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Oil, Gas Activity in U.S. Holds Steady

Oil, Gas Activity in U.S. Holds Steady

The total number of active…

SPR Levels Remain Low

SPR Levels Remain Low

Despite claims, the U.S. has…

Energy / Crude Oil

API Predicts Massive Oil Industry Spending Spree

Jan 10, 2014 at 17:12 | Charles Kennedy

Energy companies will spend close to $1 trillion on oil and gas infrastructure and storage over the next decade, to support more than 900,000 US jobs as the US becomes…

This Week in Energy: US Oil Exports: What Goes Unnoticed

Jan 10, 2014 at 15:57 | James Stafford

Quick note: Before we get started on this weeks report I wanted to briefly mention that today’s Oilprice Premium is a MUST READ for all our visitors. Dan…

Mother Nature Sends Oil Sector Strong Message

Jan 09, 2014 at 17:20 | Daniel J. Graeber

British Prime Minister David Cameron said he suspected the recent extreme winter weather may be a result of climate change, something the World Meteorological Organization said last year was tied…

Peak Oil becomes an Issue Again after the IEA Revised its Predictions

Jan 09, 2014 at 17:07 | Tom Dispatch

Among the big energy stories of 2013, “peak oil” -- the once-popular notion that worldwide oil production would soon reach a maximum level and begin an irreversible decline -- was…

Kashagan, Down but not Out

Jan 08, 2014 at 17:59 | John Daly

In the past two decades since the collapse of the USSR Kazakhstan has become a major oil producer. In 2013 Kazakhstan’s oil production surged to roughly 1.64 million barrels per…

Buffett Looks at Pipelines after North Dakota Train Wreck

Jan 06, 2014 at 17:18 | James Stafford

Amid fears that regulators may move to tighten safety rules for crude oil shipments from North Dakota after the fiery derailment last week of an oil train, Warren Buffett’s Berkshire…

Statoil Strikes Again in North Sea

Jan 06, 2014 at 17:13 | Charles Kennedy

Norway’s Statoil has announced two oil and gas discoveries in the Norwegian part of the North Sea, highlighting the potential for more discoveries in an area already thought to be…

Why the U.S. Oil Boom may go off the Rails

Jan 06, 2014 at 17:09 | Daniel J. Graeber

Lawmakers and U.S. regulators began asking questions about the safety of transporting oil on the nation's rail system following a December derailment in North Dakota. The emerging anxiety about midstream…

Wave of Violence Threatens Ambitious Iraqi Oil Goals

Jan 03, 2014 at 17:48 | Nick Cunningham

A wave of violence has swept parts of Iraq at the start of 2014 as the central government fights back against Al-Qaeda aligned militants in Anbar Province. The Islamic…

Kurdish Crude Exports Stop in Turkey

Jan 03, 2014 at 17:42 | James Burgess

Crude oil has started flowing from Kurdistan to Turkey, but it’s stuck in the purgatory of Turkey’s Ceyhan export hub and will not be exported any further until Turkey reaches…

North Dakota Oil Train Conflagration Prompts Increased Federal Scrutiny

Jan 02, 2014 at 13:22 | John Daly

The year 2013 has ended on a worrying note for oil producers in North America’s Bakken region, as a series of recent train incidents in both Canada and the U.S.…

Albertan Bitumen Heading for the Great Lakes

Dec 31, 2013 at 12:54 | Rory Johnston

It is no secret that oil transportation infrastructure in North America is strained and Albertan oil is having a difficult time getting to market. Pipeline construction is chronically delayed and…

Will the Mexican Oil Bubble Burst Before its Even Begun?

Dec 31, 2013 at 12:45 | Kurt Cobb

Recent reforms that would open oil exploration and development in Mexico to major oil companies for the first time in decades has the media all atwitter about the prospects…

Gazprom Flag Planted Firmly in Arctic

Dec 30, 2013 at 12:13 | Daniel J. Graeber

Greenpeace International continued to express alarm over oil activity in the pristine arctic climate even as the last of its non-Russian activists were freed from prison. For Russia's Gazprom, their…

Canada’s Largest Refiner’s Records Seized in Investigation

Dec 26, 2013 at 14:14 | John Daly

On 6 July a Montreal, Maine & Atlantic train carrying 72 tank cars filled with oil exploded after its brakes apparently failed, sending it rolling into Lac-Mégantic, where it derailed…

Why North Dakota's Oil Future Just Got Brighter

Dec 20, 2013 at 12:47 | Daniel J. Graeber

U.S. Sens. John Hoeven and Heidi Heitkamp, bipartisan leaders from North Dakota, said the oil boom in their state just got louder with the passage of the Bureau of Land…

Ending the Oil Export Ban: Who will be the Winners and Losers?

Dec 19, 2013 at 21:54 | Dan Dicker

One of the energy themes we need to keep track of in 2014 is the possible end of the crude oil export ban here in the US, in place since…

Desperate to Boost Oil Production, Venezuela Moves to Devalue Currency

Dec 19, 2013 at 16:13 | Nick Cunningham

On December 16, 2013, Venezuelan President Nicolas Maduro outlined plans to use a weaker exchange rate in order to lift the prospects of its ailing oil sector and deal with…

New Commodity Trading Rules Good for Big Oil

Dec 19, 2013 at 15:35 | Charles Kennedy

The move by banking and securities regulators to ban proprietary trading at financial institutions could put an end to Wall Street’s dominance in the commodity hedging game, giving greater…

Smart U.S. Oil Money is on Rail

Dec 17, 2013 at 17:14 | Daniel J. Graeber

U.S. oil production is breaking records standing for more than 20 years. With the International Energy Agency suggesting the boom won't last, smart investors will get behind rail as the…

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