Feb 26- Offshore driller Ensco Plc said it would shut down an ultra-deepwater rig as demand dwindles due to a slump in crude prices, a day after it slashed its quarterly dividend by 80 percent. Ensco reported a fourth-quarter loss on Wednesday, compared with year-ago profit, hurt mainly by a $3 billion goodwill impairment charge. Ensco cut its quarterly dividend...» Read More
Natural gas futures traded slightly higher following the release of its weekly storage report from the U.S. Energy Department.
Activism surrounding fracking has now migrated into the ranks of actual shareholders in the companies that perform fracking.
With natural gas trading near a one-year high, Royal Dutch Shell, one of the world's largest integrated oil and gas companies, is making a big bet on the future of the cleanest of all fossil fuels.
A transformation in our oil and gas production is leading to a sea change that will put the U.S. at the head of the line in global oil production by the end of the decade.
Tom Bergin, reporter for Reuters, explains to CNBC the implications of an IEA report that states the U.S. will become the world's largest oil producer by the end of the decade.
The national average for retail gasoline fell slightly below $3.50 a gallon Friday for the first time since March 6, according to OPIS and AAA.
Gasoline futures continued to trade higher in the electronic session Thursday as the latest track of Hurricane Sandy looked headed straight for the heart of the East Coast refining industry.
Apple earnings and a Microsoft product launch keeps technology names at the forefront Thursday in a market that has been mostly punishing the sector for the last month.
Oil prices have plunged near a three-month low amid poor growth prospects, but U.S. drivers may be the biggest winners of the recent selloff.
John Kingston, Global Director Of News, Platts says that U.S. sanctions on Iran have worked far better than most people think.
The natural gas market didn't attract buying after nearing a 10-month high this morning, and futures fell sharply through some key support levels.
Hayden Bairstow, Head of Australian Resources Research at CLSA says that miners are upping their investments to expand capacity. This means that volume growth will help offset weak metal prices.
A dramatic spiral for gasoline prices in some key battleground states comes just three weeks before the U.S. presidential elections.
The incredible prosperity in North Dakota has happened during the Obama administration. However, the fear is that things might change in the next four years, especially when it comes to fracking.
WTI oil futures fell below $90 a barrel on concerns about slowing global demand amid strong U.S. production and robust supplies.
The Commodities Futures Trading Commission is expected to grant a delay on a rule set to take effect Friday that would impact clearing of energy swaps at the CME Group, according to sources familiar with the matter.
Double, double toil and trouble. All the elements for a larger regional conflict are slowly falling into place, just as the witches’ ingredients in Shakespeare’s Macbeth, as the fateful day, November 6th, or Election Day approaches. Oilprice.com reports.
What does our worlds energy future look like? To help us look into the future we spoke with Gail Tverberg, a well-known independent researcher and commentator on energy issues and author of the popular blog, Our Finite World.
Mike Harrowell, Senior Resources Analyst, BBY says that the QE boost to commodity prices does not reflect demand concerns and that base metals prices could be trading lower by end-December.
US natural gas production is rising despite fewer rigs in operation, but far more reserves could be unleashed by fracking. Exports are one answer to overabundance, so what's the holdup? Oilprice.com reports.