• 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
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Could Someone Give Me Insights on the Future of Renewable Energy?
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 5 hours e-truck insanity
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 5 days Bankruptcy in the Industry
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days The United States produced more crude oil than any nation, at any time.
Armenia and Azerbaijan Engulfed in Legal Disputes at the Hague

Armenia and Azerbaijan Engulfed in Legal Disputes at the Hague

Armenia and Azerbaijan continue their…

The World's Most Polluted Countries Revealed

The World's Most Polluted Countries Revealed

The air pollution problem is…

News

Angola Overhauls Block Sales Process To Boost Oil Production

Angola Overhauls Block Sales Process To Boost Oil Production

Aug 16, 2018 at 13:27 | Tsvetana Paraskova

Angola’s new President Joao Lourenco continues with reforms aimed at reversing the country’s oil production decline, by creating an agency that will sell and manage oil blocks instead of…

Iran Says German Oil Company Looking To Make Deal Despite Sanctions

Iran Says German Oil Company Looking To Make Deal Despite Sanctions

Aug 16, 2018 at 13:10 | Tsvetana Paraskova

German company ADL and Iran’s Sepahan Oil Company (SOC) have signed an agreement to cooperate in technology transfer in oil and gas industry lubricants, Iranian media report. European embassies…

Rupee Depreciation To Raise India’s Oil Bill By $26B

Rupee Depreciation To Raise India’s Oil Bill By $26B

Aug 16, 2018 at 12:57 | Irina Slav

A cheaper rupee could increase India’s crude oil bill by as much as US$26 billion in FY 2018/19, according to Indian government officials. The currency hit a low of…

China Gas To Boost LPG Imports Threefold

China Gas To Boost LPG Imports Threefold

Aug 16, 2018 at 11:02 | Irina Slav

China Gas plans to increase its annual imports of liquefied petroleum gas from 2.8 million tons to 10 million tons during the next five years as it enters the petrochemicals…

Iraqi Oil Ministry Bans Kurdish Language In Documents

Iraqi Oil Ministry Bans Kurdish Language In Documents

Aug 16, 2018 at 09:30 | Irina Slav

The Iraqi Oil Ministry has banned the use of Kurdish words in official documents, threatening Kurdish employees with lawsuits if they violate the ban, Kurdish media report, citing a…

Ghana Set To Increase Oil Production Capacity In TEN Field

Ghana Set To Increase Oil Production Capacity In TEN Field

Aug 15, 2018 at 17:32 | Julianne Geiger

Tullow’s TEN oilfield will reach full capacity in 2020, according to Tullow’s external affairs director Cynthia Lumor, cited by Reuters. Tullow’s current capacity in TEN (Tweneboa, Enyenra, and Ntomme)…

U.S. Swings and Misses With Latest Offshore Lease Auction

U.S. Swings and Misses With Latest Offshore Lease Auction

Aug 15, 2018 at 16:46 | Julianne Geiger

The latest US auction for offshore leases failed to attract as much interest as many had hoped, with the results mildly superior to the previous auction for offshore leases conducted…

China Shuns U.S. Crude Despite Taking Oil Off Tariff List

China Shuns U.S. Crude Despite Taking Oil Off Tariff List

Aug 15, 2018 at 16:40 | Tsvetana Paraskova

Chinese refiners may have been relieved by Beijing’s decision to remove U.S. crude oil from the list of goods in the latest tariff tit-for-tat with the United States, but…

Iran Oil Minister To Press OPEC On Production Quotas

Iran Oil Minister To Press OPEC On Production Quotas

Aug 15, 2018 at 14:30 | Irina Slav

Iran’s Oil Minister Bijan Zanganeh will attend the September meeting of the Joint Ministerial Monitoring Committee of OPEC and Russia and will probably press his OPEC partners to preserve original…

