Russia and Saudi Arabia are hammering out the terms of a deal to jointly increase oil production—a move that could cool crude markets and extend, at least for now, a Continue Reading
Saudi Arabia is most likely to hold the initial public offering (IPO) of oil giant Aramco in 2019, Energy Minister Khalid al-Falih said on Friday, confirming a delay from the Continue Reading
Iran has threatened to withdraw from the international nuclear non-proliferation treaty and demanded that Europe come up with an “economic package” to compensate for Washington’s decision to pull out of Continue Reading
AFP reports that during his inauguration speech, Maduro said he will seek the help of OPEC to double Venezuela’s oil production, which is currently at 70-year lows and much below Continue Reading
With the oil price heading for the US$80 on the first day of the Africa E&P Summit, which opened today in London, ambitious operators are seeing multiple opportunities and seeking Continue Reading
U.S. energy companies added the most oil rigs in both a week and a month since February as drillers continued to return to the well pad with crude prices at Continue Reading
Shale natural gas serves as a bridge to a low-carbon economy, but it’s still a fossil fuel that could contribute to climate risks, a U.N. report round. The U.S. Energy Continue Reading
While offshore segments were spared, the U.S. energy sector could be in for a rough year with forecasters expecting an above-normal hurricane season. Climate forecasters at the National Ocean and Continue Reading
Source: U.S. Energy Information Administration, Gasoline and Diesel Fuel Update Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up Continue Reading
US drillers added 13 rigs to the number of oil and gas rigs this week, according to Baker Hughes, with oil rigs increasing by 15 and gas rigs dipping by Continue Reading
