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Breaking News:

OPEC Lifts Production in February

Energy / Crude Oil

Keystone XL: Celebrities Won't Help the Cause

Feb 18, 2013 at 17:27 | Charles Kennedy

Both the protest movement against Keystone XL and the industry attempt to prove that Americans want it, are irrelevant: Keystone is set in stone and nothing indicates this more clearly…

Crude Oil Pipelines Planned for the Future

Feb 18, 2013 at 17:23 | James Hamilton

The EIA last week released a nice summary of planned additional U.S. pipeline capacity.The reversal of the Seaway Pipeline began last May to carry 150,000 b/d…

Choosing the Right Oil Company to Own in 2013

Feb 18, 2013 at 12:13 | Editorial Dept

I have been making the point about crude oil production and capex absolutely CONTROLLING the energy space right now and through 2013 and this week’s entry is perfect to point…

KENYA: Jordanian Company Quits Exploration License

Feb 14, 2013 at 14:48 | Editorial Dept

Bottom Line: The decision by Jordan’s Edgo Energy to relinquish its offshore exploration license opens up opportunities for new explorers but highlights two key problems: the technical difficulty of drilling…

Super Majors Need to Step Up Their Oil Game

Feb 13, 2013 at 17:01 | Charles Kennedy

The oil super majors haven’t done anything terribly impressive in the past five years—a period that has seen the juniors shine in places like Iraqi Kurdistan, and even in Texas.

The Petroleum Rollercoaster

Feb 08, 2013 at 16:58 | Professor Chris Rhodes

I wrote the following in a previous posting but there are a number of points of issue, which I shall now address. In particular, the aspect of the apparent…

Why Crude Oil Producers Will Outperform in 2013

Feb 08, 2013 at 14:37 | Dan Dicker

I view oil through a 25-year career of daily engagement in the futures markets.  It’s not the standard Wall Street view. I can’t describe how all that experience…

Oil Market Forecast & Review 8th February 2013

Feb 08, 2013 at 14:31 | Editorial Dept

The 12-week crude oil rally appears to be running out of steam after reaching $98.24. Despite the close near the high last week, buyers were absent from the get-go this…

How does Fracking Differ from Conventional Oil Recovery

Feb 07, 2013 at 17:01 | Dave Summers

Before there were refrigerators folks kept drinks cool by putting them into clay jars that had been soaked in water. The evaporation of the water from the clay cooled the…

Oil Majors Support C02 Tax in Canada

Feb 05, 2013 at 17:06 | Charles Kennedy

Exxon Mobil Corp. (NYSE: XOM), France’s Total SA and Cenovus Energy Inc. (CVE) are all actually seeking the imposition of a tax on carbon dioxide emissions in Canada. It’s not…

Why has US Oil Consumption Steadily Fallen since 2004?

Feb 01, 2013 at 16:52 | Gail Tverberg

United States oil consumption in 2012 will be about 4.7 million barrels a day, or 20%, lower than it would have been, if the pre-2005 trend in oil consumption growth…

Glencore Poised to Become Largest Russian Oil Trader

Feb 01, 2013 at 16:34 | Charles Kennedy

An unprecedented deal between Russia’s state-controlled Rosneft and Glencore (GLEN:LN)—the world’s largest oil trader—gives Rosneft much-needed cash and positions Glencore to become the world’s largest trader of Russian oil. This…

From Shale Boom to Refinery Revolution: Massive Investment Potential

Feb 01, 2013 at 14:23 | Dan Dicker

Note: Following on from last week’s Inside Investor report with Dan Dicker where he mentioned CVR Refining (up over 10% since last Friday.) We decided to spend some time looking…

Iraq's Ongoing Oil Resources Power Struggle

Feb 01, 2013 at 14:13 | Editorial Dept

Incident: The tit-for-tat conflict over Iraq’s oil resources continues with Iraqi Kurds suggesting they are in talks with “two to three major international companies” to develop oil resources claimed by…

Alaska Mulls Oil Industry Tax Break to Boost Production

Jan 31, 2013 at 17:01 | Charles Kennedy

Everyone likes a good tax break, and Alaska’s governor is courting the oil and gas, timber and mining industries with a legislative proposal designed to make the state as attractive…

Oil Production Remains the Same, but Rig Counts Continue to Grow

Jan 30, 2013 at 17:18 | The Oil Drum

In January 1995 there was a total of 1738 oil and gas rigs drilling globally (excluding the former Soviet Union (FSU)). By February 2012 that number had more than doubled…

Does 2013 Herald an Oil Supply Crisis?

Jan 28, 2013 at 16:48 | Post Carbon

We are only a few weeks into the New Year and already the shape of the next 11 months is starting to form. To start, the U.S. Department of Energy…

The Coming Oil War ... Against al-Qaeda

Jan 25, 2013 at 17:22 | Daniel J. Graeber

A consortium minding security issues for journalists working in hostile territory warned that credible reports revealed a threat to oil installations in Libya. Islamists based in Libya were said to…

Shale Oil and the Australian Outback - A Hot, Secure Frontier

Jan 25, 2013 at 13:08 | Editorial Dept

Forget the “frontier” basins of North Africa for now, and the energy sector uncertainty in the Levant, which has been taken over by the Muslim Brotherhood, here’s a massive opportunity…

Oil Market Forecast & Review 25th January 2013

Jan 25, 2013 at 12:59 | Editorial Dept

An improving global economy and stronger demand for higher risk assets helped drive crude oil futures higher this week. Although the market looked sluggish at times due to technically overbought…

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