KHOBAR, Saudi Arabia, May 28- Saudi Aramco may raise the number of its oil and gas drilling rigs to as high as 250 next year if oil prices continue to firm and as domestic demand for gas increases, industry sources said on Thursday. Brent oil is now around $62 a barrel, up from a low of $45 in January though still far from the $100 mark which Saudi officials said they...» Read More
According to GasBuddy, 10 percent of the nation's gas stations are now selling gasoline at less than $3 a gallon.
The US energy revolution is in danger. Here are three things US energy policy must focus on, says the CEO of Chevron.
Renewable energy advocates got a boost this week from the Rockefeller Brothers Fund, but it's not enough to make the oil and gas industry fret just yet.
The age of robots as mankind's master is beginning, but don't be Terminator-terrified. Profit from the rise of the machines.
Many shale-rich countries face a dilemma, says a new report. It might mean a choice between fracking for energy or having enough water to drink.
Fracking is one area of the economy that's creating jobs. Dems like Obama and Cuomo need to stop delaying these projects, says Jake Novak.
Chinese energy execs recently made bullish statements about shale growth there. But that may have been just to appease China, this analyst says.
Mexico's new energy reforms will not only increase foreign investment, but will also help domestic firms across the economy.
As booming shale pushes U.S. oil production to near 9 million barrels per day, some say U.S. strategic interests are being realigned.
As the U.S. muscles its way back into the very top echelon of global oil and gas production, Alaska is being left in the dust.
The Middle East and other oil-producing countries are hotbeds of instability. So why is oil falling instead of rising?
Exxon Mobil began drilling for oil in the Arctic on Saturday in a project with Rosneft, despite sanctions imposed on the Russian company.
A major benefit of the U.S. shale boom is how deeply it has cut into the vast the trade imbalance, bolstering the dollar.
Russia and Iran have yet to agree on details of an oil-for-food deal, highlighting global pressures on both countries.
Russia's Energy Ministry said it was withdrawing Minister Alexander Novak's statement on cooperation with Iran on crude oil shipments.
Chevron reported second-quarter earnings on Thursday that beat Wall Street's expectations.
ExxonMobil reported a stronger-than-expected profit on Thursday as higher prices for its crude and natural gas offset a 6 percent drop in production.
The Bakken, Eagle Ford and Permian Basin are generating more than a million barrels of oil per day each, a third of U.S. daily production.
U.S. shale has put the country on the same terrain as Saudi Arabia and Russia. In the process, it may turn oil into a safe haven.
Even as U.S. shale companies pursue mergers, analysts don't expect them to become echoes of Big Oil deals that eventually fell flat.