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IEA: OPEC+ Has Put “A Floor Under Prices”

IEA: OPEC+ Has Put “A Floor Under Prices”

The IEA thinks that OPEC…

Chinese-Venezuelan Joint Venture Doubles Oil Production

Chinese-Venezuelan Joint Venture Doubles Oil Production

A joint venture between troubled…

Energy / Crude Oil

Lloyd’s Research Paper Warns of Peak Oil Crunch

Lloyd’s Research Paper Warns of Peak Oil Crunch

Jul 13, 2010 at 13:02 | Darrell Delamaide

The Lloyd’s insurance market in London added its voice to those warning about dependence on oil with the release of a research paper that predicted a supply crunch and price…

Crude Oil Awaiting Guidance

Crude Oil Awaiting Guidance

Jul 06, 2010 at 04:54 | Editorial Dept

Crude oil is starting the new week on a down note as economic worries continue to dictate near-term price direction. Last week oil lost an enormous 8.6% after double dip…

A Downshift in US and Chinese Growth Marks a Critical Break for Crude

A Downshift in US and Chinese Growth Marks a Critical Break for Crude

Jul 02, 2010 at 10:54 | Daily FX

Is the global economy facing a double dip recession and a new financial crisis? That is the concern that made the capital markets swoon Thursday. A disappointing round of data…

Oil’s Irreplaceable Role in the Global Energy economy

Oil’s Irreplaceable Role in the Global Energy economy

Jun 19, 2010 at 09:15 | Robert Bryce

Back in 2006, George W. Bush declared that the US is “addicted to oil.” Since then, that phrase has been repeated ad nauseum by politicos on both the Left and…

Oil company Chiefs Push for Lifting of Drilling Freezes

Oil company Chiefs Push for Lifting of Drilling Freezes

Jun 18, 2010 at 09:25 | Geoffrey Styles

I watched Tuesday's hearing on offshore drilling operations and safety by the Energy and Environment Subcommittee of the House Energy & Commerce Committee, which featured the CEOs of ExxonMobil, Chevron,…

Uganda’s Oil Opportunity

Uganda’s Oil Opportunity

Jun 13, 2010 at 11:05 | Jody Ray Bennett

Uganda’s recent oil discovery has the chance to reshape relations with its neighbours and the West as energy multinationals eye potential opportunities. The Great Rift Valley of East Africa -…

High Hurricane Activity Threatens Gulf Oil Production, Cleanup Efforts

High Hurricane Activity Threatens Gulf Oil Production, Cleanup Efforts

Jun 09, 2010 at 08:28 | Darrell Delamaide

As hurricane season begins in the Caribbean and Gulf of Mexico, forecasters are predicting higher-than-usual activity that could disrupt oil and gas production in the Gulf and hinder efforts to…

The Death of BP?

The Death of BP?

Jun 06, 2010 at 11:36 | Robert Rapier

It was about six weeks ago that the man I work for walked into my office and asked what was happening in the world of energy. “This oil leak in…

Big Oil is Paying

Big Oil is Paying

Jun 06, 2010 at 11:15 | Allen Gilmer

In 2006, when I wrote this, and culled directly from their 10K, ExxonMobil paid $30.7 billion in excise taxes, $41.6 billion in other "taxes and duties", and $59.4 billion in…

Middle East producers see more heavy oil in their future

Middle East producers see more heavy oil in their future

Jun 05, 2010 at 06:08 | Darrell Delamaide

Middle East oil countries should increase production of heavy oil as oil prices remain higher and improved technology makes it easier, those attending an industry conference in Bahrain were told.…

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