• 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
  • 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

Argentina's Shale Boom Hits New Milestone

Dec 10, 2019 at 09:14 | Irina Slav

YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than 12,700 feet, in the Vaca Muerta shale play, S&P Global…

Lower Oil Production Will Cause Saudi Budget Deficit To Balloon

Dec 09, 2019 at 15:15 | Julianne Geiger

Saudi Arabia is predicting that its budget deficit will balloon to US$50 billion next year as low oil prices and lowered production eat into the Kingdom’s oil revenue, according an…

Libya Declares Force Majeure On Loadings From El-Feel Oilfield

Dec 09, 2019 at 12:37 | Tsvetana Paraskova

Libya’s volatile production and exports may inadvertently help OPEC and its allies in supply restrictions these days, after the Libyan National Oil Corporation (NOC) has declared force majeure on crude…

The Danger Of Deeper OPEC+ Cuts

Dec 06, 2019 at 14:29 | Nick Cunningham

OPEC+ agreed to cut production by 500,000 bpd, sending oil prices higher on Friday. During mid-day trading, WTI was just shy of $60 per barrel, and Brent moved closer to…

Iran: We Won’t Agree To Any Production Cuts In The Future

Dec 06, 2019 at 13:25 | Tsvetana Paraskova

Before OPEC members sat down to wrangle about production quotas and compliance on Thursday, the oil minister of Iran—exempted from the ongoing cuts because of the U.S. sanctions crippling its…

The Toughest Part Of The OPEC Deal

Dec 06, 2019 at 09:32 | Irina Slav

An agreement to deepen oil production cuts by 500,000 bpd has put OPEC members at odds with each other as they try to hammer out the individual…

OPEC+ Agrees To Deeper Output Cuts

Dec 05, 2019 at 14:53 | Julianne Geiger

The OPEC meeting ended with ministers approving additional production cuts for Q1 2020, two delegation sources told Russian news outlet TASS on Thursday afternoon. The cuts for the OPEC+…

An OPEC+ Surprise Cut Is Looking Increasingly Likely

Dec 05, 2019 at 11:30 | Nick Cunningham

OPEC+ is considering deepening cuts by as much as 500,000 bpd, a more aggressive effort to head off a supply surplus in 2020. The rumors from Vienna…

The U.S. Just Became A Net Oil Exporter For The First Time Ever

Dec 05, 2019 at 09:53 | Tsvetana Paraskova

The United States exported more crude oil and petroleum products than it imported in September 2019—the first month in which America was a net petroleum exporter since monthly records began…

The One Sweet Spot That Continues To Drive Permian Growth

Dec 04, 2019 at 13:33 | Tsvetana Paraskova

The Bone Spring formation has been one of the most prolific shale plays in the Permian in recent years and continues to drive production growth The Bone…

Oil Soars On Crude Inventory Draw

Dec 04, 2019 at 09:45 | Irina Slav

The Energy Information Administration reported today a crude oil inventory draw of 4.9 million barrels for the week to November 29, after a 1.6-million-barrel increase reported for the…

Giant North Sea Oilfield Boosts Production To 350,000 Bpd 

Dec 03, 2019 at 12:24 | Tsvetana Paraskova

The huge Johan Sverdrup oilfield in Norway’s North Sea is already producing 350,000 barrels of oil per day, two months after coming on stream, a senior executive at Equinor, the…

India Could See Real Growth In Oil Demand Next Year

Dec 03, 2019 at 11:01 | Jon LeSage

Next year is expected to be a turnaround for oil demand in India, according to a new study by S&P Global Platts Analytics. With weakened demand caused by an economic slowdown,…

Oil Could Fall To $40 If OPEC+ Fails To Deepen Cuts

Dec 03, 2019 at 09:32 | Rystad Energy

Barring additional oil production cuts by OPEC in 2020, Rystad Energy forecasts a substantial build of global crude stocks and a corresponding drop in oil prices. A…

Will The OPEC Meeting Yield A Bullish Surprise?

Dec 02, 2019 at 17:24 | Nick Cunningham

Oil prices fell sharply on Friday on rumors that OPEC would decline to deepen the production cuts, but the rumor mill continues to churn. Over the weekend, Iraq’s oil…

How Much Crude Oil Do You Unknowingly Eat?

Dec 02, 2019 at 16:21 | Haley Zaremba

You may think (or hope) that in your daily life you don’t need to worry about unknowingly eating or otherwise ingesting crude oil or any of its many, many petrochemical…

Visualizing The US Shale Slowdown

Dec 02, 2019 at 15:57 | Peak Oil Barrel

This is a guest post by Ovi here.   All of the oil production data for the states comes from the EIA?s Petroleum Supply Monthly. The charts below are…

The Superpowers Battling Over Iraq's Giant Oil Field

Nov 29, 2019 at 16:41 | Simon Watkins

Ever since the U.S. signalled through its effective withdrawal from Syria that it now has little interest in becoming involved in military actions in the Middle East, the door has…

All Eyes On China As Oil Demand Dwindles

Nov 27, 2019 at 13:54 | Irina Slav

Despite oil prices trading in a range that should have stimulated a notable improvement in consumption, the world actually consumed just 1.6 percent more oil between June and August this…

What Can We Learn From Peak Whale Oil?

Nov 27, 2019 at 11:41 | Haley Zaremba

The energy industry is based on what was once thought of as an inexhaustible natural resource, but over-exploitation and a growing reliance on oil has made extraction more and more…

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