Oil drilling rig in Bakken oilfields of Williams County near Ray, North Dakota.

The pain of the Petro State

How low is too low? Here’s what really happens when the price of oil tanks.

BP remains upbeat despite falling oil prices

BP can’t seem to catch a break. As it struggles with the cost of the 2010 BP oil spill cleanup, it now must confront falling oil prices and declining profits from its stake in Rosneft. Those challenges were apparent on Tuesday when BP announced its earnings, which fell about 18 percent to $3 billion in […]

High Oil Prices Continue To Drive Gas Prices Steadily Upwards

Oil prices tumble again after Goldman slashes outlook

Wall Street gurus see crude falling to $75 a barrel next year before returning to $80 in the medium-term. That’s going to be hard on producer countries who have gotten used to a price of $100 in recent years.