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  • 4 minutes IMPORTANT ARTICLE BY OILPRICE.COM EDITOR - "Naked Short Selling: The Truth Is Much Worse Than You Have Been Told"
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Barclays Now Sees Brent Crude At $67 In 2021

Barclays Now Sees Brent Crude At $67 In 2021

Barclays became on Thursday the…

Texas Refinery Restarts Could Take Until April

Texas Refinery Restarts Could Take Until April

Texas' largest refineries are restarting…

News

Chevron to Begin Deepwater Drilling off Liberia

Chevron to Begin Deepwater Drilling off Liberia

Jun 26, 2011 at 13:29 | Charles Kennedy

U.S.-based Chevron, which three months ago announced plans to explore for petroleum in Liberia’s offshore waters, is starting deep-water drilling in Liberia’s Exclusive Economic Zone situated in the oil-rich Gulf…

Public Support for Nuclear Energy Outlined in New Poll

Public Support for Nuclear Energy Outlined in New Poll

Jun 25, 2011 at 08:53 | Joao Peixe

Ipsos MORI, one of the United Kingdom’s largest and best known research companies, has released a new public opinion survey of citizens in 24 countries on their view of nuclear…

Russia Voices Concerns About UN Sanctions on Iran

Russia Voices Concerns About UN Sanctions on Iran

Jun 24, 2011 at 19:21 | Charles Kennedy

Russia, a key member of the United Nations Security council whose assent will be essential in invoking any further UN sanctions again Iran over its civilian nuclear energy program, has…

Hydroelectric Projects Continue to Trouble Central Asian Relations

Hydroelectric Projects Continue to Trouble Central Asian Relations

Jun 23, 2011 at 21:24 | Charles Kennedy

Relations between the Central Asian states located along the region’s largest rivers continue to deteriorate over proposed hydroelectric projects. Uzbekistan in particular is concerned about eastern neighbor Tajikistan’s ambitions to…

China Pressing Forward With Wind Power

China Pressing Forward With Wind Power

Jun 23, 2011 at 20:22 | Joao Peixe

As Beijing’s booming economy devours ever more energy resources, China is turning towards renewable energy. According to a recent forum on maritime wind power held by the National Energy Administration…

Brazil to Become the World's Largest Market for Oil Exploration Technology

Brazil to Become the World's Largest Market for Oil Exploration Technology

Jun 23, 2011 at 19:40 | Joao Peixe

Brazil’s state-controlled oil and gas giant Petrobras CEO Jose Sergio Gabrielli has confidently predicted that his country will shortly become the world's largest market for deep offshore oceanic hydrocarbon exploration…

U.S. Company to Begin Drilling in Cyprus Offshore Waters by Year End

U.S. Company to Begin Drilling in Cyprus Offshore Waters by Year End

Jun 23, 2011 at 19:18 | Charles Kennedy

U.S. company Noble Energy is to begin exploring Cyprus' offshore Mediterranean Exclusive Economic Zone (EEZ) by the end of this year. Addressing reporters after a meeting with President of the…

Russia, Norway to Begin Licensing Barents Sea Gray Zone in 2013

Russia, Norway to Begin Licensing Barents Sea Gray Zone in 2013

Jun 23, 2011 at 19:11 | Charles Kennedy

Russia’s Natural Resources Ministry reported that Russia and Norway will start issuing licenses to oil and gas fields in the so-called former Barents Sea “gray zone” in 2013-2014.The area…

Russia Still Committed to Nuclear Power

Russia Still Committed to Nuclear Power

Jun 22, 2011 at 21:34 | Charles Kennedy

Russian Prime Minister Vladimir Putin is paying a working visit to France, where scheduled talks in Paris include discussions with Prime Minister Francois Fillon. Putin met members of the Franco-Russian…

