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Energy / Crude Oil

Kurdish Crude Hits the International Market

Kurdish Crude Hits the International Market

Apr 08, 2013 at 18:22 | Jen Alic

The Baghdad-Erbil oil standoff will escalate as the Iraqi Kurds sell their first crude oil on the international market and as Austria’s OMV launches production at one of its wells…

Oil Exporters Must be Wary of Dependence on Oil Revenues

Oil Exporters Must be Wary of Dependence on Oil Revenues

Apr 08, 2013 at 18:00 | Gail Tverberg

Recently, I explained how high oil prices can bring on financial collapse for oil importers. In this post, I’ll discuss the flip side of the situation: how oil exporters…

Are Canadian Oil Policies Misguided?

Are Canadian Oil Policies Misguided?

Apr 05, 2013 at 18:08 | Daniel J. Graeber

The provincial government in Alberta is mulling new rules that would require the oil industry to cut greenhouse gas emissions tied to oil sands production by as much as 40…

Oil Market Forecast & Review 5th April 2013

Oil Market Forecast & Review 5th April 2013

Apr 05, 2013 at 13:17 | Editorial Dept

After posting a high last week at $97.80, May crude oil sold off sharply on the daily and weekly charts. The fundamental catalyst behind the move was an unexpected rise…

ANGOLA: 9th Offshore Oil Discovery Increases Resource Base

ANGOLA: 9th Offshore Oil Discovery Increases Resource Base

Apr 05, 2013 at 13:13 | Editorial Dept

Bottom Line: Italy’s Eni SpA has made its 9th offshore discovery in Angola, setting up the West African country to become a regional energy hub. Analysis: Last week,…

COLOMBIA: Two New Oil Discoveries and Investor Incentives in the Works

COLOMBIA: Two New Oil Discoveries and Investor Incentives in the Works

Apr 05, 2013 at 13:10 | Editorial Dept

Bottom Line: The Colombian president unveils plans to eliminate the 8.9% tax on natural gas and other potential initiatives such as free-market gas pricing that will increase investor optimism at…

Peak Oil is Dead! How Accurate have Past Predictions Been?

Peak Oil is Dead! How Accurate have Past Predictions Been?

Apr 04, 2013 at 19:51 | James Hamilton

"Peak oil is dead," Rob Wile declared last week. Colin Sullivan says it has "gone the way of the Flat Earth Society", writing:Those behind the theory…

Lukoil Take a Pass on Arctic Energy Resources

Lukoil Take a Pass on Arctic Energy Resources

Apr 04, 2013 at 17:44 | Climate Progress

A top exec at Russia’s second largest oil company — and the largest non-governmental driller — has no interest in taking a gamble on high-risk Arctic Ocean drilling.In…

Can OPEC Survive the Arab Spring?

Can OPEC Survive the Arab Spring?

Apr 03, 2013 at 17:51 | Daniel J. Graeber

U.S. oil production is putting a crimp on demand from OPEC suppliers, the cartel said in its monthly report for March. Saudi Arabia alone cut its output by around 700,000…

Have the Canadian Tar Sands had their Day?

Have the Canadian Tar Sands had their Day?

Apr 02, 2013 at 17:56 | Dave Cohen

Is Canada's tar sands expansion in trouble? Probably not, but the issue is complicated, so bear with me.Back on November 9, 2012 I wrote a post called


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