An expansion to a Russian gas pipeline running offshore to Germany makes sense given production declines in Europe, Russia’s president said. Russian natural gas company Gazprom is one of the Continue Reading
2018 was supposed to be a transformative year in Russia – presidential elections are looming, the Russian economy is expected to bust out of its current slump and the oil Continue Reading
In the world’s deepest gold mine , workers will venture 2.5 miles (4 km) below the Earth’s surface to extract from a 30-inch (0.8m) wide vein of gold-rich ore. While Continue Reading
Oil prices on Thursday recovered from losses chalked up the session before, but the market remains under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to Continue Reading
Crude is heading lower today after a solid build to crude inventories from the weekly EIA inventory report. As U.S. inventories climb to a new record high, crude is having Continue Reading
Brent oil dropped to the lowest in almost four months as surging U.S. crude inventories dim optimism that OPEC and its partners will curb output enough to rebalance the market. Continue Reading
Russia is likely to play along with what’s expected to be another six months of OPEC production cuts despite lackluster compliance, a new report finds. Members of the five-member committee Continue Reading
In a research note, Goldman Sachs has effectively demoted OPEC from a price setter to a mere inventory manager, with the cartel’s long-term control over international oil prices diminishing thanks Continue Reading
At the start of March, we showed a fascinating chart from Rystad Energy, demonstrating how dramatic the impact of technological efficiency on collapsing U.S. shale production costs has been: in Continue Reading
Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has Continue Reading
