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Crude Oil

To Stop "Bomb Trains," I Honeymooned in Jail

Daphne Wysham | Posted 07.07.2016 | Green
Daphne Wysham

Should we go to trial, many of us will be arguing we did this out of necessity, in order to prevent a far greater looming evil -- of being incinerated in our sleep, of doing nothing to stop this deadly fossil fuel cargo while hundreds of thousands of people die each year from floods, disease, malnutrition, and heat stress due to climate change.

Top 5 Reasons To Ban Oil Trains Immediately

Todd Paglia | Posted 06.29.2016 | Green
Todd Paglia

On Friday, June 3rd, a crude oil train traveled through the scenic Columbia River Gorge, a national treasure and one of the most beautiful spots in a country blessed with some of the most stunning places on Earth.

Train Derails, Spills And Burns Oil In Columbia River Gorge

The Huffington Post | Andrew Hart | Posted 06.04.2016 | Green

A train carrying crude oil derailed Friday at the scenic Columbia River Gorge, spilling oil on the Oregon side of the river, which separates that stat...

Nigerian Outages Drag Total OPEC Production Down In May

Oilprice.com | Posted 06.01.2016 | Business
Oilprice.com

Based on survey data compiled by Reuters for the month of May, OPEC crude oil out has fallen by 120,000 barrels per day--a drop largely attributed to ...

An Explosive Issue

Cylvia Hayes | Posted 05.31.2016 | Green
Cylvia Hayes

Ticking time bombs are rumbling through the Pacific Northwest. Nearly overnight the railways have become primary transport routes for trains filled with highly flammable crude oil. With this rapid increase in traffic has come an enormous uptick in explosions.

Get Smart Fast: Crude Oil Exports in 200 Words

Elizabeth McCulley Gore | Posted 05.27.2016 | Politics
Elizabeth McCulley Gore

Because of concerns about energy security and decades of living with energy scarcity, exporting oil has traditionally been controversial.

Think Beyond Oil And Gold: Interview With Mike 'Mish' Shedlock

James Stafford | Posted 05.26.2016 | Business
James Stafford

The energy sector was certainly a bargain in January, but no one really knows where oil will be around Christmas. While we may have already seen the b...

The Wildest Predictions For Oil Prices In 2016

Oilprice.com | Posted 05.23.2016 | Business
Oilprice.com

One reality in the markets is that despite the best efforts of analysts and traders, no one ever knows with any degree of certainty what will happen t...

Wave of Violence Causes Nigerian Oil Output to Fall to 20-Year Lows

Nick Cunningham | Posted 05.11.2016 | Business
Nick Cunningham

The oil markets have suddenly been hit with a multitude of unexpected supply disruptions, the largest of which comes from the more than 1 million barrels per day that have been knocked offline because of wildfires in Canada.

90% Off Sale On Offshore Drilling Rigs?

Oilprice.com | Posted 05.11.2016 | Business
Oilprice.com

It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time to buy an offshor...

What OPEC Has To Fear From The New Saudi Oil Minister

Oilprice.com | Posted 05.10.2016 | Business
Oilprice.com

In a surprise move, Saudi Arabia sacked its long-time oil minister over the weekend, an event that illustrates the near-total control that the new you...

IEA Sees Oil Glut Gone By 2017

James Stafford | Posted 04.15.2016 | Business
James Stafford

The global glut in oil supplies could shrink substantially in the second half of this year, signaling a potential rise in oil prices in just a few mon...

The 3 Worst Words of Investing in Oil Market

Ilan Levy-Mayer | Posted 04.20.2016 | Business
Ilan Levy-Mayer

Overall Crude oil futures trading is one of the riskiest businesses you can put money into in oil futures. Remember, oil futures are volatile and you have to continually, keep a keen eye on them.

How The Oil Crisis Has Impacted Military Spending

Oilprice.com | Posted 04.11.2016 | Business
Oilprice.com

A report by the Stockholm International Peace Research Institute has revealed that most of the world's nations hiked their military budgets last year,...

$85 Crude Oil By Christmas - An Interview With Mike Rothman

Oilprice.com | Posted 04.08.2016 | Business
Oilprice.com

After a 50 percent rally in oil prices between February and March, crude has retreated a bit as of late. The upcoming OPEC-Russia meeting in Doha loom...

Saudi Arabia Tries to Slow Iran Oil Exports, Without Much Success

Oilprice.com | Posted 04.04.2016 | Business
Oilprice.com

Saudi Arabia has reportedly banned Iranian oil tankers from entering its waters in an effort to slow Iran's oil exports.

$50 Oil as Soon as May?

Oilprice.com | Posted 03.31.2016 | Business
Oilprice.com

The forecast stands in stark contrast to some other analysts. Barclays, for example, sees the potential for oil prices to fall back to the low-$30s in the short run as speculators start to retreat from their recent buildup in bullish positions.

China and India Rewrite the Rules of the Oil and Gas Game

Oilprice.com | Posted 03.28.2016 | Business
Oilprice.com

As the current oil price crisis leads to some game-changing upheavals in the global energy market, Asia's two powerhouses, China and India, are taking...

Why We Could See an Oil Price Shock in 2016

James Stafford | Posted 03.28.2016 | Business
James Stafford

The depletion of old oil wells is expected to surpass new sources of supply in 2016, as the ongoing oil price slump puts a long list of oil projects o...

The Current Oil Price Rally is Reaching Its Limits

Nick Cunningham | Posted 03.22.2016 | Business
Nick Cunningham

Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. But the rally could be reaching its limits, at least tem...

What Happens When Oil Hits $50?

Oilprice.com | Posted 03.22.2016 | Business
Oilprice.com

If oil prices reach $50/b, instead of decreasing, U.S. production will likely increase because many of the shale oil drillers on the brink of insolvency will view this as a Godsend and boost production to remain in business. They are just waiting to re-open the floodgates here.

Contraction in U.S. Shale Pushes Oil to $40

Nick Cunningham | Posted 03.08.2016 | Business
Nick Cunningham

Crude oil prices have rallied by more than 30 percent since early February and investors are growing more confident that a rebound is in order. Have o...

Energy Wars of Attrition

Michael T. Klare | Posted 03.08.2016 | Politics
Michael T. Klare

With the advent of North American energy abundance in 2012, petroleum enthusiasts began to promote the idea of a "new American industrial renaissance" based on accelerated shale oil and gas production and the development of related petrochemical enterprises.

Saudis Turn to Capital Markets for $10 Billion Loan

Oilprice.com | Posted 03.03.2016 | Business
Oilprice.com

Saudi Arabia is seeking a $10 billion loan from international banks, according to Reuters, which represents the country's first major loan in more tha...

Low Oil Prices Help Consumers, Hurt Producers

Nicole Piper | Posted 03.02.2016 | Business
Nicole Piper

Photo courtesy of Pixabay If you own a car and fill it up with gasoline on a semi-regular basis, you've probably noticed you're saving money at the g...