The Chinese urgency points to two things. China believes that crude oil prices will not remain at the current levels for long, and that a disruption is possible due to geopolitical reasons, which can propel oil prices higher.
The "Vision for the Kingdom of Saudi Arabia" could radically transform Saudi Aramco, the Saudi economy, and the country's social structure.
With commodity prices falling precipitously during the last 2 years it has been a hard time for both commodity market analysts and commodity exporting countries’ finance ministers.
Oil prices may be gyrating up and down, but Mr. Rothman provided some juicy clues for investors, highlighting some key near-term trends for crude oil.
Cut greenhouse gas emissions in New York by 40 percent by 2050. A commendable goal. But two of the four nuclear power stations in the state may close down by 2017.
Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place.
Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least temporarily.
Argentina offers one of the few places on earth where oil companies are not suffering from the full force of the collapse in prices.
What if I told you that there was a period in history where oil demand declined by 5 million barrels per day and non-OPEC supply increased by 5 million barrels per day, yet oil price rallied more than 50 percent?
The country is imposing an excise duty of 1 percent on gold and diamond jewellery.
With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it’s no wonder everyone’s bullish on this golden commodity that promises to become the ‘’new gasoline”.
While there are billions of reasons to cut output, and every major producing country is reeling from the loss of revenues, some are weathering the current bust better than others, but the devil is in the details, and the details contain tons of variables.
Goldman Sachs report is the latest in a long line of grim warnings, all of which point to a future of shuttered power plants, mine closures, and bankruptcies.
Paper money, ‘the Heaven-sent leaf’, is nothing new, but it has not always been held in high regard nor previously attained its unquestioned position as the lubricant of trade, financial markets and the road to wealth.
According to Bloomberg, the Russian Energy Ministry issued a statement that "Energy Minister Alexander Novak and the heads of Russia's biggest oil companies discussed the possibility of working with OPEC."
Inventories will continue to rise, but the momentum is slowing.
Oilprice.com recently spoke with Carl Larry, Director of Oil and Gas at Frost & Sullivan, a consultancy that conducts research on oil and gas markets, to get his thoughts on the state of oil in 2016.
The rift between Saudi Arabia and Iran has quickly ballooned into the worst conflict in decades between the two countries.
Canadian Oil Sands is a weak company that has consistently missed many quarterly targets and is focused on one of the least attractive areas of the oil patch at current prices.
Oil prices jumped on the first trading day of 2016 as Middle East tension outweighed a selloff in financial markets around the world.
OPEC says that $10 trillion worth of investment will need to flow into oil and gas through 2040 in order to meet the world’s energy needs.
Well the answer is complicated by a number of factors most importantly, we just don't know a lot of about Santa's rounds, the shape of the sleigh, the air speed of the craft, or the weight of all those presents. But, we can take some educated guesses.
As producers confront this unpleasant reality, some will finally start to significantly curtail or even shut down operations. And that is going to severely hurt an all but invisible group; strippers in the United States.
There has been some revealing new information coming out recently regarding the strategy against ISIS.
Robert Bensh—managing director and partner at Pelicourt, a Western-owned oil and gas company discusses navigating tricky conflict zones.