Cheap oil has challenged the oil business, but refining has been a bright spot. That's good news for the likes of Exxon and Shell, whose losses at the well have been offset by strong demand for cheap gasoline and other refined products.
Oil majors like BP and ExxonMobil are optimistic that low oil prices are helping them trim fat and right-size their operations. But those savings could come at the expense of oil field service companies like Halliburton and Transocean.
Cheap oil is good news for motorists at the pump, but the price downturn has hurt employment in the once-booming US oil industry – and that has implications for the broader economy.
Arctic drilling is becoming increasingly appealing as sea ice melts, and Russia is planning to use nuclear power to help run ports, coastal infrastructure, and oil and gas extraction.
The US has taken over a two-year chairmanship of the Arctic Council, an international forum consisting of the eight nations that have territory in the Arctic. Up until recently it has been held up as a model of international cooperation.
Low oil prices have hurt production everywhere – including Iraq, where oil revenue is needed to help rebuild after years of turmoil.
India will outstrip China in economic growth this year, according to a new IMF report, due to a recipe of policy reforms, an increase in investment, and lower oil prices.
Five years after the deadly Deepwater Horizon oil spill in the Gulf of Mexico, the Obama administration is out with new regulations on offshore drilling. The hope is to prevent future catastrophe, but environmentalists say offshore drilling still isn't worth the risks to ocean life.
A new analysis outlines how oil prices could remain well below $100 a barrel for the next two decades. But if we have learned anything over the past year, it is that oil markets are highly volatile.
Russia's state-owned gas producer Gazprom has suffered mightily under the weight of western sanctions and the fall in energy prices. And the results are beginning to show.
Iran hopes to bring an additional 1 million barrels of oil per day back online in the coming months if a deal can be signed, a volume that would crush oil prices.
Getting a handle on the Fukushima disaster recovery, let alone permanently cleaning up the site, has been extraordinarily difficult. The problem is the daily flood of rainwater that flows downhill towards the sea, rushing into the mangled radioactive site.
Installed capacity of energy storage is expected to more than triple over the next five years, according to a new report.
Algeria is in talks with other oil producing countries in an effort to reverse the nearly nine-month plunge in oil prices that have take a toll on major energy exporters.
US crude oil output may fall by half this year, according to a projection by the oil cartel OPEC. That goes against what many predict will be a slowdown in production growth – but not an overall drop.
A domestic oil glut helped bring US crude prices inline with the global benchmark. But in the last month or so, the spread between the two has widened again.
Spurred on by high oil prices and an unreliable grid, Nicaragua attracted $1.5 billion in renewable energy investement between 2006 and 2012. Now it gets about half of its electricity from renewable sources.
China’s decision to build nuclear reactors in Pakistan has received criticism for defying international norms on nuclear technologies trade.
While a truly viable and scalable solution to fracking wastewater is not yet at hand, there are several contenders that suggest a breakthrough is just around the corner, writes Colin Chilcoat.