• 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
  • 6 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 14 hours Could Someone Give Me Insights on the Future of Renewable Energy?
  • 4 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)
  • 9 days Bankruptcy in the Industry
  • 6 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 10 days The United States produced more crude oil than any nation, at any time.
Namibia Racks Up Another Major Offshore Oil Discovery

Namibia Racks Up Another Major Offshore Oil Discovery

Shares of Portuguese integrated energy…

Energy / Crude Oil

The Biggest Oilmen Of 2018

Dec 24, 2018 at 11:44 | Julianne Geiger

This year has been a crazy ride for the oil industry, which saw the price of Brent crude seesaw from $66.87 on the first day of the year, to a…

OPEC+ Deal Not Enough To Save The Oil Market

Dec 21, 2018 at 17:26 | Nick Cunningham

If the goal of the OPEC+ cuts was to boost oil prices, then the deal is clearly failing. OPEC+ is scrambling to figure out a way to rescue oil prices…

The Key Swing Producer Behind The OPEC+ Deal

Dec 21, 2018 at 17:19 | Tsvetana Paraskova

Russia continues to be the key partner of OPEC and its largest producer Saudi Arabia in managing the oil market. For a second production cut deal in a row, Moscow…

Saudis Tread On Thin Ice As Prices Slide

Dec 21, 2018 at 17:17 | Tim Daiss

Energy planners in Saudi Arabia must be scratching their heads in wonder, even possibly despair. The oil-rich kingdom had picked itself up after threats of near economic collapse in 2015-2016…

IEA Chief: U.S. Oil Output To Near Saudi+Russian Production By 2025

Dec 21, 2018 at 17:09 | Tsvetana Paraskova

Total U.S. oil production around 2025 will almost equal the combined production of Russia and Saudi Arabia, Fatih Birol, the Executive Director of the International Energy Agency (IEA), told…

$50 Oil Won’t Kill U.S. Shale

Dec 20, 2018 at 15:40 | Tsvetana Paraskova

Even before the latest oil price plunge that sent WTI Crude prices to below $50 a barrel, analysts had expected the explosive growth in the U.S. shale patch to…

A Shocking Amount Of Crucial U.S. Pipelines Still Lack Cybersecurity

Dec 20, 2018 at 12:59 | Irina Slav

U.S. pipeline infrastructure is more vulnerable to cyberattacks than desirable because of insufficient oversight in the cybersecurity department, a report commissioned by two members of Congress has suggested. Reuters

Shale Growth Could Slow On Oil Price Meltdown

Dec 19, 2018 at 14:24 | Nick Cunningham

Can the U.S. shale boom continue if WTI stays mired below $50 per barrel? Much has been made about the dramatic cost reductions that shale drillers have implemented over the…

Tiny Qatar Flexes Its Muscles With Oil And Gas Investment Push

Dec 19, 2018 at 11:19 | Tim Daiss

Qatar is continuing to make energy headline news. The tiny kingdom is forging its own path even at the expense of recently pulling out of OPEC to focus on its…

India Finds Way To Skirt U.S. Sanctions Against Iran

Dec 19, 2018 at 09:02 | Irina Slav

India will use five escrow accounts in Iranian banks to pay for deliveries of Iranian crude oil amid U.S. sanctions, Bloomberg reports, citing sources close to the situation. The…

Libyan Oil In Jeopardy As Peace Talks Fail

Dec 18, 2018 at 15:29 | Cyril Widdershoven

Libya’s National Oil Company NOC has once again shocked the oil market by officially declaring force majeure on its operations at the El Sharara oilfield, the largest oilfield in the…

Libya Declares Force Majeure On Largest Oil Field

Dec 18, 2018 at 10:03 | Irina Slav

After a week’s blockade by a militant group, Libya’s largest oil field, Sharara, has been shuttered by a force majeure declaration by the National Oil Corporation. Reuters cited a…

Shale Under Pressure As Oil Falls Below $50

Dec 17, 2018 at 14:03 | Nick Cunningham

The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for…

Iran Claims Its Oil Revenues Surged Despite Sanctions

Dec 17, 2018 at 10:36 | Tsvetana Paraskova

Iran’s revenues from crude oil and oil products surged by 55 percent between March and October, the first seven months of the Iranian year, compared to the same period of…

These Countries Found The Most Oil In 2018

Dec 17, 2018 at 09:05 | Rystad Energy

2018 stands already as the best year for global oil and gas exploration since 2015. Guyana, Russia and the United States top the list with major discoveries. Discovered resources have…

The Race Is On: Big Oil Rushes To Supply The 1 Billion Disconnected

Dec 14, 2018 at 15:51 | Irina Slav

Supermajors are taking on more renewable energy commitments lately as they prepare for a less carbon-intensive future. Some of them are going a step further, coupling these green commitments with…

Chinese-Venezuelan Joint Venture Doubles Oil Production

Dec 14, 2018 at 08:43 | Irina Slav

A joint venture between troubled Venezuelan state oil company PDVSA and China’s CNPC in the South American country has doubled its oil production in the past seven months, Reuters reported…

The U.S. Oil Industry’s Dirty Little Secret

Dec 13, 2018 at 16:14 | Nick Cunningham

The oil industry engaged in a secret public relations campaign to undermine U.S. fuel economy standards, according to a new investigation from the New York Times. One of the…

IEA: OPEC+ Has Put “A Floor Under Prices”

Dec 13, 2018 at 15:51 | Nick Cunningham

The OPEC+ agreement succeeded in at least putting “a floor under prices,” according to a new report from the International Energy Agency.  The global supply surplus is not resolved, and…

No, The U.S. Is Not A Net Exporter Of Crude Oil

Dec 13, 2018 at 11:32 | Robert Rapier

Last week Bloomberg created quite a stir with this story: The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years. I have seen a…

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