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Breaking News:

California Gasoline Prices Are Spiking

Why $80 Oil Won't Destroy Demand

Why $80 Oil Won't Destroy Demand

Global oil demand is recovering…

Energy / Crude Oil

Dipping into US Strategic Oil Reserves: A Speculator's Bonanza

Aug 24, 2012 at 15:19 | Charles Kennedy

The White House is keeping the rumor-mill afloat with hints that it may draw from US strategic oil and petroleum reserves, watching the market respond on the speculation with a…

Turkey's Genel Energy Takes Gamble in Iraq

Aug 23, 2012 at 15:02 | Daniel J. Graeber

The top executive at Turkish company Genel Energy announced a deal with Heritage Oil increased its stake in the Miran exploration block in the Kurdish north of Iraq. The block…

The Oil Sector has Been Pushed to the Limit of its Capabilities

Aug 23, 2012 at 14:33 | The Oil Drum

Leonardo Maugeri’s recent paper Oil: The Next Revolution on the presumed future abundance of oil supplies rejects the pessimistic outlook of limited increases in oil capacity over the next decade.…

Venezuela Ramps up China Oil Exports Unsettling Washington

Aug 21, 2012 at 17:17 | John Daly

The biggest geostrategic change of the past decade overlooked by Washington policy wonks in their fixation on their self-proclaimed “war on terror” is that Latin America has been throwing off…

New Layers to Canada's Oil Sand Debate

Aug 21, 2012 at 17:09 | Daniel J. Graeber

A newspaper publisher in the Canadian province of British Columbia announced plans for a refinery that would process crude oil expected from the Northern Gateway pipeline.  Canadian pipeline company Enbridge…

New Indian Oil Find - Major Discovery, or Puddle?

Aug 17, 2012 at 17:30 | John Daly

According to the U.S. government’s Energy Information Agency, “In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. Despite a…

USGS Assesses the Growth of Conventional Oil Reserves in the US

Aug 17, 2012 at 17:20 | Environmental News Network

The United States Geological Survey (USGS) is charged with the cataloguing an assessment of land formations and mineral reserves in the United States. They have recently assessed the potential additions…

Kazakhstan to Solidify Caspian Energy Role

Aug 16, 2012 at 17:42 | Daniel J. Graeber

Kazakhstan is expected to start making deliveries from its giant Kashagan oil field by the middle of next year. The state-controlled consortium managing the field set a production benchmark of…

South Sudan Considers Alternative Kenyan Pipeline to Outflank Sudan

Aug 15, 2012 at 17:37 | John Daly

The world’s newest, and Africa’s 54th nation, South Sudan, proclaimed independence on 9 July 2011, the result of an internationally observed referendum embodied in the 2005 Comprehensive Peace Agreement (CPA),…

Pipelines Apparently do Reduce Maritime Straits Congestion

Aug 14, 2012 at 17:32 | John Daly

Since the December 1991 implosion of the USSR, the Russian Federation, Azerbaijan and Kazakhstan have all seen an explosion in the development of their hydrocarbon resources. For southern neighbour…

Hell in Tajikistan: Oil Discoveries a Potential Curse

Aug 10, 2012 at 17:57 | Charles Kennedy

A major oil find by Canada’s Tethys Petroleum in Tajikistan comes at a bad time for the Central Asian country, as the security situation is about to skyrocket out of…

The Reason Behind China's Interest in Canada's Oil Sands

Aug 06, 2012 at 17:04 | Robert Rapier

Over the past two decades, Chinese oil consumption has quadrupled to nearly 10 million barrels per day. For the past decade they have been on a growth trajectory which has…

Using Microbes to Vastly Increase Recovery from Old Oil Wells

Aug 06, 2012 at 17:00 | Brian Westenhaus

The best source of oil would be to increase oil recovery from the existing reservoirs already in production.  That oil is the easy stuff as pundits like to say, because…

Kurds Hold the Aces in Iraqi Oil Sector

Aug 02, 2012 at 14:54 | Daniel J. Graeber

The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in…

Iran will Look to Refine its Crude Domestically, Rather than Export it

Aug 02, 2012 at 14:08 | Energy Digital

President Mahmoud Ahmadinejad says Iran should focus now on oil products in light of tightening sanctions Iranian President Mahmoud Ahmadinejad said Iran should stop exporting crude oil and focus on…

What the Future Holds for Our Oil Based Economy

Aug 01, 2012 at 08:08 | Daniel J. Graeber

Oilprice.com’s geopolitical editor Daniel J. Graeber was a guest on Infowars evening show last night where he discussed the following topics: • Middle East tensions and their impact on oil prices.

How the Big Five Oil Companies Spend their $375 Million Daily Profits

Jul 26, 2012 at 17:10 | Climate Progress

The Big Five oil companies – BP, Chevron, ConocoPhillips, ExxonMobil and Shell – are slated to announce their 2012 second-quarter profits later this week.We can expect these companies,…

Bears Burst Bakken Bubble

Jul 24, 2012 at 18:06 | Daniel J. Graeber

Ongoing concerns of the Spanish debt crisis dragged on international markets Monday. Oil prices, meanwhile, had rallied last week amid tensions in the Persian Gulf. By Monday, however, Iran had…

Why Big Oil wants us to Believe in Limitless Oil

Jul 23, 2012 at 17:22 | Kurt Cobb

If you're still operating under the assumption that the earth's petroleum--or at least the cheap stuff--is about to run out, you're not going to thrive in the new oil era.…

Afghan Optimism Ignores History

Jul 19, 2012 at 18:02 | Daniel J. Graeber

International oil companies from the likes of Exxon Mobil and India's ONGC Videsh are among the majors setting their sights on an October deadline to submit bids to the…

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