• 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
  • 5 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Could Someone Give Me Insights on the Future of Renewable Energy?
  • 1 day How Far Have We Really Gotten With Alternative Energy
  • 8 hours e-truck insanity
  • 3 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 5 days Bankruptcy in the Industry
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 6 days The United States produced more crude oil than any nation, at any time.
How Iraq Continues To Trick Washington

How Iraq Continues To Trick Washington

The U.S. government has multiple…

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…

News

Venezuela Oil Sanctions Slash Brent Crude Premium

Venezuela Oil Sanctions Slash Brent Crude Premium

Feb 26, 2019 at 09:05 | Tsvetana Paraskova

The U.S. sanctions on Venezuela from late last month cut off more heavy and sour crude oil supply to the global market, leading to the lowest premium of quality light…

A German City’s 100% Renewable Target Faces Resistance In Norway

A German City’s 100% Renewable Target Faces Resistance In Norway

Feb 25, 2019 at 17:37 | Tsvetana Paraskova

The city of Munich in southern Germany plans have all its electricity produced from 100 percent renewable sources by 2025, but that plan has led to opposition much farther…

Libyan MP: Eastern Forces Killed Civilians In Campaign To Claim Oil Fields

Libyan MP: Eastern Forces Killed Civilians In Campaign To Claim Oil Fields

Feb 25, 2019 at 16:27 | Tsvetana Paraskova

Forces loyal to Libya’s eastern strongman General Khalifa Haftar have killed at least 19 people in southern Libya during their campaign to secure oil fields in the area, Mohamed Linu,…

Marathon Oil Exits UK North Sea In Continued Focus On U.S. Shale

Marathon Oil Exits UK North Sea In Continued Focus On U.S. Shale

Feb 25, 2019 at 14:12 | Tsvetana Paraskova

Marathon Oil said on Monday that it would be exiting the UK North Sea as it continues to focus on high-return U.S. shale oil operations. Houston-based Marathon Oil has…

Vitol Sees Higher Oil Prices As Heavy Crude Supply Shrinks

Vitol Sees Higher Oil Prices As Heavy Crude Supply Shrinks

Feb 25, 2019 at 11:57 | Irina Slav

Commodity trading major Vitol expects crude oil prices to rise further as U.S. sanctions on Venezuela and OPEC production cuts squeeze the global supply of heavy crude, Vitol’s chief executive,…

Reuters: Exxon Tries To Block Investor Push For Emission Reduction

Reuters: Exxon Tries To Block Investor Push For Emission Reduction

Feb 25, 2019 at 10:35 | Irina Slav

Exxon is trying to block an investor initiative seeking to force the supermajor to commit to a reduction in harmful emissions, two of these investors told Reuters. The company,…

UAE Light Crude Continues To Trade At A Discount

UAE Light Crude Continues To Trade At A Discount

Feb 25, 2019 at 07:29 | Irina Slav

The United Arab Emirates’ main export crude blend, Murban, has recorded a four-month stretch of selling at a discount to the official selling price of Emirati crude in Asia because…

U.S. Crude Oil Production Hits Record 12 Million Bpd

U.S. Crude Oil Production Hits Record 12 Million Bpd

Feb 22, 2019 at 17:36 | Tsvetana Paraskova

U.S. crude oil production hit a record 12 million bpd in the week ending February 15, rising by 100,000 bpd from 11.9 million bpd in the previous week, the weekly…

Gunmen Attack Anadarko LNG Project In Mozambique

Gunmen Attack Anadarko LNG Project In Mozambique

Feb 22, 2019 at 15:54 | Irina Slav

Militants have attacked Anadarko’s LNG project in Mozambique in what is the first attack on the oil and gas industry in the African country, Bloomberg reports, citing Portuguese news…

