• 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
  • 9 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 days The United States produced more crude oil than any nation, at any time.
  • 1 day Could Someone Give Me Insights on the Future of Renewable Energy?
  • 11 hours How Far Have We Really Gotten With Alternative Energy
  • 7 hours Bankruptcy in the Industry

Energy

Oil Prices Slip After EIA Reports Builds Across The Board

Nov 15, 2017 at 09:42 | Irina Slav

A day after the American Petroleum Institute took the market by surprise reporting a 6.513-million-barrel build in inventories, the Energy Information Administration confirmed inventories had risen last week…

IEA’s Shocking Revelation About U.S. Shale

Nov 14, 2017 at 17:11 | Nick Cunningham

The oil market is exhibiting signs of having reached a “new normal,” according to the IEA, with the floor for oil prices jumping from $50 to $60 per barrel. But…

The Surprise Winners Of The Oil Price Rally

Nov 14, 2017 at 16:28 | Irina Slav

Common sense would tell you that the biggest winners in a price rally of a commodity would be the biggest producers of the commodity that is rallying. This is certainly…

Why Canadian Crude Trades At Such A Steep Discount

Nov 14, 2017 at 16:15 | Tsvetana Paraskova

Canada’s oil industry faces multiple headwinds on top of an oil bust that has changed the global industry over the past few years. Canadian producers are selling their oil at…

EVs Won’t Stifle Oil Demand Anytime Soon

Nov 14, 2017 at 14:30 | Irina Slav

There will be 280 million EVs on the roads in 2040, up from 2 million today—but even this increase won’t be able to stifle crude oil demand, the International Energy…

The Dangers Of A Bullish Oil Market

Nov 14, 2017 at 14:07 | Tom Kool

The U.S. rig count rose on Friday and Tuesday’s IEA report hit the oil market hard, causing bulls to pocket some profit after the recent oil price rally, but geopolitical conflict…

U.S. Shale To Beat Saudi Production Growth

Nov 14, 2017 at 11:45 | Irina Slav

U.S. shale oil and gas production is set to grow at a record-breaking rate over the next eight years, the International Energy Agency said in its latest World Energy…

Oil Prices Nosedive On Bearish IEA Report

Nov 14, 2017 at 10:34 | Charles Kennedy

Oil prices are cratering after the IEA said that global oil demand is actually much weaker than everyone thought. The IEA lowered its demand forecast by 50,000 bpd in 2017…

U.S. Grid Narrowly Escapes Apocalyptic Attack

Nov 13, 2017 at 16:57 | Zainab Calcuttawala

The American grid security story grows increasingly grim. Last week, security consulting firm Symantec warned that recent cyberattacks gave hackers direct access to the nation’s power grid on multiple…

Don’t Back U.S. Shale To Keep Oil Prices Down

Nov 13, 2017 at 16:51 | Nick Cunningham

WTI is back in the upper-$50s per barrel, and OPEC is on the verge of extending its production limits well into next year. The fear for OPEC, and other oil…

GE Looks To Divest Energy Assets As Turmoil Continues

Nov 13, 2017 at 14:21 | Leonard Hyman & William Tilles

General Electric Corp., as part of a turnaround plan announced November 13, halved its common stock dividend, from $.24 to $.12. per quarter, a fifty percent reduction. Wall Street had…

Don’t Count On An OPEC Deal Extension

Nov 13, 2017 at 14:18 | Irina Slav

A year ago this week, markets reeled from the surprise election of U.S. president Donald Trump, and eagerly awaited OPEC’s November meeting as the last hope for an oil price…

U.S. Congress Slashes Support For Renewables And EVs

Nov 13, 2017 at 13:26 | Kent Moors

With all the rhetoric about governing for all Americans, sometimes politics is just about picking winners and losers. Take the ongoing soap opera of who in the energy sector is…

OPEC Sees Oil Demand Soaring In 2018

Nov 13, 2017 at 11:57 | ZeroHedge

True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production... (Click to…

OPEC Chairman: Output Cuts Are The ‘’Only Viable Option’’

Nov 13, 2017 at 10:50 | Tsvetana Paraskova

OPEC and its non-OPEC partners are expected to unanimously decide to extend the production cuts at the Vienna meeting on November 30, but the duration of the extension is…

Houthi Rebels Threaten To Attack Saudi Oil Tankers

Nov 13, 2017 at 09:31 | Irina Slav

The Houthi rebel group in Yemen has threatened to start attacking oil tankers and warships sailing under enemy flag if the Gulf coalition fighting it in the country does…

Is Peak Permian Only 3 Years Away?

Nov 10, 2017 at 16:49 | Tsvetana Paraskova

The world’s hottest shale basin, the Permian, is leading the second U.S. wave of tight oil production growth and will continue to do so for years to come, all analysts…

Are Electric Cars As Clean As They Seem?

Nov 10, 2017 at 16:49 | Zainab Calcuttawala

Tesla’s unveiling of its mass market Model 3 sparked a global interest in making electric vehicles the next big thing in automobile manufacturing. But can the category’s green agenda keep…

$43 Billion China-Alaska Energy Deal Looks Shaky

Nov 10, 2017 at 16:48 | Nick Cunningham

China’s largest oil company, Sinopec, signed a deal last week to explore the development of a massive $43 billion natural gas pipeline and LNG export terminal in Alaska. The project…

North Sea Oil In Urgent Need Of A Major Discovery

Nov 10, 2017 at 16:48 | Ron Patterson

Short-term trends for UK oil and gas production and, to a lesser extent, Norway can be rendered a bit meaningless by seasonal impacts from summer maintenance turn-arounds and cyclic gas…

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