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Permian Oil Reserves May Be Twice As Big As We Thought

Permian Oil Reserves May Be Twice As Big As We Thought

The U.S. Geological Survey has…

The Most Likely Outcome Of The OPEC Meeting

The Most Likely Outcome Of The OPEC Meeting

Oil markets remain uncertain over…

Energy / Crude Oil

5 Oligarchs Taking the World by Storm

5 Oligarchs Taking the World by Storm

Sep 04, 2012 at 17:57 | Jen Alic

Oligarchs are the wealthy few who benefit from the government and for all intents and purposes call the shots behind the scenes. Oilprice.com considers five key oligarchs and oligarch families…

Prophets of Doom Cloud Kenyan Oil Prospects

"Prophets of Doom" Cloud Kenyan Oil Prospects

Aug 30, 2012 at 20:39 | Daniel J. Graeber

The top foreign policy chief for the European Union met this week in Nairobi with Kenyan leaders. The country is a key Western ally in ongoing efforts to bring stability…

Colombia Oil: Is It Time To Invest in this South American Comeback Story?

Colombia Oil: Is It Time To Invest in this South American Comeback Story?

Aug 29, 2012 at 16:40 | Keith Schaefer

Investors – particularly Canadians – may recall Colombia as one of the hottest oil plays in the world.That was just a few years ago. Huge wells in these…

Chavez Plans to Double Venezuelan Oil Output to 6 Million bpd by 2019

Chavez Plans to Double Venezuelan Oil Output to 6 Million bpd by 2019

Aug 27, 2012 at 16:03 | John Daly

Even the detractors of Venezuelan President Hugo Chavez have never accused him of thinking small. Chavez is currently running for re-election in Venezuela’s upcoming presidential election, scheduled for 7 October,…

Dipping into US Strategic Oil Reserves: A Speculator's Bonanza

Dipping into US Strategic Oil Reserves: A Speculator's Bonanza

Aug 24, 2012 at 15:19 | Jen Alic

The White House is keeping the rumor-mill afloat with hints that it may draw from US strategic oil and petroleum reserves, watching the market respond on the speculation with a…

Turkey's Genel Energy Takes Gamble in Iraq

Turkey's Genel Energy Takes Gamble in Iraq

Aug 23, 2012 at 15:02 | Daniel J. Graeber

The top executive at Turkish company Genel Energy announced a deal with Heritage Oil increased its stake in the Miran exploration block in the Kurdish north of Iraq. The block…

The Oil Sector has Been Pushed to the Limit of its Capabilities

The Oil Sector has Been Pushed to the Limit of its Capabilities

Aug 23, 2012 at 14:33 | The Oil Drum

Leonardo Maugeri’s recent paper Oil: The Next Revolution on the presumed future abundance of oil supplies rejects the pessimistic outlook of limited increases in oil capacity over the next decade.…

Venezuela Ramps up China Oil Exports Unsettling Washington

Venezuela Ramps up China Oil Exports Unsettling Washington

Aug 21, 2012 at 17:17 | John Daly

The biggest geostrategic change of the past decade overlooked by Washington policy wonks in their fixation on their self-proclaimed “war on terror” is that Latin America has been throwing off…

New Layers to Canada's Oil Sand Debate

New Layers to Canada's Oil Sand Debate

Aug 21, 2012 at 17:09 | Daniel J. Graeber

A newspaper publisher in the Canadian province of British Columbia announced plans for a refinery that would process crude oil expected from the Northern Gateway pipeline.  Canadian pipeline company Enbridge…

New Indian Oil Find - Major Discovery, or Puddle?

New Indian Oil Find - Major Discovery, or Puddle?

Aug 17, 2012 at 17:30 | John Daly

According to the U.S. government’s Energy Information Agency, “In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. Despite a…

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