Analyst: Saudi Arabia isn’t flooding oil market ahead of freeze talks
Saudi Arabia’s oil production hit a record in July, according to published statistics, and is likely to hit another in August, according to industry sources.
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The case for alternative energy done right
No other policy has so effectively undermined the international oil cartel that seeks to profit from our dependence on oil.
Time to repeal U.S. oil and gas tax breaks
Advocates for reform argue the preferences hinder climate goals and waste $4 billion a year. Defenders of the tax preferences argue that repealing them would decimate domestic oil and gas production, jeopardizing U.S. energy security, jobs, and the economy.
Islamic State oil commander killed in airstrike
A commander in charge of oil for the Islamic State was killed in operations led by multilateral forces near the Syrian border, the Kurdish government said.
Oil income falling, Saudi Arabia raises government fees and fines
Saudi Arabia, faced with dwindling oil income, has sharply increased government fees such as visa charges as part of a range of measures aimed at raising revenue from non-oil sources.
For the first time in years the U.S. is importing more oil than it produces
For the first time since January 2014, the U.S. imported more crude oil last week than it produced, thanks largely to a surge in OPEC supply.
OPEC ‘smoke and mirrors’ may be all it needs to boost oil
Just the whiff of an OPEC meeting has driven oil prices higher, squeezed shorts in the futures market — and made further inaction by the cartel more likely.
OPEC oil freeze talks may be resurrected
The Organization of the Petroleum Exporting Countries may resurrect its heretofore futile attempts to freeze petroleum output in a bid to inject life into oil prices.
ISIS oil revenues down by up to 90 percent
Security sources from the ministry of oil said ISIS had been smuggling at least 50 vehicles full of oil every day from oilfields in Qayyarah and Najma. But new offensives against the terrorist organization have reduced the smuggling rate to five vehicles a day.
OPEC member plots big oil comeback
One of the biggest mysteries in the oil market resides in the war-torn nation of Libya.
