In a brutally frank and painfully honest first quarter operational update, Halliburton president Jeff Miller poured freezing cold water all over the “oil is stabilizing, and everything is going to Continue Reading
A sign is seen at the entrance of the Exxonmobil Port Allen Lubricants Plant in Port Allen, Louisiana, November 6, 2015. Planned maintenance has begun on units at Exxon Mobil Continue Reading
Banks are trying to unload loans once thought to be the safest form of energy credit. Debt backed by oil and gas reserves are being offered at discounts as increased Continue Reading
On the edge of Belarus’ Chernobyl exclusion zone, down the road from the signs warning “Stop! Radiation,” a dairy farmer offers his visitors a glass of freshly drawn milk. Associated Continue Reading
Enter the Chernobyl zone, and you might expect the worst: Security guards at a checkpoint 19 miles away from the site of the world’s worst nuclear accident scan departing vehicles Continue Reading
An extensive new scientific analysis published in Wiley Interdisciplinary Reviews: Energy & Environment says that proved conventional oil reserves as detailed in industry sources are likely “overstated” by half. According Continue Reading
Oil kick-started its rally during a week many expected it to fall apart, the product of a clear change of heart among investors: The panic is gone. Oil made gains Continue Reading
We currently see limited near term risk of a move back into the mid $30s with peak daily inventory builds in the rearview mirror amidst accelerating non-OPEC supply declines while Continue Reading
Oil prices rose in Asian trade on Friday, setting crude futures on course for one of their biggest weekly gains this year, as sentiment has become more upbeat despite ongoing Continue Reading
The recent rally in commodity prices is not supported by fundamentals in the physical markets, Goldman Sachs said, adding that oil could see downside risks in the near term. “While Continue Reading
