Oilprice.com

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The technical failure that could clear the oil glut in a matter of weeks

OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines.

Copper production to take a quantum leap in this mining nation

Groups estimate that a full 18 new copper projects are set to start production across Peru by 2021.

Don't hold your breath for deeper OPEC cuts

The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.

Is a big move in oil prices due?

In options trading, a straddle is literally a sit-on-the-fence strategy.

Is there still hope for higher oil prices?

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared.

Oil prices set to rebound

The unpredictability of today’s oil market is leaving some investors burned by unexpected price gyrations.

Has Permian productivity peaked?

According to the EIA's Drilling Productivity Report, productivity (as opposed to absolute production) is set to fall next month in the Permian Basin.

New BC government could jeopardize Canadian oil exports

The upcoming change in British Columbia’s government could stall the Canadian oil industry’s plans to compete globally by exporting crude to Asia—the world’s fastest growing refining market of which Middle Eastern producers, Russia, and now the U.S. are vying for market share.

Today's stunted oil prices could cause oil price shock in 2020

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future.

Ukraine says no to Russian coal, gas – favours nuclear power

In spite of a blockade on shipments of anthracite coal from occupied Donbas to Ukrainian thermal power plants (TPPs) since this past winter, the country has thus far avoided blackouts.

U.S. shale is immune to an oil price crash in 2017

Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.

China and India on aggressive electric vehicle push

China and India are rolling out plans to dramatically accelerate the adoption of electric vehicles (EVs), initiatives that have prompted the IEA to take notice and promise a review its long-term oil demand forecast.

5 clean energy innovations that could transform our world

Innovations in energy storage, smart grid, and electricity generation technologies will affect every part of the source-to-consumer supply chain for powering the planet.

$44 trillion needed to keep up with world’s energy demands

So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing long term demand for oil and gas.

Big oil betting on electric vehicles

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA's chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030.

Supply crunch or oil glut: investment banks can't agree

The biggest banks remain bullish on oil prices, but analyst projections about global supply and demand are increasingly diverging.

When will Russia run out of oil?

Globally, exploratory drilling fell by almost 20 percent in 2015 and fell even further in 2016. Russia's exploration activities, suffered a double blow during this period.

There is no such thing as peak oil demand

If oil demand were to reach an actual peak, then the top might be easier to predict. As it stands, the forecast models of demand are likely predicting peak demand far later than it will be.

What a Westinghouse bankruptcy could mean for U.S. utilities

The two U.S. utilities with the most at risk are Southern Company and SCANA Corp.

Is the lithium bubble about to burst?

After rising aggressively, some would argue that lithium prices have already peaked.

Is a second OPEC cut on the cards?

Analysts and experts are now mostly predicting that oil prices will remain below US$60 this year.

Oil majors' costs have risen 66% since 2011

The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead

Next oil rally? Futures say market Is tightening

U.S. oil inventories are at record levels, but there are a few glimmers of hope that the glut could be starting to subside.

Have the majors given up on Canada’s oil sands?

Canada’s oil sands could struggle to rebound, with potentially billions of barrels of oil being kept underground permanently.

This oil nation aims to colonize Mars

The UAE may not be the first country that comes to mind when one thinks of space exploration, but it has big plans to colonize mars, and it’s got the oil money to do it.