 |
Louisiana Light • 3 days | 91.16 | -0.74 | -0.81% | ||
|
Bonny Light • 2 days | 95.60 | -0.40 | -0.42% | ||
|
Opec Basket • 3 days | 95.01 | -0.81 | -0.85% | ||
|
Mars US • 1 day | 88.73 | -0.10 | -0.11% | ||
|
Gasoline • 1 day | 2.562 | -0.058 | -2.22% |
|
Bonny Light • 2 days | 95.60 | -0.40 | -0.42% | ||
|
Girassol • 2 days | 96.55 | -0.49 | -0.50% | ||
|
Opec Basket • 3 days | 95.01 | -0.81 | -0.85% |
|
Peace Sour • 2 days | 84.13 | -0.03 | -0.04% | ||
|
Light Sour Blend • 2 days | 84.63 | -0.03 | -0.04% | ||
|
Syncrude Sweet Premium • 2 days | 93.23 | -0.03 | -0.03% | ||
|
Central Alberta • 2 days | 84.13 | -0.03 | -0.04% |
|
Eagle Ford • 3 days | 86.11 | -0.65 | -0.75% | ||
|
Oklahoma Sweet • 3 days | 86.00 | -0.75 | -0.86% | ||
|
Kansas Common • 3 days | 80.00 | -0.50 | -0.62% | ||
|
Buena Vista • 4 days | 95.23 | -0.92 | -0.96% |
OPEC Cuts Reignite Inflation Worries As Energy Prices Rise
Deepened OPEC are triggering a…
Alberta's Big Bet: Ditch Emissions, Not Oil
Alberta's Premier asserts the province…
Energy / Crude Oil
The Reason Behind China's Interest in Canada's Oil Sands
Over the past two decades, Chinese oil consumption has quadrupled to nearly 10 million barrels per day. For the past decade they have been on a growth trajectory which has…
Using Microbes to Vastly Increase Recovery from Old Oil Wells
The best source of oil would be to increase oil recovery from the existing reservoirs already in production. That oil is the easy stuff as pundits like to say, because…
Kurds Hold the Aces in Iraqi Oil Sector
The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in…
Iran will Look to Refine its Crude Domestically, Rather than Export it
President Mahmoud Ahmadinejad says Iran should focus now on oil products in light of tightening sanctions Iranian President Mahmoud Ahmadinejad said Iran should stop exporting crude oil and focus on…
What the Future Holds for Our Oil Based Economy
Oilprice.com’s geopolitical editor Daniel J. Graeber was a guest on Infowars evening show last night where he discussed the following topics: • Middle East tensions and their impact on oil prices.
How the Big Five Oil Companies Spend their $375 Million Daily Profits
The Big Five oil companies – BP, Chevron, ConocoPhillips, ExxonMobil and Shell – are slated to announce their 2012 second-quarter profits later this week.We can expect these companies,…
Bears Burst Bakken Bubble
Ongoing concerns of the Spanish debt crisis dragged on international markets Monday. Oil prices, meanwhile, had rallied last week amid tensions in the Persian Gulf. By Monday, however, Iran had…
Why Big Oil wants us to Believe in Limitless Oil
If you're still operating under the assumption that the earth's petroleum--or at least the cheap stuff--is about to run out, you're not going to thrive in the new oil era.…
Afghan Optimism Ignores History
International oil companies from the likes of Exxon Mobil and India's ONGC Videsh are among the majors setting their sights on an October deadline to submit bids to the…
What Level of Oil Supply Growth is Needed to Support World GDP Growth?
A few days ago, I showed the close relationship between growth in world oil consumption and growth in world GDP. In this post, I will extend that analysis by…
Looking at Leonardi Maugeri's Views on Peak Oil
Carpe Diem, Reuters, FTalphaville, and WhaleOil are among those calling attention to a new paper by Leonardo Maugeri, senior manager for the…
India - Afghanistan's Major Post 2012 Energy Investor?
An “if” – a major “if,” in fact, is whether Afghanistan will achieve sufficient political stability following the withdrawal of foreign military forces in 2014 to begin economic development.
Nigeria's Oil Shifts to Smaller Players
After five years of stalled negotiations, a bill overhauling Nigeria’s oil industry has finally won cabinet approval and if it makes it beyond the president’s office and through parliament, it…
What the Future Holds for Saudi Arabia's Oil
Saudi Aramco has stated that it designs the well layouts and extraction patterns from its oil fields so that they effectively decline at a rate of 2% per year.*…
Fragile, but Comfortable, Oil Market Expected
The Organization of Petroleum Exporting Countries described the global economy as "subdued" and "fragile," predicting no immediate recovery in 2013. World oil demand is forecast to grow modestly as the…
Northern Gateway Pipeline at Risk as Enbridge Faces the Flack over Oil Spill
As the presidential campaign ramps up, Republican heir apparent Mitt Romney is being torn between advisors that want to make Obamacare the centrepiece of the campaign, and those that want…
Looming Peak Oil Crisis Means Economic Growth of the Past is not Possible
One has to go back to the 1930's to find a time when so much of civilization was in turmoil at once. The 30's ended with World War II, tens…
How Shale and Tight Oil Have Changed the Look of US Oil Production
Since 2005, the "total oil supply" for the United States as reported by the Energy Information Administration increased by 2.2 million barrels per day. Of this, 1.3 mb/d, or…
Caspian Sea Oil Dispute Flairs Up Again Between Azerbaijan & Turkmenistan
Azerbaijan and Turkmenistan are at it again, feuding over a lucrative patch of the Caspian Sea. Russia would likely be the chief beneficiary of Caspian discord, if it continues.
A Critical Appraisal of Leonardo Maugeri's Decline Rate Assumptions
This is a guest post by Stephen Sorrell, senior lecturer Science and Technology Policy Research, Sussex Energy Group, and lead author of the UKERC Global Oil Depletion report, and Christophe…
