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The Dramatic Fall of Mexico’s Oil Giant

The Dramatic Fall of Mexico’s Oil Giant

Mexico's state-owned oil company, Pemex,…

Physical Oil Market Hints at Potential Upswing

Physical Oil Market Hints at Potential Upswing

Oil prices could break to…

Energy / Crude Oil

Obama’s Oil Boom – Global Warming Be Damned

Sep 04, 2014 at 17:55 | Michael Klare

Considering all the talk about global warming, peak oil, carbon divestment, and renewable energy, you’d think that oil consumption in the United States would be on a downward path.  By…

Soros Signals Argentina’s Shale is Biggest Place to Be

Sep 02, 2014 at 16:10 | James Stafford

One of the world’s legendary investors is upping his bet on Argentina’s shale oil and gas industry in a show of confidence for shale production in South America’s largest unconventional…

Return to the Arctic: Shell Looks Set To Take Another Run

Sep 01, 2014 at 14:13 | Nick Cunningham

Shell could be returning to the Arctic after a two-year hiatus. The company submitted a drilling plan to the U.S. Department of Interior on Aug. 28, which…

When Will The Peak Oil Crisis Begin?

Aug 29, 2014 at 18:36 | Post Carbon

For those following the world oil production situation, it has been clear for some time that the only factor keeping global crude output from moving lower is the continuing increase…

Why These Lagging Oil Stocks Are Worth A Look

Aug 28, 2014 at 17:52 | Martin Tillier

It is generally accepted that in the U.S. – and increasingly, worldwide -- oil is a booming business. Over the last six months, the SPDR® Energy Sector ETF (exchange traded…

Shell Keen to Put Troubled Nigerian Assets Behind It

Aug 28, 2014 at 17:39 | Nick Cunningham

Royal Dutch Shell is on the verge of unloading a major portion of its assets in Nigeria.The oil major is zeroing in on a deal to sell four…

All’s Fair In Love And War And Oil

Aug 26, 2014 at 16:19 | Claude Salhani

An Iraqi Kurdish crude oil tanker has been seen floating off the coast of Israel after offloading its cargo, ship tracking data has shown.If true, the transaction…

Bypassing Keystone: Canadian Firm Uses Loophole To Ship Oil Sands To U.S.

Aug 25, 2014 at 17:25 | Nick Cunningham

Instead of waiting to obtain a “presidential permit” to ship oil sands from Canada to the United States, one Canadian firm has found a workaround, and environmental groups aren’t happy…

Disagreement Over Scotland’s Oil Wealth Fuels Independence Debate

Aug 22, 2014 at 17:26 | Andy Tully

Scottish First Minister Alex Salmond continues to insist that the strong future of Scottish oil would provide major support for the country if it achieves independence from the United Kingdom…

Five Regions Where Big Oil Is Foolishly Chasing Profits

Aug 19, 2014 at 17:29 | Nick Cunningham

Big Oil has been very successful at developing sophisticated technology to access oil in some pretty remote areas. Consider the technological skill necessary to drill several miles below…

Oil Companies Turning Away From The Middle East

Aug 19, 2014 at 17:25 | Claude Salhani

The violence and cutthroat politics of the Middle East, combined with declining oil and gas production levels, has triggered a subtle but significant shift away from what has long been…

Is Foam About To Transform The Oil Recovery Business?

Aug 19, 2014 at 17:20 | Futurity

The best way to get oil out of the ground may be to pump in foam.Scientists pumped foam into an experimental rig that mimicked the flow paths deep…

Why Oil Prices That “Should” Be Going Higher Are Going Lower

Aug 14, 2014 at 19:42 | Dan Dicker

The world has changed.  Even two years ago, with a war going on by proxy between Russia and Ukraine, we'd have seen a ten dollar rally in the price of…

Playing The Coming Mexican Oil Boom

Aug 14, 2014 at 19:36 | Martin Tillier

For more than seventy years the oil reserves of Mexico have been the exclusive property of the state run oil company Petroleos Mexicanos, or Pemex. That changed at the end…

As Demand For Oil Drops, Worries Rise For Debt-Heavy Companies

Aug 13, 2014 at 14:57 | Nick Cunningham

Weak global oil demand is keeping a lid on prices, according to a new report from the International Energy Agency (IEA), and that’s bad news for companies carrying a…

Brazil’s Petrobras Ramps Up Production of Pre-Salt Oil

Aug 11, 2014 at 17:42 | Nick Cunningham

After several years of very little progress, Brazil is finally beginning to extract oil from ultra-deep water. It’s a welcome development for the South American country, which has experienced four…

Making Sense Of The US Oil Story

Aug 07, 2014 at 14:18 | Gail Tverberg

We frequently see stories telling us how well the United States is doing at oil extraction. The fact that there are stories in the press about the US wanting to…

Oil-by-Rail Shipments Cutting Into Coal Deliveries

Aug 06, 2014 at 16:37 | Nick Cunningham

The rapid growth in U.S. shipments of crude oil by rail is leading to an unexpected shortage of coal at many power plants across the country.Shipping crude oil…

New Drilling Largely Driven By Debt

Aug 04, 2014 at 16:49 | Nick Cunningham

Major oil and gas companies are taking on an increasing share of debt in order to maintain drilling momentum, according to data from the U.S. Energy Information Administration.

5 Industries Worried About Peak Oil

Jul 25, 2014 at 18:56 | Chris Dalby

The debate over the impact of peak oil has been raging for decades. Although few deny that the end of mass oil consumption is drawing nearer, educated estimates now range…

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