• 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
  • 6 hours How Far Have We Really Gotten With Alternative Energy
  • 3 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 days e-truck insanity
  • 20 hours An interesting statistic about bitumens?
  • 5 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 7 days Bankruptcy in the Industry
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days The United States produced more crude oil than any nation, at any time.

Energy / Crude Oil

Trump Freezes All Caracas Assets In Surprise Move

Aug 06, 2019 at 09:56 | Irina Slav

President Donald Trump signed an executive order freezing all assets of the Venezuelan government in the United States, Reuters reports, noting the move may open space for sanctions against…

Oil Tries To Rebound From Trade War-Inflicted Rout

Aug 06, 2019 at 08:52 | Tsvetana Paraskova

Oil prices were edging up early on Tuesday, trying to shake off several hefty sell-offs in recent days after U.S. President Donald Trump abruptly ended a tentative trade war truce…

Brent Drops Below $60 Amid Global Stock Market Slide

Aug 05, 2019 at 13:40 | Julianne Geiger

Oil prices were trading down again Monday despite tensions in the Middle East. The latest market mover is not the tensions surrounding Iran, and it’s not outages in Libya and…

China Unlikely To Slap Retaliatory Tariff On U.S. Crude Oil

Aug 05, 2019 at 10:34 | Tsvetana Paraskova

U.S. crude oil is unlikely to become a target of possible Chinese retaliatory tariffs in response to the latest American tariff threat, refinery and trading sources told S&P Global…

Iran Seizes Iraqi Vessel In The Gulf

Aug 05, 2019 at 09:17 | Irina Slav

The Iranian Islamic Revolutionary Guard Corps said Sunday it had seized an Iraqi boat carrying 700,000 liters of fuel the Iranian army said was being smuggled, IRNA reports. Another…

Chinese Oil Majors Consume More Crude In July

Aug 02, 2019 at 12:06 | JLC

PetroChina and Sinopec’s daily crude consumption grew in July 2019, because of unit restarts by PetroChina, JLC data shows. The two companies’ crude throughput totaled 33.46 million mt in July,…

Is There Enough Spare Capacity To Absorb An Oil Shock?

Aug 01, 2019 at 14:29 | Tsvetana Paraskova

While oil market participants have been focused on above-average global oil stocks and faltering demand growth, OPEC’s spare capacity has been rising because of the production cuts aimed…

Libya’s Oil Production Falls Below 1 Million Bpd

Aug 01, 2019 at 13:27 | Nick Cunningham

Libya’s oil production plunged to a five-month low this week, dragged down by another outage at the country’s largest oil field. On July 30, Libya’s National Oil Corporation declared…

Light Oil Set To Flood Global Market

Aug 01, 2019 at 13:11 | Irina Slav

Shale oil production growth to record highs in the United States drove a 2.5-million-bpd increase in global oil production last year despite OPEC+ cuts, Italy’s Eni said in the latest…

OPEC Oil Production Drops To Eight-Year Low

Aug 01, 2019 at 03:25 | Tsvetana Paraskova

Deeper production cuts at leading producer Saudi Arabia, lower output at sanctions-hit Iran, and outages in Libya and Venezuela sent OPEC’s crude oil production in July falling to its lowest…

Iran To China: Buy More Of Our Oil

Jul 30, 2019 at 05:12 | Tsvetana Paraskova

Following the steep decline of Iranian oil exports after the U.S. ended all waivers for Iran’s oil buyers, Iran is calling on China and other ‘friendly countries’, as it…

A Ticking Time Bomb For Oil Markets

Jul 30, 2019 at 04:48 | Irina Slav

Crude oil in floating and onshore storage in Iran has exceeded 110 million barrels, energy data analysts at Kpler reported this week, noting the number of barrels in floating storage…

Russia Squeezes Out Saudis In Asia Market Share Race

Jul 29, 2019 at 12:31 | Simon Watkins

Saudi Arabia is struggling in its key economic and geopolitical ambition to position itself as the key substitute in Asia in general and China in particular for lost Iranian barrels…

Will We Really See An Oil Glut In 2020?

Jul 29, 2019 at 11:49 | Nawar Alsaadi

There has been much talk lately about a potential oil glut in 2020, most notably by the IEA in their latest monthly oil report, but such predictions are…

Major Setback For EVs Could Delay Peak Oil Demand

Jul 24, 2019 at 17:04 | Nick Cunningham

Peak oil demand might be delayed as the U.S. and China scale back support for fuel efficiency and electric vehicles. Once thought of as far off into the future, forecasts…

Trump To Decide The Fate Of Venezuela's Oil Sector

Jul 24, 2019 at 17:00 | Nick Cunningham

Another slice of Venezuela’s oil production is at risk, and it is very much at the mercy of the U.S. government. When the Trump administration announced sanctions on Venezuelan oil…

Mexico’s Very Risky Energy Bet

Jul 24, 2019 at 14:54 | Irina Slav

Mexico’s new government came into power with promises to turn around the country’s oil industry and boost production after, it said, the previous government failed. Despite these promises and the…

Permian Producers Underreport Fracking Activity

Jul 24, 2019 at 09:05 | Irina Slav

Oil and gas producers in the Permian underreported their fracking activity by as much as 20 percent for 2018, energy-focused data analysis services provider Kayrros has reported.…

Heavy Oil Supply Crunch Cushions Canada From IMO 2020

Jul 23, 2019 at 13:45 | Irina Slav

An increasingly tighter supply of heavy crude will in all likelihood help Canada’s oil industry weather the unfavorable effects of the so-called IMO 2020 rules, which stipulate a much lower…

Why Goldman Sachs Thinks Oil Should Be Trading Higher

Jul 22, 2019 at 17:24 | Nick Cunningham

Fears of weak oil demand are taking over the market, overshadowing tanker battles in the Persian Gulf, something that would have typically sent oil prices skyrocketing. However, demand may also…

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