Shale companies continue to drill at frenzied pace, breaking U.S. oil production levels. Yet production is becoming increasingly geographically concentrated.
Echoing criticism of too much hype surrounding U.S. shale from Saudi oil minister last week, new report finds shale drilling still largely not profitable.
The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019.
Oil prices are set to close out the year up more than 11 percent, hitting their highest level since 2015. However, the road to higher prices was rocky.
Venezuelan President Maduro shocked the market in early December when he followed China's 'petro-yuan' futures announcement by making headlines of himself proclaiming a new national cryptocurrency - the 'Petro' - to overcome The West's "financial blockade."
This Christmas, there is so much more that you know about, as Santa straps on today’s hottest new technological advancement: The blockchain.
Last week, OPEC decided to extend its production cuts through end of 2018. The target is now to bring global oil inventories back down to the 5 year average.
The world's hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts say.
Oil prices appear to be stuck in the $50s per barrel, but that doesn’t mean there aren’t serious supply risks to the market.
While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field.
The fate of IAMGOLD's Sadiola mine hangs in the balance as Mali's gold exports fall and production winds down.
The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil.
The solar sector is reeling from confusion, and stock prices are reeling right along with it.
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.