• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 22 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Energy / Crude Oil

Is ISIS Giving Up On Oil?

Oct 25, 2016 at 17:10 | Zainab Calcuttawala

Since the Iraqi army drove out Islamic State forces from the oil-rich towns of Shargat and Qayyarah last month, ISIS has lost its ability to produce oil and profit…

Canadian Oil Is Building A Wall And Mexico Is Paying For It

Oct 25, 2016 at 09:34 | Omar Mawji

Mexico and Canada have been waging a silent battle for market share in the U.S. crude oil refining market. Since 2006, crude oil exports from Canada and Mexico to the…

Venezuelan Bond Swap Deal: Good News For U.S. Refiners

Oct 24, 2016 at 14:50 | Tsvetana Paraskova

Fears of a possible default by Venezuela’s cash-strapped oil company PDVSA have mounted in recent weeks, but can now rest easy, after Venezuela managed to get credit holders to agree…

Oil Prices Fall As Iraq Goes Rogue, Refuses To Scale Back Production

Oct 24, 2016 at 11:45 | Irina Slav

In the latest turn of events regarding OPEC’s plan to cut production, Iraq said on Sunday that it should be exempted from output cuts because of the war it…

Ayatollah Khamenei Accuses OPEC Members Of Waving The Oil Weapon

Oct 24, 2016 at 10:25 | Irina Slav

Ayatollah Ali Khamenei, Iran’s Supreme Leader, accused unnamed OPEC members of using oil as a weapon to the benefit of the U.S. The accusations were leveled via Twitter, following…

The $1.7 Trillion Oil Industry Isn’t Going Anywhere

Oct 21, 2016 at 17:14 | Zainab Calcuttawala

This week’s oil prices put the industry at a value of $1.7 trillion – almost three times larger than the $660 billion in revenues generated from all major raw metals…

U.S. Oil And Gas Is Changing To Survive

Oct 21, 2016 at 10:22 | Oil & Gas 360

''Come writers and criticsWho prophesize with your penAnd keep your eyes wideThe chance won’t come again.'' Nobel Prize winner Bob Dylan must have been an…

The Power To Make Or Break Nations—The World’s $1.7 Trillion Oil Business

Oct 20, 2016 at 15:55 | Zainab Calcuttawala

The oil bust, today’s volatile market and relentless OPEC chatter, it’s easy to lose sight of the fact that the oil market—even at current valuations—is somewhere near the $1.7 trillion…

‘’Russia Could Add Another 4 Million Bpd To Daily Output’’

Oct 20, 2016 at 10:00 | Irina Slav

Russia could boost its already record-high crude oil production by another 4 million barrels daily, said Rosneft’s head Igor Sechin. Sechin, speaking at the 5th Eurasian forum in Verona,…

Oil Executives Have Little Appetite For Deepwater Drilling

Oct 19, 2016 at 16:03 | Nick Cunningham

With oil prices potentially set to stay low for years to come, the future of deepwater drilling is very much up in the air. The world’s top oil executives have…

Saudi Oil Minister: Non-OPEC Producers Are Ready To Join Output Cut

Oct 19, 2016 at 10:59 | Irina Slav

“Many countries” outside OPEC are willing to join the negotiations on a crude oil production reduction initiated by the cartel last month. That’s what Saudi Arabia’s oil minister Khalid al-Falih…

Oil Won’t Crash Before The OPEC Meeting

Oct 18, 2016 at 11:25 | ZeroHedge

As we reported last week, just as OPEC announced a new monthly production record, with total output rising by 220kbpd to a record 33.4mmbpd...

Saudi Arabia Reports Lower Output, Exports In August

Oct 18, 2016 at 09:22 | Irina Slav

Saudi Arabia pumped a daily average of 10.63 million barrels of crude in August, a 400,000 bpd decline on peak production in July, prompted by seasonally high demand. Exports…

Can Iran Sign $10 Billion In Oil Deals Before March?

Oct 17, 2016 at 14:56 | Zainab Calcuttawala

It has been ten months since the international community lifted sanctions against Iran’s oil and gas sector, paving the way for the country to rebuild its lost production capacity and…

The Biggest Opportunity Right Now In Oil And Gas

Oct 17, 2016 at 12:30 | Dave Forest

Offshore exploration has been a rare bright spot for the global oil and gas industry lately. Some of the movement in the offshore sector is coming as governments get more…

Oil Hits Ceiling At $50 Per Barrel

Oct 14, 2016 at 14:23 | Evan Kelly

Oil prices fell back to $50 on Friday afternoon, after the U.S. rig count hit eight year highs.  

The Truth About Permian Shale Break-Even Prices

Oct 13, 2016 at 14:35 | Irina Slav

Despite OPEC’s best efforts, shale boomers are still alive and kicking—at least some of them. More precisely, those that came first, chose the best acreage, and had the farsightedness needed…

Oil Prices Extremely Volatile After Massive Crude Build

Oct 13, 2016 at 10:28 | Irina Slav

The Energy Information Administration tipped markets towards bear territory when it reported that U.S. crude oil inventories had jumped by 4.9 million barrels in the week to October 7.…

Billions Of Barrels Of Undiscovered Oil May Lie Under Barents Sea

Oct 13, 2016 at 10:06 | Tsvetana Paraskova

The latest 3D seismic surveys suggest that there may be billions of barrels of undiscovered oil in the Barents Sea, according to a geology and geophysics expert in an…

Taliban Oil: Did Afghanistan Recover A Hidden Oil & Gas Treasure?

Oct 12, 2016 at 16:36 | Zainab Calcuttawala

In the 1990s, the California-based Unocal Corporation invited a delegation from the Afghan Taliban to their headquarters in Sugar Land, Texas, to discuss prospects for constructing a 1700-kilometer Peace Pipeline,…

Oilprice - The No. 1 Source for Oil & Energy News