Charles is a writer for Oilprice.com
Crude prices rose towards $48 on Friday after the release of energy data from the United States and China, two of the world’s top energy…
The US oil and gas rig count rose by 7 this week, with Baker Hughes adding 6 more oil rigs to the count and one…
Crude oil and refined products are once again begin stored on tankers floating at sea, a sign that the two-year oil glut is far from…
Oil prices have been crushed over the past two years because of a glut of production. With supplies falling off, particularly in the U.S. shale…
The U.S. Energy Information Administration (EIA) has reported a 2.5-million-barrel reduction in U.S. crude oil inventories, once again in contraction with American Petroleum Institute (API)…
Citigroup is “especially bullish” on commodities in 2017, the bank says. “The oil market is treading water for now, but the oil price overshot to…
Oil prices jumped on Wednesday in early trading as global stock markets rose and crude oil inventories were expected to fall sharply in the U.S.,…
Want to invest in the oil majors? Take a look at Chevron and Royal Dutch Shell, but steer clear of ExxonMobil, BP, and Total. That…
The Niger Delta Avengers (NDA) were a major driver of the rally in oil markets over the past several months, as the outage of roughly…
ExxonMobil and its partner Hess Corp. have announced that the major discovery off the coast of Guyana, is a discovery that is much larger than…
Few expected oil prices to crash below $30 per barrel earlier this year, but that is just what they did. Now that oil is back…
ExxonMobil is one of the top targets of environmental activists, pursued because of its alleged misinformation campaign on climate change over the past few decades.…
In a sign that the U.S. shale industry could spring back to life, one of the top Texas shale companies expects to grow both production…
Following a series of terrorist attacks in Turkey’s key cities in recent months, two suicide bombers targeted Istanbul’s international airport late on Tuesday, killing at…
The U.S. has seen several weeks in which the levels of crude oil sitting in storage have declined, falling from 80-year record highs. Inventories have…
Companies pumping oil from the Gulf of Mexico will ramp up production in coming months, propping up American output, despite efforts to curb production and…
Seismic surveys now show that Lebanon’s portion of the prolific Levant Basin is showing promising oil and gas reserves, as the country lags far behind…
Newly appointed Saudi Oil Minister Khalid Al-Falih declared the oil glut over during a visit to Saudi Aramco facilities in Houston, Texas, today. Speaking to…
U.S. Supreme Court Justice Samuel Alito has sold off his stock in Exxon Mobil Corp. worth up to $250,000, according to Reuters. In 2008, Justice…
Oil prices pushed up closer to $50 today ahead of the U.S. Energy Information Administration’s (EIA) release of crude inventory data, but were trading slightly…