When a severe, unseasonal cold snap gripped Bordeaux vineyards in late April, winegrowers sprang into action. They set fires in thousands of oil drums, positioning them carefully between the rows of budding grapevines in southwest France. Show More Summary
According to data from Reuters, Brent crude was trading around 0.9 per cent lower late morning in London at just over $53 a barrel. The White House said that it plans to sell off half of the 688 million-barrel oil stockpile from 2018 to 2027, in a bid to raise $16.5bn to help balance the budget. Show More Summary
A painting by Jean-Michel Basquiat just sold for the highest price ever paid at auction for a work by an American artist: a whopping $110.5 million. The 72-by-68-inch acrylic and oil stick “Untitled” painting of a skull by the late one-time...Show More Summary
Though it seems we've all been hearing about essential oils more and more lately, they've actually been around for centuries and have even been said to date back to King Tut's tomb. If you're new to essential oils, you are in luck! Here's the scoop on some of the most popular oils and how to use them.
In late 2015 and early 2016, as oil crashed, a curious divergence emerged: as crude was dropping, junk bonds crashed with a far greater beta to the drop in the underlying commodity than equities, which remained persistently sticky, stubbornly refusing to drop to a "fair value" implied by oil. Show More Summary
Teslarati: New Anti-Tesla Site by 'Oil Barons' Is Absolutely Hilarious Serial tech entrepreneur and Tesla CEO Elon Musk has been the subject of much criticism over the last 6-months since joining President Trump’s Business Advisory Council. Show More Summary
Original oil paintings by noted African-American artist Henry O. Tanner (1859-1937) and Rex Goreleigh (1902-1986), plus a late 19th century table by the renowned Philadelphia furniture company A. & H. Lejambre, are just a few of theShow More Summary
Bernie Fuchs was a living legend when I entered the illustration world in the late 1970s, best known for the golden, glowing effect of his oil rub-out technique.What I didn't appreciate until later was Fuch's versatility. He painted in various media and styles, always with arresting approaches to color, composition, and viewpoint. Show More Summary
A few comments from Steven Kopits of Princeton Energy Advisors LLC on May 5, 2017:• Total US oil rigs added 6 to 703, all of it in the Permian• US horizontal oil rigs were up 6 to 598, tied for the second smallest gain since late January•...Show More Summary
HAVE YOU HUGGED A FRACKER TODAY? Oil Forecast to Fall Sharply if OPEC Doesn’t Extend Production Cuts. Oil markets have largely priced in an extension to the deal struck between OPEC, Russia and other producers late last year. If that deal isn’t extended, prices could drop below $40, a level not seen for over a […]
Crisis-ridden Venezuela received a bit of good news Monday when the US Supreme Court ruled against an American oil firm whose equipment was expropriated under late president Hugo Chavez. In a unanimous decision, the court rejected the...Show More Summary
Oil prices are falling after mixed inventory data from the U.S., with both the U.S. and global benchmarks slipping 2% to their lowest prices since late March. Brent crude fell 2.01% to $50.78 a barrel on London’s ICE Futures exchange,...Show More Summary
In the Gulf of Mexico, which accounts for 17% of U.S. crude oil production, appetite for drilling is ticking up amid President Trump’s drive for energy deregulation. In late March, the Department of Interior auctioned off over 900,000 acres of leases in the Outer Continental Shelf of the Gulf for $275 million, up from $156 million last year. Show More Summary
Saudi Arabia has had a rough go of it as of late. The oil crash, which occurred from June 2014 until February 2016 and shaved off about 75% off the price of oil, has wreaked havoc on Saudi Arabia's economy. Economic growth during the first quarter of 2016 grew at a 1.5% annualized rate, which was the weakest since 2013. Show More Summary
A recently signed executive order by our glorious Orange Julius has directed the Secretary of the Interior to reconsider rules limiting energy production in our National Parks. Mother Jones: In late March, President Trump signed hisShow More Summary
A BP oil and gas well in Alaska blew out late last week, uncontrollably spilling crude oil and gas just around 60 miles away from the Arctic National Wildlife Refuge. The well was out of control through the weekend. The Arctic oil spill happened just days before the seven year anniversary of the Deepwater Horizon disaster.[...]
(Reuters) - Alaska officials reported an oil leak from an underwater pipeline late on Saturday that was within habitat designated as critical for endangered Cook Inlet beluga whales.
No wonder OPEC has been feeling so nauseous lately.
Oil prices fell to four-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. The American Petroleum Institute said late Tuesday that U.S. Show More Summary