Exxon To Use Microsoft Tech To Boost Permian Oil Output, Profitability

Exxon To Use Microsoft Tech To Boost Permian Oil Output, Profitability

Feb 22, 2019 at 14:17 | Tsvetana Paraskova

ExxonMobil has forged a digital partnership with Microsoft to use cloud technology to increase oil production and profitability in its key growth area, the Permian, the U.S. oil supermajor

Tullow Oil: Water Deal Key To Kenya Project Could Slip To Q3

Tullow Oil: Water Deal Key To Kenya Project Could Slip To Q3

Feb 22, 2019 at 14:05 | Tsvetana Paraskova

A deal between Tullow Oil and local Kenyan authorities that would allow the oil company to pump water for the wells and that would be crucial to the final investment…

Saudi Arabia Inks Preliminary Renewables Investment Deal In China

Saudi Arabia Inks Preliminary Renewables Investment Deal In China

Feb 22, 2019 at 12:41 | Irina Slav

Saudi Arabia’s sovereign wealth fund PIF signed a preliminary deal for investments in China’s renewable energy sector during the visit of Crown Prince Mohammed in China, Reuters reports, citing…

New Oil, Gas Project Approvals To Triple This Year: Rystad

New Oil, Gas Project Approvals To Triple This Year: Rystad

Feb 22, 2019 at 09:53 | Irina Slav

The number of greenfield oil and gas projects to get their final investment decision could rise threefold on 2018, Norwegian energy consultancy Rystad Energy has forecast. Most of these will…

Tesla Races To Launch Model 3 In China Ahead Of Schedule

Tesla Races To Launch Model 3 In China Ahead Of Schedule

Feb 22, 2019 at 09:23 | Irina Slav

After last October it suffered a 70-percent slump in car sales in China, now Tesla is racing to regain lost market share by releasing its flagship Model 3 on…

Bomb Attack Kills At Least 10 Oil Workers In Syria

Bomb Attack Kills At Least 10 Oil Workers In Syria

Feb 21, 2019 at 17:46 | Tsvetana Paraskova

A car blast killed at least 10 oil workers and fighters from a U.S.-backed Kurdish force battling Islamic State in eastern Syrian on Thursday, Reuters reported, citing residents and…

U.S. Devon Energy Looks To Quit Canada’s Oil Patch

U.S. Devon Energy Looks To Quit Canada’s Oil Patch

Feb 21, 2019 at 17:32 | Tsvetana Paraskova

Devon Energy has said that it will be looking to sell its Canadian assets to become a high-return U.S. oil growth business in what analysts described as a ‘long-overdue’ announcement…

U.S. Discusses Iran’s Oil Issue With South Korea

U.S. Discusses Iran’s Oil Issue With South Korea

Feb 21, 2019 at 17:25 | Tsvetana Paraskova

A top U.S. official discussed this week South Korea’s crude oil imports from Iran and urged Seoul to accelerate its oil supply diversification, S&P Global Platts reported on Thursday,…

Nigeria Seeks $20B In Back Taxes From Oil Majors

Nigeria Seeks $20B In Back Taxes From Oil Majors

Feb 21, 2019 at 16:57 | Tsvetana Paraskova

Nigeria has asked the international oil majors operating in the country to pay a total of almost US$20 billion in outstanding taxes and royalties that it says is owed to…

Venezuela Struggles To Find Buyers For Its Oil After U.S. Sanctions

Venezuela Struggles To Find Buyers For Its Oil After U.S. Sanctions

Feb 21, 2019 at 14:40 | Tsvetana Paraskova

Following the U.S. sanctions, Venezuela’s oil inventories have swelled to a five-year high, The Wall Street Journal reported on Thursday, citing satellite data—a sign that Venezuelan oil buyers are…

Nigeria Could Soon Start Cutting Oil Production

Nigeria Could Soon Start Cutting Oil Production

Feb 21, 2019 at 11:35 | Irina Slav

Nigeria could start reducing its crude oil production in line with the OPEC-wide output cut agreed last December, President Muhammadu Buhari said as quoted by Nigeria media, speaking to…

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