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U.S. Oil and Gas Boom Poses Challenge to Climate Goals

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Despite renewable energy efforts, the…

Oil Moves Higher on Inventory Draw

Oil Moves Higher on Inventory Draw

Crude oil prices ticked higher…

Energy / Crude Oil

Sluggish Demand Growth Drives Big Oil’s Strategic Decisions

Aug 25, 2017 at 17:25 | Gregory Brew

For oil prices to rise, demand must increase. That’s the gist of a new article from Forbes’ contributor Jude Clemente. Strong demand from East Asia may be weakening, as…

Low Oil Prices Kill Incentive To Develop New Jet Fuel

Aug 25, 2017 at 17:21 | Tsvetana Paraskova

Aviation is one of the very few industries that has collectively committed to long-term global targets to cut emissions. The industry uses several types of alternative jet fuels—mostly biofuels—but three…

Texas Oil Production Remains Strong…But For How Long?

Aug 25, 2017 at 17:02 | Ron Patterson

Dean Fantazzini has provided his latest estimates for Texas Oil and Natural Gas output. (Click to enlarge)Data below…

Saudi Arabia’s Trillion Dollar Gamble Could Be A Bust

Aug 25, 2017 at 16:47 | Editorial Dept

Back in March, Saudi Aramco split from Royal Dutch Shell in a $2.2 billion breakup, leaving the Saudi Arabian government as the sole owner of the largest US oil…

Oil Prices Rise As Texas Braces For Hurricane Harvey Landfall

Aug 25, 2017 at 09:08 | Tsvetana Paraskova

Oil prices rose early on Friday and gasoline futures rallied to a four-month high as Hurricane Harvey makes its way toward Texas and is expected to make landfall at the…

Venezuela’s “Oil Fire Sale” To Benefit Russia, China

Aug 24, 2017 at 15:25 | Kent Moors

Venezuela is now on the brink of total collapse. As you’ve seen before here in Oil & Energy Investor, national oil company PDVSA looms large in this unfolding crisis. The…

Billions In Oil Deals Shield Iran From U.S. Sanctions

Aug 24, 2017 at 15:13 | Tsvetana Paraskova

Since many of the Western sanctions on Iran were lifted early last year, Tehran has been trying to restore its crude oil exports to a pre-sanction level and attract foreign…

Refining King Icahn Seeks Freedom From Pricey Biofuels

Aug 24, 2017 at 12:43 | Jon LeSage

Valero, America’s largest oil refiner, has been conducting a behind-the-scenes campaign to rid refiners of the costly biofuel blends mandate by the U.S. government. Billionaire Carl Icahn, who also heads…

Big Oil Shuts Down Gulf Of Mexico Production Ahead Of Storm

Aug 24, 2017 at 10:27 | Irina Slav

Shell, Exxon, and Anadarko are reducing production in the Gulf of Mexico ahead of a storm that the U.S. National Hurricane Center said yesterday will affect most of the…

Peak Oil Is Not The Same As Peak Demand

Aug 23, 2017 at 13:52 | Robert Rapier

Following my previous article — Peak Demand? No, A New Gasoline Demand Record— I received some interesting feedback from readers. It quickly became apparent that some didn’t understand that…

EIA Spreads Optimism With Double Draw

Aug 23, 2017 at 09:51 | Irina Slav

A day after API’s estimate of oil and gasoline inventories pressured prices, the EIA gave the market cause for optimism by reporting not only a draw of 3.3 million…

The Caribbean Is Poised To Become The Next Major Oil Region

Aug 22, 2017 at 10:39 | Haley Zaremba

In the future, we may be hearing about the Caribbean a whole lot more when talking about oil and gas. Previously, the area was virtually off the map for the…

Is This The First In A Slew Of Megadeals In Oil?

Aug 22, 2017 at 10:24 | Dave Forest

Oil prices have shown some weakness lately. With WTI slipping below $48 per barrel — after briefly topping $50 at the end of July.  But even at that level, crude…

As Compliance Slips, OPEC Decides To 'Reconsider' Output Deal

Aug 22, 2017 at 09:25 | Tsvetana Paraskova

While the oil market is focused on the U.S. inventory draws and crude oil production, OPEC is not letting investors forget the cartel’s jawboning weapon—the ‘deeper/longer cuts’ narrative. Kuwait’s oil…

The Next Oil Price Spike May Cripple The Industry

Aug 21, 2017 at 15:17 | Andreas de Vries & Salman Ghouri

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be…

Colombia Looks At Shale As Oil Reserves Plunge

Aug 21, 2017 at 14:06 | Irina Slav

Colombia’s oil production has been falling for the last four years. It’s not just the 2014 price crash that pressured output: The country’s fields are depleting and new discoveries are…

Brazilian Corruption Charges Could Impact Mexico’s Oil Boom

Aug 21, 2017 at 14:02 | Haley Zaremba

Last year, Brazilian construction firm Odebrecht pleaded guilty to bribing officials in 12 countries to secure high-paying contracts. The firm agreed to a payment of at least $3.5 billion, the…

Libya’s Biggest Oil Field Shut Down As Tensions Rise

Aug 21, 2017 at 12:47 | Cyril Widdershoven

The shutdown of Libya’s Sharara oilfield, the country’s largest field, has once again shown that expected production growth of several OPEC countries should not be taken for granted. Even though…

Canada’s Oil Industry Doomed If Prices Fall Lower

Aug 18, 2017 at 15:46 | Nick Cunningham

Canada’s oil industry has faced a lot of strain lately. The list of oil majors selling off assets and withdrawing from high-cost oil sands is long. ConocoPhillips, Royal Dutch Shell,…

Trump’s Atlantic Drilling Plan May Be A Lost Cause

Aug 18, 2017 at 15:39 | Nick Cunningham

A key public comment period just ended for revising the offshore exploration program along the U.S. Atlantic Coast, and the path forward might not be as smooth as the Trump…

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