• 6 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Why hydrogen economics is does not work
  • 8 hours Starvation, horror in Venezuela
  • 3 hours The EU Loses The Principles On Which It Was Built
  • 9 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 5 hours Crude Price going to $62.50
  • 14 hours Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 7 hours Chinese EV Startup Nio Files for $1.8 billion IPO
  • 18 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 7 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 19 hours Correlation does not equal causation, but they do tend to tango on occasion
  • 1 day WTI @ 69.33 headed for $70s - $80s end of August
  • 18 hours Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
  • 20 hours Monsanto hit by $289 Million for cancerous weedkiller
  • 1 day California Solar Mandate Based on False Facts

News

India’s Top Refiner Buys U.S. Oil To Partially Replace Iranian Crude

India’s Top Refiner Buys U.S. Oil To Partially Replace Iranian Crude

Aug 08, 2018 at 13:59 | Tsvetana Paraskova

Indian Oil Corp, the biggest refiner in India, has purchased a total of 6 million barrels of U.S. crude oil for delivery between November and January, as it has…

Despite Weak Teapot Demand, China’s Oil Imports Recover In July

Despite Weak Teapot Demand, China’s Oil Imports Recover In July

Aug 08, 2018 at 12:45 | Tsvetana Paraskova

China’s crude oil imports in July rose for the first time in three months, but were still at their third lowest monthly level so far this year, as independent refiners…

Musk Starts Speculation Storm With “Taking Tesla Private” Tweet

Musk Starts Speculation Storm With “Taking Tesla Private” Tweet

Aug 08, 2018 at 11:21 | Irina Slav

Tesla’s chief executive is either unable or unwilling to stay away from headlines for any length of time, and this week makes no exception. Yesterday, Musk tweeted he planned…

Trans Mountain Expansion Could Cost More Than Expected

Trans Mountain Expansion Could Cost More Than Expected

Aug 08, 2018 at 10:44 | Irina Slav

The Trans Mountain pipeline expansion project could end up costing more than initially estimated, documents filed with U.S. regulators by Kinder Morgan suggest, according to a Reuters report. The…

Japan Negotiating with U.S. For Iranian Oil Import Exemption

Japan Negotiating with U.S. For Iranian Oil Import Exemption

Aug 08, 2018 at 09:52 | Tsvetana Paraskova

Japan will continue to negotiate with the United States to seek exemption from the U.S. sanctions on Iran’s oil, as Tokyo wants to avoid negative impacts on its energy supply…

U.S. Grants Iran Sanctions Waiver To Southern Gas Corridor

U.S. Grants Iran Sanctions Waiver To Southern Gas Corridor

Aug 08, 2018 at 09:25 | Tsvetana Paraskova

The U.S. is granting an Iran sanctions waiver to the Southern Gas Corridor natural gas pipeline projects designed to carry Azeri gas from the Caspian Sea to Turkey and…

Oil Trades Flat After API Reports Major Crude Draw

Oil Trades Flat After API Reports Major Crude Draw

Aug 07, 2018 at 16:31 | Julianne Geiger

The American Petroleum Institute (API) reported a crude oil inventory draw of 6 million barrels of United States crude oil inventories for the week ending Aug 4, compared to analyst…

Iran’s Oil Exports Drop For Third Consecutive Month

Iran’s Oil Exports Drop For Third Consecutive Month

Aug 07, 2018 at 15:03 | Tsvetana Paraskova

Iran’s oil exports dropped by 7 percent to 2.32 million bpd in July—their lowest level in four months—as South Korea and Europe are slashing imports ahead of the return…

Egypt To Start Importing Israeli Gas For Re-export In Early 2019

Egypt To Start Importing Israeli Gas For Re-export In Early 2019

Aug 07, 2018 at 12:30 | Tsvetana Paraskova

An Egyptian company is set to begin importing gas from Israeli offshore fields in the first quarter of 2019 and to re-export it as part of its plan to become…

Tesla Starts Hiring At Its Shanghai Factory

Tesla Starts Hiring At Its Shanghai Factory

Aug 07, 2018 at 12:02 | Irina Slav

Tesla has started hiring personnel for its gigafactory in China, Reuters reports, citing job postings on the company’s website. For now, the company is looking to hire 14 people,…

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