New pipelines built in an environmentally sound way and with the blessing of Canada’s aboriginal communities are crucial to economic growth, the country’s resources minister says. Canadian Resources Minister Jim Continue Reading
Oil and gas companies will adopt novel EOR methods, including solar EOR, as they seek to recover oil from technically challenging resources. Tertiary methods such as thermal enhanced oil recovery Continue Reading
Those whom the gods wish to destroy they first send mad Introduction The aim of this article is to show that the shale industry, whether extracting oil or gas, has Continue Reading
Oil extended declines from a one-month low before U.S. government data forecast to show increasing crude stockpiles kept supplies at the highest level in more than eight decades. Futures fell Continue Reading
Oil prices fell on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to fade, while stubbornly high U.S. output and worries about Asia’s economic outlook Continue Reading
Oil prices sold off sharply Monday, touching a one-month low, as skepticism mounted that a global agreement capping output would be reached in Qatar later this month. The benchmark U.S. Continue Reading
From the air above this small Oklahoma town, the 300 steel oil storage tanks that dot the landscape appear filled to the brim, their floating lids bobbing atop more than Continue Reading
Today, I’m going to try and tackle the reasoning for my ‘wild’ predictions for oil reaching triple digits by the end of 2017. While I am nearly alone in these Continue Reading
Federal Reserve Chair Janet Yellen raised more than a few eyebrows in a Mar. 29 speech by highlighting oil prices at less than $30 per barrel as a development that Continue Reading
Oil is in an early bull run despite the notion prices have rebounded too fast, too soon, hedge fund manager Jonathan Goldberg says as his energy-focused investment fund posts a Continue Reading
Russian Energy Minister Alexander Novak said on Monday that he may meet his Saudi Arabian counterpart before a planned oil producers’ meeting in Doha on April 17. Saudi Arabia, the Continue Reading
Saudi Deputy Crown Prince Mohammed bin Salman sat down for a five-hour interview with Bloomberg News at the royal compound in Riyadh last week. Here’s a breakdown of what we Continue Reading
A series of suicide car bomb attacks targeting security forces and crowded areas in central and southern Iraq on Monday left a total of 15 killed and some 48 others Continue Reading
All signs suggest that a meeting of OPEC and non-OPEC oil producing countries in Doha on April 17 will produce an initial agreement to freeze output, Kuwait’s OPEC governor Nawal Continue Reading
Saudi Arabia plans to almost double the size of its stock market, among the most closed in the world, by adding dozens of companies and making it easier for foreigners Continue Reading
For nearly the past two decades, chavistas , or supporters of former President Hugo Chávez, have dominated Venezuelan government institutions and have actively promoted the Bolivarian Revolution, whose key ideological Continue Reading
The Panama Canal Authority has imposed further draft restrictions for vessels transiting through the canal effective April 29 due to ongoing El Nino-related droughts in the region. In a shipping Continue Reading
Armenians and Azeris reported dozens of soldiers and civilians killed as the worst fighting in two decades threatened to spread beyond the disputed Nagorno-Karabakh territory. Twenty Armenian servicemen have died, Continue Reading
Malta-flagged Iranian crude oil supertanker ”Delvar” is seen anchored off Singapore March 1, 2012. India is set to import at least 400,000 barrels per day (bpd) of Iranian oil in Continue Reading
Coal’s bright start to the year in Asia is fading amid the gloom of weak demand across the region’s top importers and still too much supply from top producers. The Continue Reading
Judge Carl Barbier granted final approval on Monday to BP Plc’s ( BP.L ) civil settlement over its 2010 Gulf of Mexico oil spill after it reached a deal in Continue Reading
Early concept art for Tesla’s Gigafactory. Everyone’s excited about Tesla’s new Model 3 car , but mass producing that electric vehicle is going to require a ton of batteries. That’s Continue Reading
Cheap natural gas has slashed coal traffic across the U.S. rail network and in turn hit demand for diesel, demonstrating the interlocking relationship between the country’s energy and transport systems. Continue Reading
Amanda Salazar watched for a year as colleagues at the Houston-based oil rig manufacturer where she worked lost jobs, victims of the latest oil bust. She realized it was time Continue Reading
