Report: Energy jobs have led economic recovery
The increases in oil and gas industry employment has nearly overtaken the number of all the jobs lost in the last decade, according to a new report More »
Saudis reject talk of OPEC market share war as oil slides
Brent crude futures plunged below $80 yesterday for the first time since September 2010 on concern OPEC is in no hurry to halt a four-month slide in prices. More »
Cheaper gasoline may translate to a boost in holiday spending
For every 1 cent drop in gas prices, Americans save about $3.7 million. More »
Threats to global oil supply still exist, IEA says
The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.
More »
Former NSA chief: Congress must pass cyber laws to protect energy, finance
More than half of the 200 or so cyber-attacks reported to the Department of Homeland Security’s industrial control systems emergency response team have targeted energy companies, and and economic espionage cases have more than doubled in the last 18 months. More »
Halcón to pull back from Tuscaloosa Marine Shale
The decision underscores the wide disparity between the economics of established shale plays and younger ones. More »
Brent oil falls to 4-year low as WTI slides on stockpiles
Crude is extending losses in a bear market amid signs that global demand isn’t keeping pace with supply. More »
ConocoPhillips announces second oil discovery in Senegal
Cairn Energy said initial analysis shows the well has “excellent reservoir sands” with as much as 118 feet of net oil pay. More »
No OPEC output cut this month, Kuwait oil minister says
OPEC members Saudi Arabia and Kuwait have resisted calls to cut output while Libya, Venezuela and Ecuador have asked for action to prevent even lower prices. More »
Russia, China add to $400 billion gas deal with accord
Russian oil firm OAO Gazprom is negotiating the supply of as much as 30 billion cubic meters of gas annually from developments in West Siberia to China over 30 years. More »
Iraqi ambassador says negotiations continue with Kurdistan over oil
Iraq’s ambassador to the United States said Friday that he “sees positive signs” in the recently launched negotiations between Iraq and Kurdistan regarding oil revenue-sharing agreements, among other points of dispute. More »
Output cut talk builds ahead of OPEC Vienna meeting
Here’s how four analysts across Europe and the U.S. see the Nov. 27 meeting playing out. More »
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