On Thursday, February 9th, Reuters revealed that the Venezuelan state-run oil company PDVSA has not sent oil and fuel that it owes to China and Russia for months.
Cannon Ball, ND -- Final construction on the Dakota Access Pipeline could begin as soon as today, now that the U.S. Army Corps of Engineers filed a notice of intent on Tuesday to grant Energy Transfer Partners the easement necessary to drill under t
Days after Iran tested a ballistic missile in a northern desert, newly-inaugurated U.S. President Donald Trump imposed sanctions on individuals associated with the program producing non-nuclear rockets capable of reaching Israel, as well as the Unite
The Republican-dominated House of Representatives yesterday moved to repeal a rule that requires oil companies to report on their payments to foreign governments, including taxes and royalties from their activities in these countries.
US domestic oil production remains in a deep two-year slump because of the low oil prices.
Russia Top Bet On Oil And Putin Thaw: Jim Rogers
Ryan Zinke, Donald Trump's pick for Secretary of the Interior, is planning to drill on public lands, set aside largely for outdoor recreation and conservation purposes.
While Syria is torn apart by the warring of U.S. imperialists and Islamic fundamentalists--leaving its children to die of starvation--another country plans to take advantage of the chaos by stealing resources from Syria's southern region.
A British Petroleum pipeline in Colorado ruptured last week for still "unknown" reasons, spilling similarly unknown quantities of methane-contaminated wastewater into a tributary of the Los Pinos river.
Invoking a rarely used provision in federal law, the Obama administration on Tuesday announced a permanent ban on offshore drilling in broad parts of the Arctic and Atlantic coasts -- a sweeping and controversial move that will help secure the presi
China's oil output is rebounding.
As far as the markets are concerned, OPEC's 32.5-million bpd output cut deal agreed to two weeks ago could go either way, and the uncertainty makes it anyone's guess--but MCW Energy, the pioneer of breakthrough clean oil sands extraction in Utah
Barron's is going wild over the Dow. The magazine says Get Ready for Dow 20,000.
Wikileaks' releases of emails from the Turkish President's son-in-law prove that the Turkish state has been intimately involved in smuggling oil for the Islamic State.
OPEC's historical deal to cut production has been sealed, and oil prices have jumped as a result, comfortably above the $50 per barrel mark.
In a troubled oil world, the Permian Basin is the gift that keeps on giving.
Tesla Motors made a handsome profit this quarter for the first time while the US oil industry is in the red.
Output by OPEC oil producers has reached record levels, the International Energy Agency said Thursday, raising fears a global oil glut will continue to weigh on markets unless the cartel agrees on a cut.
As Iraqi and Kurdish forces join US allies taking back Mosul, retreating Islamic State forces are setting fire to oil fields and other chemical facilities, burning some 5,000 barrels daily and blanketing the region in acrid smoke.
Hits Two Week Lows As Concerns Over Iraq Break From OPEC Agreement Mount
Fitch is a ratings agency that publishes highly influential financial ratings.
In 2006, exploration in Brazil's Campos Basin discovered pre-salt, an ultra-deep geological layer known to harbor high-grade oil.
The term "climate change" is something the Obama Administration likes to repeat, but only to manipulate you into believing that the government cares about the environment. When it comes down to doing business, big oil companies run the show and use t
State oil producer NIOC seeks to pre-qualify foreign bidders NIOC to announce list of elgibile oilfield bidders on Dec. 7
In the 1990s, the California-based Unocal Corporation invited a delegation from the Afghan Taliban to their headquarters in Sugar Land, Texas, to discuss prospects for constructing a 1700-kilometer Peace Pipeline, according to a new documentary by Al
Oil and gas companies are dumping unlimited amounts of fracking wastewater and chemicals directly into the Gulf of Mexico with the full approval of the EPA.
At the end of August, we did a follow up article on what we believe is a far bigger marginal driver to the price of oil than OPEC production (which may or may not be reduced by up to 750kbpd in November), namely the Strategic Petroleum Reserve of Chi
At a fossil fuel industry conference in Pennsylvania last Thursday, Trump elaborated upon his energy plan that strongly favors the fossil fuel industry.
A deal by major oil exporters to freeze output may have to wait another couple of months.