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June 12, 2015
Russia Set to Import Electricity From Finland
Electricity has become so inexpensive in Europe’s Nordic countries that Russia, originally only an energy exporter to the region, will now begin importing power from neighboring Finland as well.
June 10, 2015
Why This California Oil Spill Could Have Been Prevented
Experts say flawed technology and perhaps even human error may have led to the rupture of the pipeline that burst in California last month, spilling up to 2,400 barrels of crude oil onto the Santa Barbara coastline.
June 09, 2015
Seeing Some Success, OPEC Maintains Market Share Strategy
OPEC decided to maintain its oil production limits at 30 million barrels a day rather than change a strategy that the cartel believes has been working to regain market share from shale drillers in the United States.
May 28, 2015
Iran Claims U.S Hackers Tried to Attack Its Oil Ministry
Iran says its Islamic Republic Cyber Police, known as FATA, has successfully prevented attempted cyber-attacks from the United States on its Oil Ministry.
May 21, 2015
Will Oil Return to $80 Per Barrel Without OPEC Production Cut?
A senior Iranian energy official says he expects oil prices to rise to $80 per barrel late next year even if OPEC doesn’t cut production during its impending meeting.
May 12, 2015
More Bad News for North Dakota’s Oil Industry
This hasn’t been a good week for the oil industry in North Dakota.
May 06, 2015
A Potentially Massive Win for Fracking in Texas
Gov. Greg Abbot’s signature is all that’s needed to impose a ban on the ability of Texas’s cities to limit potentially harmful oil drilling practices.
May 04, 2015
The Russian Economy May Be Stumbling Back to Its Feet
The Bank of Russia has cut interest rates for the third time so far this year.
May 02, 2015
Saudi Oil Minister Remains in Place After Shakeup
The leadership shakeup by Saudi King Salman bin Abdulaziz al-Saud completely changed the kingdom's line of succession.
May 01, 2015
Could Russia-OPEC Meeting Lead to a Production Cut?
Russia, clearly worried about the effect of low oil prices on its economy, is sending Energy Minister Alexander Novak to meet with OPEC members just before the cartel meets to discuss production levels.
April 25, 2015
Former BP Chief Sees Oil Price Rebound Soon
BP’s former CEO, Tony Hayward, agrees with OPEC that its strategy of maintaining the oil glut will crush the U.S. shale boom.
April 23, 2015
Are Oklahoma’s Quakes Caused By Wastewater Disposal?
The disposal of wastewater almost certainly is primarily responsible for the recent spate of earthquakes in Oklahoma, according to a state report.
April 23, 2015
Russian Spin Doctors Are in Full Flow Over GDP Drop
The Central Bank of Russia says it expects the country’s economy to contract by up to 4% in 2015 because of lower oil prices and sanctions.
April 20, 2015
OPEC Says U.S. Oil Boom Will End This Year
OPEC says the demand for its oil will rise during 2015 because the cartel is winning its price war against U.S. shale producers.
April 14, 2015
Potential 100 Billion Barrels of Oil Discovered Near London
A small British oil company has found a bonanza of potentially billions of barrels of oil beneath a field near London’s Gatwick Airport.
April 04, 2015
OPEC Earnings Fall With Oil Prices
The 9-month-old plunge in the price of oil combined with a decrease in exports cut into OPEC’s net earnings in 2014, according to estimates by the U.S. Energy Information Administration.
March 29, 2015
Will Pollution Keep the 2022 Olympics Out of China?
With the 2022 Winter Olympics looming, there are only two significant impediments to China’s efforts to host the Games in Beijing: Almaty, Kazakhstan, and the notorious smog that chokes the Chinese capital.
March 25, 2015
No One Likes Obama’s New Fracking Rules
The Obama administration’s new rules on hydraulic fracturing, or fracking, are being denounced by the energy industry as impeding a U.S. oil renaissance and by environmental groups who call them too weak to be effective.
March 24, 2015
Russia’s Finance Minister Says the Worst Is Over
Is the worst over for Russia's economy?
March 05, 2015
This Is Why Warren Buffett Dumped His Exxon Holding
The “Oracle of Omaha,” didn’t say what “other uses” he might have for the $3.7 billion that he’d invested in Exxon Mobil. But he did say why he sold the stock.
March 02, 2015
Why the U.S. Energy Boom Hasn’t Upset OPEC
Is Birol's oil forecast correct now or did he have it right in November?
February 28, 2015
Is OPEC’s Strategy Actually Working?
Saudi Oil Minister Ali al-Naimi, the architect of OPEC’s strategy to regain market share by causing the price of crude oil to plunge, says his plan is working, and data from petroleum research firms seems to back him up.
February 27, 2015
Not Every OPEC Country Can Tolerate Low Oil Prices
Many OPEC members say the cartel may have to call an emergency meeting regarding production and prices because of the damage the collapse of oil prices has been doing to their countries’ economies. But the prospects of such a gathering seem remote.
February 25, 2015
Will US Shale Boom Continue or Have a Hiatus?
The only question that remains is whether the price of oil rebounds, and how soon.
February 22, 2015
OPEC Won’t Regain Strength Until U.S. Shale Production Slows in 2030s
For the immediate future, expect a kind of controlled chaos in the market, BP Chief Executive Bob Dudley said in the introduction to his company’s forecast.
February 21, 2015
Rosneft Spokesman Slams Canadian Oil Industry in Response to Sanctions
So what do you do when a wealthy nation imposes sanctions on your chief – perhaps only – industry? In the case of Russia, the answer is to fling insults.
February 12, 2015
Rosneft CEO Blames OPEC for Oil Market ‘Destabilization’
Russia is seeking observer status in OPEC, but the CEO of Rosneft, its largest oil company, said there is no chance that Moscow would want to become a member.
February 11, 2015
Can Organized Labor Change How the Oil Industry Does Business?
The USW has added 2 more sites to its strike, citing bad-faith bargaining by the companies and even threats against employees.
February 05, 2015
How Russia’s Gas Monopoly Plans to Survive Its Divorce With Europe
As oil companies fret over meager quarterly earnings because of the low price of oil, Russia’s gas monopoly, the government-controlled Gazprom, says it will be increasing its deliveries to Europe during the next three years and is looking to Asia for more opportunities to sell gas and attract investment.
February 05, 2015
Yet More BP Oil Found at Bottom of Gulf
Scientists already have reported finding what they called a 1,235-square-mile “bathtub ring” of oil on the floor of the Gulf of Mexico.