• 3 minutes Electric cars may make driving too expensive for middle classes, warns Vauxhall chief
  • 6 minutes Natural gas mobility for heavy duty trucks
  • 12 minutes Colonial pipeline hack
  • 17 hours U.S. Presidential Elections Status - Electoral Votes
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 hours Texas Power Outage Danger Until June 18th. Texans told to conserve energy!
  • 4 hours Succession Planning in Human Resources for Vaccinated Individuals in the Oil & Gas Industry
  • 1 day Federal Judge Says Biden Probably Wrong for Halting Drilling on Federal Land
  • 2 days And now, hybrid electric locomotives...
Energy Transition Fad Will Send Oil Sky High

Energy Transition Fad Will Send Oil Sky High

Ironically, the wave of ESG…

Solving Nigeria’s Gasoline Crisis

Solving Nigeria’s Gasoline Crisis

Despite its relatively large oil…

Energy / Oil Prices

Happy 50th Anniversary Year OPEC

Mar 18, 2010 at 16:04 | Ferdinand E. Banks

On September 14, 1960 OPEC began operations as an ad-hoc talk-shop of sorts, and five years later became a permanent part of Vienna’s international bureaucracy.  I have decided to send…

Crude Prices Stagnate Amid Doubts About Global Demand

Mar 12, 2010 at 23:40 | Darrell Delamaide

Oil Market Summary 03/08/2010 to 03/12/2010. Crude oil prices tread water for the week as uncertainty about demand continued to weigh on the market. Prices were down slightly on the…

There Will be No Economic Recovery as the Era of Cheap Oil Comes to an End

Mar 09, 2010 at 02:09 | Business Insider

a href="http://www.businessinsider.com"> When oil crossed $120 a barrel for the first time in May 2008, oil cornucopians knew they were in trouble. Prices had quadrupled in just five years, yet…

Iraq Awards Drilling Contract as it Reaches for Ambitious Oil Production Target

Mar 02, 2010 at 13:47 | Darrell Delamaide

Iraq announced a $318 million contract with a unit of Turkish Petroleum to drill 45 wells in the supergiant Rumaila oilfield as the country strives to regain and even surpass…

One Night Stand Pricing

Feb 25, 2010 at 02:32 | Dave Forest

What's more important: upside or stability? That debate constantly rages amongst commodities producers. Especially when it comes to deciding whether to sell gold, copper or oil at spot versus long-term…

Oil Prices Rise Amid Mixed Economic Data as Euro Concerns Ebb

Feb 20, 2010 at 16:50 | Darrell Delamaide

Oil Market Summary for 02/16/2010 to 02/20/2010. An easing of the crisis in Europe gave energy markets a firm tone last week that enabled crude oil futures to gain nearly…

More About Oil (Part 2): OPEC'S STRATEGY

Feb 15, 2010 at 13:25 | Ferdinand E. Banks

The IEA has apparently calculated that OPEC earned 575 billion (U.S.) dollars in oil export revenues in 2009, a relatively depressed year, and might earn more than 700 billion this…

More About Oil (Part 1): A Preview of The New Decade

Feb 15, 2010 at 13:22 | Ferdinand E. Banks

In 20 years I predict energy wars over oil and  gas resources. By the time it becomes politically profitable to react to problems  in the transport energy sector, it will…

China's Monetary Moves Undercut Crude Oil Rally

Feb 12, 2010 at 21:24 | Darrell Delamaide

Oil Market Summary for 02/08/2010 – 02/12/2010. Crude oil prices took a dive on Friday after a week of gains from U.S. blizzards were undercut by another move in China…

Endless Oil: Prices NOT Peaks are the Issue

Feb 08, 2010 at 15:13 | Ferdinand E. Banks

”Endless Oil” is the title of a piece in Business Week (Jan, 18, 2010). Its author is Stanley Reed, and it was interesting for me because I remember when Business…

Are Official Estimates of Oil Reserves Correct? What Does this Mean for Oil Prices

Jan 28, 2010 at 21:51 | Editorial Dept

Over the next year or two, you will likely find yourself paying a LOT more at the gas pump. Big changes are taking place in the oil industry . With…

A Look at the Exploration Business and Mining Economics

Jan 18, 2010 at 17:12 | Dave Forest

We spend a lot of money looking for mines. Drilling, trenching, sampling, assaying, metallurgical testing, running geophysical surveys, taking soil geochemistry samples. All of these things are necessary to locate…

Oil Prices Fall as Winter Premium Melts Away

Jan 16, 2010 at 15:28 | Darrell Delamaide

Oil Market roundup: 11/01/2010 to 15/01/2010. Crude oil futures fell for five straight sessions as warmer weather in the U.S. dispelled forecasts of unusually low temperatures and allowed concerns about…

A Disobliging Update on the Price of Oil

Jan 09, 2010 at 16:21 | Ferdinand E. Banks

There still seems to be a deplorable uncertainty about the future price of the most important commodity in the world. A few months ago Philip Verleger – now apparently guest…

What Happens When the Wells Run Dry?

Jan 08, 2010 at 16:55 | Claude Salhani

One nagging question that the industrial world has been asking itself since the discovery of the first oil well is what happens when the wells begin to run dry. The…

Petro Unfriendly California Changing it's Stance on Oil

Dec 30, 2009 at 14:18 | Dave Forest

The financial crisis changed the way people think. At least some people. In North America, the bursting of the housing bubble dispelled the myth you could get rich simply by…

New Techniques Oil Companies are Using in Drilling for Oil

Nov 25, 2009 at 16:35 | Editorial Dept

As the politics and philosophical arguments about “Peak Oil” continue to rage, science continues to move steadily onward, progressively creating new and better ways to both find and extract oil…

Biofuel of the Future - Turning our Garbage into Energy

Nov 23, 2009 at 14:06 | Editorial Dept

Two overwhelming environmental calamities, simultaneously banging at the door of our consciousness, may very well be more closely related than you might originally think. Calamity #1: We appear to be…

Do Oil prices Really have an Impact on Financial Markets? Yes and No

Nov 10, 2009 at 22:58 | Editorial Dept

Stock market commentators like to draw parallels between the behavior of oil prices and stock prices on any given day. After all, who hasn’t seen a headline like this: “Oil…

The Oil Industry And Its Effect On Global Politics

Oct 22, 2009 at 23:20 | Editorial Dept

Over the past century, modern society has developed a near unquenchable thirst for oil and after 100 years of searching and experimenting there is still no reliable replacement. “Oil is…

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