• 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
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours How Far Have We Really Gotten With Alternative Energy
  • 3 days Could Someone Give Me Insights on the Future of Renewable Energy?
  • 2 days e-truck insanity
  • 17 hours An interesting statistic about bitumens?
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 7 days Bankruptcy in the Industry
  • 4 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days The United States produced more crude oil than any nation, at any time.
Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Despite Congress passing new sanctions…

Tech Leaders Big Big On Green Energy Startups

Tech Leaders Big Big On Green Energy Startups

Sam Altman and Andreessen Horowitz…

News

Crude Oil Inventory Build Takes Oil Markets By Surprise

Crude Oil Inventory Build Takes Oil Markets By Surprise

Sep 04, 2019 at 15:49 | Julianne Geiger

The American Petroleum Institute (API) has estimated a surprise crude oil inventory build of 401,000 barrels for the week ending Aug 29, compared to analyst expectations of a 3.50-million…

North Dakota Tops Rankings Of Residential Energy Use Per Capita

North Dakota Tops Rankings Of Residential Energy Use Per Capita

Sep 04, 2019 at 15:41 | Tsvetana Paraskova

North Dakota consumes the most energy per capita in the residential sector, the U.S. Energy Information Administration (EIA) said in its Key Statistics and Indicators report on Wednesday. According…

Many Oil Firms Interested To Explore Norway’s Mature Areas

Many Oil Firms Interested To Explore Norway’s Mature Areas

Sep 04, 2019 at 12:56 | Tsvetana Paraskova

A total of 33 oil companies have applied for licenses in Norway’s 2019 licensing round for exploration and development in mature areas on the country’s continental shelf, Norway’s Ministry of…

Russia Could Allow Private Oil Firms To Explore Arctic Shelf

Russia Could Allow Private Oil Firms To Explore Arctic Shelf

Sep 04, 2019 at 12:46 | Tsvetana Paraskova

The Russian ministry of natural resources is open to the idea that private oil and gas firms could be allowed to explore Russia’s Arctic shelf, where currently only state-held firms…

Brazil Approves $9-Bln Payout To Petrobras In Transfer-of-Rights Settlement

Brazil Approves $9-Bln Payout To Petrobras In Transfer-of-Rights Settlement

Sep 04, 2019 at 12:04 | Irina Slav

The Brazilian Senate has approved an agreement for the transfer of rights over a disputed group of oil fields that would see state energy giant Petrobras get US$9 billion in…

Saudi Energy Reshuffle Will Have No Effect on Ties with Russia: Novak

Saudi Energy Reshuffle Will Have No Effect on Ties with Russia: Novak

Sep 04, 2019 at 11:40 | Irina Slav

The energy ministry reshuffle Saudi Arabia announced earlier this week will have no impact on Saudi-Russian relations in that area, Russian Energy Minister Alexander Novak told media as…

Captain Of Controversial Iranian Tanker Wants Out: Report

Captain Of Controversial Iranian Tanker Wants Out: Report

Sep 04, 2019 at 09:30 | Irina Slav

The infamous Adrian Darya 1 tanker, which is near the Syrian coast right now and expected to deliver its cargo of crude oil, is having problems with its captain, Fox…

New Mexico Oil And Gas Industry Set To Break Records

New Mexico Oil And Gas Industry Set To Break Records

Sep 03, 2019 at 18:05 | Julianne Geiger

New Mexico is set to continue its breakneck pace for revenue growth from its oil and gas industry, and is expected to add $174 billion in infrastructure to support…

OPEC Not Only Produced More Oil In August, But Shipped More Too

OPEC Not Only Produced More Oil In August, But Shipped More Too

Sep 03, 2019 at 17:29 | Julianne Geiger

OPEC’s oil exports rose to a four-month high, tanker tracking data compiled by Bloomberg showed on Tuesday. OPEC’s largest producers Iran, Iraq, Kuwait, Saudi Arabia, and the United Arab…

