American crude production slipped to lowest since May 2014 Money managers cut bullish crude bets to lowest since March Not even a sharp decline in U.S. oil production can convince Continue Reading
The seizure of a key militant-held air base near the Iraqi city of Mosul moves Iraqi security forces closer to attempting to take it back from the Islamic State, and Continue Reading
Under black plumes from burning oil wells, Iraqi security forces advancing from the south retook an air base 65 kilometers south of Mosul Saturday, securing a key staging post for Continue Reading
The ground-breaking agreement to unify Libya’s two rival National Oil Companies (NOCs) last week in Ankara, Turkey, is good news for Libyan oil exports on the surface—but the reality is Continue Reading
Saudi Arabia’s energy minister said on Sunday the oil market was becoming more balanced and prices were stabilizing. Khalid al-Falih said Saudi Arabia, the world’s biggest oil exporter, would always Continue Reading
A gas flame is seen in the desert near the Khurais oilfield, about 160 km (99 miles) from Riyadh, Saudi Arabia June 23, 2008. Saudi Arabia, the world’s top crude Continue Reading
Gunfire rocked South Sudan’s capital for the fourth day as the deaths of hundreds of people in violence over the weekend raises the specter of the oil-producing African nation returning Continue Reading
The Niger Delta Avengers, NDA, weekend, said since President Muhammadu Buhari had decided to shun the demand for legitimate dialogue with militants and stakeholders on the Niger Delta question, it Continue Reading
This time last year, the mood in Nigeria was one of unbridled optimism. President Muhammadu Buhari had completed just over a month in office and the countrymen were hopeful, emboldened Continue Reading
China Utlilties Chinese state energy companies are huge by international standards. Their government wants them to ex-pand overseas and they seem indifferent to conventional standards of profitability. This makes them Continue Reading
U.S. gasoline stocks remain stubbornly high despite record demand from motorists, a situation that will probably force refiners to cut crude processing over the next few months and prioritize production Continue Reading
As the Canadian oil-sands hub of Fort McMurray, Alberta, battles to rebuild after wildfires that ripped through in May, the industry that made it a boomtown is contemplating the end Continue Reading
Few technological breakthroughs have had the social and economic impact of the automobile. It changed America’s geography, spawning suburbs, shopping malls and sprawl as far as the eye could see. Continue Reading
Roughnecks at work The rig count has rebounded from the lows seen in late May, a small indication that oil companies in the U.S. could begin drilling anew. Shale drilling Continue Reading
Oil markets rose on Friday, recovering some ground after a smaller-than-expected draw in U.S. crude inventories triggered a selloff the previous session, sending prices to two-month lows . According to Continue Reading
Crude prices bounced back on Friday from two-month lows hit in the previous session, but benchmark Brent was in line for its largest weekly decline since January as bearish economic Continue Reading
Shell Offshore rig Crude is lacking conviction to finish the week – being pushed and prodded around: caught in the undertow of rising equity markets, but being held in check Continue Reading
The levels of diesel, gasoline and heating oil in storage tanks in Europe this week are so high they are causing delivery backlogs and are casting doubt on whether demand Continue Reading
Two projects worth $45 billion announced this month show the world’s largest oil companies are regaining the confidence to make big investments, emboldened by rising crude prices and low costs Continue Reading
Satellite images provided to the Washington Post by Stratfor, a U.S. geospatial research firm, show tiny, makeshift refineries popping up in Mosul oil fields controlled by ISIL. With its refineries Continue Reading
Militants fired mortars on a Shiite shrine north of Baghdad late on Thursday, and in the confusion that followed, three suicide bombers in military uniforms infiltrated the compound and blew Continue Reading
Rystad Energy, a small Norwegian oil and gas data firm released a contentious study several days ago, which concluded the US held more recoverable oil reserves than both Saudi Arabia Continue Reading
Niger Delta militants have blown up another oil pipeline in the restive south of the country, a security official said on Friday. “Reports from the swamp area indicate that last Continue Reading
Nigerian oil militants say they have blown up a crude oil pipeline belonging to Italian oil company Agip in Bayelsa state. The Niger Delta Avengers made the claim on their Continue Reading
Militants launched a fresh round of attacks on oil pipelines in Nigeria’s southern Niger Delta energy hub belonging to Italy’s Eni and Aiteo, Nigerian security forces, Eni and a militant Continue Reading
