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Energy / Crude Oil

World’s Most Expensive Oil Project Just Got More Costly

World’s Most Expensive Oil Project Just Got More Costly

Oct 14, 2014 at 16:35 | Nick Cunningham

Just as oil prices hit multiyear lows, several oil majors announced some more terrible news. The Kashagan oil field – the world’s most expensive oil project – will…

How Long Can U.S. Production Survive Low Oil Prices?

How Long Can U.S. Production Survive Low Oil Prices?

Oct 13, 2014 at 16:42 | James Hamilton

For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20 discount. But in September Brent…

Why Appearances Can Be Deceiving In European Oil Markets

Why Appearances Can Be Deceiving In European Oil Markets

Oct 10, 2014 at 10:33 | Martin Tillier

When markets in general or particular sectors come under pressure, those of us of a contrarian bent start looking around for bargains. Oil company stocks and European stocks have both…

Why Peak Oil Predictions Haven’t Come To Pass

Why Peak Oil Predictions Haven’t Come To Pass

Oct 09, 2014 at 12:49 | Gail Tverberg

On Monday, September 29, the Wall Street Journal (WSJ) published a story called “Why Peak Oil Predictions Haven’t Come True.” The story is written as if there are only…

Russian Shale Boom Unlikely As Sanctions Force Another Company Out

Russian Shale Boom Unlikely As Sanctions Force Another Company Out

Oct 08, 2014 at 17:39 | Andy Tully

First, it was the U.S. company ExxonMobil. Then, France’s Total. Now western sanctions against Russia have led Royal Dutch Shell to discontinue its work with Gazprom Neft extracting shale oil…

When Needs Must: EC Greenlights Canadian Oil Sands Imports

When Needs Must: EC Greenlights Canadian Oil Sands Imports

Oct 08, 2014 at 17:11 | Andy Tully

Canada’s oil sands have long had a problem: They not only emit greenhouse gases when they’re burned as fuel, but they also require resource-intensive scouring when they’re produced.But…

Petrobras May Get Political Respite Finally

Petrobras May Get Political Respite Finally

Oct 06, 2014 at 18:02 | Martin Tillier

Over the last few years, stock in the Brazilian state-controlled oil company Petroleo Brasileiro S.A., or Petrobras (PBR), has confounded those who track traditional measures of valuation. The stock has…

Exxon Chief Says U.S. Oil Export Ban No Longer Necessary

Exxon Chief Says U.S. Oil Export Ban No Longer Necessary

Oct 06, 2014 at 17:54 | Andy Tully

Rex Tillerson, ExxonMobil’s CEO, says the ban on exports of U.S. crude oil that’s been in effect for decades is no longer necessary and a lifting of regulatory constraints on…

Weather The Oil Storm For Real Rewards

Weather The Oil Storm For Real Rewards

Oct 03, 2014 at 15:46 | Dan Dicker

It’s just perfect, that I would appear on CNBC’s halftime report for the first time in a year and a half predicting much higher oil prices, and watch today as…

How Islamic State Uses Oil To Fund Its Onslaught

How Islamic State Uses Oil To Fund Its Onslaught

Oct 01, 2014 at 17:47 | Claude Salhani

In a remote area along the Turkish-Syrian border, a line of oil trucks materializes seemingly from nowhere. Quietly, the vehicles line up to purchase oil. The drivers will pay about…

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