Willie White of Ezra Prentice Homes lifts a fist while marching amongst protesters from across the northeastern United States. (WNV / William Fowler) Thousands of protesters from across the Northeast Continue Reading
Peabody Energy won court approval for an $800 million financing package. Above, a front loader… Peabody Energy Corp. won final bankruptcy-court approval for an $800 million financing package after lenders Continue Reading
Amid the abandoned worker camps, idled drilling rigs and empty field-office parking lots of western North Dakota, a shale industry reshaped by the oil-price collapse is beginning to emerge. As Continue Reading
U.S. retail gasoline prices have been relatively stable against an increase in oil prices, but are likely set for a rally in the coming days, analysis finds. Motor club AAA Continue Reading
The highest oil price in six months is offering hope to the beleaguered energy industry, but it may be coming too late for some of Canada’s most indebted companies. On Continue Reading
After intense lobbying, Oklahoma’s oilmen scored a victory two years ago. State lawmakers voted to keep in place some of lowest taxes on oil and gas production in the United Continue Reading
LNG terminal Oil and natural gas producers cannot catch a break of late it seems. A few years after the onset of the natural gas glut, Europe is experiencing a Continue Reading
Call it a stealth overhaul. With none of the fanfare that greeted Saudi Arabia’s plan for the post-oil era, the Russian economy is quietly getting its biggest makeover under President Continue Reading
Connecting extreme weather events with climate change isn’t exactly a new thing. After Hurricane Sandy devastated parts of New York and New Jersey in 2012, Bloomberg published a front page Continue Reading
The unpleasant truth now and soon is that the ready supply of oil and gas which we almost always take for granted [the occasional price spike notwithstanding] is on its Continue Reading
Planet Earth is doomed with a fast growing global population and a limited amount of farmland to produce food for everyone. That means that we’re going to need to figure Continue Reading
Oil advanced to a seven-month high on forecasts U.S. crude stockpiles declined while supply losses in Canada and Nigeria whittled away the global excess. Futures climbed as much as 1.5 Continue Reading
Oil futures rose for a second straight session on Tuesday, with U.S. crude hitting a six-month high, as the market focused on supply disruptions that prompted long-time bear Goldman Sachs Continue Reading
Thirty-one years after Michael Jordan was named Rookie of the Year in the NBA, and supply outages are ensuring that a rally is a slam dunk for oil today. Here Continue Reading
Shell said last week that its exports of Nigerian crude oil were disrupted, adding to… Oil prices climbed Monday as Goldman Sachs GS 0.23 % said that the market is Continue Reading
U.S. bank Goldman Sachs, one of the most bearish forecasters on oil over the past year, on Monday raised its short-term price outlook as it said the market had flipped Continue Reading
Oil prices edged up in early trading on Monday as output falls in Nigeria and worries about political instability in Venezuela tightened the market, although rising OPEC output and a Continue Reading
Oil producers are taking advantage of the rebound in crude markets to lock in protection against another slump. They increased their bets on falling prices to the highest level in Continue Reading
A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term delivery Continue Reading
“The oil market has gone from nearing storage saturation to being in deficit much earlier than we expected,” Goldman Sachs analysts said in a research note published on Sunday. “The Continue Reading
We are beginning to see the first real signs of the global oil markets moving rapidly back into balance. OPEC, which produces approximately 40 percent of the world’s oil supply, Continue Reading
Data suggests that oil producers need prices in the $70-80 range to survive. That is unlikely in the next year or so. Without more timely price relief, the future looks Continue Reading
Nigeria’s Minister of State for Petroleum Emmanuel Kachikwu defended the government’s decision to increase the price of gasoline as averting an even larger fuel shortage and financial crisis, as the Continue Reading
The oil terminal of Marsa al-Hariga in Libya. Competing administrations of Libya’s state-run National Oil Corp. in the east and west of the divided country agreed to resume exports from Continue Reading
U.S. Secretary of State John Kerry backed providing weapons to Libya’s unity government to assist in the fight against Islamic State and other jihadist groups, a move endorsed at a Continue Reading
Norwegian energy company Statoil said Monday it signed an agreement with a Canadian exploration company to help explore the shale gas potential in Turkey. According to the terms of an Continue Reading
