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Big Oil Grows Bolder in Transition Pushback

Big Oil Grows Bolder in Transition Pushback

Several big oil executives at…

Energy / Crude Oil

The 3 Most Important Numbers in Energy

Mar 07, 2014 at 13:56 | Editorial Dept

The Insider’s weekly run-down of critical figures and happenings from around the energy world.$1.34. Value of proved reserves created in 2013 for each $1 spent by Gulf of…

Claimants Win Legal Battle with BP over Oil Spill

Mar 06, 2014 at 17:07 | Charles Kennedy

In another major legal setback for British-based oil giant BP, a US court has ruled that businesses claiming losses due to the 2010 Gulf of Mexico oil spill will not…

Pipeline to Turkey Intensifies Dispute Over Iraqi Oil

Mar 05, 2014 at 16:50 | Global Risk Insights

Turkey has bought oil from the Kurdish region in northern Iraq before, but oil transfer was carried out by trucks, which kept the amount of exports at a minimal level.…

Ukraine Refinery Halts Amid Tensions with Russia

Mar 03, 2014 at 16:18 | James Burgess

Russia’s Lukoil has reportedly halted all oil supplies to Ukraine’s Kherson refinery in Odessa ostensibly over unpaid debts as political chaos engulfs the country with the refinery’s director and…

Emergency Order to Avoid Oil Train Disasters

Feb 27, 2014 at 16:34 | Charles Kennedy

US federal regulators on Tuesday issued an emergency order for tougher testing of crude oil before shipment by rail to determine sensitivity to potential explosion and fire.

Africa’s Next Oil Frontier – Ethiopia?

Feb 26, 2014 at 16:54 | John Daly

Sitting athwart the headwaters of the Blue Nile, Ethiopia has long seen its energy future in its hydropower potential, being able to export electricity to neighboring countries. That picture…

First, The Bad News…

Feb 24, 2014 at 09:26 | Editorial Dept

This is my first article for Oilprice.com, so I tried to find something really upbeat to write about. I wanted to be positive and to re-assure those of you here…

Sahel Energy Advisory

Feb 24, 2014 at 09:03 | Editorial Dept

Morocco and Western Sahara in the SpotlightWith the hunt for oil picking up momentum in Morocco—considered an investor’s haven compared to other Sahelian countries—we are closely watching controversial…

Iran Talks Potential Nuclear-Oil Swap with Russia

Feb 20, 2014 at 15:55 | James Burgess

As talk of a potential oil swap deal between Russian and Iran allegedly pick up pace, mainstream media reports say that Russia is considering the construction of a second…

Bitter Irony in Venezuela's Oil Sector

Feb 19, 2014 at 18:11 | Daniel J. Graeber

In a bid to show members of Venezuelan society the age of Chavismo was alive and well, Venezuelan President Nicolas Maduro decided to rename one of the largest oil fields…

For Exports, and Oil, You Can’t Beat Texas

Feb 19, 2014 at 18:07 | Charles Kennedy

Texas is on an export roll, recording a new record last year, with Houston leading the way and expecting more to come with the recent approval of a new liquefied…

South Sudan Oil Under Fire as Rebels Take Capital

Feb 18, 2014 at 16:36 | Charles Kennedy

After two months of violence, South Sudanese rebels have largely seized control of the capital city, Malakal, threatening to upset the oil production in the newly independent state’s only…

Iranian Oil Exports Increase After Nuclear Deal

Feb 17, 2014 at 17:13 | Nick Cunningham

Shaking off some of the restrictions of international sanctions, Iran managed to boost its oil exports by 100,000 barrels per day in January. According to the IEA, Iran was…

Russian Lukoil Considers Re-Entry into Iranian Oil

Feb 14, 2014 at 16:05 | Joao Peixe

Russian Lukoil has announced its preparedness to return to Iran's Anaran oil project once the US-led sanctions against the Islamic Republic's energy sector are lifted.Lukoil and Norway’s…

The Syrian Oil Report

Feb 14, 2014 at 14:13 | Editorial Dept

Syria has around 2.5 billion barrels of crude oil, which makes it the largest in terms of proven reserves in the eastern Mediterranean, but overall in the global scheme of…

Betting on the Next Oil Boom? You're Grasping at Straws

Feb 12, 2014 at 17:43 | Daniel J. Graeber

Unplanned interruptions in the global oil supply chain last year were about 30 percent higher than in 2013, the U.S. Energy Department said. Much of the problem was blamed on…

French ‘Warned’ As Total Eyes Iranian Oil Deals

Feb 12, 2014 at 17:09 | Joao Peixe

French oil giant Total SA continues to prop up Iranian oil and gas prospects, promising that Tehran will unveil a new contracting regime that will be “more sexy than before,”…

Forget North Dakota, Texas is No. 1 for Oil

Feb 10, 2014 at 17:20 | Daniel J. Graeber

Advances in drilling technology are expected to help North Dakota hit the 1 million barrel per day mark at some point this year. But it's Texas that still holds the…

Why the World Should Brace for a Future U.S. Oil Embargo

Feb 07, 2014 at 17:43 | Daniel J. Graeber

U.S. policymakers are divided over what to do with the glut of domestic oil. Both sides of the debate craft their rhetoric around economic issues, though a report from a…

Alaska’s Largest Refinery to Close Down

Feb 07, 2014 at 17:38 | Charles Kennedy

Alaska’s largest refinery by capacity may shut down operations permanently beginning in May this year, citing the massive costs associated with clean-up. The North Pole refinery, operated by…

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