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Falling Iraqi Oil Output Drags OPEC Production Down

Falling Iraqi Oil Output Drags OPEC Production Down

OPEC’s total crude production has…

Chinese Crude Inventories Fall For First Time In 12 Months

Chinese Crude Inventories Fall For First Time In 12 Months

Chinese crude oil inventories have…

Energy / Crude Oil

Carving Up Iraq, Barrel by Barrel

Carving Up Iraq, Barrel by Barrel

Jun 01, 2012 at 16:54 | Jen Alic

Iraq’s latest energy auction was a flop, and while major international companies balked at everything from unattractive contract terms to security concerns, the failure of the auction highlights how the…

Curtain Closing on Canadian Crude

Curtain Closing on Canadian Crude

May 31, 2012 at 17:54 | Daniel J. Graeber

Shell announced plans to expand its oil sands operations in Alberta province by as much as 90,000 bpd and said similar efforts were under way to make the country's western…

Canada - More of the Great White North Up for Energy Development?

Canada - More of the Great White North Up for Energy Development?

May 30, 2012 at 17:09 | John Daly

Quick – which is the U.S.’s biggest supply of non-OPEC oil? Canada - according to the U.S. Energy Administration, the United States total crude oil imports now average 9.033…

Shell Spent $4 Billion in Campaign to Open the Arctic for Oil Drilling

Shell Spent $4 Billion in Campaign to Open the Arctic for Oil Drilling

May 25, 2012 at 16:57 | Juan Cole

Alice Ross writes at The Bureau of Investigative Journalism:Offshore oil drilling in the Arctic has long been considered off-limits – but as the New York Times revealed .…

The Staggering Scale of Oil Theft in Nigeria

The Staggering Scale of Oil Theft in Nigeria

May 24, 2012 at 17:49 | John Daly

That corruption is associated with oil production is acknowledged to be a worldwide problem.But the scale of corruption in Africa is in a class by itself, particularly in…

OPEC's View of the World Oil Market

OPEC's View of the World Oil Market

May 23, 2012 at 17:29 | Dave Summers

It is interesting to read the viewpoint of OPEC each month, as it relates to global oil supply, and the numbers that they rely on to estimate how much…

No One Can Afford Another Round of Iran Sanctions

No One Can Afford Another Round of Iran Sanctions

May 21, 2012 at 14:21 | Jen Alic

As Iran and the P5+1 prepare to meet in Baghdad on 23 May for the next round of nuclear talks, Europe should be seriously considering the implications of its planned…

India Decides to Invest in the Oil Potential of the Falklands

India Decides to Invest in the Oil Potential of the Falklands

May 16, 2012 at 18:17 | John Daly

Britain and Argentina have been feuding over the sovereignty of the Falkland Islands for 180 years, and 1982 fought a brief but vicious war over them.Much has changed…

Libya: A Real World Syriana

Libya: A Real World Syriana

May 14, 2012 at 22:38 | Daniel J. Graeber

A curtain is slowly getting drawn back on the death of Shokri Ghanem, the former head of the Libyan oil industry found floating in the Danube River last month. Rumors…

New IMF Model is Far More Accurate at Predicting Oil Production

New IMF Model is Far More Accurate at Predicting Oil Production

May 11, 2012 at 17:18 | Gail Tverberg

The International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of interest to people who…

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