• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 10 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days They pay YOU to TAKE Natural Gas
  • 16 hours How Far Have We Really Gotten With Alternative Energy
  • 20 hours What fool thought this was a good idea...
  • 4 days Why does this keep coming up? (The Renewable Energy Land Rush Could Threaten Food Security)
  • 10 days The United States produced more crude oil than any nation, at any time.

Energy

The Race Is On For Philippines’ First LNG Terminal

Dec 06, 2018 at 13:41 | Tim Daiss

News coming out of the Philippines is that yet another group of companies is trying to be the first to build a working liquefied natural gas (LNG) receiving terminal in…

Oil Prices Crash As OPEC+ Scrambles At 11th Hour

Dec 06, 2018 at 11:46 | Nick Cunningham

Oil prices crashed early Thursday, as OPEC failed to reveal a solid agreement in Vienna, at least not yet. After hours of meetings, OPEC cancelled its news conference,

Oil Prices Tank Despite Large Crude Draw

Dec 06, 2018 at 10:12 | Irina Slav

As oil markets hold their breath for OPEC+’s announcement of the final production cuts to take place starting next year, the Energy Information Administration served a nice surprise to oil…

Joint OPEC+ Committee Recommends Cuts

Dec 06, 2018 at 08:59 | Irina Slav

The joint ministerial committee of OPEC and non-OPEC ministers that oversaw the production cuts from 2017 and the first half of this year has once again recommended that the cartel…

Is This The Most Crucial Factor For Oil In 2019?

Dec 05, 2018 at 16:10 | Nick Cunningham

The oil market is understandably in a state of suspense this week, eagerly fixated on the events unfolding in Vienna. But regardless of what happens, the market is in for…

Could Iraq Be The Next OPEC Member To Exit?

Dec 05, 2018 at 16:04 | Tim Daiss

Even more cracks may be forming within OPEC, even as market pundits continue to analyze Qatar’s decision two days ago to withdraw from the oil producing cartel. Michael Cohen,…

U.S. Shale Struggles As Oil Prices Drop

Dec 05, 2018 at 14:02 | Nick Cunningham

The explosive production growth in the U.S. shale patch has surprised even the most optimistic forecasters, but the huge jumps in output belies and obscures the financial state of the…

World Bank Warns Of Extreme Volatility In Oil Markets

Dec 05, 2018 at 13:16 | Irina Slav

After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility next year because of…

U.S. Oil Majors To Break “The Contract Of The Century”

Dec 05, 2018 at 12:49 | Tsvetana Paraskova

Since the oil industry started to recover from the 2014 price crash, U.S. supermajors ExxonMobil and Chevron have been re-aligning their global operations with their longer-term priorities, betting more on…

Libya Closes All Oil Ports, Expects To Shut-In 150,000 Bpd

Dec 05, 2018 at 11:11 | Tsvetana Paraskova

Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of 150,000 bpd, or half of the oil production…

The U.S. Pipeline Industry Is Booming

Dec 05, 2018 at 10:48 | Vanand Meliksetian

Every once in a while, a new technological development shakes up a conservative sector. In the oil and gas industry, the shale revolution has changed the business in multiple ways.…

Iran: Don’t Count On A New OPEC Deal

Dec 05, 2018 at 10:31 | Irina Slav

OPEC’s meeting this Thursday in Vienna may not lead to an agreement to start reducing production, Iran’s OPEC governor said, as quoted by S&P Global Platts. Hossein Kazempour Ardebili…

Alberta Production Cuts Send Canadian Crude Soaring

Dec 05, 2018 at 09:08 | Irina Slav

Canadian crude oil shot up by 35 percent on Monday, narrowing the huge gap with West Texas Intermediate thanks to a controversial decision by the Alberta government to impose production…

The Most Likely Outcome Of The OPEC Meeting

Dec 04, 2018 at 17:23 | Nick Cunningham

The OPEC+ meeting is set to kickoff, with a press conference scheduled for Thursday afternoon in Vienna. While there seems to be a vague outline of an agreement in hand,…

Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal

Dec 04, 2018 at 15:39 | Tsvetana Paraskova

A fractured OPEC is meeting later this week to discuss a deal to cut oil production—yet again—to rebalance the market and lift oil prices that have recently slipped to below…

Is This The Next Disaster For Canadian Drillers?

Dec 04, 2018 at 15:15 | Irina Slav

The government of Alberta this week took an unprecedented decision to enforce a crude oil production cut so excess inventories could be shrunk and the price of western Canadian grades…

Qatar’s OPEC Exit May Just Be The Beginning

Dec 04, 2018 at 14:11 | Tim Daiss

Much has already been written over the last 24 hours by pundits and analysts alike about Qatar’s decision to leave the Organization of the Oil Exporting Countries (OPEC) by January…

OPEC+ Gears Up For Production Cuts

Dec 04, 2018 at 12:56 | Tom Kool

Oil gained for a second day in a row on Tuesday, pushed up by a trade war truce, pending OPEC+ production cuts, and surprise mandatory output reductions in Canada.

Gazprom’s Next Big Bet On European Gas Markets

Dec 04, 2018 at 11:58 | Viktor Katona

Amid an inimical international situation, an economy that was bound to recover, but does so rather unconvincingly and a tense domestic atmosphere, Russia continues the construction of new gas pipelines…

NOPEC Act Is A Big Concern For OPEC Members

Dec 04, 2018 at 10:37 | Tsvetana Paraskova

A proposed U.S. legislation that could pave the way for suing OPEC for market manipulation is a “big concern” among the cartel and may weigh on the message from the…

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