• 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 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days They pay YOU to TAKE Natural Gas
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 2 days What fool thought this was a good idea...
  • 4 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 7 hours A question...
  • 11 days The United States produced more crude oil than any nation, at any time.
Asian Refiners Diversify Away from Middle Eastern Oil

Asian Refiners Diversify Away from Middle Eastern Oil

Asian refiners are reducing their…

Two Sectors Driving the Future of Oil Demand

Two Sectors Driving the Future of Oil Demand

Oil demand is expected to…

Energy / Crude Oil

U.S. Shale Scrambles For Credit With Oil At $40

Jul 02, 2020 at 11:17 | Julianne Geiger

U.S. oil and gas companies are scrambling for credit, with lenders tightening their purse strings as oil prices continue to sit below $40 per barrel. Oil and gas lenders have…

Are Oil Bulls In For A Disappointing July?

Jul 01, 2020 at 17:26 | Nick Cunningham

The oil market continues to tighten, but the surge of coronavirus cases in the U.S. could derail the rally in crude prices.  OPEC+ can claim most…

Covid-19 Is Crushing This African Oil Exporter

Jul 01, 2020 at 14:14 | Viktor Katona

Stuck midway in reforming its energy sector by chopping down unnecessary assets and optimizing the national NOC’s role vis-à-vis the government, Angola has endured a lot of strain in the…

Oil Glut At Sea Starts To Shrink

Jul 01, 2020 at 12:51 | Charles Kennedy

The huge volumes of oil held at sea have started to shrink and are expected to continue declining into the second half of this year, thanks to recovering demand and…

Venezuela’s Oil Production Continues To Plummet

Jul 01, 2020 at 10:59 | Tsvetana Paraskova

Venezuela’s crude oil production tumbled by nearly 200,000 bpd in June compared to May, to just 422,400 bpd on June 28, as Venezuela struggles to place its oil on the…

Oil Rallies On Bullish EIA Inventory Data

Jul 01, 2020 at 09:43 | Irina Slav

Crude oil inventories in the United States shed 7.2 million barrels in the week to June 26, the Energy Information Administration 

Saudi Arabia Eyes Total Dominance In Oil And Gas

Jun 30, 2020 at 17:14 | Julianne Geiger

Saudi Arabia’s Energy Minister Prince Abdulaziz claimed last week that the Kingdom will be the world’s biggest hydrocarbon producer “even” in 2050. “I can assure that Saudi Arabia will not…

Supermajors Are Flocking To This Booming Oil Frontier

Jun 30, 2020 at 17:00 | Charles Kennedy

Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic - of offshore Guyana fame…

Libya's Oil Blockade Could Soon Come To An End

Jun 30, 2020 at 09:57 | Irina Slav

The leaders of groups affiliated with the Libyan National Army have offered to lift a blockade on oil export terminals that started in January and has so far cost the…

Second COVID Wave In China Could Upend Crude Recovery

Jun 29, 2020 at 17:26 | Simon Watkins

As the world’s largest net importer of crude oil and other liquids since September 2013, any significant variation in Chinese demand for oil resonates quickly and profoundly in global oil…

Colombia Is An Overlooked Victim Of The Oil Price War

Jun 29, 2020 at 17:02 | Matthew Smith

The considerable optimism surrounding oil at the end of 2019, when Brent was trading at $68 a barrel has turned sour. The demand shock triggered by the coronavirus…

Tighter Markets End Lucrative Oil Trade

Jun 29, 2020 at 15:55 | Tsvetana Paraskova

From a super contango in April, the Brent Crude futures curve has flattened and flipped to backwardation for the nearest months, wiping out was is seen as one…

OPEC+ Is Still Producing Too Much Oil

Jun 29, 2020 at 14:58 | Charles Kennedy

OPEC further restricted its oil production in June compared to May as it aims to withhold a record volume of supply from the market together with its non-OPEC allies led…

U.S. Commercial Crude Oil Stocks Hit Record High

Jun 29, 2020 at 12:57 | Charles Kennedy

The United States held a record-high level of commercial crude oil inventories as of the week to June 19 following the collapse in demand in the lockdown and the slow…

30% Of U.S. Shale Drillers Could Go Under

Jun 26, 2020 at 17:26 | Irina Slav

U.S. shale was one of the big losers of the Saudi-Russian price war that many saw as a war on U.S. shale. Producers scrambled to stay afloat as…

Has The Rig Count Collapse Finally Bottomed Out?

Jun 26, 2020 at 12:25 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 1, to 265, suggesting that while the number of…

U.S. Oil Drillers Break Production Records Despite Having Fewer Rigs

Jun 26, 2020 at 09:55 | Julianne Geiger

The number of active oil and gas rigs in the United States may have fallen in 2019, but oil and gas producers in the United States are still breaking records,…

U.S. Gulf Coast Crude Oil Gets Its Own Benchmark

Jun 26, 2020 at 09:06 | Irina Slav

Platts, Argus Launch New Benchmarks for U.S. Crude for Export U.S. Gulf Coast to get its Own Oil Benchmark U.S. Gulf Coast Crude Gets Its Own Oil BenchmarkPlatts, Argus…

Oil Market Optimism Is Entirely Misplaced

Jun 25, 2020 at 17:10 | Cyril Widdershoven

Optimism is supposedly back in oil markets, with the Global Research team at Bank of America lifting its oil price forecast for this year and next as demand…

Inside Singapore's $3 Billion Oil Trading Scandal

Jun 25, 2020 at 17:08 | Alex Kimani

Back in April, Reuters reported that fabled Singapore oil trading firm, Hin Leong Trading (Pte) Ltd, had been caught with its hand in the cookie…

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