Iran's oil minister said on August 26, 2016, that he'll go to an Algerian meeting where producers could move to stabilize prices, but kept his defense of market share.
29 August 2016 , 02:01658
With Brent crude rising above $50 on August 18, 2016, for the first time in 6 weeks (for a close of $50.89) and WTI up 3.06% and settling at $48.22, oil is now technically in a bull market - but analysts warn a "test of the lows" may be forthcoming.
22 August 2016 , 00:08664
Even though analysts characterize the current oil market as overbearish, contained in the August OPEC Report is the troubling disclosure that its Reference Basket fell nearly 7% in July «amid lower-than-predicted demand, high refined product stocks during the peak summer driving season and rising crude supply.»
15 August 2016 , 00:26477
It used to be that when it came to the world economy, oil prices and economic growth were more like distant cousins who disliked each other rather than a happily married couple always seen nuzzling together in public.
07 August 2016 , 21:22605
Recently, a group of oil companies led by Chevron announced a $36.8 billion investment deal for the development of Kazakhstan's Tengiz oil field. The sizable new investment is virtually unprecedented in the prevailing low-priced oil economy.
01 August 2016 , 16:33524
In high-wage nations, expensive gas prices are by and large affordable for the population. For example, Norway's gasoline price of $6.53 a gallon is the third highest in the world, but its average citizen earns nearly $200 a day.
25 July 2016 , 13:07467
Virtually unreported in the financial press, Russia's «Arctic Surge» of new oil and gas production will increasingly make Middle East oil production irrelevant.
19 July 2016 , 16:17619
There's been a lot of press lately about OPEC's effect on oil prices. With many observers wondering if surging crude exports from places like Saudi Arabia and Iran will hold back prices for the indefinite future.
12 July 2016 , 09:09444
China appears willing to help Moldova become a nuclear power. But for now officials in Chișinău seem hesitant to go all-in on atomic energy.
06 July 2016 , 15:30486
In March, nine Central and Eastern Europe (CEE) European Union member states sent a letter to European Commission President Jean-Claude Juncker objecting to the construction of the Nord Stream 2 gas pipeline from Russia to Germany.
27 June 2016 , 10:38583
The primary purpose of the ASB is to make reliable data about the global oil and gas industry easily and publicly available.
23 June 2016 , 12:37474
OPEC predicted that the global oil market will be more balanced in the second half of this year as demand rises and rival supplies falter, echoing views expressed by ministers at the group's meeting this month.
13 June 2016 , 16:07500
Renewable energy generation is being rolled out across Europe at unprecedented rates as the shift to green energy gathers momentum.
01 June 2016 , 10:11457
Crime is rising, home prices are falling and food banks are overwhelmed in Calgary as job losses spread. And the worst isn't yet over in the heart of Canada's oil patch.
24 December 2015 , 12:45822
While much of the world's attention has recently focused on the threat of pillage and destruction posed by Islamic State forces to the ancient Syrian desert city of Palmyra, damage to the energy supply and potential earnings is probably a bigger concern for the regime of Syrian President Bashar al-Assad.
06 August 2015 , 17:45398
BEIJING, April 7 (Reuters) - An Iranian delegation is in Beijing this week to push for more oil sales and discuss Chinese oil and gas investments in Iran, just days after Tehran and world powers reached a framework nuclear deal, Iranian oil officials told Reuters.
08 April 2015 , 12:29777
When you see the term "oil sands," there is a good chance that you will associate it with the Canadian province Alberta. MCW Energy Group is trying to extend the geographical focus southward.
08 April 2015 , 12:25685
With at least two mega gas or liquefied natural gas projects on the horizon, Indonesia could well buck the trend of reduced oil and gas exploration and production (E&P) in Southeast Asia if the country's regulations were revised in support its upstream sector.
08 April 2015 , 12:07778
IRN interviews Vladan Dubljevic, Deputy Minister for Mining and Geological Research, Ministry of Economy, Montenegro
05 August 2014 , 16:16431
Two years ago Total's chief Christophe de Margerie launched a "high risk, high reward" oil exploration strategy, betting he could hit a bonanza, even though his rivals had failed to make big discoveries.
11 July 2014 , 12:07747