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Saudi Oil Inventories Continue To Plummet

Saudi Oil Inventories Continue To Plummet

Saudi Arabia’s crude oil inventories…

Energy / Crude Oil

Australia – Next Petro Superstate?

Australia – Next Petro Superstate?

Jul 17, 2013 at 17:04 | John Daly

Australia’s massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely.The U.S. government’s Energy Information Administration noted in its country’s analysis…

Will Central Asia Replace the Middle East as Prime Oil Source?

Will Central Asia Replace the Middle East as Prime Oil Source?

Jul 16, 2013 at 17:16 | Claude Salhani

One of the prime reasons why the Middle East holds such importance to the West is partiality because it is the main supplier of oil and natural gas to countries…

Why are Oil Inventories Down if Production is Increasing and Demand is Falling?

Why are Oil Inventories Down if Production is Increasing and Demand is Falling?

Jul 16, 2013 at 17:06 | Dian L. Chu

The 20 Million Drawdown in a sluggish economyThe last two weeks oil inventories fell by a record 20 million barrels, this event has never happened in 30 years…

Is it Time to Stop Worrying about Peak Oil?

Is it Time to Stop Worrying about Peak Oil?

Jul 15, 2013 at 18:14 | Futurity

Demand for oil will reach its own peak and decline before humans deplete the Earth’s supply of oil, experts say.“Peak oil” prognosticators have painted pictures of everything from…

British North Sea Oil Decline Opens Window for Smaller Producers

British North Sea Oil Decline Opens Window for Smaller Producers

Jul 12, 2013 at 19:41 | John Daly

British oil production from its offshore North Sea oil fields began in 1975, alongside Norway.The two countries pursued very different policies as regards investing the cash windfall –…

Oil May Determine South Sudan's Future

Oil May Determine South Sudan's Future

Jul 12, 2013 at 19:36 | Daniel J. Graeber

Oil exports from South Sudan are expected to gain steam in the coming months. The country last week celebrated its second anniversary as an independent country and only recently resumed…

Is Canada's Oil Charm Offensive Yesterday's News?

Is Canada's Oil Charm Offensive Yesterday's News?

Jul 11, 2013 at 17:47 | Daniel J. Graeber

Canadian oil production is expected to be in a boom cycle for the next 20 years or so, fed largely by oil sands production in Alberta. Smaller players in the…

West-East Bitumen Pipeline in Canada Gets Boost

West-East Bitumen Pipeline in Canada Gets Boost

Jul 11, 2013 at 17:44 | Robert M Cutler

This week the province of Alberta signed a memorandum of understanding to pay up to $5 billion in tolls for transportation of its crude oil to eastern Canada. What is…

China’s Oil Demand Set to Fall as Environment Finally comes before Economy

China’s Oil Demand Set to Fall as Environment Finally comes before Economy

Jul 10, 2013 at 16:53 | Post Carbon

This spring, I spent three weeks traveling around China and needless to say, I, along with every other visitor, was impressed by the economic progress the Chinese have made in…

For Better or Worse, Big Oil has Big U.S. Future

For Better or Worse, Big Oil has Big U.S. Future

Jul 06, 2013 at 15:33 | Daniel J. Graeber

Oil major Shell announced it drilled into a discovery in the Gulf of Mexico that is estimated to hold as much as 100 million barrels of oil equivalent. Shell made…

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