Pope Francis Visits Assisi

In a historic presentation to Congress, Pope Francis urged lawmakers on Thursday to take “courageous actions” on global warming, poverty and the refugee crisis. “I am convinced that we can make a difference and I have no doubt that the United States—and this Congress—have an important role to play,” the pope said in his prepared… Keep reading →

Tanker Carries Shipment Of Post War Oil From Iraq

There has been plenty of volatility in the oil price this year, but the general direction of travel has been only one way – down. After a close to 6 percent rise in the WTI oil price to $47.15 on Wednesday, traders are increasingly optimistic that oil may have hit its lowest level of the… Keep reading →

Kuwait Promises To Increase Oil Production In Case  Of War

Mark the date on your calendars: Aug. 28, 2018. That’s when Saudi Arabia goes broke. Or at least that’s the date according to one model of the oil-rich nation’s reserves, crude production and the price of oil. If crude stays around $40, America’s Middle Eastern ally will run out of money on that date. Obviously,… Keep reading →

Oil Prices Fall To Lowest Level In Four Months

A huge move for oil could be on tap Monday afternoon, when an unusually high level of activity in September options contracts could set the stage for a vicious rally. Options on the September crude oil futures contract expire Monday at the 2:30 p.m. ET settlement. And those derivative contracts have been very popular, with… Keep reading →

Domestic Oil And Gas Production

Big oil has lost big money for investors. In the past year, as crude prices have fallen more than 55 percent, the nine biggest Western oil companies have shed a combined $400 billion in market cap, according to data pulled by FactSet. But despite the staggering decline, one expert sees rare opportunity in the space.… Keep reading →

'A World Without Petrol' Art Exhibition Launches In Sydney

Americans are not spending much of the money they’re saving at the pump. Some benefit in home prices and employment have come to areas with long commutes, but effects on retail spending have been “more ambiguous,” according to an analysis from Goldman Sachs economists. “Our view has been that the boost to real incomes from… Keep reading →

Boom Goes Bust: Texas Oil Industry Hurt By Plunging Oil Prices

Oil producers have shown reluctance to draw down supply while societies have yet to find a universal replacement for oil, which will keep prices lower for the immediate future, one energy investor said Wednesday. “I think it’s still early days and we have more pain coming,” said Gregory Beard, global head of natural resources at… Keep reading →

Oil pumps in operation at an oilfield ne

The massive selling in Chinese stocks is stoking fears that the government there may be losing control of its carefully managed economy, said Dan Yergin, a leading expert in international politics, energy, and economics—a prospect that’s pressuring oil prices. “We are seeing a panic in China. It goes back to 2008, when it always seemed… Keep reading →


Google is rolling the dice on Alabama. (Tweet this) The Internet and technology giant plans to build a new data center in the state at the site of a former coal-fired power plant. In a blog post Wednesday, Google said the center—its 14th globally—will repurpose the plant’s existing infrastructure to run on renewable energy. Google… Keep reading →

A close-up on a screen shows the last si

Oil prices will remain below the psychologically important $100-a-barrel mark until at least 2025, according to a draft report by the Organization of the Petroleum Exporting Countries (OPEC), seen byThe Wall Street Journal. In its most optimistic scenario, OPEC, which represents 12 oil-producing countries, forecast that oil will sell for around $76 per barrel in… Keep reading →

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