WTI Crude

Loading...

Brent Crude

Loading...

Natural Gas

Loading...

Gasoline

Loading...

Heating Oil

Loading...

Breaking News:

Colorado Home to Best-Value Frac Wells

When We Can Expect The Next Oil Shock

When We Can Expect The Next Oil Shock

While experts cannot seem to…

Does The U.S. Have A Plan For The Post-Oil Era?

Does The U.S. Have A Plan For The Post-Oil Era?

Saudi Arabia, the world’s largest…

2015 Worst Year For Oil Discoveries Since 1952

2015 Worst Year For Oil Discoveries Since 1952

Following the renewables trend or…

Energy / Crude Oil

Alt Text

3 Years Of Painful Cuts Sets Markets Up For Serious Supply Crunch

May 29, 2016 at 17:15 | Nick Cunningham

Total global oil production could decline for the next several years in a row as scarce new sources of supply come online. According to data from Rystad Energy,…

Alt Text

Chinese Company Makes a Splash in Texas Shale

May 29, 2016 at 17:00 | Irina Slav

Chinese conglomerate Yantai Xinchao has US$1 billion to blow and is looking to buy oil-producing assets in the Permian Basin as it moves aggressively to expand its…

Alt Text

The Crude Crash Has Created Oil’s Technological Superpowers

May 29, 2016 at 16:55 | Omar Mawji

Falling oil prices which started in late 2014 have highlighted an increased emphasis on the cost of producing oil, particularly from shale oil formations in the U.S. With…

Alt Text

U.S. Oil Rig Count Declining Again After Single-Week Reprieve

May 27, 2016 at 15:07 | Charles Kennedy

The oil rig count fell again this week from 318 to 316 after last week’s slight reprieve, coming in at the lowest at any point in time since…

Alt Text

Why Chevron Is Investing $37B In The World’s ‘’Most Difficult Oil’’

May 27, 2016 at 10:28 | Dave Forest

I wrote Wednesday about Australia’s Oil Search making a major $2.2 billion investment in Papua New Guinea natural gas. Noting this as a sign the right projects…

Alt Text

Why Canada’s Oil Sand Producers Will Recover Quickly From The Wildfires

May 26, 2016 at 15:41 | David Yager

Canada’s oil sands producers in the Fort McMurray region are watching the weather to determine if and when they can move the necessary people back to their operations…

Alt Text

Why The Bust For Offshore Drillers Might Last Another 2 Years

May 26, 2016 at 15:30 | Irina Slav

Statoil cancelled a contract for a drillship with Seadrill, which it had intended to use for drilling operations in the Atlantic, near Newfoundland. The cancellation is the…

Alt Text

Niger Delta Militants Take Entire Chevron Terminal Offline

May 26, 2016 at 10:06 | James Burgess

According to Nigerian media, militants used explosives to blow up the Escravos terminals main electricity feed pipeline, rendering the terminal inoperable. Reuters has also reported that it has…

Alt Text

Would Regulated Oil Prices, Argentine-Style, Help U.S. Shale?

May 25, 2016 at 17:27 | Rakesh Upadhyay

U.S. shale oil companies are filing for bankruptcy at an alarming rate, whereas, their counterparts in Argentina are having a gala time. When the U.S. shale oil drillers…

Alt Text

Why Did Saudi Arabia Kill OPEC?

May 25, 2016 at 16:26 | Nick Cunningham

The OPEC meeting is only a week away, but the chances of a positive result are as remote as ever. Rising oil prices, the heightened rivalry between Saudi…

Oilprice - The No. 1 Source for Oil & Energy News