Russian President Vladimir Putin this month made an emotional tribute to Christophe de Margerie, the former boss of France’s Total who was killed in an accident in 2014. At the Continue Reading
Oil prices fell early on Monday, weighed down by high supplies despite an OPEC-led initiative to cut production to tighten the market. Signs of faltering demand stoked weak sentiment, prompting Continue Reading
Rigs targeting crude in America climb for a 22nd straight week Demand to rise during third quarter, United Arab Emirates says Oil traded near $45 a barrel following a fourth Continue Reading
Three years after the price of crude began its rapid descent, the oil industry and investors are finally resigned to the idea of lower prices for longer, potentially ending a Continue Reading
The U.S. shale industry is in danger of killing of the very rally that it had hoped to take advantage of. Shale production is up more than 700,000 bpd since Continue Reading
The OPEC logo is seen outside their headquarters in Vienna, Austria May 24, 2017. The United Arab Emirates energy minister said on Saturday he saw no need for an extraordinary Continue Reading
File Photo – Saudi Energy Minister Khalid al-Falih attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. Saudi Energy Minister Khalid al-Falih said the Continue Reading
Saad al-Kaabi, chief executive of Qatar Petroleum, gestures during a news conference in Doha, Qatar, December 11, 2016. Qatar will not cut off gas to the United Arab Emirates despite Continue Reading
Iran expects to sign a long-delayed gas deal with French oil major Total ( TOTF.PA ) in the next few weeks, Iranian Oil Minister Bijan Zanganeh was quoted as saying Continue Reading
Libya—whose production has been hampered by civil unrest, political divides, and oil export terminals blockades over the past few years—is now targeting to further increase its oil output. Its most Continue Reading
SEOUL—South Korea, one of the world’s largest producers of nuclear electricity, is shifting away from the industry. President Moon Jae-in said Monday the country would scrap plans to build additional Continue Reading
In the boreal forests and on the remote prairies of Alberta, a handful of firms are running pilot projects they hope will end a two-decade drought in innovation and stem Continue Reading
Daniel Yergin says the boom in shale in concentrated areas like the Permian Basin, Texas and New Mexico is changing the global energy position of the U.S. “You go to Continue Reading
Canada’s Mordor, as environmentalists like to call the oil sands, is notorious for how “dirty” oil extraction is there. It’s also notorious for how expensive it is to extract. The Continue Reading
As Tesla prepares to jump into the electric truck market, Daimler is poised and ready to take on the competition. Daimler, the parent company of Mercedes-Benz, has been investing heavily Continue Reading
Russia’s largest oil producer Rosneft said on Sunday it had found an oilfield in the Laptev Sea in the eastern Arctic. “The result of the drilling at the Khatanga license Continue Reading
The fledgling production cut strategy of OPEC (Saudi Arabia) and non-OPEC (Russia and the FSU) shows that a new strategy is needed to counter the ongoing doubts in the markets. Continue Reading
After oil prices hit the lowest in seven months earlier this week, they were tentatively rising early on Friday, but were still on course to post the fourth consecutive week Continue Reading
Oil prices inched up Friday, but still fell hard for the week, holding near its lowest levels of the year because of the lingering glut. Light, sweet crude for July Continue Reading
U.S. supplies remain 100 million barrels above 5-year average Libya sees its output reaching 1 million b/d by end of July Oil headed for the longest run of weekly losses Continue Reading
Oil prices dipped early on Friday and were not far off six-months lows as an ongoing supply overhang weighed on markets despite an OPEC-led effort to cut production and prop Continue Reading
Crude oil prices recover some lost ground in early Friday trading, though bearish sentiments are starting to settle in, analysts say. File photo by Monika Graff/UPI June 16 (UPI) — Continue Reading
Oil prices recovered somewhat in Friday’s trading session as markets reacted stoically on another rise in the U.S. rig count. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click Continue Reading
$100 oil is but a “pipe dream,” according to a new investor note by Wells Fargo. “ $100 per barrel oil remains a pipe dream” due to “massive overproduction, ” Continue Reading
Outdated supertankers are becoming the storage units of choice for commodity traders looking to take maximum advantage of the new oil price crater, according to a new report by Reuters. Continue Reading
