Oil and Gas Industry Bets on Low-Cost Quick-Pay Exploration
Oil and gas companies are looking to get the most bang for their buck in exploring for hydrocarbon resources.Those lucky enough to have made an early bet on what are now the huge frontier plays, such as Guyana, are seeing exploration expenditures and …
Oil Prices Drop to Lowest Level Since Pandemic as Trade War Accelerates
Crude oil prices slumped to their lowest level since 2021 after the U.S. announced a fresh 50% tariff for Chinese imports following Beijing’s refusal to withdraw its retaliatory 34% tariffs announced in response to Washington’s imposition of a 34% t…
Oil Price Slump, Tariffs Hit Oilfield Services Sector
Oil prices dropped off a cliff last week after President Trump announced a barrage of tariffs on global trading partners, triggering panic in the trading world. The effect has now rippled across the energy industry, set to discourage production growth…
Despite Trump’s Crackdown, Venezuela Still Has Buyers
It is 3 April, so any country buying Venezuelan oil must face a 25% tariff on all its trade with the United States. That is according to President Donald Trump’s executive order signed on 24 March. The White House has also ordered companies with sanc…
One in Five Refineries Faces Shutdown Despite Rising Fuel Demand
Refineries are switching to biofuels or shutting down due to hostile regulations—but demand for oil products is growing. This could result in either a market imbalance that will make these products more expensive or a geographical imbalance, which th…
The Real Reason Putin’s Offer Was Too Good for Trump To Refuse
The Western news media on the US/Russia relations is almost always so far behind the curve, that it’s a miracle they’re still in the game.Anyone who follows the issue closely knows that the deal between the US and Russia to end the war in Ukraine ha…
Kazakhstan Is Taking Big Hits As Trump and Putin Feud
Over the past few weeks, the Trump administration has attempted to broker a peace deal between Russia and Ukraine, offering a glimmer of hope that the 3-year war could soon come to an end. The U.S. has held separate meetings with Russian and Ukrainian…
India Set to Tap Vast Oil Reserves With Multi-Billion Dollar Investments
Amid concerns over U.S. President Donald Trump’s hard-hitting tariff policy, diversified Indian financial services company Motilal Oswal has suggested that India could strengthen its domestic industries and ramp up local production. Trump has a histo…
U.S. Oil and Gas Rig Count Rises Slightly Despite Uncertainty
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, following a period of no change in the prior week.The total rig count in the US rose by 1 to 59…
Global Oil Demand Robust Despite Tariff Chaos
Oil prices rallied on Wednesday after U.S. government data showed a draw in fuel inventories. Brent crude for May delivery gained 1.6% to trade at $71.98 per barrel at 12.30 pm ET while the comparable WTI contract climbed 1.8% to change hands at for …
American Oil Is Underhedged and Heavily Exposed
Hedging is a popular trading strategy frequently used by oil and gas producers, airlines and other heavy consumers of energy commodities to protect themselves against market fluctuations. During times of falling crude prices, oil producers normally us…
U.S. Coal Ash Landfills Hold Enough Rare Earths to Boost Reserves Eightfold
Since the days of President Jimmy Carter and the 1970s oil crisis, the United States has relentlessly pursued the utopia of energy independence. One of Trumps many "Unleashing American Energy" directives requires the Secretary of the Interio…
Harold Hamm: ‘Drill, Baby, Drill’ Needs $80 Oil
U.S. shale needs much higher oil prices than $50 per barrel, and even higher than the current WTI Crude price in the high $60s, for a “drill, baby, drill” boom, oil tycoon and Trump campaign donor Harold Hamm says.American producers, especially thos…
Oil’s Oversupply Spiral: Can Prices Stay Above $60?
The International Energy Agency just threw a bucket of ice water on oil bulls, reporting that crude supply is outpacing demand by 600,000 bpd and slashing its demand outlook for the year. And the IEA isn’t alone. The world’s biggest oil traders are …
Saudi Aramco, IEA Chiefs Clash In Houston Over The Future Of Oil
With the CERAWeek 2025 conference in Houston drawing to a close, C-Suite executives, ministers and top officials have weighed in on the trajectory of the global oil and gas sector with experts debating whether tariffs, trade, and competition will repl…
Hedge Funds Turn Bearish on Oil, Bullish on Natural Gas
Traders haven’t been this bearish on oil in months or so bullish on U.S. natural gas in years. The latest data on money managers’ positioning in the WTI and Brent crude and U.S. natural gas futures showed two contrasting trends—speculators are bett…