A U.S. judge on Wednesday halted a plan to allow fracking on public lands in central California, saying a federal agency’s environmental plan should have taken a “hard look” at Continue Reading
Benchmark North Sea Brent crude oil spot prices averaged $46/barrel (b) in August, a $1/b increase from July. This was the fourth consecutive month in which Brent spot crude oil Continue Reading
An Apache worker at a drilling rig in the Permian Basin last year. The company… Apache Corp. APA 0.74 % says it has discovered the equivalent of at least two Continue Reading
Federal policies and positions on hydraulic fracturing have not changed in response to a weekend earthquake in Oklahoma, a White House spokesman said. The U.S. Geological Survey recorded a magnitude-3.5 tremor Continue Reading
House members move to hold offshore oil and gas auctions on the Internet. Photo by tartaruga1988/Shutterstock WASHINGTON, Sept. 7 (UPI) — Bipartisan leaders in the U.S. House of Representatives returned Continue Reading
EIA WTI, Brent 2016 oil price forecasts rise from August outlook The forecast drop in U.S. oil output just got a little less steep. The Energy Information Administration boosted its Continue Reading
Last fall, ExxonMobil executives hurried along the hushed, art-filled halls of the company’s Irving, Texas, headquarters, a 178-acre suburban complex some employees facetiously call “the Death Star,” to a series Continue Reading
Driller sees 75 trillion cubic feet gas, 3 billion oil barrels Alpine High field still faces infrastructure challenges Apache Corp. said it’s made an “immense” oil and natural-gas discovery in Continue Reading
An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, Continue Reading
OPEC oil After yesterday’s accord between Saudi Arabia and Russia ignited an effervescent oil rally, we have now seen these hopes fizzle out once more. As the ‘task force’ agreement Continue Reading
Oil prices were mixed Tuesday after a volatile session the day before triggered by hopes for a production freeze agreement from major producers. The November contract for global crude benchmark Continue Reading
Saudi minister says no need for production freeze right now Russia ready to join agreement, energy minister says Oil traded near $45 a barrel as talks between Russia and Saudi Continue Reading
Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein Continue Reading
Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on Continue Reading
Analysts skeptical that meaningful freeze deal can be reached Iran’s Rouhani says ‘vital’ to restore pre-sanctions output An international agreement to cap crude-oil output in a way that would restrict Continue Reading
Output accord probably won’t be reached at Algiers: Gunvor Iran moving closer to goal of pre-sanctions level production One of the world’s biggest commodities traders doubts oil producers will be Continue Reading
Oil supply and demand are rebalancing and the market may even have started drawing on the large overhang of crude and product stocks, top industry executives said during opening addresses Continue Reading
The oil market is still in a state of uncertainty — with a lot of major indicators (including crude prices) in rapid flux. And news this week shows that the Continue Reading
A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf July 25, 2005. Iran signalled on Tuesday it was prepared to work with Continue Reading
Rouhani Backs OPEC Efforts to Bring About Fair Crude Prices Iranian President met with OPEC chief in Tehran on Tuesday Iran’s President said he supports efforts by OPEC to stabilize Continue Reading
Abu Dhabi, home to 6 percent of the world’s oil reserves, plans to merge two of its largest sovereign investment funds to form an asset pool more than twice the Continue Reading
Australian energy company FAR Ltd. said it bet heavily on offshore Senegal, though revenue year-on-year was lower by more than 50 percent. FAR is focusing the bulk of its spending Continue Reading
The Federal Government yesterday dismissed a possible hike in the price of petroleum products. The Group Managing Director (GMD), National Petroleum Corporation (NNPC), Maikanti Kachalla Baru, after a closed-door meeting Continue Reading
A worker speaks as he loads coal on a truck at a depot near a coal mine from the state-owned Longmay Group on the outskirts of Jixi, in Heilongjiang province, Continue Reading
After taking a partial cash offer for assets in the region, Royal Dutch Shell said it started production at its deepest project yet in the Gulf of Mexico. Shell said Continue Reading
Under the deal, announced jointly by the companies, Spectra Energy shareholders will receive shares of Enbridge valued at around $40.33 each, or a premium of about 11.5%, based on the Continue Reading
