• 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
  • 10 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 days The United States produced more crude oil than any nation, at any time.
  • 1 day e-truck insanity
  • 7 days How Far Have We Really Gotten With Alternative Energy
  • 7 days China deletes leaked stats showing plunging birth rate for 2023
  • 8 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 5 days Bad news for e-cars keeps coming

News

Saudi Arabia “Not Worried At All” About Iranian Return To Oil Market

Saudi Arabia “Not Worried At All” About Iranian Return To Oil Market

May 06, 2015 at 16:29 | Andy Tully

“No one can set the price of oil,” Saudi Oil Minister Ali al-Naimi says. “It’s up to Allah.”Was that comment, made in an interview May 5 on…

Global Oil Production Up One Million bpd In March

Global Oil Production Up One Million bpd In March

May 05, 2015 at 16:21 | Euan Mearns

The main oil production changes from February to March are: World total liquids up 1,000,000 bpd OPEC up 890,000 bpd N America up 80,000 bpd Russia and FSU up…

Myanmar: The Next Frontier For Offshore Oil

Myanmar: The Next Frontier For Offshore Oil

May 05, 2015 at 15:54 | Andy Tully

The government of Myanmar is further opening up to international business by signing a deal with two foreign energy companies, Statoil of Norway and ConocoPhillips of the United States, who…

Turkmen Gas Deal Could Save Europe

Turkmen Gas Deal Could Save Europe

May 04, 2015 at 16:02 | Andy Tully

The European Union is looking for ways to diversify its source of gas to reduce its dependence on Russia. Turkmenistan is looking for ways to

New Oil By Rail Safety Regs Not Nearly Enough

New Oil By Rail Safety Regs Not Nearly Enough

May 04, 2015 at 15:49 | Andy Tully

The stricter new safety standards being imposed by US and Canadian officials on trains hauling crude oil aren’t sitting well with either the rail…

Refining Saves The Day For Exxon and Shell

Refining Saves The Day For Exxon and Shell

May 03, 2015 at 17:33 | Andy Tully

The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the…

Russian Economy May Be Stumbling Back To Its Feet

Russian Economy May Be Stumbling Back To Its Feet

May 03, 2015 at 10:55 | Andy Tully

The Bank of Russia has cut interest rates for the third time so far this year, reinforcing forecasts by some government ministers that the country’s economic…

Gazprom In Dire Straits As Profits Plunge 86 Percent

Gazprom In Dire Straits As Profits Plunge 86 Percent

Apr 30, 2015 at 16:20 | Andy Tully

Gazprom, Russia’s state-controlled gas company, suffered an 86 percent dive in net profits during 2014, due primarily to the decline in the value of the ruble,…

Saudi Oil Minister Remains In Place After Shakeup

Saudi Oil Minister Remains In Place After Shakeup

Apr 30, 2015 at 16:18 | Andy Tully

  The leadership shakeup by Saudi King Salman bin Abdulaziz al-Saud completely changed the kingdom's line of succession, bringing in younger heirs and abandoning the practice…

Historic Deal For Super Tankers Could Be Major Boost For Mining Sector

Historic Deal For Super Tankers Could Be Major Boost For Mining Sector

Apr 30, 2015 at 16:13 | MINING.com

Valemax leaving one of Brazil’s top ports.(Image from archives) Iron ore giant Vale (NYSE:VALE), the world’s No.…

Concerned Russia To Meet OPEC Members Before June’s Cartel Meeting

Concerned Russia To Meet OPEC Members Before June’s Cartel Meeting

Apr 29, 2015 at 14:01 | Andy Tully

Russia, clearly worried about the effect of low oil prices on its economy, is sending Energy Minister Alexander Novak to meet with OPEC members just before…

Saudi Arabia On Sales Offensive In Asia

Saudi Arabia On Sales Offensive In Asia

Apr 29, 2015 at 13:56 | Andy Tully

Saudi Oil Minister Ali al-Naimi says his country, which is already pumping oil at a near-record pace, is prepared to produce even more to satisfy what…

U.K Gas Supplier Centrica Sees Profits Drop Despite Cold Winter

U.K Gas Supplier Centrica Sees Profits Drop Despite Cold Winter

Apr 28, 2015 at 15:06 | Andy Tully

Bitterly cold weather in Britain and much of the United States may have meant an increase in the consumption of gas to warm homes and businesses,…

China Is Cooking The Books On GDP Growth Figures

China Is Cooking The Books On GDP Growth Figures

Apr 28, 2015 at 14:59 | Kurt Cobb

Last year China reported the slowest economic growth in 24 years, about 7.4 percent. But the true figure may actually be much lower, and the…

Iran Says Budget Adjusting To Low Oil Prices

Iran Says Budget Adjusting To Low Oil Prices

Apr 27, 2015 at 15:05 | Andy Tully

Iranian President Hassan Rouhani says the persistently low price of oil and Western sanctions are no longer putting pressure on his country’s budget because Tehran is…

China Grabbing Up Assets In This Key Resource Area

China Grabbing Up Assets In This Key Resource Area

Apr 27, 2015 at 15:00 | Andy Tully

The Philippines is urging fellow Southeast Asian nations to resist what it called China’s effort to control all of the much-disputed, energy-rich South China Sea,…

BP To Sell Off Major North Sea Asset As Part Of Survival Strategy

BP To Sell Off Major North Sea Asset As Part Of Survival Strategy

Apr 24, 2015 at 16:25 | Andy Tully

BP, which owns about one-third of one of the biggest gas pipelines in the UK, is selling that stake for $486 million, giving the investment firm…

Exxon Mobil To Pay $5 Million-Plus For Arkansas Spill

Exxon Mobil To Pay $5 Million-Plus For Arkansas Spill

Apr 24, 2015 at 16:18 | Andy Tully

Exxon Mobil Corp.’s agreement in federal court to pay more than $5 million over its 2013 pipeline spill in Mayflower, Ark., isn’t enough for the town’s…

Low Oil Prices Limit Iraq’s Output Growth

Low Oil Prices Limit Iraq’s Output Growth

Apr 23, 2015 at 15:27 | Andy Tully

Iraq, still reeling from the US invasion and now fighting ISIS, has been trying to increase its oil output, but two energy giants, Britain’s BP and Russia’s state-owned Lukoil, say…

Are Oklahoma’s Quakes Caused By Wastewater Disposal?

Are Oklahoma’s Quakes Caused By Wastewater Disposal?

Apr 22, 2015 at 14:52 | Andy Tully

No matter what other problems may or may not be linked to hydraulic fracturing, or fracking, the disposal of wastewater from oil and gas drilling almost…

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