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These Are the World's Biggest Oil Reserves

These Are the World's Biggest Oil Reserves

Russia's discovery of colossal oil…

U.S. Crude Is Dominating Global Oil Markets

U.S. Crude Is Dominating Global Oil Markets

Surging U.S. crude exports, particularly…

Energy / Crude Oil

Have the Canadian Tar Sands had their Day?

Apr 02, 2013 at 17:56 | Dave Cohen

Is Canada's tar sands expansion in trouble? Probably not, but the issue is complicated, so bear with me.Back on November 9, 2012 I wrote a post called

Lack of Transport Causes Short Term Problems for US Oil Industry

Apr 02, 2013 at 17:52 | Dian L. Chu

Oil is again climbing toward $100 a barrel and consumers are paying more than ever at the pump. Even natural gas prices have climbed off the mat, besting $4 per…

Is There Any Way to Win the Tar Sands Debate Given all These Spills?

Apr 01, 2013 at 18:06 | Daniel J. Graeber

Exxon Mobil dispatched more than 100 responders to a community in Arkansas to address a release from its Pegasus pipeline system. So far, the company said it has managed to…

Oil Market Forecast & Review 29th March 2013

Apr 01, 2013 at 11:13 | Jim Hyerczyk

Last week our work suggested that crude oil may have been closer to a bottom than a top because the Commitment of Traders report showed that small speculators were liquidating…

Pipelines Can't Handle North American Oil Boom

Mar 27, 2013 at 17:48 | Daniel J. Graeber

The production of oil from Western Canada is expanding to the point that existing pipeline capacity is overwhelmed. Canadian pipeline company Enbridge aims to get its Northern Gateway project built…

Lebanon’s Oil Industry Heading into Troubled Waters

Mar 20, 2013 at 18:25 | Claude Salhani

Oil and natural gas from Lebanon’s yet to be exploited fields in the Mediterranean Sea are heading into troubled waters experts in Beirut predict. Unless the Lebanese government adopts stern…

Colombia: Shale Oil Exploration Gains Momentum

Mar 20, 2013 at 18:17 | Editorial Dept

(This report is part of Oilprice.com’s premium publication Oil & Energy Insider. Oil & Energy Insider gives subscribers an information advantage when investing, trading or doing business in the…

Shell to Spend $1bn in Iraqi Oilfield Development

Mar 19, 2013 at 18:13 | Charles Kennedy

As Royal Dutch Shell prepares to resume operations at Majnoon field in Iraq in May, the supergiant plans to invest more than $1 billion this year to bring production online.…

Oil Sands Show Obama’s Policy-Making at Its Worst

Mar 19, 2013 at 18:01 | Llewellyn King

What a mess President Obama makes as he tries to placate both sides of a dispute and comes out looking just inept.The president’s possible approval of the 2,000-mile-long…

Why New Oil Discoveries won’t Make a Difference to our Energy Future

Mar 18, 2013 at 12:54 | Kurt Cobb

With the media awash in stories telling us how much oil is being discovered around the world, there is one word which the optimists quoted in these stories refuse to…

BRAZIL: Oil Production Threatened by New Royalties Law

Mar 15, 2013 at 14:39 | Editorial Dept

Bottom Line: Massive plans to tap into Brazil’s subsalt fields and an upcoming auction of new oil and gas blocks in May could be delayed as we expect a high-profile…

China Set to Become the World’s Largest Oil Importer

Mar 07, 2013 at 17:08 | Stuart Burns

In a recent Commodities Note, Reuters detailed how the Paris-based International Energy Agency (IEA) is changing the way it records and reports China’s crude and refined oil products consumption as…

U.S. Oil Production Tops 7 Million Barrels-Per-Day

Mar 07, 2013 at 16:59 | Dave Cohen

Back in 2006-2007 when I was writing about peak oil, I would never have believed that U.S. crude oil production would reach 7 million barrels-per-day in the last month of…

Ethiopia: A Potentially Golden Block on East Africa’s Tertiary Rift

Mar 06, 2013 at 13:35 | Editorial Dept

(This report is part of Oilprice.com’s premium publication Oil & Energy Insider. Oil & Energy Insider gives subscribers an information advantage when investing, trading or doing business…

Recent Oil Discovery off Lebanese Coast Draws Naval Powers to East Med

Mar 05, 2013 at 15:37 | Claude Salhani

The discovery a few years ago of an important deposit of oil and gas reserves in the waters just off the Lebanese, Israeli and Cypriot coasts has raised the interest…

Energy Efficiency Vital to Cutting Oil Demand

Mar 05, 2013 at 15:25 | Post Carbon

When peak oil first came to widespread public attention some 10 or 15 years ago, there was some debate about whether peak oil was the solution to climate change caused…

China Overtakes the US to become the World’s Largest Oil Importer

Mar 04, 2013 at 16:53 | MINING.com

For the first time in almost 40 years, the U.S. has lost its top net oil importer position to China according to preliminary figures published by the U.S. Energy…

US Crude Production Exaggerated in Order to Keep Consumption High

Mar 04, 2013 at 16:50 | Kurt Cobb

The way the oil industry is touting gains in U.S. crude production, you would think that production is soaring to new all-time highs. But the facts say otherwise. Below is…

Will Colombia Become Latin America’s Poster Child for Peak Oil

Mar 01, 2013 at 15:32 | John Daly

The two most hotly debated scientific concepts associated with energy are “global warming” and “peak oil,” both with myriad proponents and detractors around the world. In the latter…

Oil Market Forecast & Review 1st March 2013

Mar 01, 2013 at 09:47 | Jim Hyerczyk

Last week it was mentioned that nearby crude oil was expected to complete a test of the retracement zone at $92.37 to $90.85 and likely stay in this zone until…

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