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U.S. Gulf Coast Oil Imports Hit 33-Year Low

U.S. Gulf Coast Oil Imports Hit 33-Year Low

The U.S. Gulf Coast saw…

This Overlooked Canadian Oil Niche Is Making Traders Billions

This Overlooked Canadian Oil Niche Is Making Traders Billions

As major pipeline bottlenecks continue…

Energy / Crude Oil

India - Afghanistan's Major Post 2012 Energy Investor?

India - Afghanistan's Major Post 2012 Energy Investor?

Jul 18, 2012 at 18:54 | John Daly

An “if” – a major “if,” in fact, is whether Afghanistan will achieve sufficient political stability following the withdrawal of foreign military forces in 2014 to begin economic development.

Nigeria's Oil Shifts to Smaller Players

Nigeria's Oil Shifts to Smaller Players

Jul 18, 2012 at 18:47 | Jen Alic

After five years of stalled negotiations, a bill overhauling Nigeria’s oil industry has finally won cabinet approval and if it makes it beyond the president’s office and through parliament, it…

What the Future Holds for Saudi Arabia's Oil

What the Future Holds for Saudi Arabia's Oil

Jul 18, 2012 at 18:40 | Dave Summers

Saudi Aramco has stated that it designs the well layouts and extraction patterns from its oil fields so that they effectively decline at a rate of 2% per year.*…

Fragile, but Comfortable, Oil Market Expected

Fragile, but Comfortable, Oil Market Expected

Jul 16, 2012 at 17:26 | Daniel J. Graeber

The Organization of Petroleum Exporting Countries described the global economy as "subdued" and "fragile," predicting no immediate recovery in 2013. World oil demand is forecast to grow modestly as the…

Northern Gateway Pipeline at Risk as Enbridge Faces the Flack over Oil Spill

Northern Gateway Pipeline at Risk as Enbridge Faces the Flack over Oil Spill

Jul 16, 2012 at 17:23 | John Daly

As the presidential campaign ramps up, Republican heir apparent Mitt Romney is being torn between advisors that want to make Obamacare the centrepiece of the campaign, and those that want…

Looming Peak Oil Crisis Means Economic Growth of the Past is not Possible

Looming Peak Oil Crisis Means Economic Growth of the Past is not Possible

Jul 13, 2012 at 17:12 | Post Carbon

One has to go back to the 1930's to find a time when so much of civilization was in turmoil at once. The 30's ended with World War II, tens…

How Shale and Tight Oil Have Changed the Look of US Oil Production

How Shale and Tight Oil Have Changed the Look of US Oil Production

Jul 12, 2012 at 17:29 | James Hamilton

Since 2005, the "total oil supply" for the United States as reported by the Energy Information Administration increased by 2.2 million barrels per day. Of this, 1.3 mb/d, or…

Caspian Sea Oil Dispute Flairs Up Again Between Azerbaijan & Turkmenistan

Caspian Sea Oil Dispute Flairs Up Again Between Azerbaijan & Turkmenistan

Jul 12, 2012 at 17:17 | Eurasianet

Azerbaijan and Turkmenistan are at it again, feuding over a lucrative patch of the Caspian Sea. Russia would likely be the chief beneficiary of Caspian discord, if it continues.

A Critical Appraisal of Leonardo Maugeri's Decline Rate Assumptions

A Critical Appraisal of Leonardo Maugeri's Decline Rate Assumptions

Jul 10, 2012 at 16:25 | The Oil Drum

This is a guest post by Stephen Sorrell, senior lecturer Science and Technology Policy Research, Sussex Energy Group, and lead author of the UKERC Global Oil Depletion report, and Christophe…

Changing the Definition of 'Oil' to Make the Figures Look Better

Changing the Definition of 'Oil' to Make the Figures Look Better

Jul 09, 2012 at 16:34 | Kurt Cobb

Everyone knows that world oil production has been running between 88 and 89 million barrels per day (mbpd) this year because government, industry and media sources tell us so.…


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