Venezuela’s President Nicolas Maduro, left, listens as CEO of state-controlled Russian oil company Rosneft Igor Sechin speaks during a ceremony for naming a street after late Venezuelan President Hugo Chavez in Moscow, Russia, on Tuesday, July 2, 2013. (AP Photo/Ivan Sekretarev)
As if Venezuela doesn’t have enough problems, its National Assembly is now picking a fight with....More>>>
PetroChina (NYSE: PTR), the Chinese state oil company, presented to Peruvian hydrocarbons licensing authority Perupetro on May 20, 2017, a development plan of Block 58, which is located in the Amazon jungle in the southern Cusco region of Peru (see Fig. 1 below).
According to the plan, PetroChina is to invest $2 billion in the block over the next six years to drill 60 wells, which will start....More>>>
Later this week, the Organization of Petroleum Exporting Countries and Russia meet in Vienna. The cartel and Russia, the largest non-OPEC oil producer, are expected to discuss potentially upping output to take advantage of higher prices.
Year-to-date, oil is one of the best-performing commodities and energy is the one of the top sectors in the S&P 500. The United States Oil Fund (NYSE:....More>>>
&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-924335512&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/924335512/960×0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; He&s;s baaaa&l;em&g;-&l;/em&g;aaack&l;em&g;.&l;/em&g; Former FBI Director, James Comey recently released his tell-all book titled A Higher Loyalty. Comey makes the rounds this month....More>>>
Oil fell slightly today, but watch out: crude at $100 a barrel is on the horizon.
Oil prices steadied Friday but still held above $70 a barrel as traders assess the implications of the U.S. re-instating sanctions against Iran while U.S. oil and producers ramped up domestic drilling.
Oil rigs increased by 10 to 844, according to Baker Hughes (BHGE) . Gas rigs, meanwhile,....More>>>
June 25, 2018: Markets opened lower Monday and the three major indexes sank deeper as the trading entered its final half hour. Trump ratcheted up threats aimed at U.S. trading partners and markets are making everyone share the pain. All but utilities, that perennial defensive sector, and consumer staples. The tech and energy sectors took the biggest hits today and iconic motorcycle maker Harley-Davidson....More>>>
June 15, 2018: Markets opened lower Friday as traders waited for the expected announcement of Trump’s tariffs on certain Chinese goods. The announcement was quickly followed by a Chinese statement that it would retaliate. The Dow index got hit the worst in the sell-off, but the trade war has been telegraphed for at least three months, so most traders were in position. The energy sector was....More>>>
Even though India aspires to sell only electric vehicles by 2030, it still sees gasoline and diesel consumption doubling over that period. The two ideas may not be contradictory.
Electric vehicles will take time to become affordable enough for price-sensitive Indian masses, according to the country’s energy forecaster. During that time, gasoline and diesel vehicles will remain....More>>>
Media coverage about Pengrowth Energy (NYSE:PGH) (TSE:PGF) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable.....More>>>
BP Plc agreed to invest $20 million in a developer of ultra-fast charging for batteries, a technology the oil major believes is key for accelerating the adoption of electric vehicles.
The lithium ion technology developed by StoreDot has the potential to recharge a car battery as quickly as refilling a gas tank, according to a joint statement released on Tuesday. The Israel-based firm’s....More>>>