• 3 hours Higher Oil Prices Reduce North American Oil Bankruptcies
  • 5 hours Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 6 hours $1.6 Billion Canadian-US Hydropower Project Approved
  • 8 hours Venezuela Officially In Default
  • 10 hours Iran Prepares To Export LNG To Boost Trade Relations
  • 12 hours Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 18 hours Saudi Oil Minister: Markets Will Not Rebalance By March
  • 23 hours Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 1 day Rosneft Announces Completion Of World’s Longest Well
  • 1 day Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 1 day Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 1 day Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 1 day Santos Admits It Rejected $7.2B Takeover Bid
  • 2 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 2 days Africa’s Richest Woman Fired From Sonangol
  • 2 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 2 days Russian Hackers Target British Energy Industry
  • 2 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 2 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 2 days Lower Oil Prices Benefit European Refiners
  • 2 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 3 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 3 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 3 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 3 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 3 days OPEC To Recruit New Members To Fight Market Imbalance
  • 3 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 4 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 4 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 4 days GE Considers Selling Baker Hughes Assets
  • 4 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 4 days Saudi Aramco To Invest $300 Billion In Upstream Projects
  • 4 days Aramco To List Shares In Hong Kong ‘For Sure’
  • 4 days BP CEO Sees Venezuela As Oil’s Wildcard
  • 4 days Iran Denies Involvement In Bahrain Oil Pipeline Blast
  • 7 days The Oil Rig Drilling 10 Miles Under The Sea
  • 7 days Baghdad Agrees To Ship Kirkuk Oil To Iran
  • 7 days Another Group Joins Niger Delta Avengers’ Ceasefire Boycott
  • 7 days Italy Looks To Phase Out Coal-Fired Electricity By 2025
  • 7 days Kenya Set To Give Local Communities Greater Share Of Oil Revenues
OPEC Concedes That U.S. Shale Won’t Die

OPEC Concedes That U.S. Shale Won’t Die

OPEC has significantly adjusted its…

Energy / Crude Oil

Iraq Struggles To Keep Oil Exports Elevated

Iraq Struggles To Keep Oil Exports Elevated

Nov 17, 2017 at 14:02 | Matt Smith

Since the Kurdish referendum in late September, when Iraqi Kurds overwhelmingly voted for independence from Iraq, there has been a drop in crude flows through the Kirkuk-Ceyhan pipeline, as tension…

Markets Shrug On Flat Oil Rig Count

Markets Shrug On Flat Oil Rig Count

Nov 17, 2017 at 12:21 | Julianne Geiger

The number of oil and gas rigs in the United States rose again this week, this time by 8, according to Baker Hughes, ending a short-lived downward trend in weeks…

Chinese Crude Inventories Fall For First Time In 12 Months

Chinese Crude Inventories Fall For First Time In 12 Months

Nov 17, 2017 at 09:32 | Irina Slav

The crude oils stockpiles of China fell for the first time in 12 months on the back of a drop in imports to the lowest in a year and robust…

Norway’s $1 Trillion Wealth Fund Looks To Dump Oil & Gas Stocks

Norway’s $1 Trillion Wealth Fund Looks To Dump Oil & Gas Stocks

Nov 16, 2017 at 15:41 | Nick Cunningham

The global campaign to divest from fossil fuels may have just picked up its most significant ally to date – the largest sovereign wealth fund in the world. Norway’s trillion-dollar…

Why Saudi Arabia Should Fear U.S. Oil Dominance

Why Saudi Arabia Should Fear U.S. Oil Dominance

Nov 15, 2017 at 16:28 | Gregory Brew

One of the more important recent developments in global energy is the resurgence of U.S. energy production, thanks in large part to the shale revolution. Now, after half a century…

What Happens If The OPEC Deal Extension Fails?

What Happens If The OPEC Deal Extension Fails?

Nov 15, 2017 at 16:16 | Nick Cunningham

The oil market has already factored in an extension of the OPEC deal, with the working assumption that the cuts will be extended through the end of 2018. But what…

Can Russia Break Its Oil Dependence?

Can Russia Break Its Oil Dependence?

Nov 15, 2017 at 15:09 | Irina Slav

Despite improving oil prices, Russia’s economic growth is slowing, with GDP rise for the third quarter at 1.8 percent on an annual basis, versus 2.5 percent for the…

Falling Iraqi Oil Output Drags OPEC Production Down

Falling Iraqi Oil Output Drags OPEC Production Down

Nov 15, 2017 at 13:35 | Ron Patterson

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through October 2017 and is in thousand barrels per day.…

China Resumes Oil Hoarding Despite Higher Prices

China Resumes Oil Hoarding Despite Higher Prices

Nov 15, 2017 at 10:52 | Irina Slav

Satellite imaging data suggests that China has started to build its crude oil inventories after two months of declines, Orbital Insight said. According to the company’s data, the first…

Oil Prices Slip After EIA Reports Builds Across The Board

Oil Prices Slip After EIA Reports Builds Across The Board

Nov 15, 2017 at 09:42 | Irina Slav

A day after the American Petroleum Institute took the market by surprise reporting a 6.513-million-barrel build in inventories, the Energy Information Administration confirmed inventories had risen last week…

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