Oil and Gas Drillers in the U.S. Ready to Party Like It’s 1859
A gusher on Spindletop Hill in Beaumont, Texas, on Jan. 10, 1901. U.S. rig count set to fall below historical low of 488 soon The energy business in the U.S. Continue Reading
Ex-Chesapeake CEO Aubrey McClendon Dead After Car Accident, Police Say
Aubrey McClendon was killed in a car crash in Oklahoma City Wednesday, police said. His death comes a day after he was charged with rigging bids for oil and natural Continue Reading
Russia confirms January oil production freeze proposal
The Kremlin confirmed the directors at Russia’s major oil companies agreed to a proposal to hold production levels static in an effort to stimulate the market. Russian President Vladimir Putin Continue Reading
Kremlin: work on oil output freeze must be continued with some big producers
Russia must continue work with some other leading oil producers on freezing their crude output at the level of January, tentatively agreed in Doha last month, in order to stabilize Continue Reading
Russia Thinks It Has Solved the Oil-Price Crisis
But it may just be more wishful thinking The world’s major oil exporting economies have been putting together an agreement to freeze oil production levels, and Russia’s energy minister is Continue Reading
The implications of peak energy
Our current society is one based on whim. Whatever we want can be had if we have the money. Not only can we have what we want any time we Continue Reading
Oil Prices Fall on Surge in U.S. Stockpiles
Oil prices fell on Wednesday, ending a recent rally after an industry group predicted larger-than-expected increase in U.S. crude stockpiles. The American Petroleum Institute reported late Tuesday that U.S. crude Continue Reading
Oil below $37 as U.S. inventory rise counters output freeze plan
Oil edged further below $37 a barrel on Wednesday as an industry report showing a rise in U.S. crude stockpiles to a new record countered support from producer efforts to Continue Reading
Oil Hits 2-Month High on Talk of Output Agreement
Oil markets rose to a two-month high Tuesday as traders focused on the possibility of an output agreement among large producers. Russia’s energy minister said Tuesday that a “critical mass” Continue Reading
Oil prices have bottomed out, but growth will not be sharp: IEA
Global oil prices appear to have bottomed out and are expected to rise through this year as investment cuts help to reduce a supply glut, a senior analyst at the Continue Reading