Kurdish Officials: Iraq, Turkey Can’t Export Kirkuk Oil Without Kurdistan Deal

Kurdish Officials: Iraq, Turkey Can’t Export Kirkuk Oil Without Kurdistan Deal

Aug 15, 2018 at 13:26 | Tsvetana Paraskova

Iraq and Turkey must reach a deal with the Kurdistan Regional Government (KRG) first in order to export oil from the Kirkuk fields in northern Iraq via Turkey, Kurdish officials…

Diamondback’s $9.2B Energen Deal Creates Third-Largest Permian Player

Diamondback’s $9.2B Energen Deal Creates Third-Largest Permian Player

Aug 15, 2018 at 10:15 | Tsvetana Paraskova

Diamondback Energy will buy Energen in all-stock transaction valued at around US$9.2 billion, which will create the third-largest pure play Permian company in terms of production, Diamondback said in…

Sinochem Looks To Sell Refinery Stake Ahead Of $2B Energy Unit IPO

Sinochem Looks To Sell Refinery Stake Ahead Of $2B Energy Unit IPO

Aug 15, 2018 at 09:23 | Tsvetana Paraskova

China’s Sinochem is in advanced talks with state energy giant PetroChina to transfer its stake in an indebted refinery, as the state-run chemicals and oil group looks to sell non-core…

Tesla Faces 3 Lawsuits Over “Funding Secured” Tweet

Tesla Faces 3 Lawsuits Over “Funding Secured” Tweet

Aug 15, 2018 at 09:02 | Irina Slav

Tesla and more specifically its chief executive Elon Musk are facing three lawsuits over an already notorious tweet by Musk, in which the CEO said he was planning to take…

Oil Slumps After API Reports Surprise Crude Build

Oil Slumps After API Reports Surprise Crude Build

Aug 14, 2018 at 15:49 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise crude oil inventory build of 3.66 million barrels of United States crude oil inventories for the week ending August 11, compared to…

Indonesia Wants All Contractors To Sell Their Oil To State Firm Pertamina

Indonesia Wants All Contractors To Sell Their Oil To State Firm Pertamina

Aug 14, 2018 at 15:36 | Tsvetana Paraskova

In its latest ‘resource nationalization’ push, Indonesia’s government is drafting a new regulation that will require all oil contractors to sell their crude oil production to state-held energy firm…

State Firms Boost China’s Oil Refinery Runs In July

State Firms Boost China’s Oil Refinery Runs In July

Aug 14, 2018 at 15:17 | Tsvetana Paraskova

Higher output at state-held refiners boosted China’s oil refining production by 11.6 percent annually in July, but the output was slightly down compared to June as small independent refiners…

Weak Demand Keeps Lid On Russia’s Far East Crude

Weak Demand Keeps Lid On Russia’s Far East Crude

Aug 14, 2018 at 13:04 | Tsvetana Paraskova

Weak demand in China and weakening structure of the Dubai oil futures market have sent the premium for Russia’s Far East ESPO Blend crude grade to the Middle Eastern…

Venezuelan Drivers Brace For More Expensive Gas

Venezuelan Drivers Brace For More Expensive Gas

Aug 14, 2018 at 11:07 | Irina Slav

Prices at the pump in Venezuela will soon catch up with world market ones as the government seeks ways to tackle rampant fuel smuggling that, according to president Nicolas Maduro,…

Goldman, Silver Lake Advice Tesla On Going Private Plan

Goldman, Silver Lake Advice Tesla On Going Private Plan

Aug 14, 2018 at 09:56 | Irina Slav

Goldman Sachs and Silver Lake are the financial advisors to Tesla on chief executive Elon Musk’s plan to take the company private, he said in a tweet. The tweet…

PDVSA To Start Using ‘El Petro’ Next Week

PDVSA To Start Using ‘El Petro’ Next Week

Aug 14, 2018 at 09:02 | Irina Slav

Venezuela’s state-owned oil company PDVSA will start using the local cryptocurrency El Petro for all its transactions on August 20, President Nicolas Maduro said, as quoted by Sputnik. The…

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