• 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
  • 8 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
  • 3 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
  • 2 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.

News

Venezuela Releases Chevron Execs In Effort To Smooth Relationships With US

Venezuela Releases Chevron Execs In Effort To Smooth Relationships With US

Jun 07, 2018 at 11:59 | Irina Slav

Venezuela has released two local Chevron executives that were arrested back in April on corruption allegations, Reuters reports, citing sources from Caracas and Chevron. A source close to Chevron…

Moscow, Oil Companies Agree On Oil Export Duty Phase-Out

Moscow, Oil Companies Agree On Oil Export Duty Phase-Out

Jun 07, 2018 at 11:08 | Irina Slav

The Russian energy and finance ministries agreed with oil companies to start cutting the export duty on crude gradually, to bring it from the current 30 percent to zero over…

24 Million Barrel Backlog And Counting: PDVSA’s Fate Looks Bleak

24 Million Barrel Backlog And Counting: PDVSA’s Fate Looks Bleak

Jun 07, 2018 at 09:31 | Irina Slav

Dozens of tankers waiting to load over 24 million barrels of Venezuelan crude are sitting at the country’s main oil export terminal, with the loading delays at almost a month,…

Higher Oil Prices Boost Hiring At Houston Energy Companies

Higher Oil Prices Boost Hiring At Houston Energy Companies

Jun 06, 2018 at 17:32 | Tsvetana Paraskova

The rise in oil prices moved in tight correlation with the hiring at companies at the heart of the U.S. oil production—Houston—where hiring jumped by 12.4 percent annually in May…

European Refiners Begin To Scale Back Oil Imports From IranEuropean Refiners Beg

European Refiners Begin To Scale Back Oil Imports From IranEuropean Refiners Beg

Jun 06, 2018 at 16:28 | Tsvetana Paraskova

After an initial hesitance over how the returning U.S. sanctions will affect Iran’s oil buyers, European refiners are beginning to wind down purchases from Iran after tanker providers, insurers, and…

The World’s Top Wealth Fund Voted Against Musk As Chair At Tesla

The World’s Top Wealth Fund Voted Against Musk As Chair At Tesla

Jun 06, 2018 at 14:28 | Tsvetana Paraskova

The world’s largest sovereign wealth fund, Norway’s US$1-trillion Government Pension Fund Global, voted in favor of a proposal to separate Elon Musk’s chairman and CEO roles at Tesla at…

Maduro Says U.S. Infiltrated Venezuela’s Oil Industry

Maduro Says U.S. Infiltrated Venezuela’s Oil Industry

Jun 06, 2018 at 14:21 | Tsvetana Paraskova

Venezuela’s President Nicolas Maduro has accused the United States of infiltrating senior positions at the Venezuelan oil industry. “There was a process of penetration and infiltration in key positions…

Aramco Ups Oil Prices For Asian Buyers

Aramco Ups Oil Prices For Asian Buyers

Jun 06, 2018 at 13:31 | Irina Slav

Aramco has raised the prices of its most popular crude oil grades for sale in Asia amid growing worry about supplies from Venezuela and Iran. Bloomberg reports the flagship…

U.S. Biofuels Overhaul Delayed

U.S. Biofuels Overhaul Delayed

Jun 06, 2018 at 10:34 | Irina Slav

Washington has shelved indefinitely a planned overhaul of the national biofuels policy that sought to reduce costs for the oil industry, two sources told Reuters, saying the move was…

Shell: Nigeria Oil Infrastructure Attacks Still A Major Concern

Shell: Nigeria Oil Infrastructure Attacks Still A Major Concern

Jun 06, 2018 at 09:19 | Tsvetana Paraskova

Although Nigeria has managed to restore its oil production to around 1.8 million bpd, following major militant attacks on oil infrastructure in 2016, sabotages in parts of the oil-rich Niger…

Crude Prices Slip After API Reports Crude Draw, Gasoline Build

Crude Prices Slip After API Reports Crude Draw, Gasoline Build

Jun 05, 2018 at 15:52 | Julianne Geiger

As oil prices continues to fall, the American Petroleum Institute (API) reported a draw of 2.028 million barrels of United States crude oil inventories for the week ending June 1,…

Ukraine Seizes Gazprom Assets To Enforce $2.6B Court Award

Ukraine Seizes Gazprom Assets To Enforce $2.6B Court Award

Jun 05, 2018 at 14:39 | Tsvetana Paraskova

Ukraine’s Naftogaz said on Tuesday that a Dutch court had approved its petition to freeze Gazprom assets in the Netherlands as the Ukrainian company seeks to enforce the payment…

Why Have Oil Markets Turned So Bearish?

Why Have Oil Markets Turned So Bearish?

Jun 05, 2018 at 13:55 | Tsvetana Paraskova

Oil prices slid early on Tuesday, as reports of the U.S. asking OPEC to lift oil production and hedge funds boosting their short positions added to bearish sentiment. Rising geopolitical…

Canadian Crude Surges on Enbridge Pipeline Allocation Decision

Canadian Crude Surges on Enbridge Pipeline Allocation Decision

Jun 05, 2018 at 12:41 | Irina Slav

Canadian crude oil surged by $12.20 a barrel after Enbridge, the country’s biggest oil export pipeline operator said it will not make oil producers stick to crude allocation limits for…

Trans Mountain Supporters Make Anti-Pipeline Protest Their Own

Trans Mountain Supporters Make Anti-Pipeline Protest Their Own

Jun 05, 2018 at 10:49 | Irina Slav

An anti-pipeline protest in Calgary involving a couple of dozen people quickly turned into a pro-pipeline rally yesterday when a much bigger group of Trans Mountain supporters took over the…

Colorado Drillers Throw Weight Behind Ozone Reduction

Colorado Drillers Throw Weight Behind Ozone Reduction

Jun 05, 2018 at 09:17 | Irina Slav

Oil and gas drillers in Colorado will tweak their drilling and completion schedules for the summer as a way of supporting the state’s efforts to reduce ozone emissions, which seasonally…

Airlines Warn: Air Fares To Rise Despite Fuel Hedges

Airlines Warn: Air Fares To Rise Despite Fuel Hedges

Jun 04, 2018 at 18:28 | Tsvetana Paraskova

The oil price run over the past year will result in higher ticket fares, even if many air carriers have hedged fuel at lower prices, according to industry executives and…

Kenya Starts Its First-Ever Crude Oil Exports

Kenya Starts Its First-Ever Crude Oil Exports

Jun 04, 2018 at 18:00 | Tsvetana Paraskova

Kenya sent on Sunday the first trucks transporting crude oil from the oil-rich but landlocked northern region of Turkana to the port of Mombassa, for the country’s first oil…

India Imports Its First LNG From Russia

India Imports Its First LNG From Russia

Jun 04, 2018 at 17:50 | Tsvetana Paraskova

India received on Monday its first liquefied natural gas (LNG) cargo from Russia under a long-term supply contract with Gazprom, in a move that Indian Oil Minister Dharmendra Pradhan…

Tesla Shareholders Can Vote To Oust Musk As Chairman Via New App

Tesla Shareholders Can Vote To Oust Musk As Chairman Via New App

Jun 04, 2018 at 17:40 | Tsvetana Paraskova

A New York technology start-up that wants to make voting accessible to retail shareholders will debut for Tesla’s shareholders’ meeting on June 5 at which Tesla investors will be…

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