After weeks of showing stability, the number of rigs deployed in North Dakota dipped below 30 for the first time in years, state data posted early Monday show. State data Continue Reading
TransCanada said Monday that… TransCanada Corp. said Monday that it had shut down its Keystone oil pipeline due to a possible leak in South Dakota. Workers found signs of oil Continue Reading
After almost two years of sinking oil prices and at least 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations. The next round of layoffs has Continue Reading
The concrete block perches absurdly atop a piling, elevated about 10 feet above the beach sand. Is it art? A bulky milepost? Carlton Hall pointed to the puzzling object and Continue Reading
Tesla Motors unveiled its latest electric car, the Model 3, on March 31, with a lower price tag and 2017 delivery date. Tesla chief executive Elon Musk heralded the Model Continue Reading
Oil major Royal Dutch Shell has pulled its application from Norway’s Arctic-focused oil licensing round, the firm said on Monday, in a blow to the Nordic country’s ambitions to explore Continue Reading
Oil prices fell on Monday as the chances of Middle East producers agreeing to curb overproduction appeared to fade, while stubbornly high U.S. output and worries about Asia’s economic outlook Continue Reading
Brent crude extended declines from a four-week low after Saudi Arabia’s deputy crown prince said the world’s biggest oil exporter will freeze output only if Iran follows suit, putting in Continue Reading
Kuwait hopes that coordination among oil producers inside and outside OPEC will help to stabilize the market, acting oil minister Anas al-Saleh told reporters on Sunday. “As long as there Continue Reading
Saudi Arabia plans to tap international debt markets for the first time as early as September and set up a bond program amid an unprecedented economic shakeup. The kingdom will Continue Reading
The biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a plan to spread the burden of lower crude prices among a Continue Reading
Saudi Arabia may soon have to use its last weapon in an all out war against American Frackers, and the Iranian and Russian oil producers: Break the riyal peg to Continue Reading
Iran’s oil minister on Sunday said the country’s oil exports jumped again in March, potentially undermining a global deal to limit crude output and raise prices. Bijan Zanganeh said Iran’s Continue Reading
The shaky debut last week of a new unity government in Libya brings Western nations, including the United States, much closer to a renewed military mission there, and to a Continue Reading
The risk India will suffer below-average monsoon rain for a third year, a once-in-a-century event, probably means the central bank has room for just one interest-rate cut before an extended Continue Reading
After almost two years of sinking oil prices and at least 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations. The next round of layoffs has Continue Reading
Experts don’t know how exactly much money utilities have lost nationwide on natural-gas hedges. Natural-gas prices have plunged 74% in the past 10 years, but some U.S. utilities haven’t reaped Continue Reading
One by one, the descendants of John D Rockefeller, the Gilded Age oil baron, are repudiating the fossil fuels that made the family rich. On the heels of the Rockefeller Continue Reading
The US oil rig count dropped by double-digits for a second consecutive week, Baker Hughes said on Friday, as analysts scrambled to revise projections of how low the figure could Continue Reading
Welcome to the Real News Network. I’m Jessica Desvarieux in Baltimore. Folks are lining up to reserve electric car automaker Tesla’s Model 3. It’s considered to be one of the Continue Reading
Oil prices are tumbling after comments from a Saudi royal family member cast more doubt on a deal for major global exporters to cap output. Saudi Arabia’s deputy crown prince, Continue Reading
Oil prices took one of their biggest hits of the year Friday as pressure from Riyadh’s response to a production freeze was doubled by weak U.S. labor figures. Mohammed bin Continue Reading
The global oil price rout has left many oil producers reeling across the world. From Canada to Norway, Saudi Arabia to Russia, none of the world’s largest oil exporters have Continue Reading
Iraq Oil Report is now offering a new subscription service: the Iraq Oil and Financial Dataset . Click here for a free sample of the spreadsheets and data-driven analysis that Continue Reading
A top Saudi prince has announced new elements of a plan to reduce the kingdom’s heavy dependence on oil, amid a drop in world prices that has sent shock waves Continue Reading
Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets. Over a five-hour conversation, Continue Reading
