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We're worried about US shale production, while OPEC calls for $10 trillion investment to meet demand?
So, while oil prices are dull on glut concerns and an uptick in US shale production, OPEC is saying the industry needs $10 trillion in...- TraderTate Replied
- 11 replies
- 5,188 views
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BP Predicts Peak Oil Demand by 2030
BP predicts oil demand will peak by 2030 and EVs will shrink it further by 2040 rising 100-fold to 320 million. I wonder if...- Marina Schwarz Replied
- 0 replies
- 1,743 views
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OPEC Needs Better Inventory Measurement System
"OPEC will soon discuss with Russia a new way to measure oil stockpiles, with the Saudi Energy Minister saying that finding reliable inventory data...- Marina Schwarz Replied
- 1 reply
- 1,880 views
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Can EV growth bring about peak oil before 2030?
Is this really believable? Ratings agency Fitch said today in one of its scenarios that public preference for EVs, along with government policies that...- Rodent Replied
- 1 reply
- 1,571 views
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OPEC says overhang just 74 million barrels above 5 year avg
OECD inventories just 74 million barrels above 5-year average, OPEC says. Is this number believable?- Rodent Replied
- 0 replies
- 1,293 views
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California oil hypocrisy
This article speaks of California's (and other states') hypocrisy as pertains to their anti-oil stance. "Local development bans are unfair, illogical, and hypocritical: those states...- Rodent Replied
- 0 replies
- 1,571 views
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Exxon sues the suers in climate-change case
As climate-change lawsuits against the oil industry mount, Exxon Mobil Corp. is taking a bare-knuckle approach rarely seen in legal disputes: It’s going after the lawyers...- exxon
- exxon lawsuit
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- Meanwhile Replied
- 14 replies
- 4,606 views
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Don't Want Our Oil? We Don't Want Your Wine
British Columbia is pissed at Alberta for banning wine imports from B.C. But Alberta says "You started it" when B.C. proposed new rules to...- Marina Schwarz Replied
- 1 reply
- 2,964 views
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Ohio to Ban Oil, Gas Entirely?
So.... interesting bit of freaky news. Ohio gubernatorial hopeful Dennis Kucinich, if elected governor, intends to: ban all oil and gas drilling in Ohio (yeah, all) employ...- Rodent Replied
- 5 replies
- 3,981 views
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Saudi To Carry OPEC's Water Again
As if Saudi Arabia wasn't already doing the lion's share of the production cutting so that other members can skate by without fully complying...- Rodent Replied
- 7 replies
- 4,358 views
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Italian ENI on a roll with record production
Really tearing it up, Eni! Record oil and gas production. Q4 profits up 55%.- Seleskya Replied
- 3 replies
- 2,104 views
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US to hold largest oil and gas lease sale in its history
Interior Department is planning to hold the largest sale of oil and gas leases in the country's history. The plans, announced Friday, would auction off...- us interior department
- us oil and gas lease
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- Stephen Replied
- 7 replies
- 3,477 views
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Maduro Going to Take Its Marbles and Go ... Where?
Maduro says he is going to find another buyer for its crude oil if US imposes a full oil embargo on it. Which buyers...- Rodent Replied
- 0 replies
- 1,199 views
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How Good Is Putin's Word?
OPEC chief says he has Putin's word that Russia won't flood the oil market. Ever? Or... just during the agreement?- Rodent Replied
- 4 replies
- 3,575 views
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Why Venezuela Sacked PDVSA CFO
Venezuela just sacked US-sanctioned CFO of PDVSA, Simon Zerpa. Any significance to this move? Does it even matter?- Addy Replied
- 1 reply
- 3,064 views
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PDVSA Mass Exodus of Workers
Univsion is reporting a mass exodus of employees from state-run PDVSA, as rising inflation has basically made their public worker salary almost owrthless. PDVSA...- Rodent Replied
- 0 replies
- 2,047 views
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Russia Eager to Buy into Aramco
So, Russian banks are apparently "eager" to take a piece of Aramco, in partnership with Chinese investors. I wonder if it's too late for...- Marina Schwarz Replied
- 3 replies
- 7,447 views
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Fuel Hawkers in Nigeria Thrive
Nigerian fuel hawkers are turning in a good profit even without fuel shortages in the country. As they apparently get their goods from pipeline...- Marina Schwarz Replied
- 0 replies
- 2,791 views
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Tesla vs. China--Who Will Be Victorious?
China is still digging its heels in, and not allowing Tesla to 100% own a factory there. China, as in all manufacturing businesses there,...- Rodent Replied
- 5 replies
- 2,533 views
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Is US really going to privatize fed power companies?
I read this article https://oilprice.com/Latest-Energy-News/World-News/White-House-Proposes-Sale-Of-Federal-Power-Assets.html that talks about the government piecing out fed power assets. How would that even work? I'm not sure I get it.- Addy Replied
- 0 replies
- 1,469 views
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THE GLUT IS COMING, THE GLUT IS COMING!
IEA OMR today says oil production growth, led by US production, will outweigh oil demand growth. Not good for oil prices. Not good for...- Rodent Replied
- 0 replies
- 1,555 views
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Big Oil, militants destroy Niger Delta; Now gas flaring is last nail in coffin
We all know that big oil and the militancy in the Niger Delta have destroyed this place for local communities, but I hadn't heard...- gas flaring
- nigeria
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- Carlsbad Replied
- 2 replies
- 2,522 views
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How great to be an oil explorer in Norway?
I hadn't realized until the European Free Trade Association (EFTA) started investigation just recently, that Norway lets companies deduct 78% of their exploration costs...- TraderTate Replied
- 0 replies
- 1,501 views
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Colombia Oil Field Shut
Colombia again shutting in an oilfield for safety reasons as threats against it are made. Things are not looking so good for marriages between...- Rodent Replied
- 2 replies
- 1,721 views
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Big Oll: Who's the Fairest of Them All?
Big Oil majors are fighting for investors' favors, apparently, now that they have more cash to dangle in front of their eyes. SO, who's...- Marina Schwarz Replied
- 0 replies
- 1,591 views
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China Futures. For Real This Time?
March 26th is the date, supposedly, for China's oil futures contract. Talk about a market disruptor. This has been talked about seemingly forever. If...- Rodent Replied
- 1 reply
- 1,506 views
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Iraq Signs Agreement To Build A 70,000-Barrels-Per-Day Oil Refinery
Iraq, OPEC's 2nd largest oil producer, wants to build new refineries as its oil processing capacity was severely curtailed by damage to its largest...- Petar Replied
- 4 replies
- 2,752 views
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EPA Penalties Decline From Last FY
EPA penalties were significantly less this last fiscal year, partially under Trump administration. To be fair, part of it was under Obama and part...- Rodent Replied
- 4 replies
- 2,634 views
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Europe losing out on oil quality as Russia diverts to China for market share
Battling for Asian market share with OPEC and US, Russia is diverting higher-quality crude cargoes from Europe to China. Something's got to give. Europe's...- TraderTate Replied
- 1 reply
- 1,908 views
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Venezuela Buying Crude Again
After a seven-month stoppage, Venezuela once again buying crude (and when I say "buying", I mean swapping goods for) for its Isla refinery. It's...- Rodent Replied
- 1 reply
- 3,233 views