Charles is a writer for Oilprice.com
The renewed downturn in oil prices has forced major banks to slash their price forecasts for 2017 as a new bear market induces heightened pessimism.…
Libya’s National Oil Corporation (NOC) announced a political breakthrough a few days ago, promising to ramp up production and exports of long-disrupted oil supplies. The…
U.S. crude oil inventory data for the week just released by the American Petroleum Institute (API) shows a 1.3 million-barrel draw in line with consensus…
The global natural gas glut could get much worse if China has its way. The spot prices for liquefied natural gas (LNG) have plunged in…
Oil prices are down roughly 20 percent from their high watermark for the year, reached in June, and the next steps could be dicey as…
The U.S. oil and gas rig count was up only one rig this week, defying a significantly higher upwards trend reported by Baker Hughes for…
The glut of gasoline and other refined products has taken center stage for the oil markets, threatening to initiate a new bear market and push…
Suncor Energy Inc. turned to a net loss of C$735 million in the second quarter, after forest fires in northern Alberta in May more than…
Statoil reported its second quarter figures on Wednesday, revealing a second-quarter loss that disappointed analysts’ expectations. The Norwegian oil company lost just over $300 million…
Refining maintenance season is a few weeks away, a period of time that could be hugely negative for oil prices. Already the oil markets are…
The U.S. rig count is up 15 oil and gas rigs this week, nearly doubling last week’s rig increase and heralding new supply to add…
With the Republican National Convention wrapping up this week, Republican presidential candidate Donald Trump is considering nominating one notable fracking CEO to become his Secretary…
Halliburton reported its second quarter earnings on Wednesday, revealing a huge loss of $3.21 billion, or $3.73 per share. That compares to net income of…
ExxonMobil has bid $2.5 billion for InterOil Corp. as it tries to outmaneuver French oil giant Total for natural gas assets in Papua New Guinea.…
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…