• 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
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 13 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Oil Prices Gain 2% on Tightening Supply

Oil Moves Down on Inventory Rise

Oil Moves Down on Inventory Rise

Crude oil prices inched lower…

Energy / Crude Oil

Oil Prices Unmoved By Bullish EIA Report

Nov 22, 2017 at 09:45 | Irina Slav

A day after the American Petroleum Institute helped prop WTI up by reporting a 6.356-million-barrel inventory draw, the Energy Information Administration chimed in, reporting a much smaller decline…

Keystone XL Is Far From Certain

Nov 20, 2017 at 15:29 | Nick Cunningham

The state of Nebraska just cleared one of the last hurdles for the Keystone XL pipeline, potentially ending a decade-long saga over the 1,700-mile pipeline. The Nebraska Public Service Commission,…

Can OPEC Control The Oil Bulls In Vienna?

Nov 20, 2017 at 15:26 | Tsvetana Paraskova

Until a month ago, oil analysts and investors thought a nine-month extension of the OPEC production cut agreement was a foregone conclusion.     But as the November 30 meeting draws…

Is The LNG Glut Real?

Nov 20, 2017 at 15:16 | Nick Cunningham

LNG prices have tanked over the past few years after a wave of new natural gas export capacity has come online in places like Australia and the U.S. However, despite…

Can Argentina Replicate The U.S. Shale Boom?

Nov 17, 2017 at 17:12 | Nick Cunningham

Argentina has consistently been hyped as the location where the next shale revolution will unfold. The unfolding has taken some time, but progress in shale production is starting to take…

Is This The New Sweet Spot For Shale?

Nov 17, 2017 at 17:12 | Tsvetana Paraskova

Over the last year, ‘permania’ has become so frenzied that the land rush drove exploration rights prices in West Texas sky high—and along with it, equipment and labor costs. So,…

When Will Oil Demand Begin To Taper Off?

Nov 17, 2017 at 17:11 | Gregory Brew

It’s possible that 2017 may go down as the year when the concept of peak oil demand went from speculation to potential reality, as companies and energy analysts began estimating…

Iraq Struggles To Keep Oil Exports Elevated

Nov 17, 2017 at 14:02 | Matt Smith

Since the Kurdish referendum in late September, when Iraqi Kurds overwhelmingly voted for independence from Iraq, there has been a drop in crude flows through the Kirkuk-Ceyhan pipeline, as tension…

Markets Shrug On Flat Oil Rig Count

Nov 17, 2017 at 12:21 | Julianne Geiger

The number of oil and gas rigs in the United States rose again this week, this time by 8, according to Baker Hughes, ending a short-lived downward trend in weeks…

Chinese Crude Inventories Fall For First Time In 12 Months

Nov 17, 2017 at 09:32 | Irina Slav

The crude oils stockpiles of China fell for the first time in 12 months on the back of a drop in imports to the lowest in a year and robust…

Norway’s $1 Trillion Wealth Fund Looks To Dump Oil & Gas Stocks

Nov 16, 2017 at 15:41 | Nick Cunningham

The global campaign to divest from fossil fuels may have just picked up its most significant ally to date – the largest sovereign wealth fund in the world. Norway’s trillion-dollar…

Why Saudi Arabia Should Fear U.S. Oil Dominance

Nov 15, 2017 at 16:28 | Gregory Brew

One of the more important recent developments in global energy is the resurgence of U.S. energy production, thanks in large part to the shale revolution. Now, after half a century…

What Happens If The OPEC Deal Extension Fails?

Nov 15, 2017 at 16:16 | Nick Cunningham

The oil market has already factored in an extension of the OPEC deal, with the working assumption that the cuts will be extended through the end of 2018. But what…

Can Russia Break Its Oil Dependence?

Nov 15, 2017 at 15:09 | Irina Slav

Despite improving oil prices, Russia’s economic growth is slowing, with GDP rise for the third quarter at 1.8 percent on an annual basis, versus 2.5 percent for the…

Falling Iraqi Oil Output Drags OPEC Production Down

Nov 15, 2017 at 13:35 | Ron Patterson

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through October 2017 and is in thousand barrels per day.…

China Resumes Oil Hoarding Despite Higher Prices

Nov 15, 2017 at 10:52 | Irina Slav

Satellite imaging data suggests that China has started to build its crude oil inventories after two months of declines, Orbital Insight said. According to the company’s data, the first…

Oil Prices Slip After EIA Reports Builds Across The Board

Nov 15, 2017 at 09:42 | Irina Slav

A day after the American Petroleum Institute took the market by surprise reporting a 6.513-million-barrel build in inventories, the Energy Information Administration confirmed inventories had risen last week…

IEA’s Shocking Revelation About U.S. Shale

Nov 14, 2017 at 17:11 | Nick Cunningham

The oil market is exhibiting signs of having reached a “new normal,” according to the IEA, with the floor for oil prices jumping from $50 to $60 per barrel. But…

U.S. Shale To Beat Saudi Production Growth

Nov 14, 2017 at 11:45 | Irina Slav

U.S. shale oil and gas production is set to grow at a record-breaking rate over the next eight years, the International Energy Agency said in its latest World Energy…

OPEC Sees Oil Demand Soaring In 2018

Nov 13, 2017 at 11:57 | ZeroHedge

True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production... (Click to…

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