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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
- 1,801 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
- 1,451 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
- 1,230 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
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- 1,522 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
- 4,455 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
- 2,882 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
- 3,910 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
- 4,197 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
- 2,008 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
- 3,363 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
- 1,135 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
- 3,483 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
- 2,993 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
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- 1,983 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
- 7,355 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
- 2,726 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
- 2,421 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
- 1,386 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
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- 1,501 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
- 2,364 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
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- 1,448 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
- 1,660 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
- 1,529 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
- 1,438 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
- 2,594 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
- 2,536 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
- 1,790 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
- 3,170 views
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Fire Sale: Strategic Petroleum Reserve
Budget deal congress reached yesterday calls for the sale of 100 million barrels of SPR between 2022 and 2027. Hope the prices are high...- Rodent Replied
- 4 replies
- 1,811 views
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India Advances Grand Energy Plans
India is planning to raise its LNG import capacity from 20 million tonnes to 70 million tonnes and is boosting oil refining capacity by...- Marina Schwarz Replied
- 0 replies
- 2,245 views