Oil prices fell over 1 percent on Tuesday, with Goldman Sachs warning that August’s price rally had been overdone and that a proposed oil production freeze at current near-record levels Continue Reading
Oil refinery August 11, 2016 may be the point in this oil price cycle that will mark the start of a sustained increase in crude oil prices. That’s the date Continue Reading
It’s possible that OPEC is crying wolf with hints of an output freeze next month in Algiers; but it’s also possible that they are ramping up production to take the Continue Reading
OPEC’s secretary-general will visit members Iran and Qatar next month, just weeks before the group holds informal talks in Algeria, according to a person with direct knowledge of the matter. Continue Reading
Minister might not decide until day before meeting: spokesman Iran said to have confirmed attendance in letter to OPEC Iran says it still hasn’t decided whether it will attend informal Continue Reading
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran is sending positive signals that it may support joint Continue Reading
Wiping out two-day losses, oil spiked on Tuesday on vague speculation emanating from a Reuters report headlining “positive signals” from Iran that it could back an output freeze to counter Continue Reading
Oil prices rose Tuesday, erasing early losses, on indications that Iran might cooperate with other global exporters as they explore ways to keep oil prices from falling. Iran sent a Continue Reading
Iran is sending positive signals that it may support joint action to prop up the oil market, sources in OPEC and the oil industry said, potentially aiding efforts to revive Continue Reading
The Latest on the Syrian civil war (all times local): 10 p.m. The United Nations says it’s extremely concerned at the plight of more than 65,000 people who have fled Continue Reading
Iraq’s new Oil Minister Jabbar Al-Luaibi has asked the multinational corporations extracting oil on Iraqi lands to increase output, following a strong push by several other members of the Organization Continue Reading
Turkey mounted on Wednesday its largest military effort yet in the Syrian conflict, sending tanks, warplanes and special operations forces over the border in a United States-backed drive to capture Continue Reading
IS militants leave behind dozens of dead civilians, a trashed refinery complex, and a town choked by oil fires. Iraq security forces screen Qayarah residents displaced to a camp in Continue Reading
A general view shows a lake of oil at Al-Sheiba oil refinery in the southern Iraq city of Basra, in this January 26, 2016 file photo. Iraq’s prime minister said Continue Reading
Iraqi Prime Minister Haider Al-Abadi arrives to attend a joint news conference with Italian Prime Minister Matteo Renzi at the end of a meeting at Chigi Palace in Rome, Italy Continue Reading
Egypt plans to end fuel subsidies within three years and is aiming to increase fuel prices to 65 percent of their actual cost during the 2016/17 fiscal year, two government 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. (John Kemp is a Reuters market Continue Reading
Australian energy company FAR Ltd. says its reserve estimate for an oil field offshore Senegal keeps increasing. File Photo by A.J. Sisco/UPI MELBOURNE, Aug. 23 (UPI) — Further analysis of Continue Reading
Against the positive picture painted on possible rise in the price of crude oil at the international market above USD50 per barrel, Nigeria may be left out of reaping this Continue Reading
China’s biggest producer able to overcome first-quarter loss Total oil and gas output slipped 1.3% from second half of 2015 PetroChina Co., the country’s biggest oil and gas producer, posted Continue Reading
Reports first-ever half year loss at 7.74 billion yuan Total output slips more than 5% from second half of 2015 Cnooc Ltd. posted its first-ever half-year loss as crude’s plunge Continue Reading
China’s oil companies may use dividends to calm the fears of investors on the heels of the drop in energy prices. Noting the dip in the price of oil, Tian Continue Reading
The number of U.S. oil drilling rigs fell by 158 from early December to mid-March… The return of oil prices to about $50 a barrel presents a test for an Continue Reading
People visit a Tesla Model S car during the Auto China 2016 in Beijing, China, April 25, 2016. Electric car maker Tesla Motors Inc ( TSLA.O ) will launch a Continue Reading
The extraction from U.S. shale oil and gas fields is expected to continue increasing in the upcoming years, but will fall in the short-term, according to a report published on Continue Reading
Canada’s government to decide soon on pipeline expansion Prime minister has to balance native demands with growth needs In the rolling country of central British Columbia, Michael LeBourdais’s Whispering Pines Continue Reading
