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Cuba Faces Oil Crisis As Venezuela Crumbles

Cuba Faces Oil Crisis As Venezuela Crumbles

While sanctions continue to weigh…

Energy / Crude Oil

Record Oil Outputs in Saudi Arabia Fail to Ease Shortage Anxiety

Record Oil Outputs in Saudi Arabia Fail to Ease Shortage Anxiety

Oct 01, 2013 at 19:15 | Global Risk Insights

Saudi Arabia, along with OPEC neighbors Kuwait and the United Arab Emirates, exported a record high of crude oil this August. Despite pumping out 10.2 million barrels per day, the…

Shell Abandons 800 Billion Barrel Deposit, Beaten by the Regions Geology

Shell Abandons 800 Billion Barrel Deposit, Beaten by the Regions Geology

Oct 01, 2013 at 19:12 | Kurt Cobb

The belief that technology can always overcome natural limits just took a big hit this week when Royal Dutch Shell PLC decided to shut down its pilot oil shale…

Canada to Drill for Offshore North Atlantic Oil

Canada to Drill for Offshore North Atlantic Oil

Oct 01, 2013 at 19:01 | John Daly

First, the good news.Canada’s Calgary-based Husky Energy Inc. and its Norwegian partner Statoil ASA announced a major oil discovery in offshore Newfoundland and Labrador Flemish Pass Basin.

Big Oil Moves North Despite Climate Woes

Big Oil Moves North Despite Climate Woes

Sep 28, 2013 at 12:17 | Daniel J. Graeber

The Intergovernmental Panel on Climate Change said Friday the sea ice in the arctic has melted at a rate of at least 9 percent per decade since the late 1970s.…

Canadian Oil Could Soon Head West by Rail

Canadian Oil Could Soon Head West by Rail

Sep 26, 2013 at 20:14 | Rory Johnston

CN Rail, Nexen, and Ottawa are considering plans to ship Albertan oil to the West Coast of Canada by train, according to new documents obtained by Greenpeace Canada under…

1.5 Billion Barrels of Oil – And No Takers

1.5 Billion Barrels of Oil – And No Takers

Sep 25, 2013 at 19:11 | John Daly

Western energy firms are noted for venturing into volatile regions and areas that scare off more faint-hearted capitalists. But one country is even giving these hardened energy companies…

Peak Oil Demand: Peak Oil Didn’t Go Away, it Just Changed its Name

Peak Oil Demand: Peak Oil Didn’t Go Away, it Just Changed its Name

Sep 25, 2013 at 18:57 | Post Carbon

A new phrase has entered our energy lexicon—peak oil demand. The essential idea: prophets of doom who warned about a looming global petroleum shortfall (“peak oil”) were wrong; instead…

Where's the Next Play for the Giants of Oil?

Where's the Next Play for the Giants of Oil?

Sep 20, 2013 at 17:23 | Editorial Dept

What will they do with all that cash?That’s the question investors are asking of major oil firms like Apache (NYSE: APA). The company recently completed a…

Libya: The Fate of Oil under an Impotent Government

Libya: The Fate of Oil under an Impotent Government

Sep 20, 2013 at 17:16 | Editorial Dept

As all attention is focused on Syria, and wondering how oil prices might respond to a US strike, where oil is concerned the focus should be on Iraq, which is…

China Buys $5 Billion Share in Kazakhstan’s Kashagan Caspian Field

China Buys $5 Billion Share in Kazakhstan’s Kashagan Caspian Field

Sep 18, 2013 at 18:08 | John Daly

One of the greatest overlooked stories of the past two decades is China’s slow economic penetration of the former Soviet Central Asian states. Chinese President Xi Jinping, visiting Kazakhstan on…

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