There is more storage space for crude around the world than anticipated, which will help prevent further sharp falls in the price but also weigh against significant price rises, analysts Continue Reading
Chesapeake Energy Corp. fell to the lowest since April 2000, making it the worst performing stock in the Standard & Poor’s 500 Index Tuesday, on investor concern that sinking oil Continue Reading
North Dakota’s oil production has been flat for more than a year, but it hasn’t fallen despite the sharp drop in prices, illustrating the challenges of rebalancing the oil market. Continue Reading
Never has corporate turnaround expert Jeff Huddleston been more needed or more dreaded. Huddleston says he’s gotten used to being “the most hated guy” in the room over the past Continue Reading
From Science magazine’s “The Next Oil Crisis Looms Large—and Perhaps Close,” Aug. 21, 1998: This spring . . . the Paris-based International Energy Agency (IEA) of the Organization for Economic Continue Reading
The head of Nexen Energy ULC, which is owned by Chinese state-controlled energy company Cnooc, apologized for the accident at its Long Lake facility in northern Alberta and said Cnooc Continue Reading
Oil held above $118 on Wednesday but stayed on the boil due to a weakening dollar, supply disruptions in Nigeria and fears that a refinery strike in Scotland could hit Continue Reading
Negative energy prices are rare but not unprecedented. Propane traded at a negative value in Edmonton, a key pipeline hub in oil-rich Alberta province, for about three months last year. Continue Reading
The two Canadian energy companies have been working on a revised bid since Friday , this person said, adding that talks were still ongoing. The value of the potential revised Continue Reading
My favorite Texas oilman Jeffrey Brown is at it again. In a recent email he’s pointing out to everyone who will listen that the supposed oversupply of crude oil isn’t Continue Reading