EPA Ups 2012 Biofuel Mandate to 15.2 Billion Gallons

EPA Ups 2012 Biofuel Mandate to 15.2 Billion Gallons

Jun 22, 2011 at 21:32 | Charles Kennedy

On Wednesday the Environmental Protection Agency proposed mandating the blending of 15.2 billion gallons of renewable fuel into the U.S. fuel supply, upping the proposed mandate for advanced biofuels by…

Sudan’s President Threatens to Shut Pipelines

Sudan’s President Threatens to Shut Pipelines

Jun 22, 2011 at 20:03 | Charles Kennedy

Sudanese president Omer Hassan al-Bashir has threatened to shut down the pipelines from the landlocked Southern Sudan to Port Sudan on the Red Sea unless a revenue sharing deal is…

A Chinese Specialist on Russia-China Energy Cooperation

A Chinese Specialist on Russia-China Energy Cooperation

Jun 22, 2011 at 19:42 | Joao Peixe

Over the past few years Russia-China energy cooperation has expanded greatly.East China Pedagogical University Russia Studies Center director Feng Shaolei enthusiastically noted, "Cooperation on pipelines with Russia Is a…

Australian Mining Software Company Expanding Into Kazakhstan

Australian Mining Software Company Expanding Into Kazakhstan

Jun 22, 2011 at 19:13 | Joao Peixe

Australia’s Gemcom Software International Inc., which provides mining software, is opening an office in Kazakhstan’s Almaty. Gemcom AustralAsia senior vice president Andrew Pyne said, "Gemcom has long been involved in…

Nigerian Government Grapples With Endemic Energy Shortages

Nigerian Government Grapples With Endemic Energy Shortages

Jun 21, 2011 at 22:07 | Charles Kennedy

Nigeria’s ongoing energy shortages have attracted promises from the federal government to address the issue. Nigerian President Goodluck Jonathan directly addressed the issue during the 27th convocation ceremony of the…

Russia Tests Aerial Spent Nuclear Fuel Transport Containers

Russia Tests Aerial Spent Nuclear Fuel Transport Containers

Jun 21, 2011 at 19:38 | Charles Kennedy

The Russian Federal Nuclear Center in Sarov has completed successful tests of the world's first aerial transport container for spent nuclear fuel from research reactors. The Russian Federal Nuclear Center…

Lebanon Protests Israeli-Cypriot Energy Agreement

Lebanon Protests Israeli-Cypriot Energy Agreement

Jun 21, 2011 at 18:31 | Charles Kennedy

Lebanon’s Minister of Foreign Affairs Adnan Mansour has sent an official letter of protest to UN Secretary General Ban Ki-moon expressing Lebanon's objection to a bilateral Israeli-Cypriot agreement delineating an…

International Energy Companies Move Into Mozambique

International Energy Companies Move Into Mozambique

Jun 21, 2011 at 16:10 | Joao Peixe

A joint consortium between Italian oil company Ente Nazionale Idrocarburi (ENI) and Portugal’s Galp-Energia expects to start exploring for oil and natural gas in Mocambique offshore Rovuma Basin off Cabo…

Russia Considers Importing Australian Uranium for Processing

Russia Considers Importing Australian Uranium for Processing

Jun 21, 2011 at 15:29 | Joao Peixe

Russia’s Rosatom atomic state corporation director-general Sergei Kirienko told reporters that he and Australian Safeguards and Non-Proliferation Office head Robert Floyd have exchanged letters that effectively constitute a memorandum of…

Analysts Worry Korean Energy Policies Might Backfire

Analysts Worry Korean Energy Policies Might Backfire

Jun 20, 2011 at 21:31 | Joao Peixe

Analysts warn that South Korea might face a diplomatic backlash from placing its top foreign policy focus on securing energy resources from developing nations. So far this year South Korea’s…

Russia Unlikely to Join the International Energy Agency Soon

Russia Unlikely to Join the International Energy Agency Soon

Jun 20, 2011 at 21:19 | Charles Kennedy

Gazprom head Aleksei Miller has said that its unlikely that Russia will join the International Energy Agency anytime soon. Speaking on the sidelines of the St Petersburg economic forum Miller…

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