Alaska’s North Slope Oil Reserves Are “Open for Business”
Interior Secretary Ryan Zinke signed an order Wednesday opening up the immense National Petroleum Reserve-Alaska (NPRA) from consideration for energy development. ...
Energy
OPEC to Extend Oil Production Cuts Another Nine Months
The OPEC meeting in Vienna, where the cartel plans to extend oil-production cuts to drive up oil prices is just for show. The...
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Russia, Saudi Arabia Release Trial Balloon: Extend Production Cut by a Year
In a joint statement released on Monday, oil ministers from Russia and Saudi Arabia said the present crude oil production reduction agreement reached...
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North Dakota Oil Production Jumps as Access Pipeline Nears Completion
Hello, Bakken. Goodbye, OPEC. The latest report from North Dakota’s state oil and gas division showed that crude oil production for March is...
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OPEC Increasingly Irrelevant as Cartel Seeks to Extend Output-cut Deal
On May 25, OPEC oil ministers will meet in Vienna to decide whether or not its present oil-output-cut agreement should be extended. Either...
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Keystone XL Pipeline Granted Approval by State Department
It's comforting to note that TransCanada, the owner of the pipeline, still thinks the project is economically viable after all these years of...
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Fitch Knocks Saudi Arabia’s Credit Rating Down Another Notch
With low oil prices hurting Saudi Arabia's ability to pay off its welfare obligations, Fitch Ratings downgraded Saudi Arabia’s credit rating again on...
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Saudi Arabia Losing Influence in Global Oil Markets
A self-imposed economic trap has sprung on OPEC-leading Saudi Arabia, making it apparent that American technology has for all practical purposes ended the...
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Drop in Crude Oil Prices Threatens OPEC and Its Production Cut Deal
OPEC's epic failure to force oil prices higher will end its production cut agreement, and signal the end of the cartel itself. ...
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Crude Oil Price Plummets, Catching OPEC by Surprise
With crude oil prices dropping despite OPEC's best efforts to raise prices, the day may already be here when oil sheiks can no...
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Crude Oil Shortage in Three Years?
Predicting the future for crude oil prices is a hazardous business at best, as the folks at IEA will soon find out. ...
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Coal Making a Comeback, Thanks to Trump
President Trump's aggressive, pro-energy agenda has helped launch a resurgence of the U.S. coal industry. ...
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Saudi Arabia’s Troubles Mount: Public Sale of Part of Aramco Delayed
The Saudis announced in early 2016 that they would take their state-owned Saudi Aramco oil company public in 2017 or, at the latest,...
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OPEC’s Influence Wanes as Members Cheat on Production Cuts
OPEC’s report on how its members are complying with the production-cut agreement hammered out last fall came out on Monday. As expected, it...
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President Trump Signs Executive Actions to Revive Keystone and Dakota Access Pipeline Projects
Trump's executive actions on oil pipelines serve as a "high alert" to his people that getting these pipeline projects approved is a top...
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