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Oil Jumps On EIA Inventory Data

Oil Jumps On EIA Inventory Data

Crude prices rose on Wednesday…

Energy / Crude Oil

Iran Storing Oil at Sea Due to Weak Demand

Apr 16, 2010 at 19:00 | Business Insider

Iran, the world's fifth-largest oil producing nation, is increasing the amount of oil is stores in tankers at sea. Iranian officials say this is due to refinery overhauls and seasonality,…

Chinese Purchase of Oil Sands Stake Could Revalue Resource

Apr 11, 2010 at 19:00 | Darrell Delamaide

The acquisition of a 9% stake in the Syncrude oil sands venture by China’s Sinopec for $4.65 billion – substantially more than expected – could pave the way for a…

Texas Acquisition Shows Shift of Gas Producers to Oil Investment

Apr 05, 2010 at 19:00 | Darrell Delamaide

SandRidge Energy’s agreement this week to acquire Arena Resources, a producer of conventional oil in West Texas, for $1.6 billion is the latest example of natural gas companies seeking to…

U.S. Decision on Offshore Drilling Holds Promise of Future Oil, Brings Immediate Debate

Apr 01, 2010 at 15:34 | Darrell Delamaide

President Barack Obama’s move to lift a moratorium on new offshore drilling leases and to designate further areas for exploration won’t produce much oil in the near future, but is…

EU Fuel Standards Become Latest Oil Sand Battlefield for Environmentalists

Mar 30, 2010 at 15:05 | Darrell Delamaide

The latest draft of European Union fuel standards appears to mark a lobbying victory for the Canadian oil industry because it drops tighter restrictions originally envisaged for crude oil derived…

Oil Sands Potential for Energy Security

Mar 19, 2010 at 19:14 | W.Jack Ford

The increasing use in the United States of gasoline, jet fuel and other petroleum products made from Canada’s oil sands has aroused opposition from Canadian and U. S. environmentalists equal…

Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over (Part 2)

Mar 17, 2010 at 15:11 | Dennis Edison

As T. Boone Pickens is touting, we could replace one-third of our dependence on oil within just a few years with natural gas if we would simply embrace the alternative.…

Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over (Part 1)

Mar 17, 2010 at 15:06 | Dennis Edison

If I may, I would like to rebut or add a little objectivity to the flood of “Peak Oil” articles circulating around. When I see another crisis looming in the…

U.S. Governors Seek "Onramp" to Pipeline for Booming Bakken Shale Output

Mar 04, 2010 at 13:41 | Darrell Delamaide

Governors of Montana and North Dakota met with TransCanada Corp. officials this week in an effort to convince the builder of a nearly 2,000-mile pipeline from Alberta to the…

Is the Shale Gas Revolution Coming to Europe? Should Russia be Concerned

Mar 02, 2010 at 16:21 | Business Insider

European shale-derived natural gas could become a reality far sooner, and in far larger quantities, than markets expect In a Securities and Exchange disclosure from last…

Growing Environmental Concerns on U.S. Shale Oil and Gas Projects

Feb 26, 2010 at 18:50 | Darrell Delamaide

Texas became the latest state to launch an environmental watchdog for energy development as a nonprofit group set its sights on the Barnett Shale drilling in the Dallas-Fort Worth area.…

Is the North Sea Oil Production Bonanza Approaching Twilight?

Feb 23, 2010 at 21:34 | Business Insider

The UK Department of Trade and Industry (Oil and Gas) and the Norwegian Petroleum Directorate have both published production forecasts showing increased oil production in the years 2007 and 2008.…

Kill American Oil & Gas ration Bans, Unlock $2.4 TrillionExplo

Feb 16, 2010 at 14:44 | Business Insider

A major moratorium on U.S. domestic oil and gas exploration expired in 2008, yet its extension is now being considered. Thing is, despite vigorous alternative energy…

Oil Sands receive a big vote of confidence from Oil Major BP

Feb 15, 2010 at 14:25 | Dave Forest

News came yesterday that oil major BP is close to a deal in the Alberta oil sands. It appears that BP is the preferred bidder for a majority stake in…

New Invention Using Spent Nuclear Fuel Rods Could Unlock U.S. Oil Reserves Three Times Larger Than Saudi Arabia's

Feb 11, 2010 at 14:13 | Business Insider

There's some incredible new oil extraction technology being investigated over at Nuclearhydrocarbons.com. Essentially, the U.S. has a lot of spent nuclear fuel (SNF) rods from…

Oil and Gas Industry Weathers Shifting Climate

Feb 01, 2010 at 20:10 | Fawzia Sheikh

Often the green movement’s whipping boy, the oil and gas sector has no chance of escaping the scourge of climate change, an issue that everyone from international leaders to even…

Canada's Alluring Energy Supply Regaining it's Lustre Despite Continued Criticism

Jan 27, 2010 at 19:05 | Fawzia Sheikh

As the recession fades from the Canadian oil sands and projects delayed amid months of uncertainty score a second chance, criticism has still not simmered down over how these pockets…

The Value of Empty Space - Japan Secures Oil Supply

Jan 26, 2010 at 23:49 | Dave Forest

Here's an interesting one in the realm of oil security. As we've discussed, Japan is using a lot less oil these days. In the last year, Japanese consumption dropped 800,000…

Crude Oil Prices Fall Victim to China Syndrome

Jan 22, 2010 at 21:08 | Darrell Delamaide

Oil Market roundup for 01/18/2010 – 01/22/2010. New measures by Chinese authorities to curb bank lending reversed a rally in energy prices early in the week, bringing West Texas Intermediate…

Canada's Oil Sands, Tarnished Images and Dirty Commodities

Jan 15, 2010 at 16:29 | Editorial Dept

“When you think of Canada, which qualities come to mind: the world's peacekeeper, the friendly nation, a liberal counterweight to the harsher pieties of its southern neighbour, decent, civilised, fair,…

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