• 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
  • 1 min GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days If hydrogen is the answer, you're asking the wrong question
  • 6 hours How Far Have We Really Gotten With Alternative Energy
  • 10 days Biden's $2 trillion Plan for Insfrastructure and Jobs

News

TransCanada Allowed To Increase Pressure Of Keystone

TransCanada Allowed To Increase Pressure Of Keystone

May 04, 2018 at 09:06 | Irina Slav

The U.S. Pipeline and Hazardous Materials Safety Administration has lifted a pressure restriction on the Keystone pipeline introduced in November after a leak, a spokesman for the authority told…

Platts: Venezuela’s Oil Production Is Set To Fall Further

Platts: Venezuela’s Oil Production Is Set To Fall Further

May 03, 2018 at 17:39 | Julianne Geiger

Venezuela’s crude oil production is set to fall further in the coming months, up to another 200,000 barrels per day, according to a source inside Venezuela’s oil industry, according to…

BP Might Buy Some BHP Billiton U.S. Shale Assets

BP Might Buy Some BHP Billiton U.S. Shale Assets

May 03, 2018 at 17:29 | Tsvetana Paraskova

Supermajor BP is studying some of the onshore U.S. shale assets put up for sale by BHP Billiton, as the UK giant looks to more shale exposure, Bloomberg reported…

Libya Withholds Total’s Share Of Waha Oil Over Deal Dispute

Libya Withholds Total’s Share Of Waha Oil Over Deal Dispute

May 03, 2018 at 17:24 | Tsvetana Paraskova

Libya’s National Oil Corporation (NOC) has been withholding the share of crude oil that is due Total over to an ongoing dispute over the French company’s recent acquisition of a…

Saudi Arabia’s Private Non-Oil Growth Lowest In 9 Years

Saudi Arabia’s Private Non-Oil Growth Lowest In 9 Years

May 03, 2018 at 17:10 | Tsvetana Paraskova

Saudi Arabia’s private non-oil sector grew at its slowest pace in at least nine years, as it continues to feel the pinch of the government’s austerity measures in response to…

Alberta Turns To Trains To Move Its Crude

Alberta Turns To Trains To Move Its Crude

May 03, 2018 at 15:38 | Irina Slav

Alberta will discuss shipping more crude oil by rail across province borders with railways companies, Energy Minister Margaret McCuaig-Boyd told media in Calgary. The talks will begin tomorrow, with…

Exxon Proceeds With Russian LNG Project Despite Sanctions

Exxon Proceeds With Russian LNG Project Despite Sanctions

May 03, 2018 at 12:31 | Tsvetana Paraskova

Despite the fact that ExxonMobil has been forced to withdraw from some joint projects with Russian oil giant Rosneft due to the sanctions on Russia, the U.S. supermajor is proceeding…

Tesla Posts Record Revenue, Loss

Tesla Posts Record Revenue, Loss

May 03, 2018 at 09:30 | Irina Slav

Tesla booked higher than expected revenues and lower than expected operating losses for the first quarter of the year, leaving analysts confused again as to the future of the company.…

OPEC Production Cuts: Is Russia Complying?

OPEC Production Cuts: Is Russia Complying?

May 02, 2018 at 18:15 | Tsvetana Paraskova

Russia’s oil production held onto an 11-month high in April, flat compared to March and above its quota under the OPEC/non-OPEC deal for a second consecutive month, according to…

IMF Issues Censure Against Venezuela

IMF Issues Censure Against Venezuela

May 02, 2018 at 18:02 | Julianne Geiger

The International Monetary Fund threatened to bar Venezuela from voting on IMF policies after the Latin American country failed to provide IMF with the economic data it has requested, the…

100 Offshore Projects To Be Sanctioned In 2018

100 Offshore Projects To Be Sanctioned In 2018

May 02, 2018 at 17:53 | Rystad Energy

The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects…

Tesla Faces $2 Billion Lawsuit From Semi-Truck Start-Up

Tesla Faces $2 Billion Lawsuit From Semi-Truck Start-Up

May 02, 2018 at 14:34 | Safehaven.com

A truck start-up founded in 2014 has filed a lawsuit against Tesla, seeking $2 billion in damages for what it claims to be copyright infringements. At issue is Tesla’s all-electric…

Kuwait: OPEC Is Not Discussing Oil Prices

Kuwait: OPEC Is Not Discussing Oil Prices

May 02, 2018 at 14:18 | Tsvetana Paraskova

OPEC focuses on oil market stability and managing the global oil overhang, and is not discussing where the price of oil should be, Kuwait’s Oil Minister Bakhit al-Rashidi said…

Can The Saudi Stock Exchange Handle An Aramco Listing?

Can The Saudi Stock Exchange Handle An Aramco Listing?

May 02, 2018 at 13:15 | Tsvetana Paraskova

The Saudi stock exchange, Tadawul, will make sure that the weighting of the oil giant Aramco in the bourse’s main index will not be too big, the Saudi stock…

Saudi Arabia Needs Much Higher Oil Prices

Saudi Arabia Needs Much Higher Oil Prices

May 02, 2018 at 12:27 | Irina Slav

Saudi Arabia needs oil to trade at US$85 a barrel to fill its budget gap, IMF’s head for the Middle East and Asia said today. “The improvement in the overall…

Increase In Well Productivity Drives U.S. Production Jump

Increase In Well Productivity Drives U.S. Production Jump

May 02, 2018 at 09:25 | Irina Slav

New shale oil well productivity drove U.S. production higher in the last few years, with the average daily rate for the first month of operation rising from less than 100…

Oil Crumbles As API Reports Large Crude Build

Oil Crumbles As API Reports Large Crude Build

May 01, 2018 at 15:45 | Julianne Geiger

With oil prices already down on the day, the American Petroleum Institute (API) reported a large build of 3.427 million barrels of United States crude oil inventories for the week…

U.S. Becomes Second Most Attractive Renewables Market

U.S. Becomes Second Most Attractive Renewables Market

May 01, 2018 at 12:45 | Irina Slav

The United States has moved ahead in EY’s Renewable Energy Country Attractiveness Index and is now second only to China, the UK consultancy said in the latest edition of…

Alberta Energy Minister: Turning Off Oil Taps To B.C. Is No Bluff

Alberta Energy Minister: Turning Off Oil Taps To B.C. Is No Bluff

May 01, 2018 at 11:42 | Tsvetana Paraskova

The bitter dispute between Alberta and British Columbia over the Trans Mountain oil pipeline expansion project is heating up ahead of the May 31 deadline given by Kinder Morgan for…

Vancouver Drivers Pay The Highest Gas Prices In North America

Vancouver Drivers Pay The Highest Gas Prices In North America

May 01, 2018 at 10:19 | Irina Slav

Drivers in British Columbia’s largest city, Vancouver, pay the highest prices for gas at the pump in North America, data from GasBuddy has revealed. The average price per gallon of…

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