opencast colliery near the Siberian town of Borodino, east of Krasnoyarsk, Russia October Continue Reading
Oil traded below $31 a barrel after U.S. crude stockpiles rose to the highest in more than eight decades as Saudi Arabia and Russia propose to freeze output amid a Continue Reading
Oil prices slid on Friday but are set for their first weekly increase this month as talk of a coordinated plan by producers to freeze output levels was tempered by Continue Reading
Energy companies are raising billions of dollars this year with new share offerings, tapping a receptive market despite last year’s poor stock performance and low oil prices. North American oil-and-gas Continue Reading
Trying to Predict Oil Prices Is a Fools Game: UBS The Saudis may go public , OPEC’s in disarray, the U.S. is suddenly a global exporter , and shale drillers Continue Reading
U.S. oil producers reeling from an 18-month price rout have cautiously begun hedging future production this week, fearing this may be their best chance yet to lock in a $45 Continue Reading
A move to freeze crude oil production at January levels still leaves room for production growth from Russia this year, the deputy energy minister said. As of January, Russian Deputy Continue Reading
A meeting of the international coordinating group charged with implementing a cease-fire in Syria was cancelled Friday, Russia’s foreign ministry said, delaying any reduction of hostilities and raising further questions Continue Reading
Iran’s Oil Minister Bijan Zanganeh attends an extraordinary ministerial meeting of the Gas Exporting Countries Forum (GECF) in Tehran November 21, 2015. Iran believes a global agreement to freeze oil Continue Reading
