• 4 minutes What will the future hold for nations dependent on high oil prices.
  • 7 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 12 minutes OPEC Cuts Deep to Save Cartel
  • 15 minutes Venezuela continues to sink in misery
  • 17 hours End of EV Subsidies?
  • 1 min Could Tesla Buy GM?
  • 12 mins Global Economy-Bad Days Are coming
  • 7 hours Permian Suicide
  • 3 hours Price Decline in Chinese Solar Panels
  • 13 hours GOODBYE FOREIGN OIL DEPENDENCE!!
  • 17 hours Maersk's COO statment.
  • 13 hours Asian stocks down
  • 2 hours USGS Announces Largest Continuous Oil Assessment in Texas and New Mexico
  • 20 hours Oil prices may go up, but will be below $70 a barrel in FY19: Hindustan Petroleum Chairman
  • 19 hours Japan Effectively Bans China’s Huawei, ZTE From Government Contracts, Joining U.S
  • 11 hours IT IS FINISHED. OPEC Victorious

Breaking News:

Tesla Opens 11 New Stores In U.S.

Is Gasoline Demand Really Slipping?

Is Gasoline Demand Really Slipping?

In a somewhat befuddling scenario,…

News

Maduro: All Venezuelan Oil Will Be Sold In Petro Cryptocurrency

Maduro: All Venezuelan Oil Will Be Sold In Petro Cryptocurrency

Dec 07, 2018 at 12:44 | Tsvetana Paraskova

Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which…

Chevron Raises 2019 Budget To $20 Billion

Chevron Raises 2019 Budget To $20 Billion

Dec 07, 2018 at 10:14 | Irina Slav

For the first time in four years, Chevron will spend more in 2019 than in the current year, with total spending at US$20 billion, the company said in a

Russia May Agree To 200,000 Bpd Cut In OPEC+ Oil Deal

Russia May Agree To 200,000 Bpd Cut In OPEC+ Oil Deal

Dec 07, 2018 at 09:21 | Tsvetana Paraskova

Russia may be ready to cut its oil production by 200,000 bpd as part of a deal with OPEC to reduce oil supply—a higher commitment than 150,000 bpd previously aired,…

Iran Hopes Iranian-EU Oil Trade Mechanism To Start Working By Year-End

Iran Hopes Iranian-EU Oil Trade Mechanism To Start Working By Year-End

Dec 06, 2018 at 15:54 | Tsvetana Paraskova

Iran hopes that the special purpose vehicle that would allow the European Union (EU) to continue buying Iranian oil amid the U.S. sanctions will become operational by the end of…

Maduro: Russia, Venezuela Sign $5B Deals To Boost Venezuelan Oil Production

Maduro: Russia, Venezuela Sign $5B Deals To Boost Venezuelan Oil Production

Dec 06, 2018 at 15:47 | Tsvetana Paraskova

Back from a visit to Moscow, Venezuelan President Nicolas Maduro tweeted a video on Thursday, in which he said that Venezuela and Russia have signed US$5-billion investment deals to…

Fractured OPEC Walks Away From The Table

Fractured OPEC Walks Away From The Table

Dec 06, 2018 at 12:55 | Tsvetana Paraskova

After six hours of discussions, OPEC didn’t agree on Thursday on any specific oil production cut agreement as members are quarrelling on how to divvy up the production cuts and…

Green Group: British Columbia’s Climate Plan Can’t Afford LNG Projects

Green Group: British Columbia’s Climate Plan Can’t Afford LNG Projects

Dec 06, 2018 at 12:18 | Tsvetana Paraskova

The province of British Columbia, which has just unveiled an ambitious emissions-cutting plan, cannot afford any more liquefied natural gas (LNG) export facilities if it is to meet its climate…

Tesla Set To Start Production At China Gigafactory In H2 2019

Tesla Set To Start Production At China Gigafactory In H2 2019

Dec 06, 2018 at 10:32 | Tsvetana Paraskova

Tesla is expected to begin partial production at its first factory in China in the second half of 2019, the Shanghai government said after a meeting with local Tesla executives. …

OPEC Production Cut Settled, But Russian Cooperation Remains Uncertain

OPEC Production Cut Settled, But Russian Cooperation Remains Uncertain

Dec 06, 2018 at 10:00 | Julianne Geiger

The oil markets exhaled early on Thursday morning as two OPEC sources announced that the oil cartel had tentatively agreed to a production cut of non-specific volumes. The announcement as…

Canada Pipeline System “Dysfunctional”: Industry Executive

Canada Pipeline System “Dysfunctional”: Industry Executive

Dec 06, 2018 at 09:14 | Irina Slav

Canada’s oil pipeline system is not just insufficient to transport the growing amounts of crude companies are producing. It is also features a “dysfunctional pipeline nomination process,” according to Canadian…

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