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25 companies pre-qualified for upcoming lease sale The Comisión Nacional de Hidrocarburos (CNH), which will conduct the lease sale, has listed a total of 25…
Russia’s Novak suggests Russia has more room for deeper cuts Crude oil prices fell more than 5 percent Thursday after OPEC extended a production cut…
U.S. has brought crude oil from 80 nations into its refineries In the past 30 years, the U.S. has imported more than 91 billion barrels…
China has said it will allow private companies to invest in the country’s oil and gas storage sector, the government said in a document laying…
The Federal Reserve Bank of Dallas released its Energy Indicators report, outlining the continued recovery of the oil and gas industry. No surprise Texas is…
Flooding the market has quickly emptied the kingdom’s checkbook In case you missed the past three years, on Thanksgiving Day 2014, OPEC announced it would…
OPEC has been restraining production since the beginning of the year, after a group of cartel members teamed with Russia and other non-OPECs and agreed…
Petronas, Malaysia’s state-owned energy company, and the world’s third-largest LNG exporter is exploring shorter-term contracts and smaller cargo sizes in an attempt to attract more…
OPEC could extend cuts to 2018, but in the long run U.S. shale “won’t make a dent” Both WTI and Brent crude oil prices were…
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…
Is sand the next battleground for energy development? The early salvos are taking place in Minnesota’s Winona County. In late 2016, Winona County commissioners voted…
EagleClaw Midstream Ventures, LLC and its financial sponsor, EnCap Flatrock Midstream, have entered into a binding agreement to sell the company to funds managed by…
Inventories 350 MMBO above historical average An extension of the OPEC production cuts should normalize global inventories this year, according to research by KLR Group.…
Refinery utilization hits 90.8 percent, the highest since the first week of the year U.S. refiners are picking up activity as the summer driving months…
Twice as many deepwater projects expected this year as the last two years combined While U.S. shale has been by far the most important topic…
Global oversupply in liquefied natural gas has emboldened buyers to push for more favorable contracts. Korea Gas Corp. (KOGAS), Japan’s JERA and China National Offshore…
WTI crude oil prices were down again Monday, even as news that OPEC was considering extending production cuts reached markets. For a change, prices didn’t…
Saudi ups its cut to 135 percent of pledge; oil demand growth will slow to 1.4 MMBOPD: IEA The IEA released its monthly Oil Market…
Overall U.S. unemployment rate down to 4.7 percent The Bureau of Labor Statistics released its February employment report today, outlining the state of employment in…
IEA chief sees no peak in oil demand, but slowed investment will reduce supply Global oil demand could outpace supply after 2020, according to a…