Finance Ministry said to consider zero oil-export tax in 2018 Move would eliminate duty-free oil benefits for Belarus Vladimir Putin’s government is considering shifting the burden of oil taxes from Continue Reading
Last week, I gave a fairly wide-ranging presentation at the 2016 Biophysical Economics Conference called Complexity: The Connection Between Fossil Fuel EROI, Human Energy EROI, and Debt (pdf). In this Continue Reading
Futures little changed as stocks drop while gold, yen surge U.S. crude oil inventories forecast to slip seventh week Oil traded near a one-week low as investors fled to haven Continue Reading
Gold rallied to a more than two-year high and oil extended its losses on Wednesday, as renewed fears over the impact of Britain’s exit from the European Union prompted investors Continue Reading
Oil fell below $50 a barrel on Tuesday as concern about a potential slowdown in economic growth that would weigh on demand trumped supply outages in Nigeria and other exporting Continue Reading
The United States Oil Fund that tracks West Texas Intermediate oil prices attracted $59.9 million in June, the first inflow since February, as crude jumped to the highest level in Continue Reading
Oil prices fell Tuesday as concerns over the global economy led speculative investors to exit the market. The global benchmark, Brent, was trading down 0.25% at $48.97 a barrel in Continue Reading
There has been a lot of optimism returning to the energy markets of late as oil prices have climbed to the $50 a barrel region. Ironically, while a few years Continue Reading
“How much oil lies beneath the desert sands of Saudi Arabia and how long will it last before running out?” is a question that has intrigued and confounded oil experts Continue Reading
Just when big oil was preparing to sign the new Iranian Petroleum Contracts and start working the country’s vast fields, hardliners once again took the upper hand. On Monday, the Continue Reading
