As booming shale pushes U.S. oil production to near 9 million barrels per day, some say U.S. strategic interests are being realigned.» Read More
Brent oil prices will probably fall another $5 from Wednesday’s $110 a barrel, while natural gas should reach $4 by the end of the year, noted energy investor Boone Pickens told CNBC’s "Closing Bell."
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.
The Arctic’s abundant supplies of oil, gas and minerals are, thanks to climate change, becoming newly accessible, the New York Times reports.
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.
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.
Andrei Gaidamaka, Lukoil deputy CEO, discusses how a drop in crude oil inventories will impact energy exploration and production.
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.
'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.
Nothing infuriates Americans more than volatile, spiking gasoline prices. But often the causes given for gasoline price hikes seem contrived.
Fundamentally, it seems, markets are well supplied, though it may be emotional factors driving certain aspects of the energy market.
According to the U.S. government’s Energy Information Agency, “In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. Despite a slowing global economy, India's energy demand continues to rise. As vehicle ownership expands, petroleum demand in the transport sector is expected to grow in the coming years. While India's domestic energy resource base is substantial, the country relies on imports for a considerable amount of its energy use. According to the International Energy Agency, hydrocarbons account for the majority of India's energy use.”