Lower-for-longer market forecasts mean megaprojects on hold The era of megaprojects in Canada’s oil sands is probably over as crude is seen staying lower for longer, some of the biggest Continue Reading
A Wells Fargo bank logo is pictured on a building in North Miami, Florida March 19, 2016. When Cubic Energy Inc’s bankruptcy plan took effect on March 1, shareholders of Continue Reading
The first volumes of oil are flowing from a well at the Solan field in the North Sea, which should reach steady production rates yet this year, Premier Oil said. Continue Reading
A recent speech by the European Commission’s vice-president in charge of energy Maroš Šef?ovi? has added fuel to an ongoing debate about the second part of the Nord Stream gas Continue Reading
The world will begin to wean itself off its reliance on oil starting in about 20 more years. According to Bernstein analyst Neil Beveridge, the world will hit peak oil Continue Reading
The heads of the world’s largest oil trading houses sought to draw a line under nearly two years of falling prices on Tuesday as Brent crude rose to its Continue Reading
Oil prices rose to the highest level of the year Tuesday on increased expectations that major oil producers will agree to freeze output at a meeting coming on Sunday. The Continue Reading
Anticipation over a weekend meeting in Doha on a possible oil production freeze overshadowed a subdued IMF report, giving oil prices a lift early Tuesday. Russian Energy Minister Alexander Novak Continue Reading
The debate among the world’s biggest oil nations over whether to freeze production is beginning to be overtaken by a rapid slide in output around the world. On Tuesday, as Continue Reading
Natural-gas futures rose Tuesday on expectations of a drop in U.S. production. The natural-gas market is oversupplied as moderate weather has limited demand for the heating fuel this winter and Continue Reading