RBC Capital Markets: Aramco Shake-Up Aims To Fast Track IPO

RBC Capital Markets: Aramco Shake-Up Aims To Fast Track IPO

Sep 03, 2019 at 16:46 | Tsvetana Paraskova

The change of the chairman of oil giant Saudi Aramco is paving the way for fast-tracking the listing of the world’s biggest oil firm, as Saudi Arabia’s Crown Prince Mohammed…

$20B Danish Fund Ditches Oil Supermajors Over Climate Concerns

$20B Danish Fund Ditches Oil Supermajors Over Climate Concerns

Sep 03, 2019 at 15:40 | Tsvetana Paraskova

The US$20-billion Danish fund MP Pension said on Tuesday it is excluding the world’s largest oil companies from its portfolio, looking to secure long-term returns for investors and to…

Chinese Oil Majors Consume More Crude In August

Chinese Oil Majors Consume More Crude In August

Sep 03, 2019 at 12:16 | JLC

PetroChina and Sinopec’s daily crude consumption grew further in August 2019, because of more unit restarts, JLC data shows. This increase comes after a modest 1.25% month-on-month

Iranian Oil Tanker Turns Off Positioning System Offshore Syria

Iranian Oil Tanker Turns Off Positioning System Offshore Syria

Sep 03, 2019 at 10:13 | Tsvetana Paraskova

Iranian oil tanker Adrian Darya 1, which the U.S. blacklisted this weekend, went dark on Monday while in the Mediterranean offshore Syria, ship-tracking data shows, suggesting that the tanker may…

Eurasian Union Deal With Iran To Take Effect In October

Eurasian Union Deal With Iran To Take Effect In October

Sep 03, 2019 at 09:16 | Irina Slav

A trade deal between Iran and the Eurasian Economic Union will take effect on October 26, Russia’s Energy Minister Alexander Novak said during a meeting with Iran’s Energy Minister, Reza…

Libya’s Oil Revenues Up 23% In July: NOC

Libya’s Oil Revenues Up 23% In July: NOC

Sep 02, 2019 at 17:19 | Julianne Geiger

Libya’s National Oil Corporation reported $2.1 billion in income in July from its sales of crude oil and corresponding taxes, NOC said in a press release. The figure represents a…

Saudi Energy Minister Al Falih Loses Key Role In Aramco

Saudi Energy Minister Al Falih Loses Key Role In Aramco

Sep 02, 2019 at 17:02 | Julianne Geiger

Just a few short days after Saudi Arabia’s Energy Minister lost half of his purview, Saudi Energy Minister Khalid Al Falih has lost his role as chairman of the board…

Iran’s Oil Product Exports Stay Strong Despite U.S. Sanctions

Iran’s Oil Product Exports Stay Strong Despite U.S. Sanctions

Sep 02, 2019 at 16:54 | Tsvetana Paraskova

The U.S. sanctions on the Iranian oil industry have cut a lot of the crude oil exports of the Islamic Republic, but oil product exports—also under U.S. sanctions—have held pace…

Iran Says France Offered $15B Oil Pre-Purchases Credit Line

Iran Says France Offered $15B Oil Pre-Purchases Credit Line

Sep 02, 2019 at 16:34 | Tsvetana Paraskova

France has proposed to extend to Iran a credit line of US$15 billion for oil “pre-purchases” in exchange for full compliance with the nuclear deal, parts of which Iran has…

India Weighs Selling Government Stake In Bharat Petroleum  

India Weighs Selling Government Stake In Bharat Petroleum  

Sep 02, 2019 at 13:31 | Tsvetana Paraskova

India’s government plans to sell its entire more than 50-percent stake in one of the largest local refiners, Bharat Petroleum Corporation (BPCL), most likely to state-controlled Indian Oil Corporation, Indian…

Perry: Poland, Ukraine To Work With U.S. To Reduce Dependence On Russian Gas

Perry: Poland, Ukraine To Work With U.S. To Reduce Dependence On Russian Gas

Sep 02, 2019 at 10:47 | Irina Slav

The United States will work with Poland and Ukraine to reduce their dependence on Russian gas, media reported after a meeting between U.S. Energy Secretary Rick Perry and Polish and…

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