India’s biggest fuel retailer is seeking to buy oil assets as demand surges in the world’s fastest growing energy market.
State-run Indian Oil Corp. wants to buy assets globally to ensure a tenth of its refining capacity …
Russia and Kazakhstan said they’ve met or exceeded their initial goals for trimming oil output, bringing cuts by non-OPEC nations in the first 10 days of this year to more than a quarter of the total pledged …
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 deal among world oil exporters on cutting …
UK taxpayers face a £24bn bill to decommission offshore oil and gas infrastructure, according to independent analysts.
Wood Mackenzie said tax relief on scrapping platforms and pipelines would “wipe out” the government’s expected future income from the …
Jack Gerard, president and CEO of the American Petroleum Institute, said last week that opening up offshore production of oil and natural gas could create more than 800,000 U.S. jobs and provide some $200 billion in …
In WTI near month contracts, oil was trading above $55+ to start off the year, then it fell into a downward slog, dropping 4% to sub-$52 today. It feels like oil prices have been a tale of …
Dallas-based Comerica Bank (ticker: CMA), released its Texas Economic Activity Index last week, saying its measure of the Texas economy advanced for a second consecutive month, gaining 0.4 percentage points …
In its recently released Annual Energy Outlook 2017, the EIA outlines U.S. petroleum demand and production prospects through 2040.
To deal with the always tricky business of …
The recovery in oil prices has spurred operators in the United States to add more rigs to the active fleet. This has pushed the total …
Iran is using the recent uptick in oil prices to sell off crude oil that has been sitting in offshore storage since the …
Less than a week into the new year, many oil market experts are beginning to wonder if OPEC will be able to follow through with its production cuts.
Already Iraq, …
WTI futures opened the year by dropping 2.4% to $52.33 per barrel as the U.S. dollar reached its highest level since 2002. Brent contracts also fell to settle at $55.47.
The drop followed …
Alberta’s provincial government has decided to leave royalty rates largely unchanged after the leadership ran on a platform that promised to change rates to ensure the province was receiving its fair share. …
Denver-based SM Energy (ticker: SM) announced Tuesday that the company has divested its non-operated Eagle Ford assets for $800 million.
SM has entered into a definitive agreement with …
Iran has qualified 29 international companies to bid in tenders for oil and natural gas development projects as the company seeks foreign investment to …
Privately held Sentinel Peak Resources LLC, which is based in Denver, has closed its previously announced acquisition of the onshore California …
With OPEC and non-OPEC production cuts on the horizon (although not guaranteed), institutions exposed to oil have shifted their outlooks for price risk, as reflected in their current positions in NYMEX …
The number of rigs drilling in the United States plummeted along with crude oil prices from the end of 2014 through the first half of this year. Lower prices …
The global energy mix will not look that much different for oil and gas in 2040, according to Exxon Mobil’s (ticker: XOM) recently released 2017 Outlook for Energy: A …
