Andy Tully is a veteran news reporter who is now the news editor for Oilprice.com
Royal Dutch Shell said Wednesday that it expects its fourth-quarter profits in 2015 to be roughly half what they were in the same period of…
Just two weeks ago, Suncor Energy Inc. insisted it wouldn’t sweeten its offer in a hostile takeover bid for Canadian Oil Sands Ltd. That was…
OPEC acknowledges that it is still producing more oil than its customers can consume, but says a drop in output by producers outside the cartel…
The price of oil, now in the neighborhood of $30 per barrel, is getting close to its production cost in Nigeria and soon may lead…
The price of oil is falling faster than Russia can adjust its budget. In June 2014, the global price of oil was over $110 per…
The lifting of crippling sanctions imposed on Iran over its nuclear program may be opening a new era of closer political and business relations between…
“Plastics,” Mr. McGuire tells Ben Braddock in the 1967 film “The Graduate.” He was impressing on the young man the importance of one of the…
The low price of oil and the resultant reduction in spending by fossil fuel companies has allowed the solar energy industry to overtake the U.S.…
Volkswagen doesn’t appear to be helping its case in the United States. Already the federal government is suing the German automaker over violations of the…
If and when Western sanctions are lifted, Iran plans not only to resume large exports of oil, but also gas, and is even considering expanding…
When Americans speak of “the big one,” they’re talking about the potential for a super-massive earthquake that could essentially destroy most of quake-prone California. Now…
It became a mantra, evidently coined last summer by BP CEO Bob Dudley, that oil prices will stay “lower for longer.” More and more industry…
TransCanada Corp., which lost its bid to build the Keystone XL oil pipeline from western Canada through the United States to the Gulf Coast, is…
The U.S. government says it will help Kenya get the financing it needs to build an $18 billion pipeline from the oil fields in the…
Venezuela’s socialist President Nicolas Madur says the new majority in the National Assembly plans to privatize the country’s most lucrative industries, the state-run oil and…
It all depends on whom you believe. Suncor Energy Inc. CEO Steve Williams says a majority of shareholders in Canadian Oil Sands Ltd. support his…
The Islamic State appears to be trying to add Libyan oil to its source of funding, now that its control of energy outlets in Iraq…
Now that Myanmar has opened up to foreign investment after more than 50 years of military rule, one of the first entrants in the country’s…
Since last summer, Bob Dudley, the CEO of the British oil giant BP, has been cautioning that he expects oil prices to stay “lower for…
Raising oil production during a supply glut and low prices can be like refusing to stop scratching a persistent itch: Instead of alleviating the condition,…