The reason oil companies have gone bankrupt over the past few years is not due to "historically low oil and natural gas prices".
Petroleum Facilities Guard Unable to Hold Off Army
The price of oil went crazy on Monday morning as investors around the world reacted to confirmation that Saudi Arabia and Russia have held talks about the future direction of oil policy.
At the end of July, we wrote an article titled "Oil Bulls Beware: Crude Demand Is About To Slide As China's SPR Is "Close To Capacity"" which explained why what until recently had been a record hoarding of oil by China, was starting to fade.
Seventeen countries now receive long-banned American crude exports.
This wasn't supposed to happen. The price of oil was supposed to start going back up, and this would have brought much needed relief to economically-depressed areas of North America that are heavily dependent on the energy industry.
In a shocking example of the fallout from low oil prices coupled with years of easy-money-enabled malinvestment, the collapse of Canada's non-conventional oil production has forced a northern Alberta oil-boom-town to be put up for auction including 1
One of the more popular debates among economists revolves around this question: What's the point of gold?
California has become " ironically " the most anti-car state in the country. Fifty years ago, the Beach Boys sang about The Little Old Lady From Pasadena.
G7 leaders just signed a joint declaration to finally ditch fossil fuels for good. By pledging to end fossil fuel subsidies by 2025, leaders of the U.K., U.S., Canada, France, Germany, Italy, Japan, and the E.U. seem to finally take the hint that the
Traditional rivals, Saudi Arabia and Iran, continue to fight to prove their supremacy in OPEC.
A day before the OPEC summit kicks off, top officials from the oil cartel say that the markets are moving in the right direction, a sign of confidence that suggests little could emerge from this week's meeting.
or decades, the story of Saudi Arabia recycling petrodollars, i.e., funding the US deficit by buying US Treasuries with proceeds of its crude oil sales (mostly to the US), while the US sweetened the deal by providing the Saudis with military equipmen
Republican presidential contender Donald Trump said on Thursday that he would approve TransCanada's Keystone XL pipeline proposal if elected, reversing a decision by the administration of President Barack Obama to block it over environmental concer
Rex Tillerson, the boss of oil giant ExxonMobil, said cutting oil production was "not acceptable for humanity" as he fought off shareholders' and activists' attempts to force the company to fully acknowledge the impact of climate change on th
Will You Still Be Owning One of Them?
With verious Fed presidents having whipping up the market into a hawkish frenzy in the past two weeks, leading to a dramatic repricing in summer rate hike odds with expectations for a July rate hike now over 50%, many can be "disappointed" by Yellen'
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran.
MOSCOW (Reuters) - Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel.
Oil Jumps Despite Saudi Plans For "Significant Output Growth"; Kuwait Unveils Plans For Record Production Surge
Internal differences are killing OPEC and its ability to influence the markets has all but evaporated, top Russian oil executive Igor Sechin told Reuters in some of his harshest remarks ever about the oil cartel.
It appears Russia is close to taking the next big step towards de-dollarization and killing the petro-dollar as Vladimir Putin's "dream" of ruble-based pricing of its domestically-produced oil is on the verge of realization.
As the world changes for Iran post-sanctions, it's paying calls to those who benefited from the country's sanction shackles in one way or another, and India--whose refiners are said to owe Iran $6.5 billion worth of euros--is its first port of
While the IEA has been urgently pushing an agenda of the oil market "rebalancing" in coming months in order to validate rising oil prices, the reality is that there are two parts to the equation: demand and supply.
The biggest oil meeting in decades will take place on Sunday -- here's what you need to know
Stunning Map: Oil Supply Glut Leads To Massive Tanker Traffic Jam: "Would Stretch For 25 Miles"
Wells Fargo, the most valuable bank in the US by market cap, is getting crushed by the oil crash. On Thursday, the San Francisco-based bank announced earnings that beat expectations. But underneath the positive headline number, the firm said its oi
Most of the worst housing markets in America have one thing in common: oil. And markets in energy-producing areas make up most of the bottom-ranked parts of America.
Even as Pentagon officials have sought to emphasize their claims of ISIS being "on the run," ever more US ground troops are being deployed into Iraq to try to cope with ISIS offensives, with the battle of Makhmur leading to the introduction of US
Many people, including many highly trained economists, seem to think the economics of decarbonizing the U.S. economy are simple and straightforward.