Crude futures rebounded in Asia, though sentiment remains bearish that the Organization of the Petroleum Exporting Countries will deliver an agreement later today on production cuts. An OPEC deal would Continue Reading
Oil rallied from a two-week low after Iraq said it’s ready to reduce production and OPEC ministers are unanimously in favor of a supply cut as ministers meet for a Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih, shown in Istanbul in October, will carry heavy influence… VIENNA—Iran and Iraq have softened their positions ahead of a crucial OPEC meeting on Wednesday, Continue Reading
Crude-oil futures fell Tuesday in Asia due to growing doubts that the world’s biggest oil producers would reach a deal to cut global output . All eyes are on the Continue Reading
No compatible source was found for this media. An OPEC deal to curtail oil production appeared in jeopardy as Iran said it won’t make cuts while Saudi Arabia insisted Tehran Continue Reading
An OPEC deal to curtail oil production appeared in jeopardy as Iran said it won’t make cuts while Saudi Arabia insisted Tehran must be willing to play a meaningful role Continue Reading
Oil prices dipped on Tuesday on doubts that producer cartel OPEC will be able to hammer out a meaningful output cut during a meeting on Wednesday aimed at reining in Continue Reading
Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal Continue Reading
Saudi King Salman (C) attends the inauguration ceremony of several energy projects in Ras Al Khair, Saudi Arabia, November 29, 2016. Saudi Press Agency/Handout via Saudi Arabia’s King Salman underlined 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. (The opinions expressed here are those Continue Reading
Saudi Arabia is one of the very few countries which has increased its drilling for new oil and gas wells since prices began to slump in the middle of 2014. Continue Reading
President Muhammadu Buhari says the sophistication involved in the bombings of oil and gas installations in the Niger Delta indicates that those behind it are not ordinary Nigerians, but professionals. Continue Reading
Canada will announce decisions on new pipelines on Tuesday that could clear Kinder Morgan Inc’s hotly contested plan to double the capacity of its Trans Mountain project but reject Enbridge Continue Reading
North Dakota’s governor ordered the expulsion of thousands of Native American and environmental activists camped on federal property near an oil pipeline project they are trying to halt, citing hazards Continue Reading
Two shale counties in Texas dominated the landscape, though crude oil production is holding relatively stable, data from the state show. The Railroad Commission of Texas, the state energy regulator, Continue Reading
U.S. pipeline exports of natural gas continued to grow in 2016, and they have doubled since 2009. Almost all of this growth is attributable to increasing exports to Mexico, which Continue Reading
Oil Field Texas Crude oil production in Texas averaged 2.38 million barrels per day (bpd) in September, compared to 2.42 million bpd for September last year, the Railroad Commission of Continue Reading
North Dakota law enforcement will begin to block supplies from reaching protesters at a camp near the construction site of an oil pipeline project in an effort to force demonstrators Continue Reading
In a corner of the prolific Bakken shale play in North Dakota, oil companies can now pump crude at a price almost as low as that enjoyed by OPEC giants Continue Reading
Donald Trump After the election of Donald Trump as President, one of the cornerstones of the modern global economic system is being questioned. Trump built his campaign on questioning the Continue Reading
Peak demand for oil is the big new thing . True, the International Energy Agency, in the annual World Energy Outlook it released earlier this month, didn’t envision a peak Continue Reading
The NYMEX December natural gas futures contract, in its final day of trading Monday, jumped 14.7 cents to settle at $3.232/MMBtu as increasingly supportive weather forecasts bolstered the market. The Continue Reading
Oil retreated below $47 in New York after OPEC officials failed Monday to work out a compromise on a deal to cut production and boost crude prices. Futures lost as Continue Reading
The oil market is pricing in a 30 percent chance of producers reaching a deal to cut output at OPEC’s meeting in Vienna, according to Goldman Sachs Group Inc. Global Continue Reading
With OPEC members heading toward a possible showdown this week at their meeting in Vienna, crude prices rallied Monday as traders bet that major oil producers can still reach an Continue Reading
OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among the producer group and non-OPEC member Russia, with top exporter Saudi Arabia saying Continue Reading
