• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 13 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy / Energy-General

U.S. Oil Companies Face $240 Billion Debt Mountain

Oct 10, 2018 at 10:45 | Irina Slav

U.S. oil producers are facing debt of US$240 billion maturing until 2023, of which some 15 percent will be rated with the lowest rating of Caa, Moody’s said in a…

Oil Prices Rise On Iran, Hurricane Outages

Oct 09, 2018 at 13:28 | Tom Kool

Oil prices recovered on Tuesday morning, with WTI breaking the $75 mark and Brent climbing above $85 per barrel.  (Click to enlarge)

This Merger Creates A New Oilfield Services Giant

Oct 09, 2018 at 11:06 | Rystad Energy

Two of the leading offshore drilling contractors have agreed to merge creating an industry-leading drilling contractor capable of working across all water depths with a truly global footprint.

Gulf Of Mexico Producers Brace For Hurricane Michael

Oct 09, 2018 at 10:17 | Irina Slav

Oil and gas field operators in the Gulf of Mexico began to evacuate platform staff and shut in production ahead of Hurricane Michael, which is expected to make landfall in…

Goldman: The Oil Market Can Handle Iran Outages

Oct 08, 2018 at 17:04 | Nick Cunningham

Oil prices cooled off in recent days as fears of an acute shortage of supply stemming from sanctions on Iran started to subside. At least two companies in India have…

The Next Pillar Of Oil Demand Growth

Oct 05, 2018 at 17:10 | Nick Cunningham

The debate about peak oil demand always tends to focus on how quickly electric vehicles will replace the internal-combustion engine, especially as EV sales are accelerating. However, the petrochemical sector…

Oil Price Rally Boosts Electric Car Sales

Oct 05, 2018 at 17:09 | Tsvetana Paraskova

Tesla’s competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids.   All…

US Demands For More Oil Could Backfire

Oct 05, 2018 at 17:09 | Irina Slav

This week the State Department accused OPEC of hiding spare capacity exceeding 1.4 million barrels daily. It urged the cartel to use it to stop the oil price rally…

One State Stands Up As Emissions Mandates Go Up In Smoke

Oct 05, 2018 at 17:09 | Tim Daiss

On Thursday, the state of California ramped up its challenge to new federal emissions standards pushed by the Trump Administration. A state official said that California is considering a formal…

Back To $100 Oil? Traders Aren’t So Sure

Oct 05, 2018 at 17:07 | Editorial Dept

It was a lazy summer for oil markets. From May through early August Brent crude oil prices fell from $80 to $70 as economic growth concerns overruled fears that the…

Global Intelligence Report - 5th October 2018

Oct 05, 2018 at 17:03 | Editorial Dept

Filling in for Iran, Keeping a leash on MbS, Musk as a persona non-grata in Riyadh, Libya’s impossible elections … and more The billion-dollar question for the month is definitely…

Is Saudi Arabia Showing Signs Of Weakness?

Oct 05, 2018 at 16:54 | Editorial Dept

Saudi Arabia is increasingly portrayed as a wayward actor intent on destabilizing everything it can get its hands on, uncomfortable about raising oil production despite U.S. warnings that the Saudi…

The Oil Rally Isn’t Over

Oct 05, 2018 at 16:52 | Editorial Dept

This last week in crude trading brought more of the same kinds of trending factors that we’ve been seeing over the last several months – and several of the key…

Iran Sanctions Overwhelm Oil Markets

Oct 05, 2018 at 16:51 | Editorial Dept

In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we…

EIA Report Threatens Oil Price Rally

Oct 05, 2018 at 13:49 | Tom Kool

The oil price rally saw a correction on Thursday before stabilizing on Friday morning, and refinery maintenance season may soon add more…

Rig Count Inches Lower As Oil Prices Stabilize

Oct 05, 2018 at 12:17 | Julianne Geiger

Baker Hughes reported a dip of two in the oil and gas rig count in the United States this week, bringing the total number of active oil and gas rigs…

Venezuela Has Officially Launched Its Oil-Backed Cryptocurrency

Oct 04, 2018 at 11:55 | Tsvetana Paraskova

Venezuela has officially launched what its President Nicolas Maduro claims is a first state-backed oil-backed cryptocurrency, El Petro, which analysts and experts see as nothing but a scam and…

Permian Producers Have A Power Problem

Oct 03, 2018 at 09:12 | Tsvetana Paraskova

Drillers in the fastest-growing oil region in the United States face infrastructure issues beyond limited pipeline takeaway capacity or water and frac sand supply. Permian oil producers need a lot…

Should The U.S. Oil Industry Fear The Midterms?

Oct 02, 2018 at 16:38 | Nick Cunningham

The U.S. midterm elections are only a few weeks away and a lot is at stake for the energy industry. It isn’t just the fate of the U.S. Congress that…

What Drove Brent Above $85?

Oct 02, 2018 at 13:12 | Tom Kool

Oil jumped on Tuesday morning after a busy geopolitical weekend was compounded by a flood of bullish news on Monday afternoon.  (Click to enlarge)…

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