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New Mexico Struggles To Balance Oil Output Boom with Climate Goals

New Mexico Struggles To Balance Oil Output Boom with Climate Goals

The second-largest oil-producing U.S. state,…

Energy / Crude Oil

Global Energy Advisory - 2nd May 2014

May 02, 2014 at 10:18 | Editorial Dept

Libya lifts force majeure at ZueitinaThe Libyan National Oil Corp. announced it lifted a legal clause that absolved it from meeting contractual obligations at the eastern oil…

Mixed Earnings Reports Suggest Big Oil May Have Peaked

May 01, 2014 at 16:55 | Nick Cunningham

First-quarter earnings reports are in and the world’s biggest oil companies are reporting mixed results.ExxonMobil, the largest producer of natural gas in the U.S., reported quarterly earnings…

Kashagan Delays Spell Investor Risk In Kazakhstan

Apr 28, 2014 at 16:53 | Geopolitical Monitor

Kazakhstan’s political elites are coming under enormous pressure, as the government – in power since the country declared independence in 1990 – faces yet another obstacle in the development of…

Gulf Coast Oil Stockpiles Hit Record Levels

Apr 25, 2014 at 18:48 | Daniel J. Graeber

Crude oil stockpiles in the United States are at record levels and, with no place to go, oil inventories may continue to build because of the accelerating rate of production…

Global Energy Advisory – 18th April 2014

Apr 21, 2014 at 10:58 | Editorial Dept

Delays Ahead for Mexico Energy ReformsImplementation of Mexico’s much-awaited sweeping energy reforms is likely to be delayed as lawmakers grapple with secondary legislation that is trying to make…

Russia’s Arctic Prize Won’t Be As Big As Many Think

Apr 18, 2014 at 19:56 | Nick Cunningham

Gazprom sent its first shipment of oil from its controversial Russian Arctic offshore platform on April 18, a landmark event that Russian President Vladimir Putin said would contribute to economic…

Canada Embracing Climate Control Measures to Support Oil Sector

Apr 18, 2014 at 19:49 | Daniel J. Graeber

Environmental advocacy groups put Canadian oil sands on the same footing as a weapon of mass destruction. With limited trade options on hand, provincial leaders are now trying to recast…

U.S. Will Export Oil – Who Wins and Who Loses?

Apr 11, 2014 at 15:15 | Editorial Dept

The surge in U.S. oil production in 2010 has left a glut of oil trapped within the United States. To be sure, the U.S. is by far the largest consumer…

Iran Expanding Presence on International Oil Stage

Apr 10, 2014 at 15:06 | Daniel J. Graeber

Iranian Oil Minister Bijan Zanganeh said oil production from the Islamic republic could increase even with harsh economic sanctions in place. In late December, Tehran said it would pump as…

Safety Issues May Curb Oil-by-Rail Potential

Apr 05, 2014 at 09:59 | Daniel J. Graeber

A lack of pipeline infrastructure in Northern Plains states is unlikely to slow oil production, analysis finds. The sector could be constrained, however, amid national and international concerns about the…

Russia-Iran Oil Swap Deal Gains Momentum

Apr 03, 2014 at 15:13 | James Burgess

Russia and Iran are moving closer to a $20 billion oil-for-goods deal launched earlier this year, according to a Reuters report citing unnamed sources close to the deal.

US Tight Oil Reaches 10% of World Production

Apr 02, 2014 at 17:36 | Charles Kennedy

US overall crude oil production has reached more than 10% of the world’s total production, up from 9% in the fourth quarter of 2012, according to a new report…

U.S. Taking on More Saudi Oil despite Shale Glut

Mar 28, 2014 at 17:02 | Daniel J. Graeber

The U.S. Energy Department said imports from OPEC increased year-on-year, with Saudi Arabia accounting for the bulk of additional oil. While oil production from the United States has increased, the…

The 3 Most Important Numbers in Energy – 28th March 2014

Mar 28, 2014 at 13:04 | Editorial Dept

The Insider’s weekly run-down of critical figures and happenings from around the energy world.76.2%. Year-on-year increase in Chinese LNG imports during January. With shipments into the country totaling…

A U.S.-Saudi Move to Lower Oil Prices?

Mar 27, 2014 at 15:25 | Nick Cunningham

Could the U.S. unleash a flood of oil from the strategic petroleum reserve that would drive down prices in order to punish Russia? While the idea has been kicked around…

Soros Promotes Oil Sales to Punish Putin

Mar 27, 2014 at 14:58 | Charles Kennedy

Just weeks after the US announced its first test sale of crude oil from strategic reserves since 1990, billionaire philanthropist George Soros is lobbying for the release of more reserves…

Is it Time To Forget About Libyan Oil?

Mar 20, 2014 at 17:54 | Daniel J. Graeber

German energy company Wintershall said last week it was optimistic about the prospects of a return to Libya. Tripoli, however, is once again asking for international help with security issues.…

How to Mess Up a Revolution? Add Oil and Stir

Mar 18, 2014 at 17:26 | Claude Salhani

Following the popular uprising that saw the overthrow of the country’s dictator, Libya had everything going for it. Or so many Libyans thought.It had the natural resources to…

U.S. Refiners Make Case Against Oil Exports

Mar 12, 2014 at 17:25 | Daniel J. Graeber

Record-setting levels of U.S. oil production have sparked calls from industry officials and policymakers to reverse a 1970s ban on crude oil exports. Dissent, however, is emerging from inside the…

Nigeria’s Missing Oil Money Sparks Political Crisis

Mar 12, 2014 at 17:15 | Charles Kennedy

Over a month after Nigerian President Goodluck Jonathan suspended the country’s Central Bank governor after he blew the whistle on $20 billion in oil money allegedly missing from state…

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