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Energy / Crude Oil

Oil Sands Show Obama’s Policy-Making at Its Worst

Mar 19, 2013 at 18:01 | Llewellyn King

What a mess President Obama makes as he tries to placate both sides of a dispute and comes out looking just inept.The president’s possible approval of the 2,000-mile-long…

Why New Oil Discoveries won’t Make a Difference to our Energy Future

Mar 18, 2013 at 12:54 | Kurt Cobb

With the media awash in stories telling us how much oil is being discovered around the world, there is one word which the optimists quoted in these stories refuse to…

BRAZIL: Oil Production Threatened by New Royalties Law

Mar 15, 2013 at 14:39 | Editorial Dept

Bottom Line: Massive plans to tap into Brazil’s subsalt fields and an upcoming auction of new oil and gas blocks in May could be delayed as we expect a high-profile…

China Set to Become the World’s Largest Oil Importer

Mar 07, 2013 at 17:08 | Stuart Burns

In a recent Commodities Note, Reuters detailed how the Paris-based International Energy Agency (IEA) is changing the way it records and reports China’s crude and refined oil products consumption as…

U.S. Oil Production Tops 7 Million Barrels-Per-Day

Mar 07, 2013 at 16:59 | Dave Cohen

Back in 2006-2007 when I was writing about peak oil, I would never have believed that U.S. crude oil production would reach 7 million barrels-per-day in the last month of…

Ethiopia: A Potentially Golden Block on East Africa’s Tertiary Rift

Mar 06, 2013 at 13:35 | Editorial Dept

(This report is part of Oilprice.com’s premium publication Oil & Energy Insider. Oil & Energy Insider gives subscribers an information advantage when investing, trading or doing business…

Recent Oil Discovery off Lebanese Coast Draws Naval Powers to East Med

Mar 05, 2013 at 15:37 | Claude Salhani

The discovery a few years ago of an important deposit of oil and gas reserves in the waters just off the Lebanese, Israeli and Cypriot coasts has raised the interest…

Energy Efficiency Vital to Cutting Oil Demand

Mar 05, 2013 at 15:25 | Post Carbon

When peak oil first came to widespread public attention some 10 or 15 years ago, there was some debate about whether peak oil was the solution to climate change caused…

China Overtakes the US to become the World’s Largest Oil Importer

Mar 04, 2013 at 16:53 | MINING.com

For the first time in almost 40 years, the U.S. has lost its top net oil importer position to China according to preliminary figures published by the U.S. Energy…

US Crude Production Exaggerated in Order to Keep Consumption High

Mar 04, 2013 at 16:50 | Kurt Cobb

The way the oil industry is touting gains in U.S. crude production, you would think that production is soaring to new all-time highs. But the facts say otherwise. Below is…

Will Colombia Become Latin America’s Poster Child for Peak Oil

Mar 01, 2013 at 15:32 | John Daly

The two most hotly debated scientific concepts associated with energy are “global warming” and “peak oil,” both with myriad proponents and detractors around the world. In the latter…

Oil Market Forecast & Review 1st March 2013

Mar 01, 2013 at 09:47 | Jim Hyerczyk

Last week it was mentioned that nearby crude oil was expected to complete a test of the retracement zone at $92.37 to $90.85 and likely stay in this zone until…

Peak Oil: Gone for Now but Celebrations will be Short Lived

Feb 28, 2013 at 16:42 | Post Carbon

Given the increase in the amount of oil that China and India are importing, it looks as if there will be no oil available for other countries to import in…

Oil, Much as Weapons, is Dangerous in the Wrong Hands

Feb 26, 2013 at 16:57 | Claude Salhani

The discovery of oil in the Middle East around the 1930s has had a drastic effect on the lives of the people in the region.  In most instances this black…

The Top Oil Finds for January and February that should be on Your Radar

Feb 25, 2013 at 16:42 | Editorial Dept

(This report is part of Oilprice.com’s premium publication Oil & Energy Insider. Oil & Energy Insider gives subscribers an information advantage when investing, trading or doing business in the…

Cheney-Linked Company to Drill in Occupied Golan Heights

Feb 22, 2013 at 16:58 | Daniel J. Graeber

The Israeli government awarded a local subsidiary of U.S.-based Genie Energy the rights to explore for oil and natural gas in about 150 square miles of the southern section of…

Angola and Ghana: West Africa's New Gems

Feb 22, 2013 at 13:51 | Editorial Dept

Sweet Angola’s Sweet, Light Crude OPEC-member Angola is a leading producer of crude in Sub-Saharan Africa; more than one-third of all offshore oil discoveries in the region in…

Discovering 2013: The Top Finds of the Last Two Months

Feb 22, 2013 at 13:44 | Editorial Dept

Last year was a record one for major new discoveries, and 2013 has so far demonstrated that the road to discovery still has plenty of mileage. The past two months…

ECUADOR: Correa and the Future of Oil

Feb 22, 2013 at 13:09 | Editorial Dept

Bottom line: Foreign investment, though crucial for improving oil production levels in Ecuador, will remain far below potential for political reasons.Analysis: On 17 February 2013, President Rafael Correa…

Governments Must Work together to Avoid a Peak Oil Scenario

Feb 19, 2013 at 16:34 | Professor Chris Rhodes

Decline in output from the world's oil fields is averaging 5% per year, with some speculation that we may have reached the global production limit for conventional crude…

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