Some of the world’s largest energy companies are saddled with their highest debt levels ever as they struggle with low crude prices, raising worries about their ability to pay dividends Continue Reading
Roughly 35%… Like a lot of American cities, Milwaukee has a pothole problem. A majority of its major roads are in shoddy shape, federal data show, forcing drivers to weave Continue Reading
North Carolina surpassed states with more favorable solar resources to become the state with the second-highest amount of installed utility-scale solar photovoltaic (PV) capacity owned by independent power producers in Continue Reading
With sanctions pressures starting to fade, a representative from oil-rich Iran said the financial doors for cooperating with Russia were starting to open. Iranian and Russian interests have aligned in Continue Reading
Amid antitrust concerns from Poland, a new financing model for the expansion of a gas pipeline to Europe could emerge by year’s end, Russia’s Gazprom said. Russian natural gas company Continue Reading
The Arctic – a cold wasteland that has shattered the expansion dreams of many an oil company by proving to be too difficult and too expensive to tackle. And, of Continue Reading
Ukraine’s national energy company, said Russian company Gazprom has reduced the pressure in pipelines carrying its natural gas to markets in Europe for the second time in a month. “Naftogaz Continue Reading
Oil and gas companies operating in Norway, western Europe’s biggest producer, cut investment forecasts further for this year and next as they continue to weather a two-year long collapse in Continue Reading
Crude inventories probably shrank by 1 million barrels: survey Any OPEC freeze deal may prove ‘self-defeating’: Goldman Sachs Oil extended its biggest loss in three weeks before the release of Continue Reading
The recent oil rally is finally hitting the brakes, with prices retracing today on supply developments relating to Iraq and Nigeria, while vehement short-covering has brought financial positioning back from Continue Reading
Oil prices slipped Monday on a stronger dollar and expectations of increased production. U.S. crude for September delivery recently fell $1.33, or 2.7%, to $47.19 a barrel on the New Continue Reading
Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as Continue Reading
Deal would show cooperation from new Saudi energy minister Production cap may support prices, producer supply gains OPEC and some producers from outside the group may agree to freeze output Continue Reading
Ever since the February crash, when oil tumbled to 13 years lows, and when OPEC started releasing tactical headlines at key inflection points about an imminent oil production freeze (which Continue Reading
Based on projections in the U.S. Energy Information Administration’s Annual Energy Outlook 2016 (AEO2016), U.S. tight oil production is expected to reach 7.08 million barrels per day (b/d), and shale Continue Reading
Crude oil prices ended one of their longest streaks of gains in years as doubts over possible production action gained traction in early Monday trading. Crude oil prices broke through Continue Reading
A worker checks the valves at Al-Sheiba oil refinery in the southern Iraq city of Basra, January 26, 2016. Iraq wants to review contracts with oil companies to cut the Continue Reading
A week after allowing Russian planes to fly bombing runs into Syria from a base inside its borders, Iran reversed course on Monday and withdrew permission for the flights, complaining Continue Reading
The young boy burst into tears as police apprehended him after he was spotted nervously pacing up and down a street in the Iraqi city of Kirkuk. When they cut Continue Reading
Turkey, Russia, Iran A new strategic axis is forming in the Middle East, and this axis could play a transformative role in the region, upsetting the longstanding balance of power. Continue Reading
Iran has arrested several Iranians holding dual nationality in what has been seen as a new round of intimidation targeting people connected to foreign circles and businesses. Abbas Jafari Dolatabadi, Continue Reading
Iran said that Russian warplanes had stopped using an Iranian air base to bomb targets in Syria, a day after the Islamic regime accused Moscow of “showing off” by making Continue Reading
The top aid official at the United Nations gave a gloomy assessment of the Syria relief effort on Monday, saying no convoy deliveries had been made to besieged areas this Continue Reading
One week into his tenure, Jabbar Allibi has scrapped an austerity policy and notified oil companies they should draw up plans for increased crude production and gas capture. Workers operate Continue Reading
