Oil

Le Tour de France 2014 - Stage Twenty One

Russian officials already in the unenviable position of dealing with the impact of Western sanctions on their national economy as reflected in a tumbling ruble – in spite of continuous Central Bank interventions – and capital outflows, now face the possibility of a recession looming in 2015, according to recent World Bank projections. Russia: Policy Uncertainty… Keep reading →

(L-R) Nigeria's head of delgation and OP

Oil market observers will take a break from their Turkey preparations this Thursday to see whether Opec producers decide to cut oil output in a bid to stabilize prices. The meeting being held in Vienna will be long over by the time folks in the US sit down to Thanksgiving dinner. But there is no… Keep reading →

Daily Life In Istanbul

US Vice President Joe Biden recently addressed the Atlantic Council Energy and Economic Summit in Istanbul, Turkey where he discussed numerous topics related to European energy security. Biden began his talk with the situation in Ukraine and Russia’s use of energy as a political tool. He recognized the fact that Russia will remain a major… Keep reading →

oil train

While the current focus is on declining oil prices – which hit four-year lows yesterday – the longer-term oil market picture could feature downward supply pressure and a demand surge that forces prices right back up, according to IEA’s flagship World Energy Outlook 2014. The agency cautions against allowing current supply/demand fundamentals to breed complacency.… Keep reading →

Tropical Storm Arthur Threatens North Carolina's Outer Banks

When you consider how much of the globe is covered by water it’s easy to see why some say the future of oil & gas production lies offshore in ultra-deep water. But while hydrocarbons are likely to be found in these locations, projects built to extract them can be more challenging than some space missions… Keep reading →

135th Meeting Of The Organisation Of Petroleum Countries (OPEC) Conference

Saudi Arabia’s oil minister Ali al-Naimi has not spoken publically since September 11, but when he broke his silence today, the market was left with little evidence regarding Saudi oil policy going forward. Al-Naimi did take the opportunity to shoot down speculation that Opec members were in the midst of a price war. The price… Keep reading →

TIME 100 Gala, TIME'S 100 Most Influential People In The World - Cocktails

 A judge found Continental Resources CEO Harold Hamm owes nearly $1 billion to his wife as a result of their lengthy divorce settlement, one of the largest in US history. Hamm, former Mitt Romney energy adviser, gets to keep his 253 million shares of Continental stock valued at $13.7 billion. He must pay his now… Keep reading →

Life In Riyadh

Increasing domestic Saudi Arabian energy demand bumping up against volumes of oil available for export is an issue Breaking Energy has followed closely, and a new report from the International Energy Agency provides some updated detail on how the kingdom is addressing its energy dilemma. Renewable energy – primarily wind and solar – and nuclear… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

 While oil prices have stabilized for the moment and associated doomsday scenarios have slowed, here’s a detailed analysis of the interplay between various commodity prices and some of the investment decisions petrochemical companies, producers and LNG businesses face. “Indeed, even international buyers of natural gas were aggressively pursuing hub based gas pricing contracts with view… Keep reading →

With AFP Story by Veronique DUPONT: US-E

Marcellus Gas Production Anticipated to Increase, Lead the Nation in November: The State Journal (West Virginia): The U.S. Energy Information Administration’s Drilling Productivity Report, released Oct. 14, revealed that the Marcellus Shale play is anticipated to produce more gas than other reported regions in November. The Marcellus region is expected to produce 16,045 million cubic feet of… Keep reading →

Page 1 of 6812345...68