Charles is a writer for Oilprice.com
Having facilitated the illicit sale of Iranian oil while under Western sanctions, Iranian billionaire Babak Zanjani now stands accused by his own country of corruption…
The U.S. rig count fell below 500 for the week ending on March 4, as another 13 oil and gas rigs fell victim to the…
Saudi Arabia is seeking a $10 billion loan from international banks, according to Reuters, which represents the country’s first major loan in more than a decade.…
At a time when Egypt has just raised $8 billion to expand the Suez Canal project, reports are surfacing that global cargoes are increasingly bypassing…
The former head of Chesapeake Energy died in a car crash in Oklahoma on March 2, one day after he was indicted on antitrust charges…
The former head of Chesapeake Energy has been indicted on antitrust charges by the U.S. Department of Justice. Aubrey McClendon made a name for himself…
Tesla’s 10-million-square-foot, $5-billion lithium battery “gigafactory” in Nevada is the key to plans for a cheaper electric car, but with construction now well under way,…
Doubts are being cast as to the viability of Australia’s massive $54-billion Gorgon gas project—the most expensive in the world—as first cargoes are set to…
Energy bonds have become so beaten down that the yields on bonds from some investment grade energy companies are spiking above the yields on junk-rated…
Whiting Petroleum Corp. (NYSE:WLL), the largest oil producer in North Dakota, has announced that it will suspend all fracking in the state and cut its…
The massive Leviathan gas field, nestled deep inside the Levantine basin off Israel’s Mediterranean coast, is considered a game-changer for both Israel and Europe, but…
After a rough run with its stocks amid bankruptcy rumors, battered Chesapeake Energy Corp. is now back in the game, with share prices soaring on…
The natural gas leak in Los Angeles that spewed methane into the air for several months is now considered to be the worst man-made climate…
A new era for U.S. energy has begun. The first shipment of LNG has officially left American shores, a highly anticipated event that has been…
Oil prices soured after Tuesday’s comments from Saudi Arabia’s oil minister Ali al-Naimi, who essentially ruled out the possibility of an OPEC production cut. The…
The oil exporting countries of the Gulf Cooperation Council (GCC) are likely to report twin deficits due to the downturn in oil prices and a…
Saudi Arabia’s oil minister spoke in Houston at the IHS CERAWeek conference, where he poured cold water on the prospect of a production cut. Saudi…
This is a financial cold war—nothing more, nothing less. While there are billions of reasons to cut output, and every major producing country is reeling…
For the first time in over two decades, ExxonMobil failed to replace the oil and gas that it pumped in a year. ExxonMobil reported on…
During a sombre visit to Germany last week, Iraqi Prime Minister Haider al-Abadi urged the international community to help boost his country's crisis economy in…