At her new exhibition in Doha, Qatari artist Maryam Al-Semaitt explained to guests the central message of her latest work: what happens when great wealth is taken for granted. That Continue Reading
Geopolitical risks, as well as U.S. economic and energy sector influences, could undercut growth for Persian Gulf countries, the World Bank said. A World Bank report on the economies for Continue Reading
A coalition of Niger Delta militant groups rose from a meeting in Port Harcourt, Rivers State yesterday ordering all northerners to quit the oil-rich region. The militants threatened to attack Continue Reading
ExxonMobil said on Friday that it had made a final investment decision to proceed with the first phase of development of the Liza field offshore Guyana, which is expected to Continue Reading
A flare stack of the refinery of Mexico’s national oil company Pemex is seen in Cadereyta, Mexico, December 20, 2016. Mexico is looking forward to its next round of offshore Continue Reading
The number of rigs drilling for oil in the U.S. rose by 6 to 747 in the past week, according to oil-field services company Baker Hughes Inc. The U.S. oil-rig Continue Reading
The number of active oil and gas rigs in the United States rose again this week by 6—making 22 weeks of gains, continuing the longest growth streak in oil and Continue Reading
One reason for the bearish narrative gripping the oil market of late has been that draws in US crude stocks have essentially come at the expense of the rest of Continue Reading
Cash, people and equipment are pouring into the prolific Permian shale basin in Texas as business booms in the largest U.S. oilfield. But one group of investors is heading the Continue Reading
Russia’s Central Bank cuts its key lending rate, saying there are mid-term risks present from lower-than expected crude oil prices. File photo by DyMax/Shutterstock June 16 (UPI) — Crude oil Continue Reading
In view of the current price movements and the oil market outlook, Russia’s central bank is keeping its oil price forecast for this year at US$50 per barrel, and still Continue Reading
Solar power, once so costly it only made economic sense in spaceships, is becoming cheap enough that it will push coal and even natural-gas plants out of business faster than Continue Reading
For Bruce Niemeyer, the Chevron Corp. executive overseeing the company’s $15 billion expansion here, one question looms above all: Will we make money? Big oil companies including Chevron, Exxon Mobil Continue Reading
U.S. supplies remain 100 million barrels above 5-year average Libya sees its output reaching 1 million b/d by end of July Oil headed for the longest run of weekly losses Continue Reading
Oil prices slipped again Thursday, guided lower for a second-straight session by an unexpected increase in gasoline stockpiles. Light, sweet crude for July settled down 27 cents, or 0.6%, at Continue Reading
Oil prices wallowed near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over OPEC’s ability to implement production cuts. Brent crude futures Continue Reading
The oil guru who predicted the market rout in 2014 said OPEC and its allies should have gone much further when they extended their supply deal last month. (Bloomberg) — Continue Reading
There’s no end in sight to slumping oil prices – good news for consumers but a dire development for major oil producers like Saudi Arabia and Russia. And now, rising Continue Reading
The Bab al-Mandan strait, which facilitates the transfer of 4 million barrels of oil to Middle Eastern markets everyday, has become increasingly contentious over the past few weeks as an Continue Reading
Iraq has been India’s largest supplier of crude oil for the last three months, shipping data from Bloomberg has revealed . This means that OPEC’s number-two has dethroned the cartel’s Continue Reading
While China is being applauded as the world’s leading market for battery electric and plug-in hybrid vehicle sales, automakers are becoming frustrated over how to actually carry out a profitable Continue Reading
In its recent 2018 budget, the Trump Administration included a huge energy announcement. While it went mostly under the radar, the budget included a proposal to sell half of the Continue Reading
Technological upheavals in the oil sector will make it possible for mini-producers to market crude profitably, creating new competition for bloated fossil fuel companies accustomed to benefitting from their largesse. Continue Reading
The clean energy revolution is unfolding even faster than previously thought, which will have massive ramifications not just for the solar and wind industry, but also for the fading fortunes Continue Reading
Russia’s largest natural gas producer Gazprom said on Thursday its gas exports to Europe and Turkey rose 13.2 percent year-on-year between January 1 and June 15. (Reporting by Maria Kiselyova; Continue Reading
