Weatherford says it’s ready for anything
The top executive at oil services company Weatherford International said he was taking a constructive approach to what he said was a “violent downturn.” The company said in its February Continue Reading
For Eurozone Economy, It’s Back to the Future
By one measure, the economic crisis that has long ravaged Europe is finally over. On Friday, the European Union released data showing that the overall economy of the 19 countries Continue Reading
As Russians Struggle to Pay Bills, Debt Collectors Mimic the Mob
In March, for the first time since 2008, Russians spent over half their income on food, beverages and cigarettes, according to government statistics, and more people are resorting to borrowing Continue Reading
The Coming World of “Peak Oil Demand,” Not “Peak Oil”
In a Greater Middle East in which one country after another has been plunged into chaos and possible failed statehood , two rival nations, Iran and Saudi Arabia, have been Continue Reading
Peak Oil: Are We Not Better Than This? Pt 5
[T]he West’s energy security is assured to a degree that has not existed in the past. That’s good news for the American people and for the world, even if it Continue Reading
Oil’s Slump-to-Jump at 5-Month High Outpacing Forecasts: Chart
Guerrillas and Rebels Do for Oil Market What Producers Couldn’t Leftist guerrillas in Colombia, rebels in Libya and militants in Nigeria are succeeding where the world’s biggest oil producers failed, Continue Reading
Oil prices dip on looming OPEC production rise
Crude oil prices fell in early trading on Friday as a looming rise in Middle East output may drag on the stronger markets seen in April, although falling U.S. production Continue Reading
Natural Gas Retreats on Strong Supply
Natural gas prices fell further Thursday, retreating from the higher prices that came with a new June front-month as heavy supplies continue to weigh on the market. The U.S. Energy Continue Reading
Column: Rising oil prices throw lifeline to shale producers – Kemp
Brent prices for 2017 ended trading above $50 per barrel on Wednesday for the first time since mid-December following the largest and most sustained rally in prices since the oil Continue Reading
Unsold crude at sea raises warning flag to oil price bounce
Dozens of tankers with unsold crude have been amassing at sea in the past few weeks, vividly reminiscent of 2015 when a recovery in oil prices was scuppered by rising Continue Reading