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Can Libya Really Double Its Oil Output?

Can Libya Really Double Its Oil Output?

Libya’s crude oil production remains…

How OPEC Has Filled America’s Russian Oil Void

How OPEC Has Filled America’s Russian Oil Void

U.S. import volumes of Russian…

Energy / Crude Oil

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…

Will a Melting Arctic Help Postpone Peak Oil?

Sep 28, 2012 at 17:09 | Post Carbon

Last week brought the news that this summer the Arctic icecap shrank to an all-time low of roughly half the size it was in 1980. While this is the lowest…

Oil Markets Losing Lustre

Sep 26, 2012 at 17:37 | Daniel J. Graeber

A U.S. energy trade group said the petroleum market in the country was hit by slumping demand. Total petroleum deliveries for August were at their lowest level for the month…

Importing Nations Feel the Squeeze as Global Oil Exports Steadily Decline

Sep 24, 2012 at 17:15 | Kurt Cobb

It is with trepidation that independent petroleum geologist Jeffrey Brown has watched global oil exports decline since 2006. With all the controversy in the past several years over whether worldwide…

Big Oil Funding U.S. Politics

Sep 21, 2012 at 17:58 | Daniel J. Graeber

U.S. Rep. John Boehner, speaker of the House of Representatives, received nearly twice as much financial support from donors tied to the energy sector than did the next-closest recipient, a…

Oil Markets May be a Matter of Opinion

Sep 19, 2012 at 16:59 | Daniel J. Graeber

Crude oil prices this week declined after the government of Saudi Arabia announced plans to ensure market stability. Oil prices on average continued their decline toward levels not seen since…

Why Unconventional Oil Will Never Provide the Volumes that we Hope For

Sep 19, 2012 at 16:46 | Kurt Cobb

In the old days, that is before 2010, the oil industry used to regale the public with tales of plenty that revolved around what is commonly called "conventional oil." Conventional…

Bulls Running for Canadian Crude

Sep 10, 2012 at 18:00 | Daniel J. Graeber

The top administrator at the Bank of Canada last week said high oil prices were good for the national economy. Crude oil prices were mixed in early trading this week…

OPEC has Probably Deceived Us About the Size of its Oil Reserves

Sep 10, 2012 at 17:58 | Kurt Cobb

Has OPEC misled us about the size of its oil reserves? The short answer is probably. The long answer is that currently, there is no way to know for sure.

The Implications of Saudi Arabia becoming a Net Oil Importer

Sep 10, 2012 at 17:46 | Ian Nunn

Ambrose Evans-Pritchard, wrote last week in The Telegraph, Saudi oil well dries up. He presented the following chart of projected Saudi oil consumption, vertical bars, and production, dark blue…

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