• 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
  • 4 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
  • 18 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.

News

Iraq Reduces Exports From Basra Terminal

Iraq Reduces Exports From Basra Terminal

Feb 13, 2017 at 11:58 | Irina Slav

Iraq will reduce the amount of crude oil it exports via its largest port terminal in Basra to 3.013 million bpd next month, according to loading data seen by…

Aramco Strikes Oil Delivery Deal With Chinese Refiner

Aramco Strikes Oil Delivery Deal With Chinese Refiner

Feb 13, 2017 at 09:39 | Irina Slav

Saudi Aramco will deliver crude oil to Chinese refiner Huajin Chemical Industries under a new deal—a first for the two companies, sources in the know told Reuters. Aramco will…

IEA Tracks 40 Percent Compliance Rate For Non-OPEC Deal Participants

IEA Tracks 40 Percent Compliance Rate For Non-OPEC Deal Participants

Feb 10, 2017 at 16:38 | Zainab Calcuttawala

Two anonymous OPEC sources say that eleven of the non-OPEC nations that are part of the oil output reduction deal struck at the end of November have only made 40…

Nigerian Vice President Visits Niger Delta To Restart Peace Talks

Nigerian Vice President Visits Niger Delta To Restart Peace Talks

Feb 10, 2017 at 16:27 | Zainab Calcuttawala

Nigerian Vice President Yemi Osinbajo visited the Niger Delta on Friday in a move that could bring peace to the oil-producing region after almost a year of militant and separatist…

South Korean KOGAS May Buy Into U.S. Shale Gas

South Korean KOGAS May Buy Into U.S. Shale Gas

Feb 10, 2017 at 16:09 | Tsvetana Paraskova

One of the world’s leading LNG buyers, Korea Gas Corp (KOGAS), may be interested in taking part in U.S. shale gas projects as leverage against potential trade pressure from the…

Russia To Raise Urals Crude Exports While Cutting Output With OPEC

Russia To Raise Urals Crude Exports While Cutting Output With OPEC

Feb 10, 2017 at 15:41 | Tsvetana Paraskova

While Russia is saying that it would undertake its share of promised oil production cuts, it is also saying it will be increasing its Urals crude oil exports in the…

Israel Puts Off License Award In First Offshore Oil, Gas Bid Round

Israel Puts Off License Award In First Offshore Oil, Gas Bid Round

Feb 10, 2017 at 15:26 | Tsvetana Paraskova

Israel has extended the original deadlines for each step of its first offshore oil and gas bid round launched last November, Energy Minister Yuval Steiniz said on Thursday. Under…

Cuba Eager to Develop Offshore Oil Reserves

Cuba Eager to Develop Offshore Oil Reserves

Feb 10, 2017 at 12:19 | Irina Slav

Cuba is seeking foreign investments in its oil industry, with a particular focus on offshore drilling, a senior government official said this week. At the moment, about 50 percent of…

Yergin: Expects U.S. Oil Output Will Jump By 500,000 Bpd

Yergin: Expects U.S. Oil Output Will Jump By 500,000 Bpd

Feb 10, 2017 at 11:56 | Irina Slav

Daniel Yergin, the oil analyst vet, told CNBC he expected U.S. crude oil production to increase by more than half a million barrels this year, revising an earlier forecast…

Leaked Memo Sees Oil And Gas Sector As Low Priority For Brexit

Leaked Memo Sees Oil And Gas Sector As Low Priority For Brexit

Feb 10, 2017 at 11:03 | City A.M

A leaked government document reveals securing the future of the steel and oil and gas sectors will be a low priority during Brexit negotiations. Officials have divided British industries into…

50 Tankers Idle In Singapore, UAE Ports

50 Tankers Idle In Singapore, UAE Ports

Feb 10, 2017 at 10:06 | Irina Slav

Around 50 oil product tankers are idling at the ports of Singapore and Fujairah, in the UAE, on the back of a slowdown in trade and an influx of new…

UK To Review Financial Regulations For Energy Suppliers

UK To Review Financial Regulations For Energy Suppliers

Feb 09, 2017 at 17:30 | Tsvetana Paraskova

The UK’s energy market regulator Ofgem will be reassessing later this year whether domestic energy suppliers should meet stricter financial requirements, both before and after being awarded supply licenses, the…

Tesla Set To Start Test-Building Model 3 On February 20

Tesla Set To Start Test-Building Model 3 On February 20

Feb 09, 2017 at 16:53 | Tsvetana Paraskova

Tesla Inc (NASDAQ:TSLA) plans to launch test-building of its highly-anticipated Model 3 on February 20, Reuters reported on Thursday, citing sources familiar with the matter. Tesla…

ETP: Three Months Till DAPL Goes Online

ETP: Three Months Till DAPL Goes Online

Feb 09, 2017 at 16:33 | Zainab Calcuttawala

The Dakota Access pipeline will be operational in three months’ time, according to a spokesperson from Energy Transfer Partners (ETP), who added that construction on the line had begun…

PDVSA’s Latest Misery: Delays In Oil-For-Loan Deals With Russia, China

PDVSA’s Latest Misery: Delays In Oil-For-Loan Deals With Russia, China

Feb 09, 2017 at 16:19 | Tsvetana Paraskova

Venezuela’s state-held oil company PDVSA – which has been barely avoiding default recently – is months behind on shipping crude oil and fuel to China and Russia under oil-for-loan agreements…

BHP Billiton Greenlights $2.2B Investment In Deepwater Gulf Of Mexico

BHP Billiton Greenlights $2.2B Investment In Deepwater Gulf Of Mexico

Feb 09, 2017 at 11:35 | Tsvetana Paraskova

BHP Billiton said on Thursday that it had approved spending US$2.2 billion of its share of development of BP-operated Mad Dog Phase 2 deepwater project in the Gulf of…

Total Waits For Iran Sanctions Waiver To Decide On $2B Investment

Total Waits For Iran Sanctions Waiver To Decide On $2B Investment

Feb 09, 2017 at 10:58 | Irina Slav

French Total is waiting for an extension of the waiver on U.S. sanctions against Iran before it makes the final decision on a US$2.2-billion investment in a gas project in…

Norway Slowly Recovers From Oil Price Slump

Norway Slowly Recovers From Oil Price Slump

Feb 09, 2017 at 09:56 | Irina Slav

Norway’s economy has started to recover from the blow dealt by the oil price slump, but things are improving slowly, according to the latest data from the country’s statistics agency.…

Toronto Launches Bid To Bring Saudi Aramco IPO To Canada

Toronto Launches Bid To Bring Saudi Aramco IPO To Canada

Feb 08, 2017 at 17:15 | Zainab Calcuttawala

A new bid by the Toronto Stock Exchange for a partial share of Saudi Aramco listing could bring the largest IPO on Earth to Canada, according to a new report…

Brent Crude Namesake Oilfield Moves Toward Total Decommissioning

Brent Crude Namesake Oilfield Moves Toward Total Decommissioning

Feb 08, 2017 at 17:01 | Damir Kaletovic

Shell applied on Wednesday to begin decommissioning the entire Brent oilfield—the namesake of ‘Brent crude’--in the North Sea, in a project that could take up to a decade to complete.…

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