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IEA: An Oil Glut Is Inevitable In 2020

IEA: An Oil Glut Is Inevitable In 2020

Despite OPEC’s best efforts to…

Oil Prices Fall On Bearish EIA Data

Oil Prices Fall On Bearish EIA Data

Oil prices fell on Wednesday…

Energy / Crude Oil

New Indian Oil Find - Major Discovery, or Puddle?

New Indian Oil Find - Major Discovery, or Puddle?

Aug 17, 2012 at 17:30 | John Daly

According to the U.S. government’s Energy Information Agency, “In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. Despite a…

USGS Assesses the Growth of Conventional Oil Reserves in the US

USGS Assesses the Growth of Conventional Oil Reserves in the US

Aug 17, 2012 at 17:20 | Environmental News Network

The United States Geological Survey (USGS) is charged with the cataloguing an assessment of land formations and mineral reserves in the United States. They have recently assessed the potential additions…

Kazakhstan to Solidify Caspian Energy Role

Kazakhstan to Solidify Caspian Energy Role

Aug 16, 2012 at 17:42 | Daniel J. Graeber

Kazakhstan is expected to start making deliveries from its giant Kashagan oil field by the middle of next year. The state-controlled consortium managing the field set a production benchmark of…

South Sudan Considers Alternative Kenyan Pipeline to Outflank Sudan

South Sudan Considers Alternative Kenyan Pipeline to Outflank Sudan

Aug 15, 2012 at 17:37 | John Daly

The world’s newest, and Africa’s 54th nation, South Sudan, proclaimed independence on 9 July 2011, the result of an internationally observed referendum embodied in the 2005 Comprehensive Peace Agreement (CPA),…

Pipelines Apparently do Reduce Maritime Straits Congestion

Pipelines Apparently do Reduce Maritime Straits Congestion

Aug 14, 2012 at 17:32 | John Daly

Since the December 1991 implosion of the USSR, the Russian Federation, Azerbaijan and Kazakhstan have all seen an explosion in the development of their hydrocarbon resources. For southern neighbour…

Hell in Tajikistan: Oil Discoveries a Potential Curse

Hell in Tajikistan: Oil Discoveries a Potential Curse

Aug 10, 2012 at 17:57 | Jen Alic

A major oil find by Canada’s Tethys Petroleum in Tajikistan comes at a bad time for the Central Asian country, as the security situation is about to skyrocket out of…

The Reason Behind China's Interest in Canada's Oil Sands

The Reason Behind China's Interest in Canada's Oil Sands

Aug 06, 2012 at 17:04 | Robert Rapier

Over the past two decades, Chinese oil consumption has quadrupled to nearly 10 million barrels per day. For the past decade they have been on a growth trajectory which has…

Using Microbes to Vastly Increase Recovery from Old Oil Wells

Using Microbes to Vastly Increase Recovery from Old Oil Wells

Aug 06, 2012 at 17:00 | Brian Westenhaus

The best source of oil would be to increase oil recovery from the existing reservoirs already in production.  That oil is the easy stuff as pundits like to say, because…

Kurds Hold the Aces in Iraqi Oil Sector

Kurds Hold the Aces in Iraqi Oil Sector

Aug 02, 2012 at 14:54 | Daniel J. Graeber

The Kurdish government in Iraq announced Wednesday it would resume oil exports from the region later this week. Erbil had shut down exports in April, blaming the central government in…

Iran will Look to Refine its Crude Domestically, Rather than Export it

Iran will Look to Refine its Crude Domestically, Rather than Export it

Aug 02, 2012 at 14:08 | Energy Digital

President Mahmoud Ahmadinejad says Iran should focus now on oil products in light of tightening sanctions Iranian President Mahmoud Ahmadinejad said Iran should stop exporting crude oil and focus on…

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