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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Oil Moves Down on Inventory Rise

Oil Moves Down on Inventory Rise

Crude oil prices inched lower…

StanChart: Oil Demand Set for All-Time High in May

StanChart: Oil Demand Set for All-Time High in May

Standard Chartered: global demand will…

Energy / Crude Oil

Shell Needs Five More Years In The Arctic

Oct 30, 2014 at 17:56 | Climate Progress

The damaged Royal Shell Dutch drilling barge Kulluk is loaded onto a transport ship in Unalaska, Alaska, on March 19, 2013.CREDIT:…

Four More Years Of Pain For Petrobras

Oct 28, 2014 at 17:23 | Nick Cunningham

Brazil’s incumbent President Dilma Rousseff pulled off a victory on Oct. 26 in a runoff election, and the markets are not too happy about it. As recently…

OPEC & Russia’s Vulnerability and America’s Ingenuity

Oct 24, 2014 at 17:51 | Chris Pedersen

Through iteration, experience, and innovation, North America is producing oil cheaper. According to IHS, the median North American shale needs a crude price of $57 a barrel to break even…

Saudi Arabia: Producing More Crude, Selling Less?

Oct 24, 2014 at 17:37 | Andy Tully

Media reports are quoting an anonymous source as saying Saudi Arabia, the world’s leading oil exporter, supplied foreign and domestic customers with less crude during September even though its oil…

How Wall Street Is Killing Big Oil

Oct 21, 2014 at 17:27 | Yale Global

Investors force big private energy companies into liquidation; energy dominance shifts to emerging markets CHICAGO: Lee Raymond, the famously pugnacious oilman who led ExxonMobil between 1999 and 2005,…

Statoil Hits North Sea Oil Bonanza In Abandoned Field

Oct 21, 2014 at 16:52 | Andy Tully

When the Norwegian energy company Norsk Hydro explored a prospective oil well in the North Sea in 1992, it found only an estimated 6 million barrels of crude, then abandoned…

Drowning In Oil Again

Oct 20, 2014 at 16:54 | Euan Mearns

For 4 years now the oil price (Brent) has been range bound between $90 and $130 per barrel (Figure 2). This is where it settled after the convulsions of the…

How Oil Platforms Increase Fish Populations

Oct 16, 2014 at 16:27 | Futurity

Oil platforms off the coast of Southern California create a fertile breeding ground for fish, producing 10 times more fish weight than conventional marine habitats and 27 times more when…

2014 May Be A Crucial Year For Iranian Oil

Oct 15, 2014 at 16:53 | Global Risk Insights

On September 29, representatives from the five Caspian littoral states (Azerbaijan, Iran, Kazakhstan, Russia, and Turkmenistan) convened in Astrakhan, Russia for a fourth…

World’s Most Expensive Oil Project Just Got More Costly

Oct 14, 2014 at 16:35 | Nick Cunningham

Just as oil prices hit multiyear lows, several oil majors announced some more terrible news. The Kashagan oil field – the world’s most expensive oil project – will…

How Long Can U.S. Production Survive Low Oil Prices?

Oct 13, 2014 at 16:42 | James Hamilton

For the last 3 years, European Brent has mostly traded in a range of $100-$120 with West Texas intermediate selling at a $5 to $20 discount. But in September Brent…

Why Appearances Can Be Deceiving In European Oil Markets

Oct 10, 2014 at 10:33 | Martin Tillier

When markets in general or particular sectors come under pressure, those of us of a contrarian bent start looking around for bargains. Oil company stocks and European stocks have both…

Why Peak Oil Predictions Haven’t Come To Pass

Oct 09, 2014 at 12:49 | Gail Tverberg

On Monday, September 29, the Wall Street Journal (WSJ) published a story called “Why Peak Oil Predictions Haven’t Come True.” The story is written as if there are only…

Russian Shale Boom Unlikely As Sanctions Force Another Company Out

Oct 08, 2014 at 17:39 | Andy Tully

First, it was the U.S. company ExxonMobil. Then, France’s Total. Now western sanctions against Russia have led Royal Dutch Shell to discontinue its work with Gazprom Neft extracting shale oil…

When Needs Must: EC Greenlights Canadian Oil Sands Imports

Oct 08, 2014 at 17:11 | Andy Tully

Canada’s oil sands have long had a problem: They not only emit greenhouse gases when they’re burned as fuel, but they also require resource-intensive scouring when they’re produced.But…

Petrobras May Get Political Respite Finally

Oct 06, 2014 at 18:02 | Martin Tillier

Over the last few years, stock in the Brazilian state-controlled oil company Petroleo Brasileiro S.A., or Petrobras (PBR), has confounded those who track traditional measures of valuation. The stock has…

Exxon Chief Says U.S. Oil Export Ban No Longer Necessary

Oct 06, 2014 at 17:54 | Andy Tully

Rex Tillerson, ExxonMobil’s CEO, says the ban on exports of U.S. crude oil that’s been in effect for decades is no longer necessary and a lifting of regulatory constraints on…

Weather The Oil Storm For Real Rewards

Oct 03, 2014 at 15:46 | Dan Dicker

It’s just perfect, that I would appear on CNBC’s halftime report for the first time in a year and a half predicting much higher oil prices, and watch today as…

How Islamic State Uses Oil To Fund Its Onslaught

Oct 01, 2014 at 17:47 | Claude Salhani

In a remote area along the Turkish-Syrian border, a line of oil trucks materializes seemingly from nowhere. Quietly, the vehicles line up to purchase oil. The drivers will pay about…

Who Is Buying The Islamic State’s Illegal Oil?

Sep 30, 2014 at 17:31 | Chris Dalby

In June 2014, computer files captured from a courier for the Islamic State shortly after the fall of Mosul revealed that the group had assets of $875 million, largely…

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