• 3 minutes War for Taiwan?
  • 7 minutes How China Is Racing To Expand Its Global Energy Influence
  • 10 minutes Is it time to talk about Hydrogen?
  • 2 hours U.S. Presidential Elections Status - Electoral Votes
  • 8 hours Mail IN Ballot Fraud
  • 3 hours “Cushing Oil Inventories Are Soaring Again” By Tsvetana Paraskova
  • 2 days Michael Moore Cranking Up Planet of the Humans Again
  • 20 hours Censorship in USA
  • 3 hours “Consumers Will Pay For Carbon Pricing Costs” by Irina Slav
Something Highly Unusual Just Happened To Chinese Crude Stockpiles

Something Highly Unusual Just Happened To Chinese Crude Stockpiles

China’s refiners likely drew 200,000…

Iraq's Latest Attempt To Corner Asian Oil Markets

Iraq's Latest Attempt To Corner Asian Oil Markets

Iraq's attempt to seize market…

Energy / Crude Oil

Saudi Oil Giant Aramco Dismisses ''Speculation'' About Peak Demand

Oct 08, 2020 at 11:41 | Tsvetana Paraskova

Saudi Arabia’s state oil giant Aramco doesn’t fear peak oil demand as it doubles down on boosting oil production in the long term to beat its competitors, many of which…

OPEC: Oil Demand Will Grow Until Late 2030s

Oct 08, 2020 at 09:54 | Tsvetana Paraskova

OPEC expects global oil demand will exceed the pre-pandemic levels in 2022 and grow steadily until the late 2030s, when it will begin to plateau, the cartel said on…

Why Exxon Is Still Going Big On Oil

Oct 07, 2020 at 10:18 | Alex Kimani

For many years, Big Oil has been chided for its outsized role in climate change and even pilloried for trying to burnish its green credentials with half-hearted attempts…

Oil Prices Regain Some Losses On Bullish EIA Inventory Data

Oct 07, 2020 at 09:48 | Irina Slav

Crude oil prices moved higher after the Energy Information Administration reported a crude oil inventory build of 500,000 barrels for the week to October 2. A larger decline in…

Gulf Of Mexico Oil Drillers Prepare For Storm Delta

Oct 06, 2020 at 09:01 | Irina Slav

Oil producers in the Gulf of Mexico have started evacuating platform staff ahead of storm Delta that is forecast to reach the Gulf as a Category 3 hurricane before it…

The Pandemic Will Not Crush Guyana’s Oil Boom

Oct 05, 2020 at 15:50 | Matthew Smith

There are growing fears that the COVID-19 pandemic will sharply impact deeply impoverished Guyana’s economy and fiscally vital oil boom. Newly

Oil Majors Hit Hard By Canada's Energy Stock Selloff

Oct 05, 2020 at 13:03 | Tsvetana Paraskova

Canada’s oil industry is suffering the consequences of the global oil demand and price crash, just like every company in the sector anywhere in the world.  

China’s Oil Imports Slowly Return To Normal Levels

Oct 05, 2020 at 10:08 | Tsvetana Paraskova

China’s crude oil imports averaged 11.52 million barrels per day (bpd) in September, up by 3.1 percent from August, but slowly returning to historical levels and starting to ease the…

Venezuela’s Crude Oil Industry May Never Recover

Oct 02, 2020 at 17:14 | Matthew Smith

Despite President Maduro’s claims of a looming recovery for Venezuela’s economically crucial oil industry in early 2020 production keeps declining. Even measures aimed at revitalizing the industry and…

U.S. Oil Rig Count Rises As WTI Prices Slide

Oct 02, 2020 at 12:27 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 6 to 189—a gain that may push prices down further. The total number…

Norway’s Oil Worker Strike Could Take 330,000 Boepd Off The Market

Oct 02, 2020 at 11:41 | Tsvetana Paraskova

Around 330,000 barrels of oil equivalent per day (boepd), or 8 percent of Norway’s oil and gas production, would be affected after a Norwegian workers’ union steps up a strike…

Oil Prices Slide As OPEC Opens The Valves

Oct 01, 2020 at 10:32 | Julianne Geiger

Oil prices took another dive on Thursday, with the price of WTI falling more than 6% by late morning as OPEC’s production increased in September over August. Spot prices for…

OPEC+ Boosts Crude Oil Exports In September

Oct 01, 2020 at 09:58 | Tsvetana Paraskova

The OPEC+ group raised their total seaborne exports in September to 22.84 million barrels per day (bpd) from 22.11 million bpd in August, but the alliance stayed within its agreed…

Exxon Moves Ahead With Major Guyana Oil Field

Oct 01, 2020 at 09:11 | Irina Slav

Exxon has made the final investment decision on the Payara offshore field in Guyana, the company said this week, adding that it expected Payara to yield up to 220,000…

U.S. Onshore Oil Production To Fall Amid Slowdown In Drilling

Sep 30, 2020 at 10:20 | Rystad Energy

Oil production from the US lower 48 states, excluding the Gulf of Mexico, peaked at 9.2 million barrels per day in August following back-to-back increases since June. This…

The Unintended Consequences Of Fossil Fuel Divestment

Sep 25, 2020 at 16:30 | Cyril Widdershoven

The stability of the global oil market is under threat. The impact of COVID-19 and the resultant demand destruction has put an ever-increasing amount of oil and gas…

Mexico’s Crude Oil Future Is In Jeopardy

Sep 25, 2020 at 16:24 | Viktor Katona

The attentive reader might have come across numerous articles about Mexico’s numerous discoveries in the past months. Heavily indebted, mired in a myriad of corruption cases and facing…

Can Algeria Keep Its Oil Exports From Falling Further?

Sep 25, 2020 at 16:23 | Viktor Katona

Algeria has struggled to keep up with its manifold challenges throughout this year – still trying to clear the rubble of the Bouteflika regime, it continuously needs to…

Biden Fracking Ban Could Cripple New Mexico’s Oil Industry

Sep 25, 2020 at 09:57 | Tsvetana Paraskova

Oil workers in New Mexico fear they will lose their jobs and oil companies are rushing to secure drilling permits on federal lands…

Is Iraq Turning Its Back On The OPEC Deal?

Sep 25, 2020 at 09:06 | Michael Kern

Iraq appears to be offering higher than the usual amount of spot cargoes on the market for October, oil trade sources in Asia and Europe told

Oilprice - The No. 1 Source for Oil & Energy News