• 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
  • 13 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 days How Far Have We Really Gotten With Alternative Energy
  • 6 days e-truck insanity
  • 10 hours They pay YOU to TAKE Natural Gas
  • 4 days An interesting statistic about bitumens?
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 9 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
Texas Deepwater Oil Export Projects Stall

Texas Deepwater Oil Export Projects Stall

Four projects were planned offshore…

Energy / Crude Oil

OPEC And Partners Eye A 3-Month Output Cut

Apr 07, 2020 at 09:10 | Tsvetana Paraskova

Countries part of the OPEC+ group are discussing the idea to implement oil production cuts for at least three months from May to July, Russian news agency TASS reported on Tuesday,…

Why The OPEC+ Output Cut Is Irrelevant

Apr 06, 2020 at 16:55 | Arthur Berman

I’m in favor of the global output cut orchestrated by President Trump but let’s recognize it for what it is: largely irrelevant. Mohammed bin Salman and…

Political Battle Could Jeopardize World’s Most Spectacular Oil Boom

Apr 06, 2020 at 13:18 | Viktor Katona

Amidst the torrent of news on the adverse impacts of COVID-19, recent developments in Guyana stand out as something of a countercurrent. In times when the entire world…

OPEC Can’t Kill U.S. Shale

Apr 06, 2020 at 12:22 | Salman Ghouri

OPEC’s strategy in the past has been to alter its oil production in order to bring about market stability. However, the rise of U.S. shale oil forced the cartel to…

Russia’s Oil Output Falls As Global Producers Mull Unprecedented Cut

Apr 06, 2020 at 11:58 | Tsvetana Paraskova

Russia’s oil production dropped slightly in the first days of April compared to the average output in March, a source in the industry told Reuters on Monday, as major…

Don’t Underestimate The Resilience Of U.S. Shale

Apr 03, 2020 at 16:36 | Tsvetana Paraskova

One of the biggest oil traders in the world, Mercuria Energy Group, sees U.S. shale as very resilient and refusing to shut production despite low crude prices. “In the United…

China Prepares To Close ‘Oil Deal Of A Lifetime’ In Iraq

Apr 03, 2020 at 16:27 | Simon Watkins

Over the past week or so, China has eased quarantine measures in Wuhan – the city in which the global coronavirus pandemic began – with the entire lockdown…

China's Plan To Capitalize On The Oil Price War

Apr 03, 2020 at 12:21 | Haley Zaremba

China is hurting. The entire global economy has taken a huge hit from the spread of the coronavirus, but so far none have been hit as hard as…

Why U.S. Shale Will Survive The Oil Price War

Apr 02, 2020 at 17:28 | Haley Zaremba

The future of the oil industry, it seems, all depends on who you ask. Many industry insiders and experts are crying armageddon, while others say that United States…

What Happens If The World Runs Out Of Oil Storage?

Apr 02, 2020 at 14:14 | Irina Slav

It was only a matter of time, really. With demand decimated by the coronavirus and Saudi Arabia on the oil warpath, the imbalance between oil supply and demand…

Oil Market Chaos Has Created The Greatest Trade In Decades

Apr 01, 2020 at 15:44 | ZeroHedge

Over the past week, I have taken my bullishness on tankers from level 10 to 11. It started with the Saudis busting out of the cartel formerly known as OPEC+…

Shale Giant Files For Bankruptcy As Oil Price War Rages On

Apr 01, 2020 at 10:54 | Tsvetana Paraskova

U.S. shale producer Whiting Petroleum Corporation, once one of the top producers in the Bakken, said on Wednesday that it had filed for bankruptcy…

Oil Falls To $20 On Largest Crude Build Since 2016

Apr 01, 2020 at 09:47 | Irina Slav

Amid depressed prices and storage space running low, the Energy Information Administration reported a crude oil inventory build of 13.8 million barrels for the week to March 27. This…

How Low Could U.S. Oil Production Actually Go?

Mar 31, 2020 at 18:51 | David Messler

The oil-bears continue their romp across the energy markets with various grades of crude reaching lows not seen in almost twenty years. There will come a point where…

Standard Chartered Sees Record Oil Demand Loss This Year

Mar 31, 2020 at 11:00 | Tsvetana Paraskova

Lockdowns and travel restrictions will result in an oil demand loss of 18.5 million bpd in April, with demand for the full-year 2020 expected to slump by a record 5.43…

Texas Oil Drillers Prepare To Halt Production

Mar 31, 2020 at 10:17 | Irina Slav

Texas oil companies may soon cut back production, both because of a looming lack of available storage space and because wells are becoming uneconomical at $20 per barrel WTI.  Many…

Could Oil Really Fall To $0?

Mar 30, 2020 at 18:21 | Nick Cunningham

The outlook for U.S. shale continues to darken with WTI testing sub-$20 territory. The supply glut could grow worse as the contraction in…

Oil Prices Slide As Saudi Arabia Confirms Another Export Boost

Mar 30, 2020 at 10:13 | Tsvetana Paraskova

Saudi Arabia is not backing down from the oil price war for market share, pledging another increase in its crude oil exports starting in May, despite a growing global glut…

S&P Cuts Oil Nations Ratings

Mar 27, 2020 at 11:24 | Irina Slav

Several oil-producing nations woke up to lower credit ratings from S&P amid the latest oil price rout, Reuters reports, listing Oman, Nigeria, Mexico, Angola, and Ecuador among those downgraded and…

Is This The Beginning Of The End For Texas Oil?

Mar 26, 2020 at 18:03 | Nick Cunningham

Widespread misery was evident in the Dallas Fed’s latest survey, which included responses from 161 energy firms and took place from March 11-19.…

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