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Energy / Crude Oil

The Staggering Scale of Oil Theft in Nigeria

The Staggering Scale of Oil Theft in Nigeria

May 24, 2012 at 17:49 | John Daly

That corruption is associated with oil production is acknowledged to be a worldwide problem.But the scale of corruption in Africa is in a class by itself, particularly in…

OPEC's View of the World Oil Market

OPEC's View of the World Oil Market

May 23, 2012 at 17:29 | Dave Summers

It is interesting to read the viewpoint of OPEC each month, as it relates to global oil supply, and the numbers that they rely on to estimate how much…

No One Can Afford Another Round of Iran Sanctions

No One Can Afford Another Round of Iran Sanctions

May 21, 2012 at 14:21 | Jen Alic

As Iran and the P5+1 prepare to meet in Baghdad on 23 May for the next round of nuclear talks, Europe should be seriously considering the implications of its planned…

India Decides to Invest in the Oil Potential of the Falklands

India Decides to Invest in the Oil Potential of the Falklands

May 16, 2012 at 18:17 | John Daly

Britain and Argentina have been feuding over the sovereignty of the Falkland Islands for 180 years, and 1982 fought a brief but vicious war over them.Much has changed…

Libya: A Real World Syriana

Libya: A Real World Syriana

May 14, 2012 at 22:38 | Daniel J. Graeber

A curtain is slowly getting drawn back on the death of Shokri Ghanem, the former head of the Libyan oil industry found floating in the Danube River last month. Rumors…

New IMF Model is Far More Accurate at Predicting Oil Production

New IMF Model is Far More Accurate at Predicting Oil Production

May 11, 2012 at 17:18 | Gail Tverberg

The International Monetary Fund (IMF) recently issued a new working paper called “The Future of Oil: Geology versus Technology” (free PDF), which should be of interest to people who…

Attack on Iran's Oil Industry Ups Cyber Warfare Stakes

Attack on Iran's Oil Industry Ups Cyber Warfare Stakes

May 01, 2012 at 22:57 | Jen Alic

Stuxnet failed to cause enough damage to Iran’s nuclear program, and more recent attacks on the country’s science ministry and oil industry have also apparently fallen flat, but practice makes…

Stung by the Keystone XL Debacle, Canada Looks Eastwards

Stung by the Keystone XL Debacle, Canada Looks Eastwards

Apr 20, 2012 at 07:33 | John Daly

Given that the Keystone XL pipeline is apparently dead in the water at least until after the next presidential election, Canada is seeking new export markets in Asia for its…

Why the US is Not About to Become an Oil Exporter

Why the US is Not About to Become an Oil Exporter

Apr 18, 2012 at 17:26 | Gail Tverberg

Countries trade crude oil and oil products back and forth. When all of these transactions are netted out, is the US close to becoming a “net” oil exporter? With the…

What the EIA's World Oil Production Data for 2011 Tells Us About 2012

What the EIA's World Oil Production Data for 2011 Tells Us About 2012

Apr 12, 2012 at 17:15 | Gail Tverberg

The US Energy Information Administration (EIA) recently released full-year 2011 world oil production data. In this post, I would like show some graphs of recent data, and provide some…

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