Analysts from Standard Chartered have…
Colombia’s national oil company, Ecopetrol,…
Exxon Mobil is no longer the world's number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft,…
The impact of unconventional fuels like shale oil on the global energy system is still an issue of great uncertainty. Not so much because of the size of the tank…
Here we go again, another ‘Planet Stupid’ update. All posts like this one have a predictable structure. Some egregious baloney is put out by a propaganda organization like Reuters, the…
The headline-sweeping news led by the Associated Press this week to the effect that the US is poised to overtake Saudi Arabia as the world’s largest producer of oil buries…
We seem to hear two versions of the story of limited oil supply:1. The economists’ view, saying that the issue is a simple problem of supply and demand.…
“For foreign oil companies seeking to expand production and reserves, Russia is now off limits,” Robbert Van Batenburg, head of research at Louis Capital Markets LP in New York, said…
The battle for control of the Middle East, part of which is being fought today in Syria, and that this past weekend many fear has spread to engulf neighboring Lebanon,…
On Wednesday I noted that encouraging more U.S. oil production was unlikely to result in a significant drop in U.S. retail gasoline prices. Nevertheless, I believe that there would…
In the third century, greed got the best of Rome's emperors. As they spent through the silver in the treasury, one emperor after another reduced the amount of precious metal…
Oil extraction technology marches on. University of Pittsburgh engineers show crude oil extraction could be improved significantly and accessible domestic oil reserves could be expanded with their new economical…
In the Caspian Sea’s choppy waters off western Kazakhstan’s coast, D-Day is approaching on a man-made mound called D Island. It is the nerve center of the Kashagan field, the…
Turkey’s economy is one of the most booming of the Middle East, with a growth rate, despite the ongoing economic recession over the past decade, of an average 5.5…
The Iraqi government said Wednesday it was pulling back from its plans to increase oil production dramatically within the next five years. Baghdad, beginning in 2008, has brought in international…
I love it. First, Israel's right-wing prime minister, Benjamin Netanyahu, calls for a snap election. Many observers are viewing this as a referendum on war with Iran. Then, terrorists blow…
Continental Resources Inc. unveiled its newest oil field with a reservoir rock of an oil-rich portion of the Woodford Shale that lies beneath oil fields tapped long ago by some…
It has not been a good year for super tankers, what with sanctions on Iran and the US shale boom that has resulted in reduced demand for cargo transport and…
UK based think tank Chatham House has published a new report: What Next for the Oil and Gas Industry? The report predicts a continued lessening of demand for middle…
The price oil sands producers receive fell to $38 a barrel below the international benchmark oil price on Monday, leaving more than one fifth of all Alberta projects unviable.
On-going concerns over the global economy helped push oil prices to recent lows, with U.S. and foreign futures down more than 2.5 percent in recent trading. Most major U.S. stock…
There is a popular belief in the Middle East that Washington’s foreign policy, particularly as it relates to this precarious region, is largely driven by America’s dependency on, and insatiable…