Brent crude oil prices hit their lowest in more than 11 years on Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply looked set to outpace tepid demand again next year.
The hard question to answer however and one that nobody has gotten right in a very long time is: When will prices find a floor and start to trend up again?
Islamic State is looking at potentially vulnerable oil assets in Libya and elsewhere outside its Syria stronghold, where the militant group controls about roughly 80 percent of the oil and gas fields, a senior U.S. official said.
A Canadian start-up company bottling fresh air from the Rocky Mountains has seen sales to China soar because of rising pollution levels.
Goldman Sachs sees further weakness for oil due to the worsening of already weak fundamentals after OPEC held back from cutting production at its recent meeting.
U.S. oil prices may fall into the $20s if tanks used to store crude start to fill up before producers sufficiently curb output, Citigroup Inc. predicted.
A new report from the Center for a Blue Economy suggests that the southern Atlantic states — Virginia, North Carolina, South Carolina, and Georgia — would see little to no benefit from offshore drilling, while putting a critical piece of their economies and lifestyles at risk.
Surging demand for trucks and SUVs fueled by cheap gasoline is holding back improvements in U.S. fuel economy and greenhouse gas emissions, a government report due out on Wednesday is expected to show.
It lifts the 40-year-old ban on exporting U.S. crude, a long-sought GOP goal.
The big criticism of the landmark Paris climate deal is its lack of enforcement mechanisms. If India keeps burning coal like crazy, it won’t face fines or sanctions. Nobody is going to invade Nigeria if it fails to lower emissions. What the critics don’t understand, however, is that this is a feature, not a bug. How else would you get 195 countries to sign off on it?
