• 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
  • 4 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 13 hours How Far Have We Really Gotten With Alternative Energy
  • 5 days e-truck insanity
  • 2 days An interesting statistic about bitumens?
  • 7 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 10 days Bankruptcy in the Industry
Oil Moves Down on Crude Inventory Build

Oil Moves Down on Crude Inventory Build

Crude oil prices moved lower…

Energy / Crude Oil

Crude Oil And Cold Hard Cash Dominate U.S. Markets

Oct 03, 2023 at 08:54 | Alex Kimani

Crude oil and low-risk, short-term cashlike investments emerged as the best-performing assets in the July-September quarter, while long-term bonds sold off heavily. Front-month WTI crude closed the quarter at $90.79/bbl,…

Rising Oil Prices Threaten Economic Stability

Oct 02, 2023 at 09:23 | Robert Rapier

After dropping below $70 a barrel (bbl) in early summer, the price of West Texas Intermediate (WTI) crude has been steadily marching higher. Last week, the price breached…

Top 10 Oil Titans Account For Over 70% of Global Production

Oct 02, 2023 at 09:18 | ZeroHedge

In 2022 oil prices peaked at more than $100 per barrel, hitting an eight-year high, after a full year of turmoil in the energy markets in the wake of the…

OPEC’s Oil Production Grows For A Second Month Despite Saudi Cut

Oct 02, 2023 at 08:49 | Michael Kern

OPEC’s crude oil production rose by 120,000 barrels per day (bpd) in September from August – the second monthly increase in a row – as higher output in Iran and…

Wary Of Weakening Demand, Saudi Arabia Changes Pricing Strategy

Sep 29, 2023 at 14:39 | Gerald Jansen

The spike in oil prices to the highest level in more than a year worked wonders for the Middle East. Saudi Aramco is back to buying minority stakes in private…

Saudi Arabia’s Oil Gamble Pays Off With $95 Brent

Sep 29, 2023 at 08:36 | Irina Slav

When back in July Saudi Arabia announced voluntary additional oil production cuts, traders brushed them off. Prices did not move. Everyone was preoccupied with demand in China and…

Iran, Venezuela, And Syria Ink Landmark Oil Refinery Deal

Sep 29, 2023 at 08:14 | ZeroHedge

Iran has revealed plans to build a new oil refinery in Syria's Homs governorate with a capacity of 140,000 barrels per day (bpd) as part of a memorandum…

Will We See $100 Oil In October?

Sep 28, 2023 at 13:23 | Alex Kimani

After rallying to more than $97 per barrel on Wednesday, Brent crude took a breather on Thursday as traders started to take profits and the macro-focus in the markets turned…

China Prepares For Peak Oil Demand

Sep 28, 2023 at 09:25 | Charles Kennedy

Peak oil demand is coming to China; this message has been conveyed repeatedly by forecasters such as Wood Mackenzie and by China’s very own state oil majors. Given…

IEA Faces Backlash Over Bold 2030 Oil Demand Forecast

Sep 28, 2023 at 08:08 | ZeroHedge

The credibility of the International Energy Agency continues to wane as it continues to advocate for an urgent shift towards a decarbonized economy. According to the IEA, global fossil fuel…

Oil Moves Higher On EIA Inventory Draw

Sep 27, 2023 at 09:37 | Irina Slav

Crude oil prices moved higher today after the Energy Information Administration reported a crude oil inventory draw of 2.2 million barrels for the week to September 22. This

Oil Dethroned? Cocaine Close To Becoming Colombia's Top Export

Sep 27, 2023 at 08:53 | Matthew Smith

 A controversial article from news conglomerate Bloomberg claims that cocaine is poised to overtake oil and become Colombia’s largest export. This worrying report came on the heels of the 

Rosebank Gets Green Light For North Sea Oil Development

Sep 27, 2023 at 08:31 | City A.M

The Rosebank development, the first major new oilfield in the North Sea for many years, will go ahead after private investors and government both signalled final approval.

Decade-Low Stocks At Cushing May Send Oil Prices Even Higher

Sep 26, 2023 at 09:59 | ZeroHedge

Crude prices will likely get a fresh boost this week, as stockpiles at the key US storage hub in Cushing, Oklahoma, risk collapsing to the lowest level…

Oil Traders Overstretch Futures Market

Sep 26, 2023 at 08:54 | Charles Kennedy

Oil traders have been gobbling up futures in the six most traded crude and fuel contracts on that market for four weeks now. It's easy to see why: it was…

Oil Demand Destruction In India Won’t Happen At $100 Per Barrel

Sep 25, 2023 at 15:42 | Alex Kimani

Last month, Reuters market analyst John Kemp warned that India’s slowing oil demand growth could act as a drag on oil prices despite consumption recently hitting record highs. India’s…

Energy Fund Manager Predicts Major Upside For Oil Equities

Sep 25, 2023 at 10:54 | Tom Kool

Ninepoint Energy Fund’s Eric Nuttall sees a strong year ahead for oil stocks, which have been lagging behind the surge in oil prices, citing unprecedented draws in oil…

OPEC+ Cuts Offset By Booming U.S. Oil Production

Sep 25, 2023 at 09:25 | Tsvetana Paraskova

Despite the fact that U.S. oil producers are now deploying the lowest number of drilling rigs in more than a year and a half, America's crude oil production is set…

Key Oil Pipeline May Spring Back To Life After Months-Long Stalemate

Sep 25, 2023 at 09:23 | Simon Watkins

Since 25 March, hundreds of thousands of barrels per day of oil flows crucial to the semi-autonomous Kurdistan region of Iraq (KRI) and important to the oil sector…

Fracking Fallout: Is America's Drinking Water Safe?

Sep 25, 2023 at 09:18 | Kurt Cobb

Eleven years ago, I wrote about the how millions of holes drilled deep into American soil were already destined to pollute groundwater across the United…

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