• 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
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 6 days If hydrogen is the answer, you're asking the wrong question
  • 9 hours How Far Have We Really Gotten With Alternative Energy
  • 10 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Energy / Crude Oil

Oil Glut Set To Worsen As Libya Unblocks 300,000 Bpd Of Production

May 20, 2016 at 11:56 | Charles Kennedy

After a three-week blockade of its eastern port of Hariga over rival government wrangling, Libya has now resumed exports from the port and could soon be ramping up…

Iran Closes In On Saudis As Oil Exports Soar

May 20, 2016 at 10:17 | James Burgess

Market data from Reuters shows that Iranian crude oil exports in April reached 2.3 million barrels per day, exceeding forecasts, while May exports are expected to be around 2.1 million…

Despite Low Oil Prices, Kuwait Plans To Invest $42 Billion By 2022

May 19, 2016 at 16:58 | Charles Kennedy

Kuwait’s state-run oil company is planning US$42 billion in investments by 2022, as the country pursues a three-fold strategy to increase oil production, expand its refineries and…

Oil-for-Drugs Swap: India’s Answer to Venezuela’s Unpaid Bills

May 19, 2016 at 10:46 | Charles Kennedy

Venezuela can’t pay its millions of dollars in debt to Indian pharmaceutical companies, say Indian officials, so officials are considering a proposal that would see the Latin American…

Iraq Facing Perfect Storm

May 18, 2016 at 16:52 | Irina Slav

Iraq has been pumping oil at record-high rates since the start of the year, with daily output reaching 4.31 million barrels last month, most of which was…

Nigerian Oil Output Falls 800,000 Barrels As Militants Step Up Attacks

May 18, 2016 at 12:41 | Charles Kennedy

Attacks on energy infrastructure continue to bombard the oil majors operating in the Niger Delta. The latest victim was Italian oil giant Eni, who told UPI in…

Will U.S. Shale Stage A Comeback As Oil Nears $50?

May 17, 2016 at 16:05 | Nick Cunningham

The casualty list in the oil and gas sector continues to climb. On Monday, unable to keep up with its mountain of debt, SandRidge Energy filed for…

Oklahoma Oil Industry About To Lose Tax Rebates

May 17, 2016 at 13:29 | Irina Slav

The Oklahoma Senate has suspended a tax incentive for the oil industry that’s likely to see a lot of small producers go under. Oklahoma is facing a budget…

China’s Oil Industry Is Faltering, Production Falls 5%

May 16, 2016 at 16:11 | Nick Cunningham

Low oil prices and spending cuts are cutting into China’s oil production, a little known source of output declines that are helping to balance the market. New data…

Why Jim Chanos is Shorting the Oil Majors

May 16, 2016 at 15:57 | Rakesh Upadhyay

Famous short seller Jim Chanos is shorting oil majors Royal Dutch Shell Plc and Chevron Corp, according to Bloomberg. He is operating under the belief that the…

Falling Chinese Demand Could Intensify The Oil War

May 13, 2016 at 18:03 | Jacob Hess

The Chinese slowdown did more than drag down its own economy, it singlehandedly created financial tremors throughout the global financial markets. With consistent growth rates well…

What Experts Miss When Discussing Peak Oil

May 13, 2016 at 17:35 | Gail Tverberg

For a long time, a common assumption has been that the world will eventually “run out” of oil and other non-renewable resources. Instead, we seem to…

As The U.S. Rig Count Continues To Plunge, Output Follows Suit

May 13, 2016 at 16:43 | Charles Kennedy

Baker Hughes published the latest oil rig count today—and although not surprising, the news that the oil rig count fell for the eighth straight week…

OPEC Is Dead, What’s Next?

May 11, 2016 at 16:04 | Irina Slav

OPEC is dead, Rosneft’s head Igor Sechin has told Reuters. In a fine example of stating the obvious – at least to those who have…

The Real Beneficiaries Of The U.S. Export Ban

May 11, 2016 at 15:56 | Michael McDonald

Several months on from the lifting of the U.S. oil export ban, it’s becoming clear that one unexpected group had benefited considerably from the restriction –…

Rousseff Impeachment May Breathe Life Into Petrobras

May 11, 2016 at 11:46 | Michael McDonald

Petrobras’ stock has been a disaster for investors for years. Even when virtually every other oil company on the planet was seeing their stock move higher,…

Big Oil Pulls The Plug On Arctic Oil, Relinquishes Drilling Rights

May 11, 2016 at 11:29 | Charles Kennedy

The prospect of producing oil from the U.S. Arctic looks increasingly remote as the oil industry walks away from drilling leases. After Royal Dutch Shell pulled…

Oil Spikes After EIA Reports Surprise Draw

May 11, 2016 at 10:23 | Matt Smith

Fifty-two years to the day after The Beach Boys released ‘I Get Around’, and the crude complex is sympatico with this notion. As the market tries…

Can Saudi Arabia Really Break Its Dependence On Oil?

May 10, 2016 at 16:50 | Gregory Brew

Saudi Arabia appears committed to its recently-announced long-term economic plan, dubbed Vision 2030, which aims to remove the country’s economic dependence on oil exports within the…

How Suncor Has Become The King Of Canadian Oil Sands

May 10, 2016 at 16:32 | Omar Mawji

Suncor: King of Canada’s Oil Sands Canada’s oil sands are the third largest oil deposit in the world behind Saudi Arabia and Venezuela. The largest oil…

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