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There’s No Sugarcoating Canada’s Oil Crisis

There’s No Sugarcoating Canada’s Oil Crisis

Beyond heavy oil production in…

Energy / Crude Oil

Oil Price Tumbles After OPEC Releases 2015 Forecast

Oil Price Tumbles After OPEC Releases 2015 Forecast

Dec 10, 2014 at 10:31 | Andy Tully

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s…

US Supreme Court Rejects BP Appeal

US Supreme Court Rejects BP Appeal

Dec 09, 2014 at 17:21 | Colin Chilcoat

Four years later, it is clear BP gravely miscalculated the magnitude of their mistake. On Monday, the United States Supreme Court rejected BP’s settlement appeal regarding 2010’s Deepwater Horizon…

World Proved Oil Reserves Data A Work Of Fiction

World Proved Oil Reserves Data A Work Of Fiction

Dec 09, 2014 at 17:11 | Ron Patterson

The EIA publishes Annually a list of World Proved Reserves of Crude Oil. Though all charts in this post use the EIA data, BP, the IEA and virtually every…

The OPEC Conundrum: Expect Production Cuts Before June 2015

The OPEC Conundrum: Expect Production Cuts Before June 2015

Dec 08, 2014 at 17:17 | Euan Mearns

When OPEC met on 27th November they decided to leave production unchanged and to not meet again until June 2015. This at a time of volatility in oil markets and…

Norway’s Oil Decline Accelerating

Norway’s Oil Decline Accelerating

Dec 05, 2014 at 17:16 | Nick Cunningham

New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has painstakingly sought to…

Signs Of Peak Oil Starting To Emerge

Signs Of Peak Oil Starting To Emerge

Dec 05, 2014 at 15:33 | Euan Mearns

What caused the recent crash in the oil price from $110 (Brent) in July to $70 today and what is going to happen next? With the world producing 94 Mbpd…

The Technical Trend Is Down But Is A Turnaround Coming Soon?

The Technical Trend Is Down But Is A Turnaround Coming Soon?

Dec 05, 2014 at 10:39 | Jim Hyerczyk

Last week, OPEC triggered a sell-off in January Crude Oil when it decided to refrain from making a production cut. The almost 10% break in prices was triggered by sell…

Global Drilling Slowdown On The Way

Global Drilling Slowdown On The Way

Dec 03, 2014 at 13:27 | Euan Mearns

Baker Hughes rig count statistics show how drilling reacted to earlier falls in the oil price. There is always a time lag of months between an oil price event…

Is The Arctic Dream Dead?

Is The Arctic Dream Dead?

Dec 02, 2014 at 16:36 | Colin Chilcoat

The Arctic offshore will be drilled; it’s only a matter of time. However, the dream to have commercially viable production in the immediate future may very well be dead. Continually…

Will OPEC’s Decision Lead To The End Of The American Shale Dream?

Will OPEC’s Decision Lead To The End Of The American Shale Dream?

Dec 02, 2014 at 15:16 | Kurt Cobb

To paraphrase Mark Twain: Rumors of OPEC's demise have been greatly exaggerated. Breathless coverage of the rise in U.S. oil production in the last few years has led some to…

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