Oilprice.com

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The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.

How EIA guestimates keep oil prices subdued

The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.

The next oil price spike may cripple the industry

How it is possible for the price of oil to go both up and not up, and what would that mean for the oil industry?

Tech guru unveils new battery to challenge lithium-ion

The rise of electric vehicles and the quest to find solutions to energy storage for the renewables industry have created a breeding ground for tech experts to develop battery technologies.

Did Google just tackle the biggest problem in energy?

Any news about energy storage advancement is bound to make a splash. After all, storage is the main stumbling block for renewable energy.

This oil price rally has reached its limit

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel.

Electric vehicles no threat to oil prices anytime soon

Hardly a day goes by without another media report about the impending demise of the Internal Combustion Engine (ICE) as petroleum powered cars and trucks are replaced by uber-clean Electric Vehicles (EV).

Electric car industry faces a looming supply storage

“Lithium is the new oil,” goes the saying in electric vehicle (EV) circles.

'Dirty, difficult, and dangerous': Why millennials won't work in oil

Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials.

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.