April 21- Contract driller Nabors Industries Ltd said it reduced its global workforce by more than 18 percent since the end of 2014 as the slump in oil prices hurt drilling activity. Nabors said on Tuesday it cut its workforce by 41 percent in its U.S. drilling operations and 26 percent in Canada. The company's revenue fell 10.5 percent to $1.42 billion in the first...» Read More
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.
"It will only take another refinery issue and a bit more of geopolitical noise to have the first U.S. election at a US average gasoline price of $4 a gallon," says one energy analyst.
The U.S. designated certain areas around its coast for the safe dumping of explosives, but the records of where these munitions were dumped are incomplete. Now those forgotten payloads have become a real hazard for oil ocmpanies that drill deep sea wells.
On June 30, 2009, oil mysteriously jumped by more than $1.50 a barrel during the night, to reach its highest price in eight months, the kind of swing that is caused by a major geopolitical event.
Energy-hungry China may not be done yet on the acquisition trail.
Exxon Mobil and Rosneft are planning to drill in the Kara Sea that holds enough oil to supply the world for five years. But environmentalists fear nuclear radiation.
Last week, shareholders at Nexen voted in favor of the proposal in what could be a landmark for a Canadian business. But lawmakers in Ottawa have expressed reservations about Beijing's dominance in a market habitually tied to the United States.
Israel is interested in developing natural gas alternatives in the eastern Mediterranean. The problem is that it is in contested waters claimed by not only Israel, but the Palestinian Authority, the Republic of Cyprus and Turkey.
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.