Growth in the vast US services sector in August fell to the lowest level since early 2010, adding fuel to concerns sparked by an unexpected factory slowdown. The Institute for Continue Reading
California Independent System Operator (CAISO) as accessed through ABB Velocity Suite Note: Summer is defined as June, July, and August. The mix of energy sources used for power generation in Continue Reading
Dakota Protestors The fight over the fate of the 1,168-mile Dakota Access pipeline (DAPL) intensified on Saturday, when a clash between private security agents defending the construction site and Native Continue Reading
Operators need to be “bigger, faster, stronger”: analyst Year’s biggest pipeline deal follows rout in energy prices Is the North American pipeline sector about to be consumed by merger mania? Continue Reading
Driving trends and gasoline and diesel consumption are among the biggest factors propelling the price… Surging demand from drivers in the richest countries helped power a big rally in crude Continue Reading
Government to review thousands of contracts worth $69 billion Ministries could be merged or eliminated under plans Saudi Arabia is intensifying efforts to shrink the highest budget deficit among the Continue Reading
After stating its intention to move to northern waters, Norwegian energy company Statoil said it strengthened its grip on Barents Sea assets. The Norwegian energy company said it reached an Continue Reading
One of Russia’s two sovereign wealth funds had its biggest drop of the year in August, underlining the urgency of bringing the deficit under control as the budget gap remains Continue Reading
The following is a summary of our recent interview with Art Berman, which can be listened to in full on our site here or on iTunes here . There’s a Continue Reading
Saudi minister says no need for production freeze right now Russia ready to join agreement, energy minister says Oil traded near $45 a barrel as talks between Russia and Saudi Continue Reading
Crude prices extended gains on Tuesday, buoyed after top producers Russia and Saudi Arabia agreed to cooperate on stabilizing the oil market, but a lack of immediate action to rein Continue Reading
Saudi minister says no need for production freeze right now Russia ready to join agreement, energy minister says Oil traded near $45 a barrel as talks between Russia and Saudi Continue Reading
Crude prices inched down on Monday in Asia, paring 3 percent gains in the previous session amid worries over a global oil glut. London Brent crude for November delivery LCOc1 Continue Reading
Oil prices have continued to languish below $50 per barrel as a glut of crude oil and gasoline persist even as global demand continues to rise. The IEA still predicts Continue Reading
It’s difficult to be anything other than cynical about Saudi Arabia and Russia saying they will work together in global oil markets through a newly-announced joint taskforce. While Monday’s media Continue Reading
Saudi Arabia and Russia agreed on Monday to cooperate in world oil markets, saying they will not act immediately but could limit output in the future, sending prices higher on 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 and Russia agreed on Continue Reading
Never mind the drop in crude prices, huge spending cuts and thousands of job losses – the world’s top oil and gas companies are set to produce more than ever Continue Reading
The Kurdistan Regional Government’s (KRG) oil exports and revenues fell month-on-month again in August due to an attack on a key oil field, though a new political deal to split Continue Reading
As Olu of Warri dissociates Itsekiri from stakeholders’ meetings Senator OvieOmo-Agege, the Obarisi of Urhoboland, has appealed to militants in the Niger Delta region to stop further attacks on the Continue Reading
A war is brewing in the Niger Delta region after militants warned residents living near oil and gas facilities to vacate the area in order to ensure their own safety. Continue Reading
Oil storage China is bothering energy analysts and investors. It’s bothering them because it has been on a buying spree for crude in the last two years but nobody knows Continue Reading
The U.S. Geological Survey is examining whether the 5.6-magnitude earthquake that shook Oklahoma on Saturday and tied for the strongest temblor ever recorded in the state was triggered by the Continue Reading
Amazon Drone Investors in the transportation sector are facing a sea of change thanks to the rise of online commerce. A major part of that change is Amazon.com, and the Continue Reading
