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By Editorial Dept - Aug 07, 2020, 12:00 PM CDT Usually, when Saudi Arabia issues its official selling prices (OSPs) for the upcoming month, all the Middle Eastern crude exporters take notice and follow suit. Yet what happens if the...

By Editorial Dept - Aug 07, 2020, 12:00 PM CDT Active Rigs Fall to Zero in Two Oil HotspotsIn the latest sign of the times, and what very well may be an indicator of things to come, two major oil...

Russia exported 1.078 million tons of fuel oil to the United States last month, equal to more than 7 million barrels, Reuters has reported, citing data from traders and calculations from Refinitiv Eikon.The July total was a 16-percent increase...

The oil and gas industry is overwhelmingly backing U.S. pro-oil President Donald Trump for the 2020 presidential election, compared to the presumptive Democratic candidate Joe Biden, data from the Center for Responsive Politics shows. According to the data as...

China imported 12.08 million bpd of crude oil last month, according to official customs data, which was lower than the record-breaking import rate in June but 25 percent higher than the average for July 2019, Reuters reported.The official data...

Brent Crude prices are set to average $42.35 a barrel this year and $49.25 per barrel in 2021, according to IHS Markit’s latest price forecast, which was raised by $7 a barrel for next year compared to the previous...

BP will sell oil and gas assets to fund its ambitious low-carbon strategy even if prices improve, three unnamed sources told Reuters.A tenfold increase in investments in low carbon businesses to some $5 billion annually is among BP’s new...

How COVID Has Shaped These Two Sectors of The Cannabis Industry   While most investors tend to focus on only a few top pot stocks to watch, they often forget to look at the larger cannabis industry. Although finding a few...

These Marijuana Stocks are Growing at an Incredible Rate   Marijuana stocks have seen a massive amount of growth in the past few years. While this growth has been much greater in the last few months, the overall momentum of pot...

After slashing capex plans for 2020 and idling rigs by the dozen, U.S. shale drillers are still not ready to return to their default state of perpetual growth. Oil is simply too cheap for that, so they are staying...

“The reason renewables can’t power modern civilization is because they were never meant to. One interesting question is why anybody ever thought they could.”Michael Shellenberger, Time magazine “Hero of the Environment,” wrote this commentary in an article in Forbes.According...

Electric vehicle investors and enthusiasts tend to obsess about a single metric--EV sales--when trying to gauge the pace of global electrification. However, they tend to ignore another equally important part of the worldwide electrification drive: The number of EV...

The world’s consumption of natural gas is set to decline by 4 percent this year, but global demand will return to growth after the pandemic, thanks to low natural gas prices and stricter environmental policies, a new report showed...

It’s been a rough year for oil, to say that least. And the worst isn’t over yet. Even though oil demand, and therefore oil prices, have been slowly recovering, that upward trajectory is now running out of steam and...

It has already become crystal clear to analysts and the oil industry that global oil demand will not recover to pre-pandemic levels next year. Some forecasters and top executives at the world’s largest oil companies are not confident that oil...

Pennsylvania more than doubled as of August 1 the fee for all unconventional well permit applications, while shale companies call on state officials to find other mechanisms to fund the oil and gas program of the Pennsylvania Department of...

The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since one very small shipment back in 2002, according to...

Demand for offshore rigs will slump this year as a result of the pandemic and the low oil prices that are forcing offshore operators to delay drilling activities, but the offshore rig industry is set for a comeback in...

When it comes to America's allies in the Middle East, Washington has long "looked the other way" while they recklessly pursue questionable weapons technology. Think Pakistan's nuclear program at a time when the Reagan administration prioritized fighting the Soviets in Afghanistan,...

The world's largest offshore rig operator Transocean has hired Lazard to advise it on strategic alternatives for its capital structure, Bloomberg has reported, citing a company statement.Transocean reported a net loss of $497 million for the second quarter of...