Citizen proposals didn’t get enough signatures, state says Synergy Resources jumped most in more than seven months Oil and natural gas explorers from Anadarko Petroleum Corp. to Synergy Resources Corp. Continue Reading
Addressing operational inefficiencies can not only save the oil and gas industry money, but reduce the environmental impact of fracking on air quality. Operational inefficiencies have been a major topic Continue Reading
When a barrel of crude oil hit $145 in July of 2008, no one predicted that 8 years later it would be trading at less than $50. T. Boone Pickens Continue Reading
When Governor Andrew Cuomo announced last year that hydraulic fracturing would be banned in the State of New York, he cited the lack of scientific data on public health effects. Continue Reading
Net income falls 17% to 244.9 billion rubles, beating estimate Producer books 152 billion-ruble currency-related gain Gazprom PJSC’s profit shank less than expected in the second quarter as a strengthening Continue Reading
Operators seeking to cut costs defer or cancel $50 billion in oil and gas project investment on the Norwegian Continental Shelf, Wood Mackenzie finds. Wood Mackenzie estimated a $50 billion Continue Reading
Oil prices were down Monday as worries over the U.S. raising interest rates as early as next month rippled through an already jittery market. The October contract of global benchmark Continue Reading
Oil declined amid doubts producers will agree on a deal to stabilize the market when suppliers meet next month for informal talks. Futures decreased as much as 1.8 percent in Continue Reading
Oil prices fell early on Monday as output from Iraq rose and as Iran said it would only cooperate in upcoming producer talks to freeze output if fellow exporters recognized Continue Reading
Speculators cut wagers on lower WTI crude prices by 41%: CFTC OPEC, other producers to meet in Algiers on Sept. 26-28 Oil investors are turning the car around. For a Continue Reading
Crude Oil pipeline 2016 has been a roller coaster year for the oil traders. Markets had a near 100 percent rise from February lows, followed by a drop of more Continue Reading
The Iraqi government is considering a plan to market its crude oil through Iran if talks between the State Oil Marketing Organization and the Kurdistan Regional Government (KRG) fall through, Continue Reading
A member of the leadership of Libya’s U.N.-backed government who is close to powerful rival factions in the east of the country has said he will end his boycott of Continue Reading
Members of Libyan forces allied with the UN-backed government fire a weapon towards Islamic State militants in neighbourhood Number One in central Sirte, Libya August 28, 2016. At least 34 Continue Reading
A rebel fighter carries a boy as civilians and rebels who were evacuated from the besieged Damascus suburb of Daraya, after an agreement reached on Thursday between rebels and Syria’s Continue Reading
OPEC output plans not conducive to freeze agreement: Dana CEO Iran sees need for other producers to limit supply: Mills Iran’s plan to keep boosting crude production until it regains Continue Reading
Turkish warplanes and artillery struck targets held by the Kurdish YPG militia in north Syria on Sunday, security sources said, as Turkey pressed on with a cross-border campaign launched last Continue Reading
Net income at China’s refining giant beats PetroChina, Cnooc Crude crash drags down Sinopec earnings as output slides China Petroleum & Chemical Corp., the refining giant known as Sinopec, outshined Continue Reading
The calm in China’s currency is making some investors uneasy. Twice in the past year, sudden drops in the value of the yuan have rattled global markets, sparking concerns that Continue Reading
China’s power generation companies will have to contend with massive closures of their smaller coal-fired power plants as government plans to shut excessive coal and steel capacity deprives the plants Continue Reading
There is little doubt that China’s surging exports of refined fuels have cut profit margins for Asia’s refiners, but the pain is unlikely to be shared equally across all the Continue Reading
An employee checks aluminium ingots for export at the Qingdao Port, Shandong province March 14, 2010. When Beijing ordered hundreds of industrial plants to close ahead of China’s first-ever G20 Continue Reading
China’s banks are set to be the biggest losers in the sweeping bailouts of the country’s steel and coal industries. Local governments hoping to save their steel mills and coal Continue Reading
From searching the globe in search of oil deals with intense geopolitical ramifications like Sudan, Niger, Iraq and Venezuela, to cutting a controversial multi-billion dollar oil deal in Canada’s oil Continue Reading
A glitch interrupted the first-ever U.S. livestream of an oil lease sale on Wednesday, and although it didn’t affect the bidding, this epic fail provided just the right metaphor to Continue Reading