While strong when compared with other sovereign credit ratings, Saudi Arabia’s fiscal health remains under threat from low oil prices, Moody’s said. Moody’s Investors Service said the drop in crude Continue Reading
After 41 Years One of the great mysteries of the $13.4 trillion Treasuries market has been solved after more than 41 years. The Treasury Department on Monday released a breakdown Continue Reading
The latest in a string of asymmetric attacks around the capital, IS militants partially destroyed a propane filling station in Taji before Energy Police regained control. Iraqi firefighters try to Continue Reading
The Nigerian army has arrested several suspected members of a militant group called the “Niger Delta Avengers” (NDA), thought to be behind recent attacks on oil pipelines in the south. Continue Reading
By morning, three newborns were already dead. The day had begun with the usual hazards: chronic shortages of antibiotics, intravenous solutions, even food. Then a blackout swept over the city, Continue Reading
Oil and Natural Gas Corp’s (ONGC) wells are pictured in an oil field on the outskirts of the western city of Ahmedabad, India, March 16, 2016. “India is taking over Continue Reading
Venezuela has reached a deal with its main financier China to improve the conditions of an oil-for-loans deal, giving the OPEC member’s crisis-hit economy “oxygen” ahead of heavy debt payments, Continue Reading
Last Friday, President Maduro announced that he would extend the economic emergency powers decree (The same one that the National Assembly did not approve, but the Supreme Court said it Continue Reading
Asia’s refined product markets are being swamped by a wave of gasoline as a long-lasting crude oil glut spills into the one fuel market refiners had hoped would save them, Continue Reading
It would be like finding out Warren Buffett’s financial empire may have been, quite possibly, a sham. That’s what happened last year when China’s richest man — at least on Continue Reading
Low oil prices and spending cuts are cutting into China’s oil production, a little known source of output declines that are helping to balance the market. New data shows that Continue Reading
Production hiccups in West Africa coupled with an expected fall in Vietnam’s July exports come as a boon for regional crude suppliers, as these could trigger a recovery in price Continue Reading
U.S. shale oil production is expected to fall some 113,000 barrels per day in June, according to a U.S. government forecast released on Monday. Total output is expected to fall Continue Reading
As Hawaii pushes to meet its aggressive renewable energy goals, two companies have proposed offshore wind turbine projects for federal waters off Oahu. Their plan would use technology that floats Continue Reading
Goldman Sachs trading enough natural gas to become the seventh largest gas marketer in North America. Photo by Steve Oehlenschlager/Shutterstock Goldman Sachs is now buying and selling enough natural gas Continue Reading
Employees are on the ground in and around the Fort McMurray area of Alberta to start bringing oil sands operations online, companies said Monday. Canadian energy company Syncrude said its Continue Reading
At 27, the number of rigs actively exploring for or producing oil or natural gas in North Dakota is the lowest it’s been in more than a decade, state data Continue Reading
SandRidge joined the ranks of oil and gas drillers to file for bankruptcy in recent… SandRidge Energy Inc. SDOC -65.50 % became the latest victim of the prolonged downturn in Continue Reading
Chesapeake Energy CEO Doug Lawler received $1.56 million last year for exceeding production and reserve… If investors hoped the biggest oil bust in decades would change the way oil industry Continue Reading
Business operations will continue while Breitburn negotiates a restructuring of its balance sheet, continuing talks with creditors that began a month ago, Chief Executive Hal Washburn said in a release. Continue Reading
London-based Ensco Offshore Co. is laying off 350 workers, according to a WARN notice sent to the Texas Workforce Commission (TWC). The offshore driller is conducting the layoffs due to Continue Reading
U.S. shale oil output is expected to fall in June for the eighth consecutive month, according to a U.S. government forecast on Monday, as the squeeze from a two-year rout Continue Reading
Uncontrolled forest fires forced the evacuation of some 8,000 oil-sands workers late Monday, nearly two weeks after more than 80,000 other people fled blazes that destroyed part of a nearby Continue Reading
Oil advanced as Goldman Sachs Group Inc. said the market moved into a deficit earlier than expected and China’s refineries processed crude at record rates. Futures surged as much as Continue Reading
