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Energy / Crude Oil

Big Oil Slashing Spending Amid Low Prices

Dec 11, 2014 at 16:03 | Nick Cunningham

Oil prices continue to slide in mid-December, slumping towards another key threshold of $60 per barrel. Oil prices hit a five-year low on December 10. While many major oil…

Iraq’s Bright Oil Future Blocked By ISIS

Dec 11, 2014 at 15:53 | Colin Chilcoat

Last week’s oil agreement between Baghdad and the Kurdistan Regional Government (KRG) was a milestone event and the market reaction was largely fitting – Brent crude futures dropped nearly…

Cracks Showing: OPEC November Production Data

Dec 11, 2014 at 15:03 | Ron Patterson

OPEC just published its December Monthly Oil Market Report with their crude only production numbers for November. Total OPEC…

EIA Oil Production Numbers Show Global Slowdown

Dec 10, 2014 at 14:46 | Ron Patterson

The EIA has recently published their International Energy Statistics. Their stats include all liquids such as NGLs, biofuels and even refinery process gain. But I only track actual oil.…

Oil Price Tumbles After OPEC Releases 2015 Forecast

Dec 10, 2014 at 10:31 | Andy Tully

The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to OPEC’s…

US Supreme Court Rejects BP Appeal

Dec 09, 2014 at 17:21 | Colin Chilcoat

Four years later, it is clear BP gravely miscalculated the magnitude of their mistake. On Monday, the United States Supreme Court rejected BP’s settlement appeal regarding 2010’s Deepwater Horizon…

World Proved Oil Reserves Data A Work Of Fiction

Dec 09, 2014 at 17:11 | Ron Patterson

The EIA publishes Annually a list of World Proved Reserves of Crude Oil. Though all charts in this post use the EIA data, BP, the IEA and virtually every…

The OPEC Conundrum: Expect Production Cuts Before June 2015

Dec 08, 2014 at 17:17 | Euan Mearns

When OPEC met on 27th November they decided to leave production unchanged and to not meet again until June 2015. This at a time of volatility in oil markets and…

Norway’s Oil Decline Accelerating

Dec 05, 2014 at 17:16 | Nick Cunningham

New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has painstakingly sought to…

Signs Of Peak Oil Starting To Emerge

Dec 05, 2014 at 15:33 | Euan Mearns

What caused the recent crash in the oil price from $110 (Brent) in July to $70 today and what is going to happen next? With the world producing 94 Mbpd…

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