In 2015, about one in every 150 cars sold in the U.S. had a plug and a battery. But mass adoption of electric vehicles is coming, and much sooner than Continue Reading
Ford is the latest major company to jump on the driverless vehicles bandwagon announcing that it intends to develop fully autonomous vehicles. That announcement is just the latest in the Continue Reading
Several dozen environmental groups are once again working together to stop a major oil pipeline, hoping to bring back the magic of the fight against the Keystone XL Pipeline. A Continue Reading
Wind power Solar power has been getting all of the proverbial sunlight for the last few years. Most of the focus and attention from environmentalists, regulators, and others has been Continue Reading
Hawkish Fed hints seen limiting yield-maximizing strategy Traders seek cues from crude with link strongest since May The ruble weakened for a second day as speculation the dollar will strengthen Continue Reading
Oil prices eked out a gain Friday but settled lower for the week after the U.S. Federal Reserve chairwoman left the door open for a sooner-than-later rate increase . U.S. Continue Reading
Saudi Arabia’s Khalid Al-Falih doesn’t advocate production cut Iran’s oil minister to attend producer talks in Algiers: Shana Oil traded near $47 a barrel as Saudi Arabia’s energy minister said Continue Reading
Oil prices dipped in early trading on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month. International benchmark Brent crude oil Continue Reading
We begin by taking a quick look at some of the critical figures and data in the energy markets this week, which show that oil prices have bounced up and Continue Reading
As financial markets are distracted once more by Federal Reserve Chair Janet Yellen, crude is not immune to this influence, making moves in response to the U.S. dollar’s gyrations (crude Continue Reading
Prompt WTI traded in a $48.40/$46.42 range through Thursday morning as bearish inputs included additional exports from Iraq following a completion of a deal between the Iraqi government and Kurds Continue Reading
There are signs of stability in offshore exploration and production, but it may be next year before any real indications surface, a London-managed driller said. Seadrill Ltd., a deep-water driller Continue Reading
Net revenue for members of the Organization of Petroleum Exporting Countries from oil dropped nearly 50 percent year-on-year, U.S. analysis found. Crude oil prices began their descent from $100 per Continue Reading
Oil exports from Iraq’s southern ports have averaged 3.205 million barrels per day (bpd) so far in August, exceeding the average level seen in July, two officials from state-run South Continue Reading
Iran’s oil minister said Friday he’ll go to an Algerian meeting where producers could move to stabilize prices, but kept his defense of market share. “Revival of Iran’s lost share Continue Reading
Iran’s revival as a crude-oil exporter appears to have stalled, seven months after Western sanctions over its nuclear program were lifted, casting uncertainty over the country’s willingness to cooperate with Continue Reading
In the past two weeks, Iran has rejoined the OPEC production freeze headline and jawboning fray, by making bold statements that it would be willing to work with OPEC on Continue Reading
Saudi-Yemen war Yemeni Shiite Houthi rebels have reportedly fired missiles targeting Saudi Aramco, allegedly damaging the oil giant’s facilities in southwestern Saudi Arabia on Friday, according to local Houthi-affiliated media Continue Reading
Yemen’s Saba said missile caused extensive damage at Aramco Saudi says projectile caused fire at a power relay facility Saudi Arabia’s state-run oil company said all of its oil, gas Continue Reading
Analysts and industry sources are skeptical that the peace agreement announced this week between the Colombian government and a rebel group with which it has been at war for a Continue Reading
Environmental and tribal groups protesting an oil pipeline from North Dakota said in a letter to the White House it poses a threat to their existence. Tribal groups are suing Continue Reading
Oil prices are mired in their worst slump in decades, but you wouldn’t know it in West Texas, where a land grab has energized an otherwise dormant market and sent Continue Reading
The US economy grew at a slightly slower rate than initially forecast in the second quarter, underscoring a weak performance in the first half of 2016. The economy expanded at Continue Reading
Oil rigs Friday’s Baker Hughes report heralded the end of eight straight weeks of U.S. oil rig gains, which boasted a net change of zero, hopefully subduing, even if just Continue Reading
The US Department of Transportation’s (DOT’s) National Highway Traffic Safety Administration (NHTSA) and Federal Motor Carrier Safety Administration (FMCSA) are proposing equipping heavy-duty vehicles with devices that limit their speeds Continue Reading
