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

News

Iraq To Offer Oil Fields Directly To Foreign Firms

Iraq To Offer Oil Fields Directly To Foreign Firms

Oct 24, 2016 at 17:32 | Erwin Cifuentes

The Iraqi oil ministry will negotiate directly with international oil companies (IOCs) and consortiums in the upcoming bidding of a dozen small- to medium-sized fields located in the provinces of…

Egypt Wants Inquiry Into Suspended Saudi Oil Shipments

Egypt Wants Inquiry Into Suspended Saudi Oil Shipments

Oct 24, 2016 at 17:18 | Lincoln Brown

The Energy Committee of the Egyptian Parliament plans to contact its Ministry of Petroleum to get to the bottom of why the petroleum shipment from Aramco was suspended earlier this…

Uganda Reportedly In Talks Over $4B Refinery With Dubious Firm

Uganda Reportedly In Talks Over $4B Refinery With Dubious Firm

Oct 24, 2016 at 17:09 | Tsvetana Paraskova

Uganda’s ministry of energy has invited for talks a dubious company registered in a tax haven to discuss the construction of a US$4-billion, 30,000-bpd crude oil refinery in the…

Angola Was China’s Largest Foreign Crude Supplier In September

Angola Was China’s Largest Foreign Crude Supplier In September

Oct 24, 2016 at 16:04 | Tsvetana Paraskova

Angola overtook Russia as China’s biggest oil supplier last month, exporting 1.02 million barrels per day to the Asian country, up by 45.8 percent on the year, Reuters reported…

India Raises Refinery Output By 9% In September

India Raises Refinery Output By 9% In September

Oct 24, 2016 at 11:19 | Irina Slav

Monsoon torrents and regional civil disturbances did not affect India’s hunger for fuels last month, with local refineries processing 4.82 million barrels per day, up 9.27 percent on the…

Iceland Geothermal Project To Prove Viability Of “Magma-Enhanced” Wells

Iceland Geothermal Project To Prove Viability Of “Magma-Enhanced” Wells

Oct 24, 2016 at 09:18 | Zainab Calcuttawala

By the end of the year, the Iceland Deep Drilling Project (IDDP) will create the hottest hole in the world to extract geothermal energy from magma flows in Reykjanes, according…

Greece to Repay Oil Debt To Iran In Two Years

Greece to Repay Oil Debt To Iran In Two Years

Oct 21, 2016 at 15:50 | Tsvetana Paraskova

Greece will repay all its oil debts to Iran under a two-year instalment plan, Iran’s Mehr News Agency reported on Friday, quoting deputy oil minister for international affairs, Amir…

Oil-Rich Kirkuk Attacked Before Dawn As Mosul Offensive Continues

Oil-Rich Kirkuk Attacked Before Dawn As Mosul Offensive Continues

Oct 21, 2016 at 13:55 | Zainab Calcuttawala

The Islamic State began attacks on the oil-rich Iraqi province of Kirkuk on Friday, causing the deaths of 10 employees working at a power station in the town of Dubis,…

Schlumberger Q3 Report Signals U.S. Drilling May Be On the Upswing

Schlumberger Q3 Report Signals U.S. Drilling May Be On the Upswing

Oct 21, 2016 at 11:57 | Tsvetana Paraskova

A quarter after Schlumberger (NYSE:SLB) called the bottom of the oil industry’s downturn, the oilfield services major reported third-quarter earnings that beat estimates by a narrow margin, saying…

Shell Divests $1B Canadian Oil Assets

Shell Divests $1B Canadian Oil Assets

Oct 21, 2016 at 11:00 | Irina Slav

Shell has struck a deal with Canadian Tourmaline Oil Corp for the sale of oil and gas acreage worth over US$1 billion, as part of its US$30-billion divestment plan.…

Saudi Arabian Debt Issue Eases Fears About Kingdom’s Budget Issues

Saudi Arabian Debt Issue Eases Fears About Kingdom’s Budget Issues

Oct 20, 2016 at 17:59 | Zainab Calcuttawala

Saudi Arabian debt is becoming cheaper to insure as the kingdom’s massive $17.5 billion bond issue turns one day old, according to a new report by Reuters. The drop…

Nigerian Military Moves Against Militants In The Niger Delta

Nigerian Military Moves Against Militants In The Niger Delta

Oct 20, 2016 at 17:34 | Lincoln Brown

In the wake of negotiations and strikes by militants against oil companies and their infrastructure in the Niger Delta region, The Nigerian Navy has made a significant move towards…

Libya Plans To Export Cargo From Damaged Es Sider Port In November

Libya Plans To Export Cargo From Damaged Es Sider Port In November

Oct 20, 2016 at 16:47 | Zainab Calcuttawala

Libya’s National Oil Corporation will export oil cargo stored at the Es Sider port during the first week of November, according to a new report by S&P Global Platts…

Syrian Army Repels ISIS Attacks On Two Oil Fields

Syrian Army Repels ISIS Attacks On Two Oil Fields

Oct 20, 2016 at 13:57 | Tsvetana Paraskova

Syria’s army and its allies have repelled ISIS terrorist attacks at two oilfields in the oil-rich Homs area, Tehran-based Fars News Agency reported on Thursday, quoting a military source.…

One Of Venezuela’s Richest Men Invests $1B In State Oil Field

One Of Venezuela’s Richest Men Invests $1B In State Oil Field

Oct 20, 2016 at 13:24 | Tsvetana Paraskova

Oswaldo Cisneros, a billionaire Venezuelan businessman on friendly terms with the Socialist regime, is pouring in US$1 billion in a joint venture with state-held PDVSA, as the government is trying…

Oil Major Backs Away from Yemen, Citing Security Concerns

Oil Major Backs Away from Yemen, Citing Security Concerns

Oct 20, 2016 at 12:26 | Irina Slav

Austrian energy major OMV said it has no plans to restart oil production in Yemen, despite a three-day ceasefire in the country. The situation there remains too volatile, OMV

Despite Higher Oil Prices, Economists Lower Gulf GDP Growth Forecast, Again

Despite Higher Oil Prices, Economists Lower Gulf GDP Growth Forecast, Again

Oct 20, 2016 at 10:54 | Tsvetana Paraskova

Although oil prices have risen from the lows they hit in the first quarter, economists are cutting again their GDP growth forecasts for the biggest Arab Gulf states for this…

Tesla Just Started Mass-Producing Self-Driving Cars

Tesla Just Started Mass-Producing Self-Driving Cars

Oct 20, 2016 at 10:03 | Irina Slav

The breaking news from Tesla is in: all cars manufactured at the company’s factory in California as of October 19 will be equipped with a full self-driving system. The…

The First U.S. Nuclear Plant In 20 Years Goes Online

The First U.S. Nuclear Plant In 20 Years Goes Online

Oct 19, 2016 at 17:13 | Zainab Calcuttawala

Roughly 650,000 homes in Tennessee will be powered by the first nuclear power generator to enter into commercial operation in the United States in 20 years, according to a new…

Terrorists Recruit Petro Engineers And Oil Experts

Terrorists Recruit Petro Engineers And Oil Experts

Oct 19, 2016 at 16:53 | Zainab Calcuttawala

Unspecified terrorist groups have been caught attempting to recruit university-level students from the Commonwealth of Independent States (CIS)—including up and coming petroleum engineers and energy analysts, according to the head…

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