Oil Drillers Trapped in a High-Debt-No-Cash Vicious Circle
While OPEC and Russia are talking about freezing or even cutting crude oil production to restore the market balance – and pushing up prices in the process – rig drillers Continue Reading
The U.S. Is Set To Dominate Global Natural Gas Markets
The shale revolution has changed the U.S. natural gas production and trade dynamics forever. Domestic output and exports have been rising, to the point where the U.S. is poised to Continue Reading
Climate Change could Push Risk of ‘Megadrought’ to 99% in American Southwest
A megadrought spanning several decades could be almost certain to hit the American Southwest this century if greenhouse gas emissions are not curbed, a new study says. Rising temperatures will Continue Reading
Putin says Rosneft buy of Bashneft gives impetus to privatization
The Russian government’s sale of a controlling stake in mid-sized oil firm Bashneft to the country’s largest oil producer Rosneft should give momentum to Russia’s privatization drive, President Vladimir Putin Continue Reading
North Sea Decommissioning Demand Increasing
The demand for North Sea decommissioning is increasing, says Jee Ltd.’s Jonathan McGregor. The demand for decommissioning work in the North Sea is increasing, Jonathan McGregor, head of engineering at Continue Reading
Crude Edges Higher on Expectations of OPEC Production Cut
Crude oil prices edged higher Wednesday on continued hopes for supply action by the Organization of the Petroleum Exporting Countries, but growing global oil supplies have sown doubts about the Continue Reading
Oil edges up on record Indian imports, hopes of output caps
Oil prices edged up on Wednesday, supported by record Indian crude imports and talks between OPEC producers and other oil exporters on curbing output to end a glut in the Continue Reading
Oil Prices Fall After Data Showed September Supplies Rose
Oil prices pulled back Tuesday after the monthly report from the Paris-based International Energy Agency said global supplies rose in September. The December contract for global crude benchmark Brent was Continue Reading
Natural-Gas Prices Heat Up as Oil Drilling Cools Off
A long period of low oil prices has saved motorists money at the pump, but languishing crude prices could drive up heating bills. That is because the natural-gas supply is Continue Reading
IEA Pours Cold Water On Oil Price Rally
Permian oil rig Just as oil prices really started to pick up steam, the IEA had to spoil the party. The Paris-based energy agency said on Tuesday that the oil Continue Reading