Despite a decline in net…
Several countries worldwide have achieved…
A continuously fading war risk…
Quick note: Before we get started on this weeks report I wanted to briefly mention that today’s Oilprice Premium is a MUST READ for all our visitors. Dan…
British Prime Minister David Cameron said he suspected the recent extreme winter weather may be a result of climate change, something the World Meteorological Organization said last year was tied…
While environmental regulations and cheap natural gas have worked together to kill off coal in the United States, coal is not dead yet. The rapidly unfolding shale gas revolution brought…
A Canadian train carrying five cars of crude oil and four cars of liquefied petroleum gas derailed and caught on fire yesterday in New Brunswick province, prompting the evacuation of…
Among the big energy stories of 2013, “peak oil” -- the once-popular notion that worldwide oil production would soon reach a maximum level and begin an irreversible decline -- was…
Why is a finite world a problem? I can think of many answers:1. A finite world is a problem because we and all of the other creatures living…
As Americans enjoyed the cheapest average gas prices last year since 2010, the prognosis is that prices at the pump will decrease further or remain flat for 2014 and beyond.…
For today, my friends, we are going to talk about the crazy cat that is the Marcellus Shale, via ten different considerations. So let’s get this show on the road,…
In the past two decades since the collapse of the USSR Kazakhstan has become a major oil producer. In 2013 Kazakhstan’s oil production surged to roughly 1.64 million barrels per…
Mark Twain once said, "It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so." And, there are many, many…
As the polar vortex shoots bone-chilling cold air southward into the United States, millions of people are cranking up the heat, and in New England, which has a shortage of…
Brazil has been touted as Latin America’s budding oil powerhouse, with the International Energy Agency predicting that the country will account for one-third of global supply growth by 2035…
Lukoil’s Bulgarian subsidiary has secured a $570 million line of credit to finance the modernization of the Black Sea Burgas refinery and add a hydrocracking unit to boost refining output.
For the past two millennia, “Saharina” has been a byword for desertification.Now, thanks to an innovative project, The “Sahara Forest Project,” the world’s biggest largest desertification region may…
Amid fears that regulators may move to tighten safety rules for crude oil shipments from North Dakota after the fiery derailment last week of an oil train, Warren Buffett’s Berkshire…
Norway’s Statoil has announced two oil and gas discoveries in the Norwegian part of the North Sea, highlighting the potential for more discoveries in an area already thought to be…
Lawmakers and U.S. regulators began asking questions about the safety of transporting oil on the nation's rail system following a December derailment in North Dakota. The emerging anxiety about midstream…
On 31 December Panamanians celebrated 14 years of their national sovereignty over the Panama Canal, after the 1999 implementation of a historic 1977 agreement signed between President Jimmy Carter and…
A wave of violence has swept parts of Iraq at the start of 2014 as the central government fights back against Al-Qaeda aligned militants in Anbar Province. The Islamic…
Crude oil has started flowing from Kurdistan to Turkey, but it’s stuck in the purgatory of Turkey’s Ceyhan export hub and will not be exported any further until Turkey reaches…