OPEC officials failed on Monday to bridge their differences on an agreement to cut production and revive oil prices, following comments from Saudi Arabia that output curbs aren’t essential. With Continue Reading
No compatible source was found for this media. Anyone planning to trade the outcome of this week’s OPEC meeting might consider the lessons of the group’s last production cut. Then Continue Reading
OPEC agreed in September to trim production to reduce a global oversupply of oil but… VIENNA—Iran and Russia have emerged as potentially deal-breaking obstacles to cuts in global oil production Continue Reading
Iran and Iraq are resisting pressure from Saudi Arabia to curtail oil production, making it hard for the Organization of the Petroleum Exporting Countries to reach a global output-limiting deal Continue Reading
Saudi Arabia hints it could walk away from Vienna oil talks Iran, Iraq judge Saudi Arabia could have to cut unilaterally For decades, Saudi Arabia has had its way at Continue Reading
Africa’s biggest sovereign wealth fund slumps after oil crash Oil minister Boutarfa shuttles between capitals to find deal Algerian Energy Minister Noureddine Boutarfa’s shuttle diplomacy between Tehran, Moscow and Vienna Continue Reading
State oil company Saudi Aramco aims to almost triple its chemicals production to 34 million metric tons per year by 2030, a senior company executive said on Monday. “In chemicals, Continue Reading
Iran is pulling ahead in the race for market share in the world’s fastest-growing oil consuming nation, India, weakening the hold of rival OPEC members amid the group’s struggle to Continue Reading
Azerbaijan can’t seem to turn the page on what’s been a year of currency jitters following its 50 percent devaluation in 2015. Dollars are again in short supply in Azerbaijan’s Continue Reading
An oil company in Iran said it signed an agreement with oilfield services company Schlumberger, which joins a growing list of companies establishing a footprint in post-sanctions Iran. File photo Continue Reading
Tens of thousands of civilians are fleeing intense fighting in the embattled rebel-held districts of Aleppo , as the forces of President Bashar al-Assad make advances into the Syrian opposition’s Continue Reading
Oil Rig Iran Just about everyone right now wants to know where President-elect Donald Trump stands on Iran, and what fate lies ahead for the nuclear deal and the easing Continue Reading
Iraq oil field Royal Dutch Shell is considering exiting its positions in Iraqi oil fields, according to industry sources cited by Reuters. Shell, which declined to comment, is the world’s Continue Reading
BEIRUT, Lebanon — With the Syrian government making large territorial gains in Aleppo on Monday, routing rebel fighters and sending thousands of people fleeing for their lives, President Bashar al-Assad Continue Reading
Residents of the Iraqi city of Mosul fought each other around trucks delivering humanitarian aid as they jostled for scant supplies on Monday, while government troops fighting to retake the Continue Reading
Public transport stayed off the streets, several squares and roads in Khartoum were deserted and many shops were shut in a mixed response to opposition calls for a nationwide strike Continue Reading
Nigerians who voted Muhammadu Buhari into office last spring thought he would spearhead efforts to deliver the overhaul he promised. In September they learnt that, 16 months into his presidency, Continue Reading
Chevron Corp. has joined forces with Petroleos Mexicanos and Japan’s Inpex Corp. to bid next week for the right to explore for oil and natural gas, the first time the Continue Reading
U.S. President-elect Donald Trump gestures from the front door at the main clubhouse at Trump National Golf Club in Bedminster, New Jersey, U.S., November 20, 2016. The Obama administration signed Continue Reading
China is preparing to roll back some job-security protections for workers to keep companies afloat as growth slows. Labor ministry officials have been consulting academics, lawyers and business representatives on Continue Reading
Mihama Plant Japan’s post-Fukushima nuclear future is again being questioned in the wake of regulatory authorities’ decision to extend the life of three reactors at two nuclear power plants despite Continue Reading
If Canada approves Kinder Morgan’s Trans Mountain pipeline expansion, the company’s four-year campaign for the project will be far from over. Next up is a battle against hardening opposition amongst Continue Reading
Two contractors talk on a natural gas drilling rig in Keene, Texas. In November—as well… The U.S. has become a net exporter of natural gas, further evidence of the how Continue Reading
EIA recently started collecting data on wind turbine manufacturers, turbine models, and other wind plant attributes in the Annual Electric Generator Report . As of the end of 2015, just Continue Reading
