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Russia Considers Extending Oil Output Cuts Beyond June

Russia Considers Extending Oil Output Cuts Beyond June

Russia’s Energy Minister Alexander Novak…

IEA: Peak Oil Demand Is Still Years Away

IEA: Peak Oil Demand Is Still Years Away

The world hasn’t seen peak…

Energy / Crude Oil

Why the World Should Brace for a Future U.S. Oil Embargo

Feb 07, 2014 at 17:43 | Daniel J. Graeber

U.S. policymakers are divided over what to do with the glut of domestic oil. Both sides of the debate craft their rhetoric around economic issues, though a report from a…

Alaska’s Largest Refinery to Close Down

Feb 07, 2014 at 17:38 | Charles Kennedy

Alaska’s largest refinery by capacity may shut down operations permanently beginning in May this year, citing the massive costs associated with clean-up. The North Pole refinery, operated by…

Oil Drilling Disappointment for Anadarko off New Zealand

Feb 07, 2014 at 17:34 | John Daly

Score one for the dozens of blue whales placidly munching plankton off New Zealand’s South Taranaki Bight.On 4 February Texas-based company Anadarko abandoned an exploratory well off…

New Study Finds Oil Sands Pollutants Underestimated by Official Estimates

Feb 04, 2014 at 17:15 | Rory Johnston

The emission levels of some pollutants from the Athabasca oil sands may be higher than previous official estimates, according to researchers at the University of Toronto. The focus of the…

Getting Around the US Crude Export Ban

Feb 03, 2014 at 15:52 | Charles Kennedy

Those who seek to get around the ban on most US crude exports that has been in place for four decades are reportedly eyeing the potential to export petroleum byproducts,…

Why Europe Won't See Canadian Crude Anytime Soon

Jan 31, 2014 at 17:21 | Daniel J. Graeber

Environmental groups in the European Union said they would consider taking a complaint against the European Commission to a top court in Luxembourg for reneging on a measure that labels…

Emerging Markets, Fed Tapering, and Oil

Jan 31, 2014 at 16:42 | Editorial Dept

Investors began to flee positions in emerging markets over the last week or two as concerns of slower growth and uncertainty surrounding Federal Reserve policy spread around the world.

This Might Be The World’s Lowest-Cost Oil

Jan 24, 2014 at 16:13 | Editorial Dept

Quick, what do the following three events from last week have in common?1)    Shell warning on lower-than-expected profits for the past quarter2)    India raising its domestic…

Can Italy Double Its Oil Production?

Jan 22, 2014 at 16:57 | Rory Johnston

Beneath the ancient groves of Italy’s Basilicata region lies something more valuable to modern Italy than olives—oil.  The region represents the “instep” of Italy’s iconic boot and contains the largest…

Turkey Finds High Grade Oil on its Border with Iraq

Jan 20, 2014 at 17:48 | John Daly

The past decade has seen Turkey’s economy take off, but one significant drag on its performance is the country’s paucity of indigenous hydrocarbon resources, resulting in massive energy import bills.…

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