• 25 mins Bidding Action Heats Up In UK’s Continental Shelf
  • 5 hours Keystone Pipeline Restart Still Unknown
  • 9 hours UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 11 hours Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 13 hours Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 15 hours German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 16 hours Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 18 hours Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 1 day Oil Prices Rise After API Reports Major Crude Draw
  • 2 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 2 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 2 days Statoil Looks To Lighter Oil To Boost Profitability
  • 2 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 2 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 2 days Whitefish Energy Suspends Work In Puerto Rico
  • 2 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 2 days Thanksgiving Gas Prices At 3-Year High
  • 2 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 2 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 3 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 3 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 3 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 3 days ConocoPhillips Sets Price Ceiling For New Projects
  • 5 days Shell Oil Trading Head Steps Down After 29 Years
  • 5 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 5 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 6 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 6 days Venezuela Officially In Default
  • 6 days Iran Prepares To Export LNG To Boost Trade Relations
  • 6 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 6 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 6 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 6 days Rosneft Announces Completion Of World’s Longest Well
  • 7 days Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 7 days Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 7 days Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 7 days Santos Admits It Rejected $7.2B Takeover Bid
  • 7 days U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 7 days Africa’s Richest Woman Fired From Sonangol
  • 7 days Oil And Gas M&A Deal Appetite Highest Since 2013

Energy / Oil Prices

Clashes In Kurdistan Send Oil Prices Higher

Clashes In Kurdistan Send Oil Prices Higher

Oct 16, 2017 at 09:26 | Irina Slav

Reports of clashes between Iraqi troops and Kurdish armed forces near Kirkuk yesterday sent WTI and Brent higher in Asian trade today. The latest reports coming in say…

Mass EV Adoption Could Lead To $10 Oil

Mass EV Adoption Could Lead To $10 Oil

Oct 13, 2017 at 10:59 | Tsvetana Paraskova

The adoption of electric vehicles (EVs) could lead to global peak oil demand as soon as 2023, which will result in oil prices crashing to $10, Chris Watling, CEO &…

IEA: Oil Prices To Hit A Ceiling In 2018

IEA: Oil Prices To Hit A Ceiling In 2018

Oct 12, 2017 at 16:56 | Nick Cunningham

The global oil market continues to make progress, but the ongoing production gains from non-OPEC countries will probably act as a “the ceiling for aspirations of higher oil prices” in…

Goldman Sachs: Inventory Drawdowns Will Not Continue

Goldman Sachs: Inventory Drawdowns Will Not Continue

Oct 12, 2017 at 16:24 | Nick Cunningham

The September oil price rally was predicated on improving oil market fundamentals, bolstering confidence that the rebalancing process was accelerating. But the inventory declines reported in the third quarter might…

Oil Prices Poised To Rise In Early 2018

Oil Prices Poised To Rise In Early 2018

Oct 11, 2017 at 17:52 | Arthur Berman

Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product…

OPEC To Take Drastic Action Despite Shale Slowdown

OPEC To Take Drastic Action Despite Shale Slowdown

Oct 10, 2017 at 16:54 | Nick Cunningham

WTI recently dipped below $50 per barrel for the first time in a month, erasing the strong September rally. It’s no coincidence that after two weeks of price declines, OPEC…

World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018

World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018

Oct 10, 2017 at 15:13 | Julianne Geiger

The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol. US oil production…

Oil Stable After OPEC Chief Suggests ‘’Extraordinary Measures’’

Oil Stable After OPEC Chief Suggests ‘’Extraordinary Measures’’

Oct 09, 2017 at 10:41 | Irina Slav

Brent crude and West Texas Intermediate started the week with gains after yesterday OPEC’s Secretary General, Mohammed Barkindo, said the cartel may have to take some “extraordinary measures” to…

Tax Breaks Make $50 Oil Profitable In The U.S.

Tax Breaks Make $50 Oil Profitable In The U.S.

Oct 05, 2017 at 16:36 | Tsvetana Paraskova

While the U.S. administration is pushing for a tax code overhaul and supports American “energy dominance”, an environmental group suggests in a new study that at the current oil prices…

Oil Prices May Hit $60 By End Of 2017

Oil Prices May Hit $60 By End Of 2017

Oct 05, 2017 at 12:25 | Kent Moors

As it turned out, my predictions of where prices would end up by the end of September were spot on. And now, we’re entering a period of rather narrow trading…

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