OPEC’s progress
Raising prices by cutting back on global oil production is turning out to be more Continue Reading
Quote of the Week
“I do not believe low commodity prices and rig counts will be here for Continue Reading
Forecasts
As the global recession deepens, the agencies which prognosticate about future demand for oil are Continue Reading
Briefs January 19, 2009
An Israeli company announced that it has discovered what may be a deposit of over Continue Reading
Prices continue to slip
Oil prices continue to fall this week as US commercial inventories increased by 8 million Continue Reading
OPEC keeps trying
The Saudis are continuing to take the lead in efforts to cut OPEC’s production still Continue Reading
OPEC Cuts Production
The Organization of Petroleum Exporting Countries said on December 17th that it would reduce its Continue Reading
The Volatility Continues
Gaza, OPEC production cuts, and the gas shutoff to Europe competing with an avalanche of Continue Reading
Gaza
A call by an Iranian military commander to cut oil exports to Israel’s supporters last Continue Reading
Briefs January 12, 2009
Investment banks want to hire 10 supertankers to store crude oil at sea, seeking to Continue Reading
Quote of the Week
“Dwindling prices could also shake the very foundations of oil allies like Mexico, Nigeria, and Continue Reading
Market volatility continues
On Monday and Tuesday oil prices continued a five-day climb — at one point touching Continue Reading
Russia and the EU
On Wednesday Russia raised the stakes in its standoff with Ukraine by cutting natural gas Continue Reading
The Year Closes
Oil prices rose by nearly 8 percent on Monday, touching $44 a barrel, after Israel Continue Reading
Last Week
It was yet another wild ride for oil prices last week as the markets continued Continue Reading
US Oil Consumption
On Monday the EIA released revised figures for US oil consumption in October showing that Continue Reading
Briefs – January 5, 2009
Russia’s oil production fell by around one percent in 2008, the country’s first annual decline Continue Reading
Quote of the Week
“Just as the world does not work too well at $147 oil, the energy industry Continue Reading
The Top 10 Peak-Oil-Related Stories of 2008
1. The Global Recession The impact that declining world oil production will have during the Continue Reading
Prices and production
It was another down week for oil prices. Starting out in the low $40s, oil Continue Reading
Russia
Of all the countries exporting oil, Russia seems to be suffering the most serious consequences Continue Reading
Electric Cars
It is now generally acknowledged that if the automobile is to have a future, it Continue Reading
Briefs
(clips from recent Peak Oil News dailies are indicated by date and item #) Continue Reading
Quote of the Week
“Cheating on OPEC quotas is not a problem. It’s a tradition.” — Byron King, energy Continue Reading
Mexico
PEMEX has released new numbers showing that its oil production slid by 9.3 percent during Continue Reading