• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 8 hours Oil prices going Up? NO!
  • 9 hours Renewables to generate 50% of worldwide electricity by 2050 (BNEF report)
  • 9 hours Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 14 hours Oil prices going down
  • 2 days Gazprom Exports to EU Hit Record
  • 17 hours Could oil demand collapse rapidly? Yup, sure could.
  • 2 days Oil Buyers Club
  • 2 days Could Venezuela become a net oil importer?
  • 8 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 14 hours Saudi Arabia turns to solar
  • 1 hour Kenya Eyes 200+ Oil Wells
  • 1 hour Are Electric Vehicles Really Better For The Environment?
  • 16 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 1 day Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 16 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 7 hours OPEC soap opera daily update
OPEC’s Agreement Sends Oil Prices Soaring

OPEC’s Agreement Sends Oil Prices Soaring

Oil prices spiked on Friday…

Venezuela’s Oil Meltdown Defies Belief

Venezuela’s Oil Meltdown Defies Belief

As Venezuela’s oil production continues…

Energy / Oil Prices

Are High Oil Prices Due to Fundamentals or Speculation (Part 1)

Are High Oil Prices Due to Fundamentals or Speculation (Part 1)

Apr 12, 2011 at 08:15 | Stuart Burns

The oil price has been relentlessly rising, widely seen as being driven by a mix of fundamentals such as Asian demand exceeding supply, and fear of supply disruption caused in…

Detailed Commentary on the Current Price of Oil

Detailed Commentary on the Current Price of Oil

Apr 09, 2011 at 08:17 | Professor Chris Rhodes

Political tensions in the Middle East once again remind us of the fragile dependency of the Western nations on imported petroleum, which have driven the price of a barrel of…

Are Corn Prices Indicating that $140 Brent Crude is on the Way?

Are Corn Prices Indicating that $140 Brent Crude is on the Way?

Apr 08, 2011 at 10:17 | Bruce Krasting

Good article on corn this morning by Smart Money Europe (Zero Hedge link). The bottom line is that corn is sitting at a two year high. Reading SME you…

WTI April Rollover Cycle to Test Oil Speculators

WTI April Rollover Cycle to Test Oil Speculators

Apr 07, 2011 at 06:53 | Dian L. Chu

The United States Oil Fund (USO), and exchange traded fund (ETF) tracking the performance of WTI (West Texas Intermediate) crude oil futures contract, starts its 4-day position rolling on Tuesday,…

USA to Sue OPEC Members over High Oil Prices

USA to Sue OPEC Members over High Oil Prices

Apr 06, 2011 at 20:49 | Bruce Krasting

High grade crude for gulf delivery hit the highest price since the spring of 2008 this morning. This is the raw material for gasoline, so look for another big spike…

High Oil Prices Leading to More Energy Options

High Oil Prices Leading to More Energy Options

Apr 04, 2011 at 01:35 | Al Fin

For the US, the huge and growing alternative to crude oil is Canada's oil sands. New mines and refineries are being installed in Canada, and new pipelines are being built…

Cushing Storage Maxed Out: U.S. Crude Oil To Hit $90 in a Month

Cushing Storage Maxed Out: U.S. Crude Oil To Hit $90 in a Month

Apr 01, 2011 at 04:44 | Dian L. Chu

Crude oil prices have been seesawing between the news coming out of Libya and rising inventories in the U.S.  Crude oil stocks at Cushing, Oklahoma rose to a record 41.9…

Oil Price Shocks and Monetary Policy

Oil Price Shocks and Monetary Policy

Mar 28, 2011 at 03:24 | Ed Dolan

Inflation rates are rising in the world's major economies. The consumer price index rose by half a percent in the United States in February, equivalent to an annual rate of…

A Look at the Connection Between Oil Price Shocks and Recessions

A Look at the Connection Between Oil Price Shocks and Recessions

Mar 21, 2011 at 10:15 | Gail Tverberg

I want to bring to the attention of readers a recent paper by James Hamilton, called Historical Oil Shocks (also here as a National Bureau of Economic Research…

High Commodity Prices and, in Particular, High Oil Prices are Deflationary

High Commodity Prices and, in Particular, High Oil Prices are Deflationary

Mar 16, 2011 at 09:48 | Kurt Cobb

As the European Central Bank (ECB) prepares to raise interest rates to prevent inflation, the bank cites rising commodity prices, particularly oil prices, as a sign of that inflation. What…

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