Some OPEC members, concerned about the economic impact of low oil prices, say the cartel may have to call an emergency meeting sooner rather than later. But Saudi Arabia, the most influential member, is likely to veto such an idea.
Opposition to hydraulic fracturing has been very strong in Germany, but the government is flirting with the idea of allowing oil and gas drillers to begin fracking as an answer to energy security issues.
Analyzing the short-term trajectory of oil prices is certainly important, Cunningham writes, but it obscures the fact that over the long-term, oil exploration companies may struggle to bring new sources of supply online.
The spiral of violence in Libya shows no indication of letting up, suggesting things could get much worse before they get better. That lowers the chances that Libya will be able to turn its oil fortunes around.
Japanese engineers have designed a snake-like robot to help inspect the damaged Fukushima Daiichi nuclear plant. The robot will help gather information in preparation of removing the building's radioactive rubble.
With about one-third of European gas coming from Russia – and Eastern Europe’s share is easily double that percentage – the Continent is looking inward to boost its energy security.
Banks financed much of the US oil boom and are now faced with significant challenges as drillers run short of cash. Major, multinational banks are relatively insulated from any shocks, but smaller, regional banks – especially in Texas and North Dakota – are facing a much bigger problem.
Despite a steep decline in oil prices and violence that descended upon Iraq last year, the country is producing oil at record levels.
Spanish oil giant, Repsol, has decided to cancel its highly controversial oil drilling project near the Canary Islands. It comes after a decade conducting tests and amid local protests.
Petrobras, Brazil's state-run oil company, faces bad news on two fronts – low oil prices and a festering corruption scandal.
The thousands of oil wells across the United States are not uniform. The collapse in oil prices is hurting pretty much everyone, but some areas will weather the storm better than others.
The controversial Keystone XL pipeline project crossed a major hurdle when the Senate passed legislation approving its construction Monday. With the bill now well on its way to becoming law, the real question arises: with oil prices so low, is a pipeline needed anymore?
Keystone XL may nab the headlines, but underneath the push to approve the pipeline is an energy policy overhaul with even greater significance: overturning the ban on US oil exports.
Falling oil prices are just one part of a broader commodity super cycle that appears to be ending, but the oil bust has captured the attention of the world in ways crashing coal and copper prices have not. And, for now, it looks like falling oil prices are here to stay.
Without a rise in oil prices, 2015 is looking like a grim year for liquefied natural gas exporters.
Energy firms have been financing new oil production by taking on large amounts of debt. When oil prices averaged over $100, that strategy made sense. But with oil at $50, most indebted firms are suddenly in crisis.
Plummeting oil prices are bad news for much of Canada, which runs its economy largely on oil. But cheap oil has some positive benefits for Canadians, too.
High levels of oil output come at a time when the world is already oversupplied, which is making oil prices tumble. That, in turn, is forcing down the share prices of several of the oil majors.
Oil prices plunged by half in just six months in 2014, and the big question now is what will happen to markets in 2015. Here are the top five factors that will determine the trajectory of oil prices in 2015.
The last six months of plunging oil prices has given many developing countries a window of opportunity to scrap fuel subsidies. This move has attracted opposition from consumers but it could have significant benefits over the long-term.