OPEC is all in and will continue to flood the globe with oil in an effort to bury the U.S. shale crude oil producer. OPEC will continue to produce over 30 million barrels a day adding to the globes 2 million barrel a day of overproduction.
JPMorgan Chase & Co. will begin a trial in San Antonio on claims it cheated Texas mineral-rights owners of $681 million, after the parties failed to complete a deal to end the case. Settlement talks continue.
U.S. President Barack Obama announced what he called an historic climate change agreement with Chinese President Xi Jinping that would cut both countries' greenhouse gas emissions by close to a third during the next two decades.
OPEC in its own “World Oil Outlook” reported that the demand for its oil in 2017 may hit only 28.2 million barrels per day, the lowest level since the year 2000 a time before the China economic explosion
One day after Saudi Arabia declared "war" on U.S. crude oil producers by lowering prices in an attempt to dump cheap crude in the United States market, the White House and private oil companies responded.
Anadarko Petroleum Corp. is teaming with private equity giant KKR & Co. in a plan to drill more than 500 wells across East Texas, a step that represents a major expansion in what was once one of the industry’s most prolific regions.