Energy

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market's swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. In the...

Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. However, the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the...

A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory. With a bear market back, there is pessimism throughout the oil markets....

Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah's billions of barrels of oil sands....

With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to the already rising global supply glut. The economic crisis in...

Since the 1970s, nuclear power has provided cheap, stable and clean electricity that has fuelled South Korea’s rapid economic growth. Currently, 23 nuclear power plants with a total capacity of 21 gigawatts of electric energy are generating 27 percent of...

Oil companies continue to get burned by low oil prices, but the pain is bleeding over into the financial industry. Major banks are suffering huge losses from both directly backing some struggling oil companies, but also from buying high-yield debt...

Oil prices fell from the middle of last year through mid- to late-January.  They have been broadly sideways since.  The April light sweet futures contract has been in a $48-$55 range.  The April Brent contract traded in a $55-$60 range in...

Japanese politics was dominated by energy in the wake of the disaster of 11 March, 2011. The decision to shut-down all the remaining 48 nuclear units introduced real concerns of brownouts, previously unthinkable in Japan’s gold-plated power system. The parliament...

Readers of the Financial Times would have recently encountered a story that encompasses the paper’s version of bad/good news when it comes to the oil business. According to the author Daniel Yergin, the bad news is that several major oil...

Two years after the Fukushima Daiichi nuclear disaster, Russia is planning the construction of a new line of floating nuclear power plants that could power remote and arid areas of the country, but could also have dire consequences for the...

Most, if not all, wars have been trade wars connected with some sort of material interest. As geopolitical risks multiply and conventional energy reserves decline, could the accelerated development of renewable energy prove to be the only way to avoid...

Many investors believe that global oil production would start to decline from 2014-15, a prediction based on the so-called peak oil theory that the world demand for oil would soon outstrip supply and send oil prices through the roof. For...

Junior oil companies may not have the reach, nor the resources, of major oil firms, yet some still manage to turn up massive profits – thanks to the economic principle that the management of small oil & gas properties are...

Growing environmental concerns has meant that oil and gas pipelines are no longer being built as rapidly as they used to be. A new remote-sensing technology, with research beginning in space, however aims to detect dangerous leaks in pipelines quickly...