• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 hours Reality catching up with EV forecasts
  • 8 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 2 days 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 7 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 13 days The Federal Reserve and Money...Aspects which are not widely known

Breaking News:

Fitch Expects $95 Oil In 2023

News

Pakistan Looks to Qatar for Help with Energy Crisis

Pakistan Looks to Qatar for Help with Energy Crisis

Feb 07, 2012 at 12:29 | James Burgess

87,000 Pakistanis currently work in the Arab kingdom of Qatar, contributing to its growing economy. On Monday, in an attempt to further strengthen the two countries relations, the Pakistani Prime…

Natural Gas Analysis for the Week of February 6, 2012

Natural Gas Analysis for the Week of February 6, 2012

Feb 07, 2012 at 07:50 | FX Empire

March Natural Gas “followed-through” to the upside last week after the previous week’s closing price reversal bottom if you consider a .0060 move through the previous high a follow-through rally.…

Saudi Aramco to Spend $200 Billion on Oil & Gas Investments Over the Next Decade

Saudi Aramco to Spend $200 Billion on Oil & Gas Investments Over the Next Decade

Feb 03, 2012 at 12:27 | Charles Kennedy

Saudi Aramco, the largest crude oil exporter in the world is to expand its refining capacity and increase its oil and gas exploration activities. The company has a $200 billion…

Nepal and Bangladesh to Establish Joint Venture 3,000 Megawatt Power Plant

Nepal and Bangladesh to Establish Joint Venture 3,000 Megawatt Power Plant

Feb 02, 2012 at 20:27 | John Daly

There is a tendency when considering massive power projects in the Third World to view them as ventures in which the host countries lack expertise, capital, or both, necessitating outside…

What is the Real Unemployment Rate?

What is the Real Unemployment Rate?

Feb 02, 2012 at 11:05 | Editorial Dept

Similar variations of this adjusted unemployment rate make headlines now and again. Our colleague Ed Luce, for instance, noted in December that “if the same number of people were seeking…

World's Largest Rare Earth Metal Refinery to Open in Malaysia

World's Largest Rare Earth Metal Refinery to Open in Malaysia

Feb 02, 2012 at 08:14 | James Burgess

China holds a global monopoly of rare earth metal, vital to smart phones, wind turbines, electric vehicles and many other components of the modern world. During a territorial dispute in…

GE to Build 150 MW Wind Farm in Kenya

GE to Build 150 MW Wind Farm in Kenya

Feb 02, 2012 at 08:13 | James Burgess

Kenya’s rapid economic growth is is causing its electricity demand to grow at about 14% per year. The country is heavily reliant on fossil fuel imports, but wants to develop…

Scientists Worried by the Rush to Develop Arctic Oil and Gas Resources

Scientists Worried by the Rush to Develop Arctic Oil and Gas Resources

Feb 02, 2012 at 08:11 | James Burgess

The Arctic is a goldmine of untapped resources. According to a 2008 estimate by the US Geological Survey it boasts 90 billion barrels of oil (13% of the world’s recoverable…

Azerbaijan in No Position to Capitalize on Proposed Iranian Oil Sanctions

Azerbaijan in No Position to Capitalize on Proposed Iranian Oil Sanctions

Feb 02, 2012 at 08:09 | Shahin Abbasov

Energy-rich Azerbaijan appears to be quietly backing the idea of tightened international sanctions against its southern neighbour, Iran. But it seems that Baku won’t profit from a potential European Union…

€169 Billion: The Cost of Industrial Air Pollution to Europe in 2009

€169 Billion: The Cost of Industrial Air Pollution to Europe in 2009

Feb 01, 2012 at 13:38 | James Burgess

The financial costs of air pollution and global warming is not often reported by mainstream media stations, but maybe we should be made more aware of them, as a 2011…

Exxon Mobil Sells Japanese Refining Company for $3.9 Billion

Exxon Mobil Sells Japanese Refining Company for $3.9 Billion

Feb 01, 2012 at 11:26 | James Burgess

Due to tight rules for petroleum fuels in developed countries, demand growth is expected to decrease. The margins are also small, and as a result many of the oil majors…

Turkey Take Iran to International Arbitration Over High Gas Prices

Turkey Take Iran to International Arbitration Over High Gas Prices

Feb 01, 2012 at 11:24 | James Burgess

In 2009 the ICC had to resolve a dispute between Turkey and Iran over gas supplies, and Turkey was awarded $800 million compensation related to gas purchases from Iran. Now…

Qatar to Spend $25 Billion on Petrochemical Development

Qatar to Spend $25 Billion on Petrochemical Development

Jan 31, 2012 at 13:34 | James Burgess

Qatar has grown to become the world’s largest liquefied natural gas (LNG) exporter over the last decade, and has now announced plans to spend $25 billion on the expansion of…

Industry Experts Say Iranian Oil Sanctions Will not Affect Supply

Industry Experts Say Iranian Oil Sanctions Will not Affect Supply

Jan 31, 2012 at 13:33 | James Burgess

Fears that Western sanctions against Iran over its nuclear program will cause a deficit in oil supply compared to demand are apparently unnecessary as senior oil executives, traders and strategists…

China’s Demands for Release of Workers Held by Rebels in Sudan Fall on Deaf Ears

China’s Demands for Release of Workers Held by Rebels in Sudan Fall on Deaf Ears

Jan 31, 2012 at 13:29 | James Burgess

The Chinese government may be accustomed to bullying its own people or small neighbouring countries, but it is finding that the rest of the world are less easily cowed by…

Saudi Arabia Promises to Cover Shortages in World Oil Supply

Saudi Arabia Promises to Cover Shortages in World Oil Supply

Jan 30, 2012 at 17:24 | James Burgess

The escalating problems with Iran threatening to disrupt world oil supply, an event that could prove decidedly deadly to the many economies trying to recover from recent recessions. Current economies…

Siemens Secures First Wind Turbine Order in Africa

Siemens Secures First Wind Turbine Order in Africa

Jan 30, 2012 at 17:09 | James Burgess

As part of its globalisation strategy Siemens Energy has announced that it will establish three regional Wind Power Business Units for EMEA (Europe, Middle East and Africa), The Americas and…

Natural Gas Market Forecast for the Week of January 30, 2012

Natural Gas Market Forecast for the Week of January 30, 2012

Jan 29, 2012 at 19:49 | FX Empire

March Natural Gas formed a dramatic closing price reversal bottom last week, setting up the market for a 2 to 3 week rally equal to at least 50 percent of…

Iran to take Action Against the West by Banning Oil Exports to the EU?

Iran to take Action Against the West by Banning Oil Exports to the EU?

Jan 27, 2012 at 17:51 | James Burgess

Following the recent agreement by the EU to impose trade sanctions against Iran the Iranian parliament will debate a law that could halt all oil exports to the continent. "On…

Transmission Line Under the Mediterranean to Supply Italy with Clean Power

Transmission Line Under the Mediterranean to Supply Italy with Clean Power

Jan 27, 2012 at 17:48 | James Burgess

It seems that more and more large, renewable energy projects are being announced each day. The most recent is a giant solar power plant that will be built by Top…

ADVERTISEMENT

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