Gulf of Mexico still essential for energy
The deep waters of the U.S. Gulf of Mexico continue to be one of the more prolific sources of oil and natural gas, the federal government said. “The Gulf of Continue Reading
Nuclear developers have big plans for pint-sized power plants in UK
A range of mini-nuclear power plants could help solve Britain’s looming power crunch, rather than the $24 billion Hinkley project snarled up in delays, companies developing the technology say. So-called Continue Reading
Is the Oil Industry Dying?
The ‘peak oi l’ controversy is staging a come-back as the industry confronts higher costs—and low prices Talking about “peak oil” can feel very last decade. In fact, the question Continue Reading
If peak oil arrives, investors will need to get smarter
Timing is everything when it comes to investing in commodities. ©AP It seems difficult to believe now but in 2014 oil was considered one of the safest bets around. The Continue Reading
Brent crude oil prices dip on prospect of record Saudi output
Oil prices dipped in early trading on Thursday as the prospect of record Saudi output weighed on markets and as traders cashed in on profits following an almost uninterrupted price Continue Reading
Oil Spikes After EIA Reports Significant Crude, Gasoline Draw
Oil field Oil prices began climbing shortly after the EIA published its weekly inventory report on Wednesday, which showed that crude oil inventories last week fell by 2.5 million barrels Continue Reading
Oil Prices Ticked Higher on Falling Stockpiles
Crude-oil prices ticker higher Wednesday after government data showed falling stockpiles at a time when many traders have feared a glut. The U.S. Energy Information Administration said Wednesday that crude Continue Reading
Oil prices fall on doubts that producers can agree output restraint
Oil prices fell away from 5-week highs early on Wednesday, as analysts doubted a successful outcome from producer talks to rein in ballooning oversupply. International Brent crude oil futures were Continue Reading
Will it matter? That’s the question to ask of any oil producers’ deal: Russell
Asking whether the world’s major crude oil-exporting countries can reach a deal to limit output is probably the wrong question. Asking whether it matters if they do is more relevant. Continue Reading
Oil on Brink of Bull Market Amid Saudi Stabilization Talk: Chart
Saudi Arabia’s helping oil back to the verge of a bull market. Brent is nearing a 20 percent increase from its previous low, the common definition of a bull run, Continue Reading