Recent rapid growth in U.S. production of light tight oil has raised interest in understanding how U.S. refineries, many of which are configured to process heavier crude oil, might accommodate increased volumes […]

It is has now been confirmed. The first measured 24 hour production from Bakken wells is a very good predictor of the future production of that well. And it has also been […]

New oil projects are being scrapped in Norway amid falling production and low oil prices. Long held up as the model for managing oil abundance, Norway has painstakingly sought to prevent the […]

The Arctic offshore will be drilled; it’s only a matter of time. However, the dream to have commercially viable production in the immediate future may very well be dead. Continually slumping oil […]

In part 3 of this series on the impact of US tight oil, we look at US crude oil imports from Non-OPEC countries. Excluding Canada – which is a special case due […]

The world is awash in oil, I’m hearing. The problem is, it’s fairly expensive oil. Take for example Canada. The country that has managed to increase its production of oil by a […]

The following graph shows US petroleum imports from OPEC countries starting in 1960. This includes both crude oil and petroleum products. Note: Indonesia left OPEC in 2008 but it is included here […]

In the same week that a new study found that G20 nations, including Australia, were providing $US88 billion ($A102 billion) a year in subsidies just for fossil fuel exploration, another report – […]

A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total […]

Here I re-tread a well-trodden path, but with recent events in the oil market I thought a brief recap might be timely. I begin with a photographic illustration of a typical US […]