Investment firm Goldman Sachs has even bearishly predicted $55 per barrel in 2020. With OPEC unwilling to reduce its production levels, and a worsening economic crisis in Greece , the near term outlook
(Calin Tatu/Shutterstock) Fracked wells require more than 18 times the amount of water they used to, a new USGS study found July 1, 2015 3:57pm (UTC) Those who laud fracked natural gas as the Great Green
Exclusive analysis: someone dies about every six weeks from an accident in the Bakken oil fields. And big oil largely wrote the rules governing their own accountability. The Bakken oil boom has been a
NEW YORK (Reuters) - Oil slid on Friday for a second day, giving back more of the week’s gains as investors took profits on worries that higher Saudi Arabia output would feed the global supply glut. A
Alberta's oil sands producers have suffered another hit to their reputation, as a group of prominent scientists and academics called for a moratorium on further development due to environmental concerns.
About 1,500 billion tonnes of heat-trapping carbon gas are estimated to be locked in permafrost, which is thawing as the climate warms, according to new research. Releasing the carbon will create a vicious
The 12-nation Organization of Petroleum Exporting Countries (OPEC) switched its production strategy in November in order to push down prices and hurt high-cost US shale producers, who need elevated prices
The Kremlin announced in April it had begun to implement the deal, in which Iran would export up to 500,000 barrels per day (bpd) of crude oil to Russia in exchange for goods of an equivalent value, but