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How OPEC Continues To Cheat On Its Own Deal

How OPEC Continues To Cheat On Its Own Deal

OPEC oil production has once…

Has The Bear Market In Oil Finally Ended?

Has The Bear Market In Oil Finally Ended?

Recent data provides reasons to…

Energy / Crude Oil

South Sudan - The World's Newest, Fragile, Oil-Rich Petrostate

South Sudan - The World's Newest, Fragile, Oil-Rich Petrostate

Jul 11, 2011 at 08:37 | John Daly

Saturday, 9 July saw an event unusual in global politics - the emergence of a large Christan black petrostate, 90 percent of whose inhabitants live below the poverty line on…

Ambush in the Oil Market

Ambush in the Oil Market

Jun 29, 2011 at 19:38 | Mad Hedge Fund Trader

The most significant development in the financial markets during my recent sojourns in Europe was the International Energy Agency’s shocking release of strategic petroleum reserves. Unprecedented during peacetime, the move…

Saudi Arabia Using Oil as an Economic Weapon Against Iran

Saudi Arabia Using Oil as an Economic Weapon Against Iran

Jun 28, 2011 at 07:40 | Energy Digital

Saudi Arabia fears Iran's pursuit of nuclear weapons, and may flood the market with its oil reserves to bankrupt Tehran Saudi Arabia and Iran have been in a bitter dispute…

Releasing Oil From the SPR - A Desperate Economic Fix as QE2 Comes to an End?

Releasing Oil From the SPR - A Desperate Economic Fix as QE2 Comes to an End?

Jun 27, 2011 at 08:29 | Gail Tverberg

The International Energy Association (IEA) announced a plan on Thursday last week to make 60 million barrels of oil available to the market over the next month from the Strategic Petroleum…

What is Obama Trying to Achieve with Thursday’s Shocking Oil Announcement?

What is Obama Trying to Achieve with Thursday’s Shocking Oil Announcement?

Jun 25, 2011 at 08:57 | Bruce Krasting

I’m surprised by the move by the President and the IEA. What’s this about? Is it about the price of oil? Before the announcement WTI was sitting around 95. That’s…

Oil Recovery Techniques: Using Microbes to Recover Trapped Oil

Oil Recovery Techniques: Using Microbes to Recover Trapped Oil

Jun 14, 2011 at 08:34 | Brian Westenhaus

The financial crisis of 2008 and the high gasoline prices that have haunted consumers since has the Peak Oil debate pressuring enhanced oil recovery. Today there are many countries talking…

Rapidly Increasing Chinese Oil Demand

Rapidly Increasing Chinese Oil Demand

Jun 14, 2011 at 08:24 | James Hamilton

Stuart Staniford notes that the number of trucks and passenger vehicles in China has been growing at about 23% each year.

Peak Oil and our Uncertain Future

Peak Oil and our Uncertain Future

Jun 13, 2011 at 07:04 | Post Carbon

The world is beginning to look a lot like the August of 1914 or perhaps the summer of 1939 all over again. This time instead of the great powers of…

Just How Significant is the OPEC Announcement?

Just How Significant is the OPEC Announcement?

Jun 10, 2011 at 07:23 | James Hamilton

The Organization of Petroleum Exporting Countries (OPEC)  announced on Tuesday that its members could not reach an agreement to change OPEC's production quotas. How significant is that announcement? In…

Global Oil Reserves Increase by 6.6 Billion Barrels in 2010

Global Oil Reserves Increase by 6.6 Billion Barrels in 2010

Jun 10, 2011 at 07:20 | Al Fin

In the absence of replenishment by successful exploration or reserves growth, so-called 'reserves replacement', proved reserves would tend to decline over time as production depleted the existing reserve base. However,…

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