Oil prices will stay at $64 per barrel for six or seven months unless OPEC changes its production policy or the global economy recovers, according to the chief executive of Kuwait's state-run oil company.
The US could fight back in an oil prices war with OPEC by employing one simple, big move. But, I can confidently predict that the country will not do it. Why? Because it involves a tax, a tariff actually.
Surging US oil production and plummeting oil prices has ignited a debate over a decades-old ban on US crude exports. It's an issue that will get increasing attention in a GOP-dominated Senate next year.
Oil companies are still drilling in the United States despite a supply gut causing the drop in oil prices. It defies predictions that drilling, much less exploration, would decline because of collapsed oil prices.
During an appearance on the Colbert Report, President Obama tip-toed around his position on the controversial Keystone XL pipeline. Republicans are likely to push Obama to approve the pipeline when they control the US House and Senate next year.
Ukraine has sent $378.22 million to Russia as advance payment for natural gas supplies. The payments and the flow of gas come just in time, as wintry weather settles on Ukraine.
New oil projects are being scrapped in Norway amid falling production and low oil prices. Despite efforts to diversify, Norway’s economy is overwhelmingly dependent on oil, which accounts for more than half of the country’s exports.
Moscow cancels the South Stream pipeline; More global actions put downward pressure on oil prices; Climate talks in Lima come amid progress on emissions. Catch up on global energy with the Monitor's Recharge.
Like many big utilities, NextEra is looking at strategic mergers that offer a business advantage. Its $4.3 billion deal to buy Hawaiian Electric will give it important experience dealing with distributed renewable energy.
A rosy outlook for clean energy now takes on an air of uncertainty as renewables look to avoid becoming a casualty of an era of low oil prices.
Energy could provide fertile ground for bipartisan compromise in the next Congress, two former Senate majority leaders and the head of a think tank said at a Monitor breakfast Thursday. That could mean legislative action on anything from Keystone XL, to energy efficiency, to oil exports.
Technology is making it possible for the energy industry to produce more natural gas and do it in a cleaner and more efficient way. It’s why the United States leads the world in carbon and other emissions reductions.
Plummeting oil prices seem like good news for US consumers, who are paying less at the pump than they have in four years. But cheap crude has its drawbacks – from undermining domestic oil production, to discouraging investment in new energy sources.
Oil prices have plunged in recent months, which is bad news for energy firms who have relied heavily on debt to finance their operations. Amid low oil prices, could a shakeout of the oil industry spark a broader financial crisis?
The cancellation of South Stream, a proposed gas pipeline to Europe from Russia, comes amid fraying ties between two critical centers of energy supply and demand. It's the clearest signal yet that Russia's grip on European energy markets is slipping.