Big oil companies are making spending cuts, and rig counts are dropping rapidly, but actual oil production is still at high levels
We will never run out of oil, but we have already run out of cheap oil, no matter what the price is at the moment
200 million gallons of oil were spilled after the Deepwater Horizon oil rig
Tapping the extensive oil reserves in the Arctic has been harder than previously thought
The USW says it “had no choice”
With high decline rates from shale reservoirs, rig productivity has increased but average well productivity has decreased
Russia has succeeded in capturing a larger share of the massive – and growing – Chinese oil import market
'If there are wells having a direct impact on drinking water, we need to shut them down now'
Members of the United Steelworkers union struck the nine facilities on Feb. 1 after negotiations with several oil companies failed
Russia and Venezuela are two of many to be involved in the upcoming changes
More is on the way as Iraq plans on doubling oil exports from its fields in the north near the city of Kirkuk
No one really knows the answer, but the data suggests that prices will find a bottom as soon as this balancing is felt by the market. Or not
Last month, Saudi Arabia pumped 9.5 million oil barrels a day, but uncertainty clouds the future of oil prices
The death of Saudi Arabia’s King Abdullah has momentarily grabbed the world’s attention, but the real story is not that his kingdom matters less than it used to...
Whether it is Abdullah or Salman, the Saudi royal family’s preeminent concern is to ensure the longevity of its petrol kingdom
All the major oil producers may increase output this year
Even the most powerful cannot completely control the agenda at the World Economic Forum in Davos. Here’s what you can expect from this year’s conclave of the...
After all, a failed 2006 Al Qaeda attack on Saudi Arabia’s Abqaiq oil processing facility spiked oil prices by 3.4 percent
Forget lobbying. When Washington, D.C.’s biggest trade associations want to wield influence, they often put far more of their money into advertising and public...
The maximum penalty is down to $13.7 billion