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IEA: An Oil Glut Is Inevitable In 2020

IEA: An Oil Glut Is Inevitable In 2020

Despite OPEC’s best efforts to…

Energy / Crude Oil

Will The OPEC Meeting Yield A Bullish Surprise?

Will The OPEC Meeting Yield A Bullish Surprise?

Dec 02, 2019 at 17:24 | Nick Cunningham

Oil prices fell sharply on Friday on rumors that OPEC would decline to deepen the production cuts, but the rumor mill continues to churn. Over the weekend, Iraq’s oil…

How Much Crude Oil Do You Unknowingly Eat?

How Much Crude Oil Do You Unknowingly Eat?

Dec 02, 2019 at 16:21 | Haley Zaremba

You may think (or hope) that in your daily life you don’t need to worry about unknowingly eating or otherwise ingesting crude oil or any of its many, many petrochemical…

Visualizing The US Shale Slowdown

Visualizing The US Shale Slowdown

Dec 02, 2019 at 15:57 | Peak Oil Barrel

This is a guest post by Ovi here.   All of the oil production data for the states comes from the EIA?s Petroleum Supply Monthly. The charts below are…

The Superpowers Battling Over Iraq's Giant Oil Field

The Superpowers Battling Over Iraq's Giant Oil Field

Nov 29, 2019 at 16:41 | Simon Watkins

Ever since the U.S. signalled through its effective withdrawal from Syria that it now has little interest in becoming involved in military actions in the Middle East, the door has…

All Eyes On China As Oil Demand Dwindles

All Eyes On China As Oil Demand Dwindles

Nov 27, 2019 at 13:54 | Irina Slav

Despite oil prices trading in a range that should have stimulated a notable improvement in consumption, the world actually consumed just 1.6 percent more oil between June and August this…

What Can We Learn From Peak Whale Oil?

What Can We Learn From Peak Whale Oil?

Nov 27, 2019 at 11:41 | Haley Zaremba

The energy industry is based on what was once thought of as an inexhaustible natural resource, but over-exploitation and a growing reliance on oil has made extraction more and more…

Airstrikes Disrupt Production At Libyan Oilfield

Airstrikes Disrupt Production At Libyan Oilfield

Nov 27, 2019 at 10:29 | Tsvetana Paraskova

Airstrikes have once again disrupted production of Libya’s El Feel oilfield on Wednesday, after the eastern-based Libyan National Army, led by Khalifa Haftar, retaliated after forces loyal to the…

OPEC Optimism Lifts Oil Prices

OPEC Optimism Lifts Oil Prices

Nov 26, 2019 at 13:55 | Tom Kool

Oil prices inched higher on Tuesday morning as OPEC-driven optimism returned to markets with the cartel announcing the date of its December meeting

IEA Warns Of A Looming Oil Glut Ahead Of OPEC Meeting

IEA Warns Of A Looming Oil Glut Ahead Of OPEC Meeting

Nov 26, 2019 at 12:00 | Tsvetana Paraskova

Strong oil supply growth from non-OPEC countries puts a lot of pressure on OPEC and its Russia-led partners to act, and they will hopefully make the right decision for themselves…

Iraq Is Finally Ready To Solve Its Biggest Oil Problem

Iraq Is Finally Ready To Solve Its Biggest Oil Problem

Nov 26, 2019 at 09:31 | Irina Slav

The central Iraqi government said it had reached an agreement “in principle” with the government of semi-autonomous Kurdistan on the terms of sharing the oil production of the northern Iraqi…

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