• 4 minutes Tariffs to derail $83.7 Billion Chinese Investment in West Virginia
  • 9 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 17 minutes Kaplan Says Rising Oil Prices Won't Hurt US Economy
  • 1 hour Could Venezuela become a net oil importer?
  • 51 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 2 hours Tesla Closing a Dozen Solar Facilities in Nine States
  • 4 hours Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 3 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 1 hour Why is permian oil "locked in" when refineries abound?
  • 24 mins Oil prices going down
  • 45 mins Could oil demand collapse rapidly? Yup, sure could.
  • 16 hours Teapots Cut U.S. Oil Shipments
  • 17 hours Hot line, Macron: Phone Calls With Trump Are Like Sausages Best Not To Know What Is Inside
  • 12 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 4 hours China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 7 hours Saudi Arabia turns to solar
  • 14 mins Gazprom Exports to EU Hit Record
  • 17 hours Putin Says 'Fierce' U.S. Politics Hindering Summit With Trump
  • 6 hours EVs Could Help Coal Demand
Oil Demand Growth Could Start To Soften Soon

Oil Demand Growth Could Start To Soften Soon

Non-OECD markets are one of…

Uncertainty Looms Large Over Latin American Oil

Uncertainty Looms Large Over Latin American Oil

While Venezuela is grabbing a…

Oil Markets Turn Bearish Ahead Of OPEC Meeting

Oil Markets Turn Bearish Ahead Of OPEC Meeting

Oil prices fell on Tuesday…

News

Not All Foreign Companies Eager To Leave Iran

Not All Foreign Companies Eager To Leave Iran

Jun 11, 2018 at 09:47 | Irina Slav

Amid a growing number of companies preparing to leave Iran as U.S. sanctions kick in, one international oil and gas consortium has announced it will stay in the country. Pergas…

OPEC Set To Reject Iran’s Plea For U.S. Sanctions Discussion

OPEC Set To Reject Iran’s Plea For U.S. Sanctions Discussion

Jun 08, 2018 at 16:52 | Tsvetana Paraskova

OPEC will probably reject Iran’s request to put the U.S. sanctions against Tehran up for discussion at the cartel’s official meeting later this month, a source familiar with the issue…

Scientists Find Cheap Way To Suck Air And Make It Into Fuel

Scientists Find Cheap Way To Suck Air And Make It Into Fuel

Jun 08, 2018 at 16:44 | Tsvetana Paraskova

A Canadian clean energy company and its founder who is a Harvard Professor say that they have developed an affordable way to capture carbon dioxide (CO2) from the atmosphere…

Equinor Strikes Oil In Wildcat Well In The North Sea

Equinor Strikes Oil In Wildcat Well In The North Sea

Jun 08, 2018 at 14:15 | Tsvetana Paraskova

Equinor has struck oil in a wildcat well drilled in the central part of the North Sea, in an area not previously known to contain oil and gas reserves, the…

China’s Crude Oil Imports In May Ease From All-Time High

China’s Crude Oil Imports In May Ease From All-Time High

Jun 08, 2018 at 14:01 | Tsvetana Paraskova

China’s crude oil imports dropped in May from the record-high in April, as some major refineries started planned maintenance and as China ordered some independent refiners to reduce operating rates…

White House Allocates $4M For Alaska Oil Drilling Preps

White House Allocates $4M For Alaska Oil Drilling Preps

Jun 08, 2018 at 12:16 | Irina Slav

The Trump administration has allocated US$4 million for construction work ahead of the start of oil and gas drilling in the Arctic National Wildlife Refuge, the Department of the…

White House Allocates $4M For Alaska Oil Drilling Preps

White House Allocates $4M For Alaska Oil Drilling Preps

Jun 08, 2018 at 12:16 | Irina Slav

The Trump administration has allocated US$4 million for construction work ahead of the start of oil and gas drilling in the Arctic National Wildlife Refuge, the Department of the…

Sudan, South Sudan To Jointly Repair Oil Infrastructure

Sudan, South Sudan To Jointly Repair Oil Infrastructure

Jun 08, 2018 at 11:43 | Irina Slav

Sudan and South Sudan have agreed to jointly repair oil infrastructure that was damaged during the bloody civil war that resulted in the split in 2011, Reuters reports, citing…

Equinor Sees Peak Oil Demand Around 2030

Equinor Sees Peak Oil Demand Around 2030

Jun 08, 2018 at 09:14 | Tsvetana Paraskova

Peak oil demand could come around 2030 at 111 million bpd in the current market as road transport electrification and efficiency gains in all sectors offsets increasing petrochemical and aviation…

Big Oil Bets Big On Brazil’s Pre-Salt In Latest Offshore Auction

Big Oil Bets Big On Brazil’s Pre-Salt In Latest Offshore Auction

Jun 07, 2018 at 17:36 | Tsvetana Paraskova

Some of the world’s biggest oil companies bid aggressively in Brazil’s latest offshore bid round on Thursday, snapping up acreage in three blocks in the coveted pre-salt layer, despite…

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