Far above the Arctic Circle, one of the longest-running controversies in U.S. oil drilling is about to reignite. Bouyed by Donald Trump’s election, Republicans are pushing to allow oil exploration Continue Reading
U.S. oil producers, optimistic that higher crude prices are here to stay, have issued 2017 budgets that call for dramatically greater spending to tap new wells. Preliminary capital-spending plans released Continue Reading
They call it “Permania”. The Permian Basin of western Texas and eastern New Mexico has become the hottest region in the US shale oil industry, for drilling, for production and Continue Reading
Two groups of Church of England advisers have cautiously endorsed fracking for shale gas in the United Kingdom provided it does not conflict with climate change policy and robust regulations Continue Reading
Ukraine is about to lose its precious gas-transit business as its state-run gas giant struggles to function as the puppet of multiple geopolitical players and agendas, and it’s not likely Continue Reading
No compatible source was found for this media. Nomura Middle East CEO: Oil Heading Toward $60 Oil resumed gains after the biggest drop in more than a week as industry Continue Reading
U.S. oil on Thursday moved away from one-week lows touched the session before, with investors turning their attention to upcoming government data on U.S. inventories. Sentiment in oil markets has Continue Reading
Crude Slides on U.S. Oil Supply Predictions Oil fell to a one-week low in New York after the head of the International Energy Agency predicted a rebound in U.S. production. Continue Reading
Oil and gas discoveries around the world dropped last year to their lowest since the 1940s after companies sharply cut back in their search for new resources amid falling oil Continue Reading
When OPEC and Russia meet this weekend to gauge progress on their oil-supply deal, they’ll be trying to dispel the shadow of previous unfulfilled promises. Oil prices rose 20 percent Continue Reading
