• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 16 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 3 hours Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 11 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 17 hours Solar Industry Lays Claim To The 2020s; Kicks Off The Solar+ Decade
  • 16 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 6 hours California Threatens Ban on ICE Cars
  • 14 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 1 day DUG Rockies: Plenty Of Promise, Despite The Politics
  • 1 day Dear journalists: say "climate crisis" not "climate change"
  • 6 days How can Trump 'own' a trade war?
  • 24 hours Iran v USA the perfect fire triangle
  • 21 hours U.S. and Turkey
  • 1 day Oil Price Editorial: Beware Of Saudi Oil Tanker Sabotage Stories

Energy / Crude Oil

Nigeria Boasts Oil Production Cost of $23 Per Barrel

Nigeria Boasts Oil Production Cost of $23 Per Barrel

Apr 08, 2019 at 09:31 | Irina Slav

The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil…

Platts Survey: OPEC Oil Production Down To More Than 4-Year Low

Platts Survey: OPEC Oil Production Down To More Than 4-Year Low

Apr 05, 2019 at 16:19 | Tsvetana Paraskova

Over-delivering Saudi Arabia and blackouts in Venezuela helped push OPEC’s crude oil production down by 570,000 bpd from February to 30.23 million bpd in March—the lowest production from the cartel…

Saudi Arabia Threatens To Drop Dollar For Oil Trades

Saudi Arabia Threatens To Drop Dollar For Oil Trades

Apr 05, 2019 at 10:15 | Irina Slav

Saudi Arabia has threatened the United States to stop using dollars for its oil trades in an attempt to discourage legislators from passing a bill dubbed NOPEC aimed at holding…

Russia Seeks New Arctic Oil Frontier

Russia Seeks New Arctic Oil Frontier

Apr 04, 2019 at 17:08 | Tsvetana Paraskova

Rosneft, Russia’s state-controlled oil company and the largest oil producer in the country, plans to develop an Arctic cluster of oil fields over the next five years. These plans by…

Why Oil Markets Need New OPEC+ Cuts

Why Oil Markets Need New OPEC+ Cuts

Apr 04, 2019 at 10:15 | Rystad Energy

As oil prices approach $70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be…

Canadian Wildcatters Win Big On Alberta’s Oil Cuts

Canadian Wildcatters Win Big On Alberta’s Oil Cuts

Apr 03, 2019 at 16:57 | Irina Slav

The last year or so has not been kind to Canadian oil producers. Output has been rising as international prices stabilized at higher levels, but pipeline capacity has not changed,…

Oil Falls On Large Crude Inventory Build

Oil Falls On Large Crude Inventory Build

Apr 03, 2019 at 09:46 | Irina Slav

Crude oil prices fell today after the Energy Information Administration reported an inventory increase of 7.2 million barrels for the week to March 29. This compared with a 2.8-million-barrel…

Aramco’s Mythical Ghawar Field Could Be Its Weak Spot

Aramco’s Mythical Ghawar Field Could Be Its Weak Spot

Apr 02, 2019 at 16:47 | Nick Cunningham

Some of the most secretive, highly-anticipated details about the Saudi oil industry have just been released. Saudi Aramco is preparing to launch a major bond issuance to purchase the Saudi…

China Can’t Get Enough Of Brazilian Crude

China Can’t Get Enough Of Brazilian Crude

Apr 02, 2019 at 12:40 | Haley Zaremba

As the United States leans into sanctions against Venezuelan oil and the administration of contested president Nicolas Maduro, longtime PDVSA buyers have had to look to other Latin American countries…

Alberta Oil Inventories Rise Despite Production Cuts

Alberta Oil Inventories Rise Despite Production Cuts

Apr 02, 2019 at 11:14 | Irina Slav

Crude oil inventories in Canada’s oil province Alberta rose in February despite a government-imposed production cut aimed at propping up the price of Canadian crude and reducing excess supply in…

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