• 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
  • 54 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days The United States produced more crude oil than any nation, at any time.
  • 10 days e-truck insanity
  • 5 days How Far Have We Really Gotten With Alternative Energy
  • 9 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 8 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 10 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 10 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 13 days Bankruptcy in the Industry

News

Chinese Oil Major Sees Itself Forced To Shut Down Oil Fields

Chinese Oil Major Sees Itself Forced To Shut Down Oil Fields

Feb 17, 2016 at 13:03 | James Burgess

China’s oil major Sinopec has responded to the disappointing results of yesterday’s Doha meeting by announcing the temporary closure of four oil fields that have been in production for…

Lukoil Eyes Stake in Russian State-Owned Bashneft

Lukoil Eyes Stake in Russian State-Owned Bashneft

Feb 17, 2016 at 11:43 | James Burgess

As privatization talk heats up in Russia, the country’s Federal Antimonopoly Service indicated today that it may approve the purchase of a stake in state-owned Bashneft by Russia’s second-largest…

Iraqi Kurdistan Forced To Accept Baghdad’s Oil-for-Salaries Deal?

Iraqi Kurdistan Forced To Accept Baghdad’s Oil-for-Salaries Deal?

Feb 17, 2016 at 10:09 | Charles Kennedy

Under domestic financial pressure, the Kurdistan Regional Government (KRG) in northern Iraq has accepted a deal from Baghdad that would have the Kurds halt unilateral oil exports and in return…

Tehran Gives Cold Shoulder To OPEC On Oil Output Freeze

Tehran Gives Cold Shoulder To OPEC On Oil Output Freeze

Feb 17, 2016 at 09:58 | James Burgess

Iran has categorically rejected the Doha proposal by four of the world’s largest producers to freeze output at January levels, ensuring that the gains oil made this morning will be…

Militants Blow Up Colombian Pipeline, Disrupt Up To 85.000 Bpd

Militants Blow Up Colombian Pipeline, Disrupt Up To 85.000 Bpd

Feb 17, 2016 at 09:35 | Charles Kennedy

Militants from the National Liberation Army (ELN) blew up a section of Colombia’s Transandino pipeline overnight Monday, killing two policemen right before the incident. The Transandino pipeline, owned and operated…

U.S. LNG Set To Hit Global Market

U.S. LNG Set To Hit Global Market

Feb 16, 2016 at 16:46 | Dex Dunford

American liquefied natural gas is poised for a monumental breakthrough into international markets. For an economy struggling with the realities of low crude prices, U.S. LNG…

Gazprom Re-Elects CEO Alexei Miller for Fourth Term

Gazprom Re-Elects CEO Alexei Miller for Fourth Term

Feb 16, 2016 at 16:35 | Charles Kennedy

Russia’s Gazprom today announced that its Board of Directors has re-elected current CEO Alexei Miller, effective May 31, 2016. The appointment will be Miller’s fourth five-year term, ending his chairmanship…

Libyan Fighter Jet Downed by Militants Near Benghazi

Libyan Fighter Jet Downed by Militants Near Benghazi

Feb 16, 2016 at 16:17 | James Burgess

The military behind Libya’s internationally recognized government—one of two parallel governments currently at war with each other—has reported that another MiG-23 fighter jet has been shot down during air strikes…

Successful Flow-Test Confirms Gatwick’s Oil Potential

Successful Flow-Test Confirms Gatwick’s Oil Potential

Feb 16, 2016 at 13:56 | James Burgess

After capturing headlines with news of a 100-billion-barrel discovery late last year, the first successful flow-test at the Horse Hill well near the UK’s Gatwick airport confirms the potential for…

Nigeria To Send Troops To Protect Niger Delta Oil Assets

Nigeria To Send Troops To Protect Niger Delta Oil Assets

Feb 16, 2016 at 13:36 | Charles Kennedy

In the wake of a series of attacks on Niger Delta oil installations and an increase in oil theft in recent weeks, Nigerian President Muhammadu Buhari has announced that…

Brazil’s Petrobras To Sell All Electricity Assets

Brazil’s Petrobras To Sell All Electricity Assets

Feb 16, 2016 at 13:22 | James Burgess

Reeling from debt and a massive corruption scandal, Brazil’s state-owned oil giant, Petrobras, is divesting all of its electricity sector assets as part of its move to refocus on oil…

Cyprus To Offer 12 Blocks In Third Offshore Licensing Round

Cyprus To Offer 12 Blocks In Third Offshore Licensing Round

Feb 16, 2016 at 13:11 | Charles Kennedy

The authorities of Cyprus have announced their third offshore licensing round for oil and gas exploration in the Exclusive Economic Zone (EEZ), with 12 blocks up for grabs not…

Another Myanmar Gas Find for Daewoo, Woodside

Another Myanmar Gas Find for Daewoo, Woodside

Feb 16, 2016 at 10:14 | James Burgess

Daewoo International and Australia-based Woodside Energy have made a second gas discovery in the Bay of Bengal, offshore Myanmar’s west coast of Myanmar. The discovery…

Iran Looking At Africa To Expand Oil, Refined Products Exports

Iran Looking At Africa To Expand Oil, Refined Products Exports

Feb 16, 2016 at 10:00 | Charles Kennedy

Iranian officials are touting soaring volumes of exports of oil products, announcing today that the first exports of gas oil products—fuel oil distilled from petroleum--are heading to African countries. Iran…

Statoil, BP Ramp Up Natural Gas Production In Algeria

Statoil, BP Ramp Up Natural Gas Production In Algeria

Feb 16, 2016 at 09:43 | James Burgess

British BP and Norwegian Statoil launched production today at their massive Southern Fields dry gas project in Algeria, with a planned output of 9 billion cubic…

Oil Prices Down On News Of Crude Output Freeze

Oil Prices Down On News Of Crude Output Freeze

Feb 16, 2016 at 09:26 | Charles Kennedy

Oil prices responded half-heartedly this morning on the news coming out of the surprise Doha meeting that four producers, including Saudi Arabia and Russia, have agreed to freeze output at…

BP Expands $16 Billion Tight Gas Block in Oman

BP Expands $16 Billion Tight Gas Block in Oman

Feb 15, 2016 at 17:25 | James Burgess

The Sultanate of Oman has signed a deal with oil major BP and Oman Oil to expand their development block in the Khazzan tight gas field, adding another 1,000 kilometers…

Brent Slightly Up Over Unexpected OPEC-Russia Meet

Brent Slightly Up Over Unexpected OPEC-Russia Meet

Feb 15, 2016 at 16:15 | Charles Kennedy

Oil has risen 2 percent since this morning on speculation ahead of a meeting tomorrow in Doha among ministers from Saudi Arabia, Russia, Qatar and Venezuela. After-hours Brent crude…

First Iranian Oil Exports To Europe Leave In 24 Hours

First Iranian Oil Exports To Europe Leave In 24 Hours

Feb 15, 2016 at 15:52 | James Burgess

Iran is loading two million barrels of oil on a tanker in the Gulf in preparation for its first oil exports in 24 hours to Europe since the…

Turkey Poised To Battle Kurds In Syrian Border Town

Turkey Poised To Battle Kurds In Syrian Border Town

Feb 15, 2016 at 13:36 | Charles Kennedy

A dangerous showdown is unfolding in the Syrian town of Azaz, near the border with Turkey, as Russian-based Syrian forces advance and Syrian Kurds step in to take over territory…

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