The pending sale of crude oil from strategic reserves in the United States should have no major impact on global markets, energy economists said. On Monday, the U.S. Energy Department Continue Reading
The U.S. Energy Information Administration expects U.S. crude oil production in 2018 to rise by 300,000 barrels per day (bpd) year-on-year, according to its monthly short term energy outlook released Continue Reading
Volkswagen said on Tuesday it was in advanced talks to pay $4.3bn in penalties and plead guilty to criminal charges to settle with the US Department of Justice over the Continue Reading
The last two months of 2016 are based on planned reported additions and are subject to change. Once final data are in, EIA expects 24 gigawatts (GW) of new generating Continue Reading
President Obama’s onslaught of 11th hour rules and regulations to stifle oil and gas will be vulnerable to a motivated Congress’ retribution and incoming Trump Administration, experts say. Despite presiding Continue Reading
Debt-laden energy companies that still don’t have a financial escape plan in place are running out of time and willing lenders even after oil doubled from its February lows. Crude Continue Reading
U.S. President-Elect Donald Trump’s cabinet will have strong ties to the oil industry if nominees such as Rex Tillerson and Scott Pruitt are confirmed by Congress. As the former chief Continue Reading
The exploration and production business has been bearing the brunt of slashed investment and reduced budgets in the wake of the oil price crash. Yet, another industry dependent on E&P Continue Reading
Rising rig counts and an uptick in drilling activity is leading to a rebound in employment in the oil and gas industry, according to recent data. Payrolls in the oil Continue Reading
It has defeated armies trying to invade Russia in the past, and now the fabled Russian winter has come to Moscow’s rescue again, this time helping it comply with a Continue Reading
