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Saudi Arabia Lifts Crude Prices To Asia To Record High

Saudi Arabia Lifts Crude Prices To Asia To Record High

OPEC’s most prolific oil producer…

Energy / Crude Oil

Mexico to Privatize State Oil Company Pemex?

Dec 07, 2012 at 17:08 | John Daly

Big potential changes south of the border. Mexican President-elect Enrique Pena Nieto has announced that he wants increased private investment in the nation’s energy industry.Will this include Mexican…

Will Regulators Damn Keystone XL?

Dec 07, 2012 at 17:04 | Daniel J. Graeber

Starting Tuesday, U.S. regulators will hold regular meetings on oil and natural gas pipeline safety standards. A series of pipeline issues, ranging from a deadly gas pipeline explosion in California,…

Eagle Ford: The Hottest New US Shale Play

Dec 07, 2012 at 17:02 | Charles Kennedy

Who’s hot in Eagle Ford? Right now it’s Marathon Oil (US: MRO), which has earmarked $1.9 billion of it’s $5.2 billion in 2013 capital for this south Texas shale play.…

How the US could Eliminate its Need for Crude Oil

Dec 07, 2012 at 13:53 | Futurity

The United States could eliminate its need for crude oil by using a combination of coal, natural gas, and non-food crops to make synthetic fuel, experts report.Besides economic…

Why US Oil Consumption Might Drastically Decline in the Coming Years

Dec 06, 2012 at 17:00 | James Hamilton

A lot of attention has been given to the optimistic assessments of future U.S. and Iraqi oil production in the IEA's World Energy Outlook 2012. However, perhaps even more…

U.S. Energy Department Report Supports Shale Boom Credibility

Dec 05, 2012 at 16:46 | Daniel J. Graeber

The U.S. Energy Department said crude oil production from the United States could reach 7.5 million barrels per day before the end of the decade. Natural gas production, meanwhile, should…

Energy Juniors Eye Somaliland Oil Potential

Dec 03, 2012 at 16:50 | Charles Kennedy

Three foreign oil juniors are set to begin exploration in Somaliland by next year, as the rush on East African hydrocarbon largesse extends to the riskiest venues of the Horn.…

How will Azerbaijan Solve its Oil Fund Deficit?

Dec 03, 2012 at 16:46 | Eurasianet

You might not think that money from oil would be a problem for Azerbaijan, one of the former Soviet Union’s largest energy producers. But when oil production drops, and election-year…

How Shale Oil will Change the World

Dec 03, 2012 at 16:43 | Environmental News Network

Oil shale, also known as kerogen shale, is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons called shale oil can…

Is Oil to Blame for DRC Violence?

Nov 30, 2012 at 17:09 | Daniel J. Graeber

The British government announced it was withholding aid to Rwanda out of concern the government there was backing the rebel M23 movement in neighboring Democratic Republic of Congo. As early…

The Oil Boom Will Only Last a Decade - Then What?

Nov 29, 2012 at 17:08 | James Hamilton

Oil is fundamentally a depletable resource – once a barrel is extracted from the ground and burned, it is gone. Nevertheless, world oil production has continued to increase steadily for…

Can Russia Maintain Current Oil Production Levels until 2020?

Nov 29, 2012 at 17:00 | The Oil Drum

Uncertainty whether Russia can maintain its high level of oil production continues - 10.7 million b/d in 2012 to date on average. A new more benign tax regime that has…

Three Dilemmas Awaiting OPEC in the Future

Nov 27, 2012 at 17:20 | Matthew Hulbert

OPEC faces a triple dilemma over the short, medium and long term, none of which have good outcomes for the cartel. The short term is simple; prices are likely to…

Internal Divisions could Burst Canada's Oil Bubble

Nov 26, 2012 at 16:58 | Daniel J. Graeber

Provincial leaders in energy-rich Canada are reviewing ways to send oil from Alberta province to eastern refineries in an effort to ensure energy independence. Most of the refineries in the…

A Look at the US Oil Boom - Without the Hype

Nov 21, 2012 at 17:29 | The Oil Drum

[Editor's comment: This article is by Dr. Tad Patzek, chairman of the Department of Petroleum & Geosystems Engineering at The University of Texas at Austin. Dr. Patzek's research involves mathematical…

Does Oil Determine who Becomes President?

Nov 20, 2012 at 17:36 | Kurt Cobb

Was the most recent American election outcome determined by the presidential debates, changing demographics, voter views on issues, Hurricane Sandy (and the president's reaction to it) or voter turnout? Probably…

How Will US Shale Oil Change the Global Energy Market?

Nov 20, 2012 at 17:33 | RFE/RL staff

For the past five years, progress in extracting gas and oil from shale deposits has been revolutionizing the energy industry in the United States. Now, a new report…

After Being Offline Since 2011, South Sudan Oil to Flow Again

Nov 19, 2012 at 12:29 | John Daly

On 14 November, South Sudan President Salva Kiir declared during a meeting he held in Juba with visiting Kenyan deputy Prime Minister Uhuru Kenyatta that his country's oil production will…

How Will Oil Production Impact the Economy Over the Coming Decade

Nov 19, 2012 at 11:49 | Post Carbon

A paper published recently by the IMF gives us some insight into how oil prices and availability might affect the global economy in the next decade. The paper, entitled Oil…

"Weak Demand" Does Little to Deter Keystone XL Support

Nov 16, 2012 at 17:47 | Daniel J. Graeber

The American Petroleum Institute reported that October demand for petroleum products was at its lowest level for any October in 17 years. John Felmy, the group's chief economist, said demand…

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