Almost half of new U.S. oil from fracking
Nearly half of the oil produced in the United States came as a result of hydraulic fracturing last year, the U.S. Department of Energy said. The department’s U.S. Energy Information Continue Reading
Obama Bars Atlantic Offshore Oil Drilling in Policy Reversal
An oil platform stands in deep water off the Brazilian coast. The Obama administration is reversing course on opening Atlantic waters to a new generation of oil and gas drilling, Continue Reading
Russia’s Gazprom says arbitration claims against Ukraine up to $31.76 billion
Russian gas giant Gazprom said on Tuesday its total claims in Stockholm arbitration against Ukraine’s energy firm Naftogaz have increased to $31.76 billion. The Kremlin-controlled company said the new claims Continue Reading
Ruble Weakens as Sub-$40 Oil Eclipses Syria Pullback Optimism
Russia’s ruble declined more than any other emerging-market currency as falling oil prices overshadowed optimism that relations with Europe and the U.S. will improve after President Vladimir Putin ordered some Continue Reading
Galp project breakeven price below $30 a barrel: CEO
Portuguese oil company Galp Energia has a project breakeven price below $30 a barrel, making it one of the lowest cost producers in the industry, its chief executive said on Continue Reading
Oil prices fall 2 percent as oversupply lingers, economic slowdown looms
Oil prices fell around 2 percent on Tuesday, extending losses from the previous session as concerns took hold that a six-week recovery may have petered out due to ongoing oversupply. Continue Reading
Crude oil slides back below $40 a barrel
Oil fell back below $40 a barrel on Monday after Iran said that it would increase output before joining talks on a production freeze and a pipeline carrying crude from Continue Reading
Oil Prices Fall Sharply on Oversupply Concerns
Oil prices fell sharply Monday after Iran said it wouldn’t abide by the terms of a production freeze sought by other nations, raising the prospect of a fresh new source Continue Reading
Oil prices fall as oversupply lingers, economic growth prospects darken
Oil prices fell on Monday, weighed down by global oversupply and slowing economic growth prospects, although the prospects of falling production lent crude some support. U.S. crude was trading at Continue Reading
Natural Gas Futures Settle Down
Natural-gas prices fell Monday, ending a string of six straight trading sessions, as revised forecasts left investors with a mixed picture for end-of-winter gas-fired heating demand. The market wavered between Continue Reading