• 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
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Oil Moves Down on Inventory Rise

Oil Moves Down on Inventory Rise

Crude oil prices inched lower…

Energy / Crude Oil

Is Putin’s Support For An OPEC Freeze A Game Changer?

Sep 02, 2016 at 17:26 | Nick Cunningham

In August, when OPEC floated the idea of meeting once again to discuss the possibility of a production freeze, oil prices skyrocketed, ending the bear market that had…

Oil Majors Are Eyeing Up Mexico’s Next Oil Auction

Sep 02, 2016 at 16:58 | Oxford Business Group

Amid growing interest from international oil companies, Mexico is launching the second round of auctions for offshore oil blocks early next year. The auctions are set to attract…

Venezuela’s Oil Output Set To Collapse As 1 Million Take To The Streets

Sep 02, 2016 at 10:59 | Nick Cunningham

Hundreds of thousands of protesters took to the streets in Caracas on September 1, demanding the removal of Venezuelan President Nicolas Maduro. Estimates peg the number of protesters…

Private Equity Senses Market Bottom, Pouring Money Into Texas Shale

Sep 01, 2016 at 16:15 | Michael McDonald

In a sign of just how competitive the rebounding energy market could become, private equity firms are jumping into the rebounding Texas market. As retail investors weigh the…

Saudi Arabia Just Boosted The Odds Of An OPEC Deal

Sep 01, 2016 at 14:37 | Charles Kennedy

Expectations for the success of the upcoming OPEC meeting in Algeria continue to seesaw, with comments from top officials from member countries continuing to alter oil market sentiment.…

OPEC Pumps Record Crude In August

Sep 01, 2016 at 12:12 | Tsvetana Paraskova

OPEC’s crude production increased by 40,000 bpd in August over July to a record-high in recent times, with Saudi Arabia likely setting a fresh output record, according to…

The Biggest Wildcard For Oil Prices Right Now

Sep 01, 2016 at 10:39 | ZeroHedge

At the end of July, we wrote an article titled "Oil Bulls Beware: Crude Demand Is About To Slide As China's SPR Is "Close To Capacity" which…

Slashing Dividends: The Only Option Left For Big Oil?

Aug 31, 2016 at 16:03 | Nick Cunningham

The oil majors will have an extraordinarily difficult time trying to maintain their hefty dividends in today’s oil market environment, and unless oil prices rebound substantially, companies may…

Oil Wars: Can Russia Hold Off Middle Eastern Oil In Eastern Europe

Aug 31, 2016 at 14:49 | Gefira

Russia still has supremacy over Central and Eastern Europe, especially over its crude oil market. However, Middle-East countries like Saudi Arabia, Iraq and Iran, have recently entered this…

What Iraqi’s Support For An OPEC Freeze Means For Oil

Aug 31, 2016 at 11:52 | Charles Kennedy

Iraq surprised the oil market this week by insisting that it would support an output freeze at the upcoming OPEC meeting in Algeria. The comments upend expectations about…

Oil Price Spike Inevitable As New Discoveries Hit Seventy-Year Low

Aug 30, 2016 at 15:28 | Nick Cunningham

The oil industry only discovered about 2.7 billion barrels of new supply in 2015, a tiny fraction of the annual average for the past fifty years. The dismal result was…

Has The Gulf Of Mexico Fallen Out Of Favor With The Oil Majors?

Aug 26, 2016 at 18:02 | Tsvetana Paraskova

A glitch interrupted the first-ever U.S. livestream of an oil lease sale on Wednesday, and although it didn’t affect the bidding, this epic fail provided just the right…

U.S. Sees Unchanged Oil Rig Count As Canada Boasts 19 New Oil Sites

Aug 26, 2016 at 13:15 | Zainab Calcuttawala

Friday’s Baker Hughes report heralded the end of eight straight weeks of U.S. oil rig gains, which boasted a net change of zero, hopefully subduing, even if…

Yemen’s Houthi Forces Claim Missile Hit On Saudi Aramco Oil Facilities

Aug 26, 2016 at 10:24 | Tsvetana Paraskova

Yemeni Shiite Houthi rebels have reportedly fired missiles targeting Saudi Aramco, allegedly damaging the oil giant’s facilities in southwestern Saudi Arabia on Friday, according to local Houthi-affiliated…

The Best Way To Unlock Canada’s Crude Exports

Aug 25, 2016 at 15:07 | Matt Slowikowski

Anyone who has ever tried to start a car in -40?C weather knows the challenges of living in the true white north. Oil becomes almost solid, and all…

China’s Oil Majors Are Burning Through Oil Reserves

Aug 25, 2016 at 11:00 | Charles Kennedy

China’s state-owned oil companies have been beaten down by low oil prices and stagnant demand at home. PetroChina and Cnooc reported dismal earnings this week, and offered…

Why Oil Investors Should Look Beyond The OPEC Meeting

Aug 25, 2016 at 09:41 | Todd Royal

The recent rally had investors of all sizes ecstatic at the prospect of oil rising when in reality it had more to do with short seller contracts coming…

Iraq Needs Oil Companies to Drill More, But Can it Pay?

Aug 24, 2016 at 17:25 | Nick Cunningham

The Iraqi government is asking international oil companies operating in the country to continue to produce oil, but to get used to lower oil prices. Iraq’s oil minister…

Is Doomsday Inevitable For Venezuela?

Aug 24, 2016 at 16:56 | Luis Colasante

Venezuela is facing the worst economic and humanitarian crisis in its history. Venezuela has been hit by the 24 months collapse in oil prices. Its economy is expected…

Battle For Crude Market Share In China Heats Up Again

Aug 24, 2016 at 10:59 | Matt Smith

Oil prices are looking lower, facing headwinds of a stronger dollar and a bearish oil inventory report. Hark, here are six things to consider in oil markets today:…

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