Oil sank into a bear market as leading OPEC members resisted calls to cut production and instead reduced export prices to the U.S.  More »

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 »

Brent crude futures, used to price more than half the world’s oil, traded near a four-year low Wednesday on speculation that OPEC’s biggest members will refrain from paring output to drain a global surplus.  More »

While I have written posts on Nigeria and regularly referenced Libya in the last half decade on the burrito, I know very little about most of Africa when it comes to energy. So it was interesting to sift through this comprehensive report from the IEA to get a better understanding of some of the broader energy trends underway. Henceforth are my […]  More »

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 »

I love working in this industry: the people are great and I really like working with and around all the technology it implements. That said, I do care about the environment, so I hope the industry will join me in furthering efforts to produce energy in a safe, ethical, and environmentally conscious way.  More »

“What worries us is that some investors will not continue to invest,” United Arab Emirates’ Energy Minister Suhail Al Mazrouei said.  More »

The Organization of Petroleum Exporting Countries could reassert control by cutting output, ceding more market share to U.S. shale oil producers.  More »

Crude is extending losses in a bear market amid signs that global demand isn’t keeping pace with supply.  More »

Transocean lost billions of dollars in the third quarter as it faced sinking demand for offshore rigs and as it wrote down the value of its drilling business.  More »

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 »

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 »