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Will Colombia’s Oil Industry Survive The 2022 Presidential Election?

Will Colombia’s Oil Industry Survive The 2022 Presidential Election?

Colombia’s upcoming presidential election could…

Energy / Crude Oil

Putin Strengthens his Grip on World Energy with TNK-BP Deal

Oct 26, 2012 at 17:54 | Marin Katusa

Exxon Mobil is no longer the world's number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft,…

Why Shale Oil Will Never be a Game Changer

Oct 26, 2012 at 17:50 | The Oil Drum

The impact of unconventional fuels like shale oil on the global energy system is still an issue of great uncertainty. Not so much because of the size of the tank…

Why the US is NOT the New Saudi Arabia

Oct 25, 2012 at 18:17 | Dave Cohen

Here we go again, another ‘Planet Stupid’ update. All posts like this one have a predictable structure. Some egregious baloney is put out by a propaganda organization like Reuters, the…

US to Overtake Saudi Arabia? Skewing the Oil Stats

Oct 25, 2012 at 17:46 | Charles Kennedy

The headline-sweeping news led by the Associated Press this week to the effect that the US is poised to overtake Saudi Arabia as the world’s largest producer of oil buries…

Peak Oil and the Challenging Years Ahead

Oct 25, 2012 at 17:34 | Gail Tverberg

We seem to hear two versions of the story of limited oil supply:1. The economists’ view, saying that the issue is a simple problem of supply and demand.…

Can Russia Afford to Cut Itself off from Western Oil Companies?

Oct 24, 2012 at 17:12 | Al Fin

“For foreign oil companies seeking to expand production and reserves, Russia is now off limits,” Robbert Van Batenburg, head of research at Louis Capital Markets LP in New York, said…

Oil Still Calling the Cards in Mideast

Oct 23, 2012 at 17:49 | Claude Salhani

The battle for control of the Middle East, part of which is being fought today in Syria, and that this past weekend many fear has spread to engulf neighboring Lebanon,…

The Economic Benefits of Reducing Oil Imports

Oct 22, 2012 at 17:41 | James Hamilton

On Wednesday I noted that encouraging more U.S. oil production was unlikely to result in a significant drop in U.S. retail gasoline prices. Nevertheless, I believe that there would…

Could Social Upheaval in Iran Spark an Oil Bull Market?

Oct 18, 2012 at 17:57 | Marin Katusa

In the third century, greed got the best of Rome's emperors. As they spent through the silver in the treasury, one emperor after another reduced the amount of precious metal…

Using Thicker CO2 to Increase Oil Extraction Rates

Oct 18, 2012 at 17:47 | Brian Westenhaus

Oil extraction technology marches on. University of Pittsburgh engineers show crude oil extraction could be improved significantly and accessible domestic oil reserves could be expanded with their new economical…

Kazakhstan's Gigantic Kashgan Oil Field about to Begin Production

Oct 17, 2012 at 17:39 | Eurasianet

In the Caspian Sea’s choppy waters off western Kazakhstan’s coast, D-Day is approaching on a man-made mound called D Island. It is the nerve center of the Kashagan field, the…

Yet Another Attack on Turkish Pipelines

Oct 12, 2012 at 17:42 | John Daly

Turkey’s economy is one of the most booming of the Middle East, with a growth rate, despite the ongoing economic recession over the past decade, of an average 5.5…

Iraqi Oil Problems are Global Oil Problems

Oct 11, 2012 at 18:00 | Daniel J. Graeber

The Iraqi government said Wednesday it was pulling back from its plans to increase oil production dramatically within the next five years. Baghdad, beginning in 2008, has brought in international…

Smash the Rally in Oil

Oct 11, 2012 at 17:45 | Mad Hedge Fund Trader

I love it. First, Israel's right-wing prime minister, Benjamin Netanyahu, calls for a snap election. Many observers are viewing this as a referendum on war with Iran. Then, terrorists blow…

Yet Another Huge Oil Find in the Anadarko Basin

Oct 11, 2012 at 17:39 | Brian Westenhaus

Continental Resources Inc. unveiled its newest oil field with a reservoir rock of an oil-rich portion of the Woodford Shale that lies beneath oil fields tapped long ago by some…

Full Steam Ahead for Suezmax Tankers, Thanks to Iran Sanctions

Oct 10, 2012 at 17:42 | Charles Kennedy

It has not been a good year for super tankers, what with sanctions on Iran and the US shale boom that has resulted in reduced demand for cargo transport and…

Oil Industry to Face Epic Changes over the Coming Years

Oct 10, 2012 at 17:24 | Al Fin

UK based think tank Chatham House has published a new report: What Next for the Oil and Gas Industry? The report predicts a continued lessening of demand for middle…

Want Cheap Oil? Look no Further than Canada

Oct 08, 2012 at 13:40 | Frik Els

The price oil sands producers receive fell to $38 a barrel below the international benchmark oil price on Monday, leaving more than one fifth of all Alberta projects unviable.

Oil Markets Limp into Fourth Quarter

Oct 03, 2012 at 17:39 | Daniel J. Graeber

On-going concerns over the global economy helped push oil prices to recent lows, with U.S. and foreign futures down more than 2.5 percent in recent trading. Most major U.S. stock…

What Impact does Oil have on the Syrian Civil War?

Oct 02, 2012 at 17:29 | Claude Salhani

There is a popular belief in the Middle East that Washington’s foreign policy, particularly as it relates to this precarious region, is largely driven by America’s dependency on, and insatiable…

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