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Energy / Crude Oil

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…

Peak Oil: Gone for Now but Celebrations will be Short Lived

Feb 28, 2013 at 16:42 | Post Carbon

Given the increase in the amount of oil that China and India are importing, it looks as if there will be no oil available for other countries to import in…

Oil, Much as Weapons, is Dangerous in the Wrong Hands

Feb 26, 2013 at 16:57 | Claude Salhani

The discovery of oil in the Middle East around the 1930s has had a drastic effect on the lives of the people in the region.  In most instances this black…

The Top Oil Finds for January and February that should be on Your Radar

Feb 25, 2013 at 16:42 | 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…

Cheney-Linked Company to Drill in Occupied Golan Heights

Feb 22, 2013 at 16:58 | Daniel J. Graeber

The Israeli government awarded a local subsidiary of U.S.-based Genie Energy the rights to explore for oil and natural gas in about 150 square miles of the southern section of…

Angola and Ghana: West Africa's New Gems

Feb 22, 2013 at 13:51 | Editorial Dept

Sweet Angola’s Sweet, Light Crude OPEC-member Angola is a leading producer of crude in Sub-Saharan Africa; more than one-third of all offshore oil discoveries in the region in…

Discovering 2013: The Top Finds of the Last Two Months

Feb 22, 2013 at 13:44 | Editorial Dept

Last year was a record one for major new discoveries, and 2013 has so far demonstrated that the road to discovery still has plenty of mileage. The past two months…

ECUADOR: Correa and the Future of Oil

Feb 22, 2013 at 13:09 | Editorial Dept

Bottom line: Foreign investment, though crucial for improving oil production levels in Ecuador, will remain far below potential for political reasons.Analysis: On 17 February 2013, President Rafael Correa…

Governments Must Work together to Avoid a Peak Oil Scenario

Feb 19, 2013 at 16:34 | Professor Chris Rhodes

Decline in output from the world's oil fields is averaging 5% per year, with some speculation that we may have reached the global production limit for conventional crude…

Keystone XL: Celebrities Won't Help the Cause

Feb 18, 2013 at 17:27 | Charles Kennedy

Both the protest movement against Keystone XL and the industry attempt to prove that Americans want it, are irrelevant: Keystone is set in stone and nothing indicates this more clearly…

Crude Oil Pipelines Planned for the Future

Feb 18, 2013 at 17:23 | James Hamilton

The EIA last week released a nice summary of planned additional U.S. pipeline capacity.The reversal of the Seaway Pipeline began last May to carry 150,000 b/d…

Choosing the Right Oil Company to Own in 2013

Feb 18, 2013 at 12:13 | Editorial Dept

I have been making the point about crude oil production and capex absolutely CONTROLLING the energy space right now and through 2013 and this week’s entry is perfect to point…

KENYA: Jordanian Company Quits Exploration License

Feb 14, 2013 at 14:48 | Editorial Dept

Bottom Line: The decision by Jordan’s Edgo Energy to relinquish its offshore exploration license opens up opportunities for new explorers but highlights two key problems: the technical difficulty of drilling…

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