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OPEC+ Is Now 3.6 Million Bpd Below Its Oil Production Target

OPEC+ Is Now 3.6 Million Bpd Below Its Oil Production Target

OPEC+ continues to fall significantly…

Maduro: Venezuela Is Ready To Send Its Oil To The World

Maduro: Venezuela Is Ready To Send Its Oil To The World

Venezuela is ready to recommence…

Germany Unveils €200 Billion Package To Cap Soaring Energy Costs

Germany Unveils €200 Billion Package To Cap Soaring Energy Costs

German Chancellor Olaf Scholz announced…

Energy

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…

Where will Natural Gas Prices Go Now That Inventories Have Been Drawn Down

Mar 18, 2010 at 06:02 | Dave Forest

Mother Nature's been good to the North American natural gas sector. Not only did she gift several massive shale gas plays over the last few years. She also…

Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over (Part 2)

Mar 17, 2010 at 15:11 | Dennis Edison

As T. Boone Pickens is touting, we could replace one-third of our dependence on oil within just a few years with natural gas if we would simply embrace the alternative.…

Debunking the Myth of Peak Oil - Why the Age of Cheap Oil is Far From Over (Part 1)

Mar 17, 2010 at 15:06 | Dennis Edison

If I may, I would like to rebut or add a little objectivity to the flood of “Peak Oil” articles circulating around. When I see another crisis looming in the…

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…

DOE Stimulus Grant Throws Spotlight on Growing Need for Energy Storage

Mar 11, 2010 at 13:48 | Darrell Delamaide

A new stimulus grant of $100 million from the U.S. Department of Energy that includes support for grid-scale energy storage projects is the latest sign of the growing need to…

Shell, PetroChina bid for Australian coal gas producer as Asia seeks energy resources

Mar 10, 2010 at 02:08 | Darrell Delamaide

PetroChina joined with Royal Dutch Shell in a bid for Australian coal-seam gas producer Arrow Energy as Asian countries scramble for a stake in the vast energy resources at their…

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…

Chevron to Seek Shale Gas in Poland as Europe Focuses on Unconventional Reserves

Mar 08, 2010 at 22:01 | Darrell Delamaide

Chevron has acquired exploration rights for four shale gas concessions in southeastern Poland, the U.S. oil giant said in a recent SEC filing, joining other international companies in the hunt…

EU Offers $3.1 Billion for Energy Infrastructure Projects, Including Caspian Pipeline

Mar 05, 2010 at 19:17 | Darrell Delamaide

The European Commission added to its economic stimulus program with the largest-ever package of grants to energy infrastructure, including support for the Nabucco pipeline project that will help Europe diversify…

U.S. Governors Seek "Onramp" to Pipeline for Booming Bakken Shale Output

Mar 04, 2010 at 13:41 | Darrell Delamaide

Governors of Montana and North Dakota met with TransCanada Corp. officials this week in an effort to convince the builder of a nearly 2,000-mile pipeline from Alberta to the…

Gazprom Finally Accepts that Shale Gas Has Changed the World

Mar 03, 2010 at 17:46 | Dave Forest

The Russian gas giant this week said it will allow up to 15% of its gas sales to Europe to be sold at spot gas prices on the continent. This…

The Great Divide of Natural Gas

Mar 02, 2010 at 19:50 | Dave Forest

South Korea is coming to northeast British Columbia. It was reported this week that state-run Korea Gas has signed a deal with Canadian gas major EnCana covering three fields in…

Is the Shale Gas Revolution Coming to Europe? Should Russia be Concerned

Mar 02, 2010 at 16:21 | Business Insider

European shale-derived natural gas could become a reality far sooner, and in far larger quantities, than markets expect In a Securities and Exchange disclosure from last…

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…

Energy Efficiency and its Impact on Energy Demand

Feb 28, 2010 at 14:12 | Business Insider

Energy efficiency is one of the themes most discussed by those who are interested in issues regarding energy and the environment. The key question is how effective these proposed solutions…

Growing Environmental Concerns on U.S. Shale Oil and Gas Projects

Feb 26, 2010 at 18:50 | Darrell Delamaide

Texas became the latest state to launch an environmental watchdog for energy development as a nonprofit group set its sights on the Barnett Shale drilling in the Dallas-Fort Worth area.…

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…

Is the North Sea Oil Production Bonanza Approaching Twilight?

Feb 23, 2010 at 21:34 | Business Insider

The UK Department of Trade and Industry (Oil and Gas) and the Norwegian Petroleum Directorate have both published production forecasts showing increased oil production in the years 2007 and 2008.…

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…

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