Soaring OPEC exports can’t keep oil from rallying
Oil is carrying on where it left off last week, rallying higher on the low likelihood event of a production freeze by key global producers
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The consequences of Big Oil’s exploding debt
How do you ride out low oil prices and still pay dividends and CEO salaries? You double down on debt, apparently.
Nissan revolution: Could new gas engine make diesel obsolete?
Japanese automaker Nissan Motor Co. has come up with a new type of gasoline engine it says may make some of today’s advanced diesel engines obsolete.
Time to repeal U.S. oil and gas tax breaks
Advocates for reform argue the preferences hinder climate goals and waste $4 billion a year. Defenders of the tax preferences argue that repealing them would decimate domestic oil and gas production, jeopardizing U.S. energy security, jobs, and the economy.
Oil up 4 percent On Saudi rhetoric
Actions speak louder than words. Nope, strike that and reverse it. Rhetoric from Saudi’s oil minister today is emphatically rallying crude prices, as Khalid al-Falih said Saudi would ‘take any action to help the market rebalance’.
For the first time in years the U.S. is importing more oil than it produces
For the first time since January 2014, the U.S. imported more crude oil last week than it produced, thanks largely to a surge in OPEC supply.
EIA: Gasoline prices to fall below $2 a gallon later this year
U.S. gasoline prices are set to fall below $2 a gallon on average in October and stay there through the winter, government forecasters said this week.
Can a North Dakota oil town break the boom-bust cycle?
With gas prices having plummeted, the residents and leaders of Williston are left wondering if their city can turn short-term gains into long-term growth.
For oil companies, $110 billion debt wall looms over next 5 years
The worst may be yet to come for some strained oil services companies as $110 billion in debt, most of it junk rated, creeps closer to maturity.
OPEC ‘smoke and mirrors’ may be all it needs to boost oil
Just the whiff of an OPEC meeting has driven oil prices higher, squeezed shorts in the futures market — and made further inaction by the cartel more likely.
