As oil prices began recovering from 13-year lows early this year, U.S. shale producers ramped up their hedges against another slump on a scale unseen for at least a year, Continue Reading
The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world’s biggest exporting nations, according to a new study. Rystad Continue Reading
U.S. consumption revised lower while supply at seasonal high Money managers cut bullish crude bets to lowest since March American drivers’ seemingly insatiable thirst for gasoline is running into a Continue Reading
Royal Dutch Shell has asked Saudi Aramco for up to $2 billion as part of the breakup of their giant Motiva Enterprises refining joint venture in the United States, the Continue Reading
European ultracapacitor manufacturer Skeleton Technologies will join French firm Flying Whales’ program to build a 60-ton Large Capacity Airship (LCA60T, for the global transport market. Skeleton Technologies will join the Continue Reading
Siemens researchers have developed a new type of electric motor that, with a weight of just 50 kilograms, delivers a continuous output of about 260 kilowatts—five times more than comparable Continue Reading
Niger Delta Avengers claim five attacks in blow to cease-fire U.S. drillers bring back rigs as oil market seen stabilizing Brent crude traded near $50 a barrel as Nigerian militants Continue Reading
Surplus returning in July as outages moderate: Morgan Stanley Nigerian ceasefire risk to Goldman’s $50 oil forecast The oil market surplus that vanished last quarter, helping prices post the best Continue Reading
The energy minister of Saudi Arabia, the world’s largest oil exporter, and the secretary general of OPEC agree that the global oil market is heading toward a balance and that Continue Reading
Just two months after his appointment as Saudi Arabia’s oil minister, Khalid al-Falih last week visited China and South Korea, seeking ways to expand trade flows and explore investment prospects, Continue Reading
