• 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
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 21 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Hess Board Recommends Merger With Chevron

Energy

Could The Gulf Dispute Actually Help Iran?

Jul 20, 2017 at 17:08 | Gregory Brew

The on-going diplomatic feud in the Persian Gulf pitting Qatar against a coalition of Arab states led by Saudi Arabia has already disrupted regional affairs to a significant extent: economic…

Is Big Oil Betting On The Wrong Horse?

Jul 20, 2017 at 15:24 | Tsvetana Paraskova

Many oil majors have steered their strategies and investments into natural gas, aiming to seize the projected global gas demand growth as the world shifts away from coal-fired power generation.…

The Abrupt Demise Of Dutch Gas

Jul 20, 2017 at 14:19 | Viktor Katona

The largest and oldest-producing gas field in Western Europe, the Groningen field, is on the verge of being shut down. If that happens, it will entail the tumbling of Netherlands'…

Why Oil Prices Can’t Gain Traction

Jul 20, 2017 at 12:59 | Metal Miner

Despite U.S. oil stocks falling 7.6 million barrels, the biggest drop since September, a recent Financial Times article reports, quoting U.S. Energy Information Administration data, that the oil price is…

U.S. Fines Exxon For Violating Russia Sanctions Under Tillerson

Jul 20, 2017 at 11:31 | Tsvetana Paraskova

The U.S. Department of the Treasury said on Thursday that it is imposing a US$2-million civil monetary penalty against ExxonMobil and some of its subsidiaries for having breached Ukraine-related…

Permian Oil Reserves Are Grossly Exaggerated

Jul 19, 2017 at 17:14 | Arthur Berman

We are entering a new age of American energy dominance according to Energy Secretary Rick Perry. President Trump reflected that view in comments he made last week that “…we’ve got underneath…

“Dirty, Difficult, And Dangerous”: Why Millennials Won’t Work In Oil

Jul 19, 2017 at 16:24 | Tsvetana Paraskova

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials. But unlike any other industry,…

Will Eni’s Arctic Efforts Be Profitable?

Jul 19, 2017 at 15:22 | Irina Slav

Arctic oil drilling may be controversial and expensive—and is generally not a top priority in the energy industry—but Italy’s energy major Eni begs to differ. The company last week received…

Saudi Crude Inventories Continue To Decline

Jul 19, 2017 at 13:38 | Zainab Calcuttawala

Saudi Arabia reported a progressive decline in domestic crude stocks for 16 of the 19 months between November 2015 and May 2017, according to a new report by Reuters.…

The Natural Gas Boom Shows No Signs Of Slowing

Jul 19, 2017 at 12:41 | Robert Rapier

Last month the BP Statistical Review of World Energy 2017 was released. This report gives us the opportunity to review the big picture when it comes to global energy supply and demand.…

Hedge Funds Bleed As Oil Price Recovery Fails To Materialize

Jul 19, 2017 at 10:45 | Zainab Calcuttawala

Large hedge firms that had banked on an oil price recovery in the first half of 2017 are now reeling from the effects of a bearish market that shows…

Oil Prices Leap Higher After Draw In Crude Inventories

Jul 19, 2017 at 09:53 | Irina Slav

The Energy Information Administration offered jittery oil markets respite today by reporting a draw of 4.7 million barrels in U.S. commercial oil inventories. The report comes just one day…

One Way Or Another – Venezuela Will Send Oil Prices Up

Jul 18, 2017 at 16:29 | Nick Cunningham

In a desperate bid to survive its economic meltdown, Venezuela is lobbying other OPEC members to agree to steeper oil production cuts, a move that would likely lead to higher…

Is This A Sign That The OPEC Deal Is Doomed?

Jul 18, 2017 at 16:24 | Gregory Brew

Late on Monday the oil world was shocked to learn that Ecuador planned on exceeding its OPEC production quota, publicly breaking from the supply cuts agreed to in November 2016…

Ecuador Abandons The OPEC Deal: Who’s Next?

Jul 18, 2017 at 14:56 | Nick Cunningham

Ecuador announced its withdrawal from the OPEC agreement this week, a move that could shake the foundation of a deal that was already starting to show some cracks. "We need…

U.S. Shale Output Just Reached A New Record

Jul 18, 2017 at 14:40 | ZeroHedge

One month ago, we reported that based on recent data, June oil output from shale producers would post the first double-digit production growth since July of 2015, when…

Stability Is Returning To Oil Markets

Jul 18, 2017 at 14:21 | Irina Slav

The last couple of years have been turbulent for the international oil market and all of its players. But there are signs that the waters are beginning to calm, as…

Oil Up As Saudis Consider Deeper Output Cuts

Jul 18, 2017 at 13:19 | Tom Kool

(Click to enlarge) (Click to enlarge)  Chart of the Week:(Click to enlarge) •…

Venezuela’s National Oil Company On Its Last Legs

Jul 18, 2017 at 12:00 | Luis Colasante

On Sunday 9th, 2017 Venezuela hit a hundred days of anti-dictatorial regime demonstrations. Hundreds of thousands of Venezuelans have taken over main streets and roads demanding a new presidential election,…

Kuwait: Oil Market To Balance By March, No Deeper Cuts Needed

Jul 18, 2017 at 10:08 | Tsvetana Paraskova

Although the oil market is taking longer than anticipated to return to balance, the oversupply should be cleared by the time OPEC’s cuts expire at the end of March next…

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