• 14 hours Oil Pares Gains After API Reports Surprise Crude Inventory Build
  • 15 hours Elon Musk Won’t Get Paid Unless Tesla Does “Extraordinarily Well”
  • 15 hours U.S. Regulators Keep Keystone Capacity Capped At 80 Percent
  • 16 hours Trump Signs Off On 30 Percent Tariff On Imported Solar Equipment
  • 18 hours Russian Funds May Invest In Aramco’s IPO To Boost Oil Ties
  • 19 hours IMF Raises Saudi Arabia Growth Outlook On Higher Oil Prices
  • 20 hours China Is World’s Number-2 In LNG Imports
  • 1 day EIA Weekly Inventory Data Due Wednesday, Despite Govt. Shutdown
  • 1 day Oklahoma Rig Explodes, Leaving Five Missing
  • 2 days Lloyd’s Sees No Room For Coal In New Investment Strategy
  • 2 days Gunmen Kidnap Nigerian Oil Workers In Oil-Rich Delta Area
  • 2 days Libya’s NOC Restarts Oil Fields
  • 2 days US Orion To Develop Gas Field In Iraq
  • 4 days U.S. On Track To Unseat Saudi Arabia As No.2 Oil Producer In the World
  • 4 days Senior Interior Dept. Official Says Florida Still On Trump’s Draft Drilling Plan
  • 4 days Schlumberger Optimistic In 2018 For Oilfield Services Businesses
  • 5 days Only 1/3 Of Oil Patch Jobs To Return To Canada After Downturn Ends
  • 5 days Statoil, YPF Finalize Joint Vaca Muerta Development Deal
  • 5 days TransCanada Boasts Long-Term Commitments For Keystone XL
  • 5 days Nigeria Files Suit Against JP Morgan Over Oil Field Sale
  • 5 days Chinese Oil Ships Found Violating UN Sanctions On North Korea
  • 5 days Oil Slick From Iranian Tanker Explosion Is Now The Size Of Paris
  • 5 days Nigeria Approves Petroleum Industry Bill After 17 Long Years
  • 6 days Venezuelan Output Drops To 28-Year Low In 2017
  • 6 days OPEC Revises Up Non-OPEC Production Estimates For 2018
  • 6 days Iraq Ready To Sign Deal With BP For Kirkuk Fields
  • 6 days Kinder Morgan Delays Trans Mountain Launch Again
  • 6 days Shell Inks Another Solar Deal
  • 7 days API Reports Seventh Large Crude Draw In Seven Weeks
  • 7 days Maduro’s Advisors Recommend Selling Petro At Steep 60% Discount
  • 7 days EIA: Shale Oil Output To Rise By 1.8 Million Bpd Through Q1 2019
  • 7 days IEA: Don’t Expect Much Oil From Arctic National Wildlife Refuge Before 2030
  • 7 days Minister Says Norway Must Prepare For Arctic Oil Race With Russia
  • 7 days Eight Years Late—UK Hinkley Point C To Be In Service By 2025
  • 7 days Sunk Iranian Oil Tanker Leave Behind Two Slicks
  • 7 days Saudi Arabia Shuns UBS, BofA As Aramco IPO Coordinators
  • 7 days WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
  • 7 days Norway Grants Record 75 New Offshore Exploration Leases
  • 7 days China’s Growing Appetite For Renewables
  • 8 days Chevron To Resume Drilling In Kurdistan
Iranian Crisis Could Send Oil To $100

Iranian Crisis Could Send Oil To $100

Despite several warnings from analysts…

Geopolitics / South America

China Optimistic on Peru Outlook, but Other Investors Wary

China Optimistic on Peru Outlook, but Other Investors Wary

Nov 08, 2013 at 16:55 | Editorial Dept

Bottom Line: China’s optimism as it enters final talks to acquire Petrobras’ assets in Peru is not shared yet with other potential foreign investors as the country fails to make…

Elections in Argentina May Quicken Investment Pace

Elections in Argentina May Quicken Investment Pace

Oct 25, 2013 at 16:03 | Editorial Dept

Bottom line: Opposition to the economic policies of President Cristina Fernández Kirchner will translate into votes for anti-kirchneristas, and may contribute to a quicker pace of investment going into 2014.

Push-Back from Investors Improves Libra Prospects

Push-Back from Investors Improves Libra Prospects

Oct 18, 2013 at 16:41 | Editorial Dept

Bottom line: In its final rules for the Libra auction scheduled for 21 October, the government of Brazil loosened the mandate to permit the winning bidder to retain 50% of…

China to Stake Claim off Brazil’s Coast

China to Stake Claim off Brazil’s Coast

Oct 11, 2013 at 16:07 | Editorial Dept

Bottom line: China likely to stake a claim off Brazil’s coast through Libra pre-salt auction, but at a potentially high environmental cost for Brazil.Analysis: Given the small field…

Risks Abound in Mexico’s New Oil Laws

Risks Abound in Mexico’s New Oil Laws

Aug 29, 2013 at 17:01 | Global Risk Insights

Much has been made of the recent announcement that Mexico is seeking to update its oil laws, allowing foreign companies a role in the industry for the first time…

Exploring for Oil in Nicaragua: Friends in High Places

Exploring for Oil in Nicaragua: Friends in High Places

Aug 23, 2013 at 15:30 | Southern Pulse

On 17 July, Nicaragua announced that US-based Noble Energy would invest $30 million in drilling two offshore wells in the Caribbean—launching Nicaragua’s first-ever oil exploration. The wells will be drilled…

Sweetening the Deal for Foreign Investors in Mexico

Sweetening the Deal for Foreign Investors in Mexico

Aug 23, 2013 at 15:12 | Editorial Dept

Bottom Line: As Mexico proceeds towards oil and gas liberalization and the modernization of state-run Pemex, it’s taking steps to lure in private companies by lifting restrictions on registering the…

Brazil’s Oil Profits to Fund Education, Healthcare

Brazil’s Oil Profits to Fund Education, Healthcare

Aug 21, 2013 at 17:10 | Southern Pulse

Brazil’s decision to earmark 100% of profits from sub-salt production to education and healthcare is a major step toward assuaging public hostility stemming from perceived injustice on the part of…

US and China Battle it Out for Latin America

US and China Battle it Out for Latin America

Jul 10, 2013 at 16:50 | ISN Security Watch

According to Robert Valencia, China is vying for greater economic influence in Latin America, to include possibly constructing and operating an alternative ‘Panama Canal’ through Nicaragua. One unanticipated consequence of…

BRAZIL: Petrobras Discoveries Mean More Debt

BRAZIL: Petrobras Discoveries Mean More Debt

Jun 14, 2013 at 15:29 | Editorial Dept

Bottom Line: Petrobras has made the largest-ever crude oil discovery in Brazil as estimates for the Libra field are doubled to as much as 12 billion barrels, but the company’s…

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