• 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 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours They pay YOU to TAKE Natural Gas
  • 4 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 8 days e-truck insanity
  • 6 days An interesting statistic about bitumens?
  • 11 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in

Energy / Crude Oil

Oil Giant Sees Stock Soar 20% On Unexpected Oil Find

Jan 07, 2020 at 09:11 | Tsvetana Paraskova

Two weeks after France’s supermajor Total joined Apache Corporation in a highly prospective block offshore Suriname, the two oil corporations announced a significant oil discovery in the block,…

Will Oil Prices Crash Or Rally When Iran Reacts?

Jan 06, 2020 at 17:12 | Nick Cunningham

Brent is trading in the neighborhood of $70 per barrel, a price not seen since the spring of 2019. The unexpected assassination of one of the most important figures in…

The Rig Count Collapse Continues Into The New Year

Jan 03, 2020 at 12:16 | Julianne Geiger

2020 is starting off with more rig losses, according to Baker Hughes, with the US oil and gas rig count falling by 9 rigs for the week. The total oil…

Burn, Pay, Or Shut It Down: Three Evils For Permian Drillers

Dec 31, 2019 at 13:26 | Julianne Geiger

There was a time when natural gas was a welcomed byproduct of crude oil drilling, and drillers in the prolific Permian basin enjoyed this consolation prize--at least when natural gas…

Why The Saudis Suddenly Agreed To This Mega Oil Deal

Dec 30, 2019 at 12:48 | Simon Watkins

Strange, is it not, that an agreement has suddenly been reached between Saudi Arabia and neighbouring Kuwait on the oil and gas fields that they share in the ‘Neutral Zone’…

Will Oil Bulls Rule 2020?

Dec 30, 2019 at 12:43 | Alex Kimani

With the New Year already knocking at the door, long-suffering energy investors are looking to put another disappointing year behind them--and the International Maritime Organization’s  sulfur regulations targeting the…

The Next Oil Boom Is Happening Here

Dec 27, 2019 at 12:19 | Nick Cunningham

Just as the U.S. shale industry is slowing down, oil production in other non-OPEC countries is on the rise. Output in U.S. shale grew substantially in 2019, although at a…

Big Banks Turn Bearish On Oil Next Year

Dec 27, 2019 at 12:08 | Julianne Geiger

As the year draws to a close, the Brent and WTI oil benchmarks are trading at $66.55 and $61.54, respectively. From $60.65 to $64.50, investment bank and analyst projections for…

Oil Rises On Large Crude Draw

Dec 27, 2019 at 10:31 | Irina Slav

Crude oil prices rose higher after the Energy Information Administration reported an inventory draw of 5.5 million barrels for the week to December 20 in its last weekly petroleum…

China’s Biggest Move In Oil Markets To Date

Dec 24, 2019 at 10:46 | Julianne Geiger

China is making an aggressive entrance into the world of energy exchanges, but will it help the markets like some analysts suggest, or will it spell doom for oil prices?…

Is This The Beginning Of A Shale Crisis?

Dec 23, 2019 at 13:52 | Nick Cunningham

Banks are cutting their lending to struggling U.S. shale drillers, another blow to an industry that has long been dealing with a questionable business model. Banks are restricting lending and…

Iran Holds End Of Year Fire Sale For Crude Oil

Dec 18, 2019 at 13:56 | Julianne Geiger

If you’re looking for cheap crude oil and you are not worried about going against US sanctions, have we got a deal for you: Iran’s state-run oil company, the National…

Why Russia Agreed To Deeper OPEC+ Output Cuts

Dec 18, 2019 at 09:03 | Tsvetana Paraskova

When Saudi Arabia and Russia sat down for official talks at the OPEC+ meeting in Vienna on December 6, they had already agreed to deeper production cuts, because days before…

Lukoil: Russia’s Output Could Surpass 12 Million Bpd By 2035

Dec 17, 2019 at 11:27 | Tsvetana Paraskova

Russia’s crude oil and condensate production could rise to more than 12 million bpd by 2035, if global demand for liquid hydrocarbons continues to grow, Russia’s second-largest oil producer, Lukoil,…

IEA: An Oil Glut Is Inevitable In 2020

Dec 12, 2019 at 14:23 | Nick Cunningham

Despite the OPEC+ cuts, the oil market is still facing a supply surplus in 2020, according to a new report from the International Energy Agency (IEA). OPEC+ announced additional cuts…

Is This The Most Important Oil Price Driver In 2020?

Dec 12, 2019 at 11:57 | Tsvetana Paraskova

Even if the OPEC+ coalition manages to remove as much as 2.1 million barrels of oil per day from the market in the first quarter next year, oil prices…

Is A New Price War Looming For OPEC?

Dec 12, 2019 at 11:47 | Robert Rapier

Last week OPEC, Russia and other oil-producing nations agreed to additional oil production cuts in an effort to support oil prices. Following the 177th Meeting of the…

IEA Pours Cold Water Over OPEC+ Optimism

Dec 12, 2019 at 09:07 | Irina Slav

Despite deeper OPEC+ production cuts, global oil supply will be about 700,000 bpd in excess of consumption in early 2020, the International Energy Agency said in its latest monthly

OPEC Reduced Oil Production Ahead Of Deeper Cuts Decision

Dec 11, 2019 at 11:11 | Tsvetana Paraskova

OPEC’s crude oil production declined by 193,000 bpd in November from October, as the cartel’s leader Saudi Arabia cut production ahead of the OPEC+ meeting, Iraq tried to fall in…

Oil Prices Fall On Bearish EIA Data

Dec 11, 2019 at 09:47 | Irina Slav

Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 800,000 barrels for the first week of December. Besides it, the…

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