Is U.S. Shale Nearing Collapse?
Oil Rig Crude oil production in the United States has decreased by more than 10 percent since the record high of 2015, from 9.6 million barrels per day (mmbpd) to Continue Reading
U.S. motorists wasted billions on premium gasoline last year: AAA
U.S. consumers wasted billions of dollars last year filling their cars with costly premium-grade gasoline for no tangible benefit, according to a study by the country’s leading motorist advocacy group. Continue Reading
Pipeline Break Lights a Fire Under Gasoline Prices Across Southeast
Supply is crimped… Gasoline prices have surged across the Southeast, as the partial closure of a major pipeline has left some gas stations scrambling for fuel and many drivers stuck Continue Reading
Frack Sand: The Unsung Hero Of The OPEC Oil War
Fracking operations The late-2014, Saudi-initiated oil-price war may have taken the ‘boom’ out of the US shale industry as it seriously threatened OPEC market share, but Saudi victory has been Continue Reading
Oil Investment Crash Could Continue For Another Year
Offshore Oil Rig Investment in upstream operations in the oil and gas industry shrank by a quarter last year and is expected to continue shrinking this year by another 24 Continue Reading
Oil Prices Rise on Libya Unrest
Oil prices edged higher Monday after fighting engulfed Libya’s key Eastern crude-oil ports over the weekend. Brent crude for November delivery rose 1.14% to $46.28 a barrel on London’s ICE Continue Reading
Oil up as Venezuela sees output deal, Libya suffers clashes
Oil prices rose in Asian trade on Monday after Venezuela said that OPEC and non-OPEC countries were close to reaching an output stabilizing deal and as clashes in Libya raised Continue Reading
Oil Investors Flee as OPEC Freeze Hopes Face Supply Reality
Speculators cut bets on both lower and higher WTI prices: CFTC OPEC, other crude exporters to meet in Algiers on Sept. 27 Oil speculators headed for the sidelines as OPEC Continue Reading
Can OPEC Remain the Ultimate Energy Superpower?
The 2016 OPEC (Organization of the Petroleum Exporting Countries) meeting in Algiers later this month has received undue importance from market analysts hoping that Kingdom of Saudi Arabia and non-OPEC Continue Reading
Iran supports any move to stabilize oil market: Rouhani
Iranian flags are seen at a petrol station in Tehran, Iran, January 25, 2016. Iran’s President Hassan Rouhani said Tehran supports any move to stabilize the global oil market and Continue Reading