Iraq’s rapidly expanding oil production is likely to complicate OPEC’s efforts to influence world prices as the country re-emerges as a major player after 20 years on the sidelines due to sanctions and strife. More »
Wyoming’s top regulator of oil and gas development has resigned after he remarked at a conference that greed and desire for compensation motivate people who assert that hydraulic fracturing has contaminated their groundwater. More »
While agreeing to hold the output target steady, however, the statement suggested that OPEC ministers were ready to come together on short notice if prices fell to levels dictating a production cutback. More »
Stock in cash-strapped Chesapeake Energy Corp. is currently up 11 percent over the last month, with investors showing mild optimism after several recent company changes in response to widespread criticism. More »
Iran’s oil minister on Thursday shrugged off the tightening international squeeze on his country’s oil exports, declaring that Tehran was not feeling the pinch and warning that an energy-hungry world could not do without Iranian oil and natural gas. More »
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