North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.
How it is possible for the price of oil to go both up and not up, and what would that mean for the oil industry?
The rise of electric vehicles and the quest to find solutions to energy storage for the renewables industry have created a breeding ground for tech experts to develop battery technologies.
Any news about energy storage advancement is bound to make a splash. After all, storage is the main stumbling block for renewable energy.
Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel.
Hardly a day goes by without another media report about the impending demise of the Internal Combustion Engine (ICE) as petroleum powered cars and trucks are replaced by uber-clean Electric Vehicles (EV).
“Lithium is the new oil,” goes the saying in electric vehicle (EV) circles.
Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials.
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines.
Groups estimate that a full 18 new copper projects are set to start production across Peru by 2021.
The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.
In options trading, a straddle is literally a sit-on-the-fence strategy.
Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared.
The unpredictability of today’s oil market is leaving some investors burned by unexpected price gyrations.
According to the EIA's Drilling Productivity Report, productivity (as opposed to absolute production) is set to fall next month in the Permian Basin.
The upcoming change in British Columbia’s government could stall the Canadian oil industry’s plans to compete globally by exporting crude to Asia—the world’s fastest growing refining market of which Middle Eastern producers, Russia, and now the U.S. are vying for market share.
As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future.
In spite of a blockade on shipments of anthracite coal from occupied Donbas to Ukrainian thermal power plants (TPPs) since this past winter, the country has thus far avoided blackouts.
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.
China and India are rolling out plans to dramatically accelerate the adoption of electric vehicles (EVs), initiatives that have prompted the IEA to take notice and promise a review its long-term oil demand forecast.
Innovations in energy storage, smart grid, and electricity generation technologies will affect every part of the source-to-consumer supply chain for powering the planet.
So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing long term demand for oil and gas.
Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030.
The biggest banks remain bullish on oil prices, but analyst projections about global supply and demand are increasingly diverging.