• 3 minutes Why NG falling n crude up?
  • 7 minutes Tesla Battery Day (announcements on technology)
  • 10 minutes America Could Go Fully Electric Right Now
  • 25 mins Kalifornistan, CO2, clueless politicians, climate hustle
  • 5 hours Presidential debate will address taxes. Personal and Corp, including International Oil companies that pay little U.S. Income tax using Transfer Pricing.
  • 2 days JP Morgan Christyan Malek, report this Summer .. . We are at beginning of oil Super Cycle and will see $190 bbl Brent by 2025. LOL
  • 2 hours Something wicked this way comes
  • 13 hours Ilhan Omar connected Ballot Harvester in cash-for-ballots scheme
  • 2 days Jake Gardner from Omaha wrongly charged with murder while protecting his business from rioters. . . . . . Kills himself
  • 2 hours BLM organizer plows her car thru Trump supporters. She was arrested and charged with attempted murder
  • 2 days Ten Years of Plunging Solar Prices
BP Bombshell: India’s Oil Demand May Peak In 2025

BP Bombshell: India’s Oil Demand May Peak In 2025

India’s oil consumption may peak…

What BP Got Wrong About Global Oil Demand

What BP Got Wrong About Global Oil Demand

The recent BP Energy Outlook…

Energy / Crude Oil

Trump's Drilling Ban Bombshell Rocks Oil Industry

Sep 08, 2020 at 16:44 | Julianne Geiger

U.S. President Donald Trump shocked the oil industry today with a surprise announcement that he would extend the existing moratorium on oil drilling on parts of Florida’s, South Carolina’s, and…

Global Oil Demand To Return To Pre-Crisis Levels In Three Years

Sep 08, 2020 at 10:02 | Tsvetana Paraskova

It will take three years for global oil demand to rebound to pre-pandemic levels, as jet fuel consumption continues to trend much lower than last year’s levels, according to Bank…

Big Oil Sees Major Potential In Suriname

Sep 07, 2020 at 17:31 | Matthew Smith

Suriname is one of Latin America’s poorest countries. Up until July 2020, the former Dutch colony was mired in a political crisis that emerged from the hotly contested…

The Complete Breakdown Of Russian Output Cuts

Sep 07, 2020 at 12:06 | Kirill Rodionov

The OPEC+ deal, concluded in April amid falling global demand, may lead to a double-digit decline in Russian crude oil production for the first time in more…

IEA: Oil Demand Recovery Has Stalled

Sep 07, 2020 at 10:03 | Tsvetana Paraskova

The International Energy Agency (IEA) joined the chorus of analysts saying that the pace of global oil demand recovery has stalled in recent weeks on the back of weak refining…

Saudi Arabia To Cut Oil Prices As Demand Fears Grow

Sep 07, 2020 at 09:05 | Irina Slav

Saudi Arabia has cut its official selling prices for crude oil in the latest sign that demand recovery is stumbling, Bloomberg reports, adding that this is the first time…

U.S, Shale Recovery Leans On Huge Inventory Of DUCs

Sep 04, 2020 at 17:06 | Rystad Energy

The recovery of fracking operations in the US is happening largely thanks to an unusually high inventory of drilled but uncompleted wells (DUCs), which is strong enough to…

Big Oil’s Risky Plastic Bet Could Lead To $400 Billion In Stranded Assets

Sep 04, 2020 at 08:58 | Irina Slav

Oil companies are risking some $400 billion in stranded assets with their focus on petrochemicals production growth that relies on strong growth in demand for plastics, Carbon Tracker has said…

30 Years Of Drilling Data Points To A Rebound In U.S. Oil Production

Sep 02, 2020 at 16:36 | Tom Kool

While speculation continues about whether drilling activity in the U.S. oil patch has hit rock bottom yet, some analysts believe that the industry is already on the path…

Why No One Is Buying Up Shale Assets

Sep 02, 2020 at 16:18 | Irina Slav

Since the start of the year, 57 oil production and oilfield services companies have filed for Chapter 11 bankruptcy protection. Many more bankruptcies are on the way, all…

Saudi Arabia’s Oil Exports To The U.S. Slump To Lowest Level In Decades

Sep 02, 2020 at 13:35 | Tsvetana Paraskova

The world’s top oil exporter, Saudi Arabia, continues to try to tighten the world’s most transparently reported oil market by slashing crude oil shipments to the United States to the…

Oil Price Rally Stalls As U.S. Fuel Demand Falters

Sep 02, 2020 at 11:46 | Tsvetana Paraskova

Oil prices rallied after touching multi-decade lows in April, but they have been stuck in a narrow trade band for two months now as the pent-up U.S. demand…

Russia Wants OPEC+ To React To Oil Demand Recovery

Sep 02, 2020 at 10:01 | Tsvetana Paraskova

Russia will propose to OPEC+ to react to the recovery in global oil demand, which has now reached 90 percent of the levels seen before the pandemic, Russia's Energy Minister…

OPEC Production Rises By 950,000 Bpd In August

Sep 02, 2020 at 09:00 | Irina Slav

OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand also…

Kuwait Looks To Ease Dependence On Saudi Arabia With New Oil Development

Sep 01, 2020 at 14:11 | Simon Watkins

Kuwait had already slipped into an economic contraction of 1.1 per cent the fourth quarter of 2019, over the same period in the previous year, before Saudi Arabia decided to…

Oil Prices Rise As U.S. Dollar Index Drops To 2-Year Low

Sep 01, 2020 at 09:12 | Tom Kool

Oil prices jumped on Tuesday morning, paring overnight losses ahead of the API inventory data report.At 09:02 AM,

Iraq Struggles To Restart Damaged Refineries

Aug 31, 2020 at 15:36 | Viktor Katona

Still struggling to overcome the draining consequences of almost ceaseless conflict and political haggling, Iraq has nevertheless managed to overcome the worst of the 2020 oil market slump…

Robust Chinese Demand Fuels Oil Market Recovery

Aug 31, 2020 at 13:26 | Yousef Alshammari

Following last week's price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China. Additionally, U.S. dollar weakness contributed to last week's price rally. Traders…

Angola Aims To Ramp Up Oil Production

Aug 28, 2020 at 13:00 | Tsvetana Paraskova

Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2025, according to a…

Oil Major Equinor Stops Drilling In U.S. Shale Patch

Aug 27, 2020 at 08:27 | Irina Slav

Norway's Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment, a spokesperson for the company said…

Oilprice - The No. 1 Source for Oil & Energy News