Forecast ///

UAE won't let falling oil prices disrupt energy investments

The United Arab Emirates, the fourth-biggest OPEC producer, is sticking with investment projects to boost energy output even after the plunge in oil prices in the past year.

Hurricane Joaquin may threaten East Coast energy infrastructure

Hurricane Joaquin, which strengthened to a Category 4 storm on Thursday, is on track to move north along the East Coast this weekend, potentially bringing torrential rainfall and flooding to the region.

Under current market conditions, Gazprom to strengthen its positions in Asia-Pacific

As part of the Sakhalin Oil & Gas 2015 International Conference, Alexander Medvedev, deputy chairman of the Gazprom Management Committee delivered today in Yuzhno-Sakhalinsk a report entitled ‘Gazprom Group in Asia-Pacific Gas Markets’.

Iran approves model oil contract aimed at ramping up production

Iran’s government approved a new model contract for oil and natural gas projects as it prepares to increase output with the help of foreign investors once international sanctions are lifted.

Plummeting Dutch gas output can't stop European price slump

Plummeting natural gas production from Europe’s biggest natural gas field hasn’t stopped prices sliding to a six-year low at the start of the winter heating season.

Oil rises from two-week low as U.S. output, supply seen falling

Oil climbed from a two-week low amid expectations a government report will show a slowdown in drilling has trimmed U.S. crude supplies -- a sign that the oil glut might finally be shrinking.

Chesapeake cuts 15% of workforce as oil rout deepens

Chesapeake Energy Corp., the U.S. natural gas explorer selling assets to raise cash, plans to cut 15% of its workforce to cope with a drop in commodity prices.

After oil auction snub, Mexico sweetens pot -- but is it enough?

Mexico is sweetening the terms of its next oil-block auction in a bid to avoid a repeat of its failed earlier attempt at opening up the industry. The big question now: Is it enough?

YPF said to cut spending in 2016 as $77 crude disappears

Argentina’s YPF SA will cut spending by as much as 20% next year if a new administration lowers the domestic oil price nearer to international levels.

Senate Democrats unveil energy bill that fosters clean power

Senate Democrats unveiled a bill that would provide more tax credits for renewable energy while killing some tax incentives for oil and natural gas producers.

ConocoPhillips nearing Canadian assets sale

ConocoPhillips, the third-largest North American oil and gas producer, is nearing a deal to sell several Western Canadian assets to various buyers including Canadian Natural Resources Ltd., people with knowledge of the matter said.

Petrobras cuts vessel contracts amid oil rout

Petroleo Brasileiro SA has canceled five platform-supply vessels from two separate contractors as a rout in oil prices and rising borrowing costs force Brazil’s state-controlled producer to deepen spending cuts.

Oil climbs as falling U.S. rig count seen further curbing output

Oil advanced on signs that producers are investing less in drilling, which could take a bigger bite out of falling U.S. crude production.

Oil speculators most bullish in two months as OPEC calls for $80

Hedge funds slashed their bets on falling oil prices, leaving them the most bullish in two months as OPEC called for a return to $80 crude.

U.S. oil price gets closer to global benchmark as glut shifts

U.S. oil prices narrowed their discount to international benchmark Brent as a supply glut in North America abated, even as it grew elsewhere.

Crude below $50 raises doubt in East Africa's oil projects

Kenya and Uganda ended months of debate in August to sign an agreement on an oil pipeline costing almost $4 billion. Finding the money to build it and companies to start pumping crude may be a harder task.

America's shale gas supply caught in its longest-ever decline

Natural gas production from the seven largest U.S. shale deposits will drop for a fourth straight month in October.

PetroChina's slump seen ignoring value of pipeline spinoff

PetroChina Co.’s slump to the lowest in six years may be ignoring the potential value from spinning off its huge pipeline network as part of the country’s energy industry reforms.

Why Putin won't be helping OPEC cut oil production

Few things have more potential to spook the oil market than the prospect of Russia joining forces with OPEC. Speculation that such a move was afoot last month drove crude to its biggest three-day gain in 25 years.

Shale producers clobbered by oil rout face added Iran supply

Shale oil producers already awash in a supply glut face added crude as early as next year after an agreement to ease sanctions on Iran cleared a Senate obstacle.