• 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
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days If hydrogen is the answer, you're asking the wrong question
  • 14 hours How Far Have We Really Gotten With Alternative Energy
  • 11 days Biden's $2 trillion Plan for Insfrastructure and Jobs

Breaking News:

Oil Prices Gain 2% on Tightening Supply

News

Analyst: Istanbul Attack Precursor To ISIS Strike On Saudi Oil

Analyst: Istanbul Attack Precursor To ISIS Strike On Saudi Oil

Jan 03, 2017 at 16:02 | Tsvetana Paraskova

ISIS has claimed responsibility for the shooting in a nightclub in Istanbul on New Year’s Eve, in which a gunman – who is still at large – killed 39…

Energy Prices Rise More Than Other Commodities In 2016

Energy Prices Rise More Than Other Commodities In 2016

Jan 03, 2017 at 15:49 | Tsvetana Paraskova

Supported by higher U.S. gasoline consumption, record U.S. gasoline exports, and an increase in oil prices at the end of 2016, energy commodity prices rose more than any other major…

As OPEC Cuts Take Effect, South Sudan Plans Output Increase

As OPEC Cuts Take Effect, South Sudan Plans Output Increase

Jan 03, 2017 at 15:39 | Charles Kennedy

War-torn South Sudan says it will increase oil production on the heels of an OPEC deal that promises to push global oil prices upwards for the time being. According to…

Libya Close To 700,000 Bpd In Daily Oil Output

Libya Close To 700,000 Bpd In Daily Oil Output

Jan 03, 2017 at 15:30 | Irina Slav

Libya’s National Oil Corporation has announced the country’s crude oil output has hit 685,000 barrels per day as of the start of January. The increase was made possible by…

Offshore Vessels Provider Sees ‘Clear Signs’ Of Improving Market

Offshore Vessels Provider Sees ‘Clear Signs’ Of Improving Market

Jan 03, 2017 at 14:02 | Tsvetana Paraskova

The oil price slump that started in 2014 has affected the business of drillers and other service providers as companies slashed exploration spending, but offshore vessel providers say recovery signs…

Venezuela Starts 95,000 Bpd Production Cut As Part Of OPEC Deal

Venezuela Starts 95,000 Bpd Production Cut As Part Of OPEC Deal

Jan 03, 2017 at 11:52 | Tsvetana Paraskova

Venezuela - one of the staunchest supporters and promoters of OPEC’s oil production cuts - has said it would start reducing supply by 95,000 bpd beginning January 1, complying…

36 Killed In IS Attack In Baghdad, More Attacks On The Way

36 Killed In IS Attack In Baghdad, More Attacks On The Way

Jan 03, 2017 at 11:31 | Irina Slav

An Islamic State suicide bomber killed 36 in a Baghdad market on Monday, just hours after the arrival in Iraq’s capital of French President Francois Hollande. According to…

Iran Picks 29 Foreign Companies To Bid In Oil, Gas Tenders

Iran Picks 29 Foreign Companies To Bid In Oil, Gas Tenders

Jan 03, 2017 at 08:23 | Irina Slav

The National Iranian Oil Company has issued a list of 29 companies that have qualified for bidding in oil and gas tenders, of whom only one is a U.S.…

Electric Car Sales Set To Explode In Dubai

Electric Car Sales Set To Explode In Dubai

Jan 02, 2017 at 12:25 | Oxford Business Group

Sales of greener vehicles in Dubai look set to rise in the coming years as the government steps up its bid to reduce the emirate’s carbon footprint. The introduction of…

Kenya To Make Electricity Available For 100 Percent Of Its Population

Kenya To Make Electricity Available For 100 Percent Of Its Population

Jan 02, 2017 at 12:15 | Oxford Business Group

A national drive to provide 100 percent of Kenya’s population with electricity by 2020 and reduce load losses is gaining momentum, steered by a multi-billion-dollar project pipeline. Supplying hard-to-reach…

The South American Nation Seeing An Oil And Gold Breakout

The South American Nation Seeing An Oil And Gold Breakout

Jan 02, 2017 at 10:31 | Dave Forest

Big resource developments from a tiny and unexpected nation this week. Where both the mining and energy sectors are, incredibly, taking off at the same time. That’s Guyana — a…

China To Lower Export Quotas For Majors By 40 Percent

China To Lower Export Quotas For Majors By 40 Percent

Dec 30, 2016 at 14:48 | Oil & Gas 360

Larger quotas expected later in 2017 China will cut its export quotas to the country’s oil majors by 40 percent in the first round of licenses for 2017, reports…

Exxon’s 2040 Outlook: Fossil Fuels Aren’t Going Anywhere

Exxon’s 2040 Outlook: Fossil Fuels Aren’t Going Anywhere

Dec 30, 2016 at 14:12 | Oil & Gas 360

Gas, Nuclear, and Renewables Will Grow the Most, in that Order The global energy mix will not look that much different for oil and gas in 2040, according to Exxon…

Turkmenistan Signs Last-Minute Gas Deal With Iran

Turkmenistan Signs Last-Minute Gas Deal With Iran

Dec 30, 2016 at 11:30 | Eurasianet

Turkmenistan has managed to avert the loss of one of its only two buyers of natural gas with some desperate, last-gasp negotiations. Iran’s Mehr news agency reported on December 30…

This $4.3 Billion Warning Sign Is Flashing In China’s Coal Business

This $4.3 Billion Warning Sign Is Flashing In China’s Coal Business

Dec 30, 2016 at 10:41 | Dave Forest

Coal has been one of the big stories of 2016. With this beat-down market taking flight during the last half of the year — lifting stocks of major producers like…

Oil & Gas IPO’s To Spike in 2017

Oil & Gas IPO’s To Spike in 2017

Dec 29, 2016 at 12:05 | Charles Kennedy

2017 could be a banner year for oil and gas companies who are looking for fresh equity. According to Tudor Pickering Holt & Co., as many as 40 oil and…

Can Chinese Crude Demand Continue To Grow In 2017?

Can Chinese Crude Demand Continue To Grow In 2017?

Dec 29, 2016 at 12:01 | Tom Kool

The OPEC deal might have revived oil prices for now, but a combination of elevated inventories and the threat of lower demand growth in China in 2017 could come back…

China’s Largest Oilfield To Cut Capex By 20% In 2017

China’s Largest Oilfield To Cut Capex By 20% In 2017

Dec 29, 2016 at 10:35 | Josh Owens

PetroChina has reported plans to cut capital spending at China’s largest oilfield by 20 percent in 2017. In its statement the oil major claimed that, despite the decrease in…

Contract Negotiations Threaten To Derail The World’s Largest Copper Mine

Contract Negotiations Threaten To Derail The World’s Largest Copper Mine

Dec 29, 2016 at 10:34 | Dave Forest

It’s contract negotiation season in the world’s largest copper-producing nation, Chile. And news this week suggests that the country’s biggest mining operation may be headed for some tense discussions with…

Oil Falls After API Reports The Biggest Crude Inventory Build In 6 Weeks

Oil Falls After API Reports The Biggest Crude Inventory Build In 6 Weeks

Dec 28, 2016 at 16:05 | Tom Kool

Oil prices fell on Wednesday after having to 18-month highs as oil markets are anticipating OPEC cuts that are expected to be made starting January 1 next year. The American…

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