U.S. gasoline prices hold steady
Retail gasoline prices in the United States remain relatively stable as markets tilt toward balance, though motor club AAA said that could end come summer. AAA reports a national average Continue Reading
North Dakota loses two rigs
The number of rigs operating in North Dakota was down two from the previous week and nearly 70 percent below this time last year, state data show. North Dakota state Continue Reading
Chaparral Energy Files for Bankruptcy Protection
Oil and gas company Chaparral Energy Inc. filed for chapter 11 bankruptcy protection Monday, the latest victim of low oil prices that continue to devastate the industry. The Oklahoma City-based Continue Reading
Canada’s Oil Output Spared Fire Damage Seen Able to Rebound
Canada oil-sands producers including Suncor Energy Inc. could resume production within a week after the threat subsides from wildfires that cut as much as 40 percent of the region’s output. Continue Reading
Russian oil chief Sechin: OPEC unity effectively extinct
OPEC is effectively extinct as a united organization and the time when it could determine global oil market conditions should be forgotten, Igor Sechin, head of Russia’s biggest oil firm Continue Reading
Russian Oil Executives Not Optimistic About Oil Prices
In late April, Russia was left standing at the alter in Doha, as Saudi Arabia walked away from a production freeze deal, leading the negotiations to collapse with no result. Continue Reading
New Record Set for World’s Cheapest Solar Power
10 years ago making solar power cheaper than coal seemed like a very long term goal. Now it is reality. I wonder if the dudes at Google who gave up Continue Reading
Oil Prices Jump on Strong China Crude Imports
Crude-oil prices climbed in early Asian trade Monday as the market honed in on China’s strong crude imports last month, despite Saudi Arabia’s unexpected removal of its long-serving oil minister Continue Reading
WTI Oil Flirts With Premium to Brent as Canada Fires Cut Supply
Oil in New York erased its discount to international prices amid speculation reduced supply from Canada because of wildfires will accelerate the seasonal drop in U.S. crude stockpiles. West Texas Continue Reading
Oil up 2 percent as wildfires threaten Canada supply, Saudi moves eyed
Oil prices rose about 2 percent in early Asian trading on Monday as supply outages persisted over the weekend from Canada’s wildfires that have shut half the country’s vast oil Continue Reading