Markets may be expecting oil prices will remain lower for longer, but some analysts are forecasting a quick recovery.» Read More
Oil prices slumped for a third-straight session Wednesday, as comments from Saudi Arabia raised expectations of increased supply and after weely data from the Energy Information Administration (EIA) showed inventories climbed far more than projected.
The Arctic’s abundant supplies of oil, gas and minerals are, thanks to climate change, becoming newly accessible, the New York Times reports.
Sen. Mark Begich, (D-AK), discusses what a delay in Arctic drilling means for the future of oil prices and exploration in the U.S.
We're not talking about the Persian Gulf. It's the South China Sea where China and Vietnam are on a collision course that could result in higher commodity prices and far worse.
In an interview with OilPrice.com, the president of a private intelligence company discusses whether rebels can defeat Syria's President Bashar al-Assad.
The crude oil market signaled a warning to all the markets with its precipitous decline, yesterday.
U.S. oil prices retreated over $1 after topping $100 a barrel early Friday when the International Energy Agency's chief economist said high prices are now "unbearable for consumers" and traders anticipated an announcement of a release of emergency oil reserves could be imminent.
Officials and industry experts are worried that the potential wealth to be made from Afghanistan's resources has increased the level of corruption, violence, and intrigue in the country.
Saudi Arabia, the world's central bank for oil, could become a net oil importer by 2030 according to a new study by Citigroup, the international financial conglomerate.
Oligarchs are the wealthy few who benefit from the government and for all intents and purposes call the shots behind the scenes. Oilprice.com considers five key oligarchs and oligarch families who will shape the future.
The US Department of Justice intends to prove at trial that gross negligence or willful misconduct by BP caused the 2010 Deepwater Horizon disaster in the Gulf of Mexico, government lawyers have said, in the clearest statement yet that they are seeking the maximum possible penalties from the British oil group. The FT reports.
Geopolitical and economic issues are shaping the price of oil more than worries about supply.
US companies and individuals have been prohibited from doing business with Mexican oil company ADT Petroservicios and the company’s U.S. assets have been frozen due to owner Francisco Antonio Colorado Cessa’s links to the Los Zetas drug-trafficking cartel.
'Senior' Colombian oil stocks are just above 50 percent of their highs, and the rest are anywhere from 20-50 percent of their highs.
Is our energy future one of falling prices and plentiful supply or should we prepare for declining supply and sky high prices?
The Venezuelan president pledged to invest $130 billion in Venezuela's Orinoco Oil Belt between 2013 and 2019 to boost national production from 3 million barrels per day to 6 million bpd, doubling output to make it OPEC’s second-largest producer after Saudi Arabia, knocking Iran into third place.
As Tropical Storm Isaac continues its path toward the U.S. Gulf Coast, gasoline futures have surged to a five-month high while oil fell slightly and natural gas prices sank.
US oil prices fell more than $1 on Monday after rising sharply overnight as Tropical Storm Isaac threatened the U.S. Gulf Coast and a deadly explosion shut down Venezuela's largest refinery.
Nothing infuriates Americans more than volatile, spiking gasoline prices. But often the causes given for gasoline price hikes seem contrived.
Even before the winds from Tropical Storm Isaac hit the U.S., its approach is impacting the energy markets.