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The Downside For Oil Is Limited

By Nick Cunningham of Oilprice.com More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next? Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per b ...

Oilprice Staff


Posted 12 days agoOpinion > oilpriceOiloil price +6

The Single Biggest Breakthrough In Oil Tech This Year

By Charles Kennedy for Oilprice.com Utah holds the largest reserves of oil sands in the United States, but up until now, no company had the technology to exploit these vast resources. Despite the potential, "only a few companies are pursuing the price-sensitive and water-intensive development ...

Oilprice Staff


Posted 25 days agoOpinion > OiloilpriceUnited States +4

A Saudi-Iran Oil War Could Break Up OPEC

By Irina Slav for Oilprice.com When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowi ...

Oilprice Staff


Posted 30 days agoOpinion > Saudi ArabiaKingdom of Saudi ArabiaIran +4

Saudi Arabia And Iran Reignite The Oil Price War

By Tsvetana Paraskova for Oilprice.com The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanction ...

Oilprice Staff


Posted 1 month agoOpinion > oilpriceKingdom of Saudi ArabiaSaudi Arabia +9

Coke, Meth And Booze: The Flip Side Of The Permian Oil Boom

By Tsvetana Paraskova for Oilprice.com The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it's fueling a subculture of drug and alcohol abuse among oil field workers. The Permian shale play in West Texas is once again booming with drilling and i ...

Oilprice Staff


Posted 1 month agoOpinion > oilpricePermian BasinOil +4

Strong Dollar Could Cap Oil Prices

By Irina Slav for Oilprice.com The strength of the U.S. dollar poses an obstacle to further gains in oil prices. President Trump's trade war with China, which is still in its early stages, has already battered the yuan. The dollar has gained more than 8 percent against the Chinese currency sinc ...

Oilprice Staff


Posted 1 month agoOpinion > oil priceUS Dollaroilprice +3

The New Oil Cartel Threatening OPEC

By Irina Slav for Oilprice.com When reports emerged that India and China are in talks about forming an oil buyers' club , OPEC was probably too busy with its upcoming June 22 meeting to concern itself with that dangerous alliance. Now, it may be time for it to start worrying. "The timing is ri ...

Oilprice Staff


Posted 2 months agoOpinion > oilpriceOPECIndia +2

3 Breakthrough Technologies Changing The Energy Sector

By Gregory Brew for Oilprice.com Energy has seen some big changes in the last few years. Coal has stumbled. Renewables have surged. Oil fell hard, then spent years clawing its way back up. But the biggest change in energy has been in tech. The shale revolution unlocked millions of barre ...

Oilprice Staff


Posted 2 months agoOpinion > oilpriceEnergyTechnology +4

The Saudis Won't Prevent The Next Oil Shock

By Nick Cunningham of Oilprice.com Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a ...

Oilprice Staff


Posted 2 months agoOpinion > oilpriceOilSaudi Arabia +3

The Fed Is Driving Down Oil Prices

By Nick Cunningham of Oilprice.com The U.S. dollar has jumped to its strongest level in nearly a year, raising questions about how a strong greenback could act as a drag on debt and oil demand in much of the world. The U.S. Federal Reserve announced another rate hike a few days ago, which ...

Oilprice Staff


Posted 3 months agoOpinion > United StatesUSFederal Reserve +4

Can Saudi Arabia Prevent The Next Oil Shock?

By Cyril Widdershoven for Oilprice.com The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump's Twitter diplomacy, perceiv ...

Oilprice Staff


Posted 3 months agoOpinion > oilpriceSaudi ArabiaOil +5

Emerging Market Meltdown Could Undermine Oil Rally

By Nick Cunningham of Oilprice.com Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn't necessarily mean higher oil prices are entirely out of the question, and in fact, the ...

Oilprice Staff


Posted 3 months agoOpinion > emerging marketsoilpriceOil +5

A New Lithium War Is About To Begin

By James Stafford - Apr 24, 2018, 6:00 PM CDT It's the modern gold rush. Around the world, the most sought-after mineral isn't a precious metal, nor is it oil and gas…it's lithium. Lithium, or “white petroleum” as some call it, has become a crucial element in today's high-tech econom ...

Oilprice Staff


Posted 4 months agoOpinion > oilpriceLithiumWhite Petroleum +3

Oil Market Fears: War, Default And Nuclear Weapons

The U.S. is one of the few areas of the world in which there is an energy investment boom underway, a development that could smooth out the uncertainties of geopolitical events around the world. At the same time, outside of the U.S., there is a deterioration of stability in many oil-producing region ...

Oilprice Staff


Posted 6 months agoOpinion > oilpriceOil MarketUnited States +1

Why The Next Oil Boom Will Be Fueled By Blockchain

By Meredith Taylor Big Oil is due for a disruption. The world's most important industry has been carrying on without any significant changes in its day to day routine for far too long. But now, the new tech on the block has its sights set on the multi-trillion-dollar oil and gas sector. It ...

Oilprice Staff


Posted 7 months agoOpinion > oilpriceOilBoom +5