The market is growing increasingly…
Africa’s biggest oil producer, Nigeria,…
The U.S. Energy Department said crude oil production from the United States could reach 7.5 million barrels per day before the end of the decade. Natural gas production, meanwhile, should…
Three foreign oil juniors are set to begin exploration in Somaliland by next year, as the rush on East African hydrocarbon largesse extends to the riskiest venues of the Horn.…
You might not think that money from oil would be a problem for Azerbaijan, one of the former Soviet Union’s largest energy producers. But when oil production drops, and election-year…
Oil shale, also known as kerogen shale, is an organic-rich fine-grained sedimentary rock containing kerogen (a solid mixture of organic chemical compounds) from which liquid hydrocarbons called shale oil can…
The British government announced it was withholding aid to Rwanda out of concern the government there was backing the rebel M23 movement in neighboring Democratic Republic of Congo. As early…
Oil is fundamentally a depletable resource – once a barrel is extracted from the ground and burned, it is gone. Nevertheless, world oil production has continued to increase steadily for…
Uncertainty whether Russia can maintain its high level of oil production continues - 10.7 million b/d in 2012 to date on average. A new more benign tax regime that has…
OPEC faces a triple dilemma over the short, medium and long term, none of which have good outcomes for the cartel. The short term is simple; prices are likely to…
Provincial leaders in energy-rich Canada are reviewing ways to send oil from Alberta province to eastern refineries in an effort to ensure energy independence. Most of the refineries in the…
[Editor's comment: This article is by Dr. Tad Patzek, chairman of the Department of Petroleum & Geosystems Engineering at The University of Texas at Austin. Dr. Patzek's research involves mathematical…
Was the most recent American election outcome determined by the presidential debates, changing demographics, voter views on issues, Hurricane Sandy (and the president's reaction to it) or voter turnout? Probably…
For the past five years, progress in extracting gas and oil from shale deposits has been revolutionizing the energy industry in the United States. Now, a new report…
On 14 November, South Sudan President Salva Kiir declared during a meeting he held in Juba with visiting Kenyan deputy Prime Minister Uhuru Kenyatta that his country's oil production will…
A paper published recently by the IMF gives us some insight into how oil prices and availability might affect the global economy in the next decade. The paper, entitled Oil…
The American Petroleum Institute reported that October demand for petroleum products was at its lowest level for any October in 17 years. John Felmy, the group's chief economist, said demand…
The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become…
I’ve said it before, but it needs to be said again: The US is not overtaking Saudi Arabia as the world’s largest producer of oil. Here’s what everyone needs to…
A U.S. financial regulator dismissed a challenge from groups advocating on behalf of the petroleum industry who said transparency rules regarding payments made to foreign governments put them at a…
Does the International Monetary Fund (IMF) believe we have a peak oil problem? The precise answer is that the IMF is currently studying how constraints in world oil…
An oil executive once observed that burning oil for energy is like burning Picassos for heat. Oil is extraordinarily valuable as the basis for so many products…