• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 26 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 18 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy

U.S. Oil Producers Becoming Increasingly Self-Destructive

May 05, 2017 at 14:30 | Dan Dicker

It’s absolutely maddening watching the first quarter results float in from the large cap energy companies. And the one image I continue see in my mind that I can’t shake…

OPEC Is Not What It Was But Can Still Be An Influence

May 05, 2017 at 14:29 | Martin Tillier

Conventional wisdom among those that follow energy markets and oil in particular is that OPEC is not what it once was. For a few decades the cartel of oil producing…

Oil Majors See Cash Flow Improve Amid Tighter Crack Spread

May 05, 2017 at 14:26 | Editorial Dept

Friday May 5, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Global Energy Advisory 5th May 2017

May 05, 2017 at 14:22 | Editorial Dept

Politics, Geopolitics & Conflict • North Korea is using its state news agency to lash out at China for media reports suggesting Beijing might want to take a tougher stance…

Hedge Funds Pull The Rug Out From Under The Market

May 05, 2017 at 14:19 | Jim Hyerczyk

June crude oil futures plunged on Thursday and closed in a position to do further damage to the charts as investor worries over the global supply glut essentially wiped out…

The Herd Theory: Why Oil Prices Tanked This Week

May 05, 2017 at 14:19 | SCS OTC Corp

-We’re viewing this week’s flat price damage as a function of bullish frustrations and momentum chasing rather than new bearish fundamental revelations. In short, we think the market became impatient…

Oil Prices Crash And Rebound After Technical Selloff

May 05, 2017 at 14:11 | Tom Kool

Oil prices crashed on Thursday before bouncing back in trading on Friday, suggesting that the crash was due more to a technical selloff rather than disappointing fundamentals.Friday, May…

16th Straight Build In Oil Rig Count Increases Pressure On Oil Prices

May 05, 2017 at 12:37 | Julianne Geiger

The number of active oil and gas rigs in the United States rose by 7 on Friday, according to oilfield services provider Baker Hughes, delivering a severe blow to oil…

Oil Prices Turn Corner After WTI Dips Below $45

May 05, 2017 at 10:01 | Irina Slav

After passing the ever-important psychological US$50-a-barrel threshold in a downward direction earlier this week, international benchmarks continued their slide on Tuesday, with Brent crude hitting a new low of

Why Are The Oil Markets Crashing?

May 04, 2017 at 14:08 | Nick Cunningham

WTI and Brent continued to tumble on Thursday, dropping to their lowest levels since the announcement of the OPEC deal back in November. Brent actually dipped below $49 per barrel,…

Tech Breakthroughs May Save Deepwater Oil

May 04, 2017 at 14:03 | Tsvetana Paraskova

Deepwater drilling was more deeply wounded by the oil price crash than conventional and shale onshore drilling. As the global oil and gas industry is slowly turning the corner, it…

The Oil Crisis: An Ice Cream-Flavored Asteroid?

May 04, 2017 at 14:00 | Irina Slav

Once energy executives start waxing lyrical about an otherwise unwelcome event or development, it’s clear that this event or development has lost its destructive effect. In the case of oil…

Is The U.S. Oil Patch A Value Trap?

May 04, 2017 at 13:47 | Rakesh Upadhyay

While the S&P 500 is up 6.49 percent, year to date (YTD), it has not brought any cheers to energy investors. Energy investors continue to see their investment bleed,…

Russia Inclined To Extend Output Cut Deal With OPEC

May 04, 2017 at 13:32 | Tsvetana Paraskova

Russia is ready to extend the oil cut deal with OPEC and is inclined to believe that an extension is reasonable, TASS news agency quoted Russian Energy Minister Alexander Novak…

Oil Prices Crash To Pre-OPEC Deal Levels

May 04, 2017 at 10:46 | Tsvetana Paraskova

Oil prices dropped on Thursday to their lowest level since last November, with Brent breaking below $50, amid concerns of rising global supply and still high inventories. At 11:22am EDT,…

Iran To Raise Oil Output At Oil Field It Shares With Saudi Arabia

May 04, 2017 at 10:15 | Irina Slav

The Iranian Offshore Oil Company will increase production at the Foroozan oil field, which Iran shares with Saudi Arabia, by 12,000 barrels daily, the company’s executive director told Iranian…

Kuwait Sees $80 Oil By 2020

May 03, 2017 at 14:44 | Tsvetana Paraskova

A number of oil executives, analysts, and international agencies have been warning that the oil price crash and resulting slashed investments across the board would lead to a much tighter…

Trump Flirting With The Idea Of A Federal Gasoline Tax Increase

May 03, 2017 at 14:42 | Nick Cunningham

U.S. President Donald Trump flirted with raising the federal gasoline tax this week, raising eyebrows by showing an openness to tackle a problem that has scared away politicians from both…

Big Oil Is Making Enormous Efficiency Gains

May 03, 2017 at 14:37 | Irina Slav

Efficiency and costs are the two magic words of the oil industry today. While just a few years ago the top priority was production growth, followed by more production growth,…

French Oil Giant Total Earning Like It's 2014

May 03, 2017 at 14:35 | Nick Cunningham

Profits are finally on the rise again for the oil majors. Big Oil reported its best quarter in years, a sign that the industry is on the upswing even though…

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