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OPEC+ Gears Up For Production Cuts

OPEC+ Gears Up For Production Cuts

Oil prices rose once again…

No, The U.S. Is Not A Net Exporter Of Crude Oil

No, The U.S. Is Not A Net Exporter Of Crude Oil

Bloomberg recently reported that the…

Energy / Crude Oil

U.S. Refiners Make Case Against Oil Exports

U.S. Refiners Make Case Against Oil Exports

Mar 12, 2014 at 17:25 | Daniel J. Graeber

Record-setting levels of U.S. oil production have sparked calls from industry officials and policymakers to reverse a 1970s ban on crude oil exports. Dissent, however, is emerging from inside the…

Nigeria’s Missing Oil Money Sparks Political Crisis

Nigeria’s Missing Oil Money Sparks Political Crisis

Mar 12, 2014 at 17:15 | Charles Kennedy

Over a month after Nigerian President Goodluck Jonathan suspended the country’s Central Bank governor after he blew the whistle on $20 billion in oil money allegedly missing from state…

Can Oil Turn Beirut into a New Dubai or a New Baghdad?

Can Oil Turn Beirut into a New Dubai or a New Baghdad?

Mar 11, 2014 at 16:57 | Claude Salhani

The discovery of an important deposit of oil and natural gas in the Eastern Mediterranean Sea a few years ago in a triangular area just off the coasts of Israel,…

China’s Oil Discoveries - 1.08 Billion Tons

China’s Oil Discoveries - 1.08 Billion Tons

Mar 10, 2014 at 17:41 | John Daly

China’s voracious energy needs have been a source of concern for government officials for years. Ironically, China was a net oil exporter until the early 1990s and became the world's…

Rail Muscles Its Way into U.S. Oil Boom Narrative

Rail Muscles Its Way into U.S. Oil Boom Narrative

Mar 07, 2014 at 16:59 | Daniel J. Graeber

Despite mounting concerns about safety, and developments in the midstream sector, John Gray, a senior vice president of the Association of American Railroads, said crude oil is now a key…

The 3 Most Important Numbers in Energy

The 3 Most Important Numbers in Energy

Mar 07, 2014 at 13:56 | Editorial Dept

The Insider’s weekly run-down of critical figures and happenings from around the energy world.$1.34. Value of proved reserves created in 2013 for each $1 spent by Gulf of…

Claimants Win Legal Battle with BP over Oil Spill

Claimants Win Legal Battle with BP over Oil Spill

Mar 06, 2014 at 17:07 | Charles Kennedy

In another major legal setback for British-based oil giant BP, a US court has ruled that businesses claiming losses due to the 2010 Gulf of Mexico oil spill will not…

Pipeline to Turkey Intensifies Dispute Over Iraqi Oil

Pipeline to Turkey Intensifies Dispute Over Iraqi Oil

Mar 05, 2014 at 16:50 | Global Risk Insights

Turkey has bought oil from the Kurdish region in northern Iraq before, but oil transfer was carried out by trucks, which kept the amount of exports at a minimal level.…

Ukraine Refinery Halts Amid Tensions with Russia

Ukraine Refinery Halts Amid Tensions with Russia

Mar 03, 2014 at 16:18 | James Burgess

Russia’s Lukoil has reportedly halted all oil supplies to Ukraine’s Kherson refinery in Odessa ostensibly over unpaid debts as political chaos engulfs the country with the refinery’s director and…

Emergency Order to Avoid Oil Train Disasters

Emergency Order to Avoid Oil Train Disasters

Feb 27, 2014 at 16:34 | Charles Kennedy

US federal regulators on Tuesday issued an emergency order for tougher testing of crude oil before shipment by rail to determine sensitivity to potential explosion and fire.

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