Italian energy company Eni confirmed Friday that it was the target of sabotage in the Niger Delta, with a minor impact on its equity production. A group calling itself the Continue Reading
A view of the massive bolts that secure subsea oil wells. U.S. regulators and oil-field… General Electric Co. GE 0.25 % , oil drillers and U.S. regulators are scrambling to Continue Reading
Some independent analysts say the recently discovered helium gas in Lake Rukwa could be worth $3.5 billion. The analysts from Global Risk Insights, however, say the discovery of 54.2 billion Continue Reading
Angola must create objective conditions to live a new era in which there would be political, economic and social stability without relying on the oil industry, a sector which currently Continue Reading
Argentina’s court-ordered suspension of natural gas price hikes could slam consumers with faster inflation and higher taxes, a ruling-party leader warned Friday while also calling on the Supreme Court to Continue Reading
Geography, climate worsen haze across the Indo-Gangetic plain Cities such as New Delhi being left to battle to clean air The mega-city of New Delhi has tried everything from banning Continue Reading
Torrential rains and floods across the southern half of China have besieged cities and towns for days. Nearly 200 people had died by Friday in drownings, landslides and as buildings Continue Reading
Globally, the number of rigs actively exploring for or producing oil or natural gas is down from May, though U.S. activity is rebounding, Baker Hughes reports. The oilfield services company Continue Reading
Oil and gas producer Midstates Petroleum Corp. received a bankruptcy judge’s permission Thursday to begin polling creditors on its bankruptcy-exit plan, a plan based on a support agreement negotiated prior Continue Reading
The U.S. oil-rig count is typically viewed as a proxy for activity in the sector. After peaking at 1,609 in October 2014, low oil prices put a downward pressure on Continue Reading
The U.S. oil rig count rose by 10, while natural gas lost one rig, week-on-week, bringing the total rig count increase last week to 9, for 440 rigs in play, Continue Reading
(Reuters) – U.S. drillers this week added oil rigs for a fifth week in six, according to a closely followed report Friday, prompting analysts to predict the rig count has Continue Reading
Are we looking at vehicle electrification upside down? Why are we focusing on electrifying smaller vehicles like cars and delivery trucks when electrifying really big trucks makes the most economic Continue Reading
While Scotland is confident about the wealth left in the North Sea, it’s London that holds sway over the oil and gas sector, a Cabinet secretary said. “The Scottish government Continue Reading
Roger Baker is a transportation and energy reform advocate based in Austin, Texas. Long time member of ASPO, we actually met at one of the first ASPO conferences, the one Continue Reading
The creation of the consumer economy—a complex, interconnected system of institutions, goals, rewards, and punishments—was one of the great social projects of the twentieth century, when energy was cheaply abundant Continue Reading
Crude prices bounced back on Friday from two-month lows hit in the previous session, but benchmark Brent was in line for its largest weekly decline since January as bearish economic Continue Reading
Oil markets rose on Friday, recovering some ground after a smaller-than-expected draw in U.S. crude inventories triggered a selloff the previous session, sending prices to two-month lows . According to Continue Reading
U.S output fell 2.3%, stockpiles slide 7th week, EIA reports Stockpile decline was less than forecast, API report Oil trimmed its biggest weekly decline in five months as investors weighed Continue Reading
Crude-oil prices turned negative Thursday after U.S. data showed a smaller-than-expected decline in crude inventories last week. U.S. oil for August delivery recently fell 94 cents, or 2%, to $46.49 Continue Reading
Oil prices edged higher on Thursday for a second day, supported by a report of another fall in U.S. crude oil inventories and a weaker U.S. dollar, although a glut Continue Reading
Oil price volatility jumped to its highest level in more than four months on Thursday as U.S. crude plunged 5 percent, after data from the U.S. government showed inventories fell Continue Reading
Investments in the energy sector, including investments in a low-carbon future, are down because of lower oil prices, the International Energy Agency said. The price for Brent crude oil, the Continue Reading
In an industry where anything could happen, surprises—often unwelcomed—are hard to come by. Oil is exactly such an industry at the moment. No one is sure where oil is heading, Continue Reading
Iraqi-focused oil company Genel Energy said it lowered its outlook for production from one of its key assets in the Kurdish north of the country. Genel, which lists headquarters in Continue Reading
