• 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
  • 6 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 18 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

Goldman: OPEC Needs To Do More To Restrain Shale Oil

May 26, 2017 at 14:48 | Irina Slav

Goldman Sachs analysts have warned that OPEC’s job is not over with the announcement of an extension to its November agreement. Now the group needs to convince markets…

Naive Hedge Funds Bet Too Big On An OPEC Cut

May 26, 2017 at 13:45 | Tom Kool

It seems that hedge funds and money managers had built up too big a bullish position before the OPEC deal, send oil prices down when the 9-month extension was announced.

Unstoppable: U.S. Adds Oil, Gas Rigs As OPEC Extends Deal

May 26, 2017 at 12:22 | Julianne Geiger

The number of active oil and gas rigs in the United States rose for the nineteenth straight week, Baker Hughes reported on Friday by 7, signaling that the US…

Trump Aims To Scrap Gulf Coast Oil Royalties

May 25, 2017 at 15:41 | Tsvetana Paraskova

In a bid to increase federal income, President Trump’s FY2018 budget plan proposes to stop sharing revenue payments from Gulf Coast offshore oil and gas to Texas, Louisiana, Alabama, and…

UAE Gains Edge In $165 Billion Caspian Oil & Gas Market

May 25, 2017 at 14:42 | Zainab Calcuttawala

The United Arab Emirates has spearheaded the Gulf Cooperation Council (GCC) initiative to increase its presence in the Caspian Sea nations—Kazakhstan, Azerbaijan and Turkmenistan - all petrostates still suffering from…

Unveiled: Venezuela, Syria’s Secret Scheme To Bypass Oil Sanctions

May 25, 2017 at 10:45 | Irina Slav

A Bloomberg investigation has uncovered a plan by Venezuela and Syria to circumvent Western sanctions on the Middle Eastern nation and ship its crude oil to Aruba to refine it…

Oil Prices Slip On OPEC Deal Disappointment

May 25, 2017 at 09:37 | Matt Smith

As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it…

Will This Miracle Material End All Energy Storage Problems?

May 24, 2017 at 15:36 | Tsvetana Paraskova

It’s the thinnest material known to man—1 million times thinner than a human hair. It’s the world’s first 2D material, and it’s ultra light and transparent. It’s 200 times stronger…

Does The U.S. Still Need A Strategic Petroleum Reserve?

May 24, 2017 at 13:28 | Nick Cunningham

President Donald Trump released his official budget proposal this week, a plan that includes the sale of a significant chunk of the U.S. Strategic Petroleum Reserve. The blueprint proposes beginning…

Plasma Jet Engines: Is Flying At 20Km Per Second Possible?

May 24, 2017 at 13:27 | Irina Slav

Those who watched The Space Between Us would surely have a fresh memory of the plane that Gary Oldman’s character flew from the ground into space. The plane probably used…

Is China’s Oil Demand Growth About To Plummet?

May 24, 2017 at 13:26 | ZeroHedge

When OPEC sits down on Thursday, keeping the price of Brent above $50 (to avoid a budget catastrophe and social upheaval in Saudi Arabia) and below $60 (to prevent US…

Private Equity Employs Unusual New Strategy In Oil & Gas

May 24, 2017 at 10:35 | Dave Forest

I’ve written a lot recently about the surge in private equity for natural resources. With PE firms in the energy space being particularly dominant — holding an estimated $156…

Saudi Arabia Signs $50 Billion Worth Of Oil Deals With The U.S.

May 23, 2017 at 13:23 | Tsvetana Paraskova

U.S. companies signed billions of dollars worth of deals with Saudi Arabia’s oil and gas industry during President Donald Trump’s visit to the Kingdom over the weekend, boosting bilateral business…

OPEC Deal: 9-Month Extension Looking Increasingly Likely

May 23, 2017 at 12:57 | Tom Kool

Markets are reacting favorably as OPEC hints at a 9-month extension of its production cut deal with the May 25 meeting just around the corner.

OPEC Optimism Lifts Oil Prices To One-Month High

May 23, 2017 at 11:28 | Matt Smith

Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that…

Kuwait: Deeper Cuts Are On The Table

May 23, 2017 at 11:01 | Tsvetana Paraskova

OPEC is committed to restore the balance of the oil market and is not ruling out any option for discussion at the upcoming meeting on Thursday, including considering deeper cuts,…

Saudi vs Shale: The Breakeven Myth

May 22, 2017 at 14:00 | Irina Slav

Saudi Arabia is well known for its super low production costs for oil. In fact, its oil is almost the cheapest to extract. Only Kuwait sports even lower costs, according…

This Could Be Oil’s Last Trip Into The $40’s

May 19, 2017 at 16:50 | Dan Dicker

No need to bury the lede in this week’s column: OPEC will extend production guidelines in next week’s meeting in Vienna, and extend them even more than originally planned. The…

Saudis May Enter The Shale Game

May 19, 2017 at 16:40 | Oil & Gas 360

Flooding the market has quickly emptied the kingdom’s checkbook In case you missed the past three years, on Thanksgiving Day 2014, OPEC announced it would not cut oil production in…

Guyana Oil: From Rags To Riches

May 19, 2017 at 16:35 | Drilling Info

The Search For El Dorado The first time I landed in Georgetown, Guyana, nearly a decade ago, the impoverished former British colony was grappling with limited economic fortunes. Covered by…

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