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Just How Big Is The Oil Market?

Just How Big Is The Oil Market?

Oil is utilized in nearly…

Have Oil Markets Reached A Turning Point?

Have Oil Markets Reached A Turning Point?

Oil prices hit their highest…

Energy / Crude Oil

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Kenya Must Get it Right With Oil

Apr 11, 2012 at 17:08 | Daniel J. Graeber

Last month, Kenya declared that oil was discovered off its coast for the first time. Nairobi expects explorers to invest at least $40 million in the country and dozens of…

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What Happens if Iran Doesn't Back Down?

Apr 05, 2012 at 17:11 | James Hamilton

If an embargo is successful in preventing Iran from selling a significant amount of oil on the world market, what would replace it? On Friday the White House released…

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Why the US Cannot Extract Most of its Oil Reserves

Apr 04, 2012 at 17:14 | The Oil Drum

People are often confused about the overall extent of U.S. oil reserves. Some claim that the U.S. has hundreds of billions or even trillions of barrels of oil waiting to…

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In Major Policy shift, Turkey to Buy Libyan Crude to Replace Iranian

Apr 03, 2012 at 17:38 | John Daly

Washington’s attempts to corral recalcitrant nations to support increased sanctions on Iran by boycotting their oil exports have seen a number of countries effectively ignore the U.S. pleas, including China…

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FARC Steps Up Attacks on Colombian Energy Infrastructure

Apr 02, 2012 at 17:12 | Jen Alic

After a lull since 2008, the Revolutionary Armed Forces of Colombia have resumed attacks on Colombia’s oil infrastructure, launched 14 attacks this year alone on a major pipeline run by…

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A New Industry to be Born from the End of North Sea Oil

Mar 29, 2012 at 18:23 | Stuart Burns

It may be small by global standards, but Britain’s oil and gas industry has far greater significance than its size suggests. Apart from providing a global oil price benchmark —…

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South Sudan Runs out of Time for Oil Transit Alternatives

Mar 28, 2012 at 18:37 | Jen Alic

Ongoing border and oil disputes and the halting of oil production by South Sudan has led to renewed clashes between Khartoum and Juba, the specter of another war and the…

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Did Libya's Oil Bubble Burst Already?

Mar 28, 2012 at 18:32 | Daniel J. Graeber

Libyan crude oil production has witnessed a notable uptick since major combat operations ended last year. In mid-2011, at the height of the international conflict, it looked as if the…

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New Oil Sands Pipeline is More Carbon Friendly than Shipping

Mar 28, 2012 at 18:14 | Brian Westenhaus

It didn’t take long for the oil industry to go to Plan B to get the massive new supplies of Bakken Formation oil in North Dakota and the Canadian…

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Kenya Strikes Oil: New Regional Potential and Security Concerns

Mar 27, 2012 at 18:04 | Jen Alic

Kenya has announced its first oil discovery and is already discussing plans for the drilling of four exploratory wells this year in a development that portends a new future for…

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