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Breaking News:

Oil Slides As OPEC Delays Meeting

Benj

S&P Cuts Oil Nations Ratings

Several oil-producing nations woke up…

Chevron

This Supermajor Is About To Slash Permian Oil Production

Chevron is slashing capital expenditures,…

Energy / Crude Oil

Oil Production Remains the Same, but Rig Counts Continue to Grow

Oil Production Remains the Same, but Rig Counts Continue to Grow

Jan 30, 2013 at 17:18 | The Oil Drum

In January 1995 there was a total of 1738 oil and gas rigs drilling globally (excluding the former Soviet Union (FSU)). By February 2012 that number had more than doubled…

Does 2013 Herald an Oil Supply Crisis?

Does 2013 Herald an Oil Supply Crisis?

Jan 28, 2013 at 16:48 | Post Carbon

We are only a few weeks into the New Year and already the shape of the next 11 months is starting to form. To start, the U.S. Department of Energy…

The Coming Oil War ... Against al-Qaeda

The Coming Oil War ... Against al-Qaeda

Jan 25, 2013 at 17:22 | Daniel J. Graeber

A consortium minding security issues for journalists working in hostile territory warned that credible reports revealed a threat to oil installations in Libya. Islamists based in Libya were said to…

Shale Oil and the Australian Outback - A Hot, Secure Frontier

Shale Oil and the Australian Outback - A Hot, Secure Frontier

Jan 25, 2013 at 13:08 | Editorial Dept

Forget the “frontier” basins of North Africa for now, and the energy sector uncertainty in the Levant, which has been taken over by the Muslim Brotherhood, here’s a massive opportunity…

Oil Market Forecast & Review 25th January 2013

Oil Market Forecast & Review 25th January 2013

Jan 25, 2013 at 12:59 | Editorial Dept

An improving global economy and stronger demand for higher risk assets helped drive crude oil futures higher this week. Although the market looked sluggish at times due to technically overbought…

Big Taxes, Big Oil

Big Taxes, Big Oil

Jan 24, 2013 at 17:02 | Daniel J. Graeber

A policy report from the scholars at The Brookings Institution finds that a surge in U.S. oil and natural gas production is a "bright spot" in the nation's economy. In…

"Peak Oil" Impacting Norwegian and Saudi 2013 Production?

"Peak Oil" Impacting Norwegian and Saudi 2013 Production?

Jan 23, 2013 at 16:46 | John Daly

While it is hard to ramp up much sympathy for petro-states, Norway and Saudi Arabia are both facing a murky 2013 as domestic production falls, pushing both nations towards some…

The Unexpected Boom in US Oil Production

The Unexpected Boom in US Oil Production

Jan 23, 2013 at 16:34 | Robert Rapier

A few years ago, I made the observation that the best thing that could happen to mitigate against some of the potentially severe consequences of peak oil was for oil…

EU Fears a US Shale Oil Boom could Make Competition Impossible

EU Fears a US Shale Oil Boom could Make Competition Impossible

Jan 23, 2013 at 16:29 | Environmental News Network

A US industrial boost following its ability to tap abundant shale gas reserves is provoking fears that imperilled energy-intensive European businesses will find it harder than ever to compete.

The Coming Oil War in Iraq: Part II

The Coming Oil War in Iraq: Part II

Jan 22, 2013 at 16:50 | Daniel J. Graeber

The Turkish energy minister confirmed that oil was flowing again through the Kirkuk-Ceyhan pipeline from northern Iraq following an attack on the transit network. The separatist Kurdistan Workers' Party has…


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