Here’s what Breaking Energy staff are reading at other outlets.

Here’s what Breaking Energy staff are reading at other outlets.

Iraq Security Forces Conduct Operations in Lead-up to US Drawdown

Coming the same week as Secretary Pompeo’s Middle East tour, the incident is a powerful example of the regional threat posed by Iran. Other than a photograph of a badly damaged building, details have been slow to emerge about the January 7 clash in the Qatif area of Saudi Arabia’s Eastern Province. Authorities waited two… Keep reading →

22 Dead In Qingdao Oil Pipeline Blast

A new study led by researchers with Colorado School of Mines exposes limitations with the current methods used to detect chemicals in oilfield wastewater and offers solutions to help regulators make better decisions for managing this waste stream. Oilfield wastewater is extremely salty and can contain multiple combinations of many potentially harmful chemicals (approximately 1600 on a… Keep reading →

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Valero Energy Corporation will likely face an uphill battle ahead in California over its plans to purchase storage terminals in Martinez and Richmond, California from Plains All American Pipeline.

It is no secret that the nation of Greece has suffered greatly from economic woes in recent years. Greece has struggled with high unemployment and severe economic depression for years with some parties saying the country is worse off than the United States was during the great depression in the 1930s. Yet into this bleak situation hope has emerged, in the form of the energy markets.

EU, banks' and Greek flags flutter at th

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For months, OPEC has been attempting to put a floor under the price of oil, with little success. Last week the countries of OPEC renewed their commitment to this goal by extending production cuts an additional 9 months. Recognizing their inability to do this alone, OPEC brought in Russia and a host of smaller players in the oil production market. The main player’s motivation for this effort is obvious, next year the Russian elections take place and the Saudi Arabian oil IPO, Armco comes out. What is less obvious to some people, is that all of this could be an exercise in futility.

oil pump at teapot dome

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The production cuts deal lead by OPEC and Russia have received a great deal of publicity lately, but in reality it is the Chinese economy that could make or break the oil markets this year. While these supply side players have promised to do “whatever it takes” to support the price of oil, in large part the rise or fall of the world’s most traded commodity lies with their largest customer.

KARAMAY, CHINA - AUGUST 15: (CHINA OUT) Farmers work at a garden near the Karamay Oil Field under the Tianshan Mountain on August 15, 2004 in Karamay of Xinjiang Autonomous Region, west China. The nation's largest oil and gas producer, China National Petroleum Corp (CNPC) on August 22, 2005, reached an initial agreement with PetroKazakhstan Inc to buy the Canadian-registered company for US$4.18 billion, topping the bid from an Indian rival. The State-owned parent of Hong Kong-listed PetroChina, has produced 15.63 million tons of crude oil and 1.9 billion cubic metres of natural gas from its overseas fields in the first half of this year, according to a CNPC official. (Photo by China Photos/Getty Images)

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Riyadh and the house of Saud have stated their intentions to reduce oil to the United States. This action is being taken in order to reduce oil inventories in the US. According to Saudi Oil Minister Khalid Al-Falih, the near record stockpiles of oil which have accumulated in the United States are preventing a rise in global oil prices.

High Oil Prices Continue To Drive Gas Prices Steadily Upwards

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The oil industry differs from many others in that it seems to thrive on speculation and disorganization. The industry has very little desire to collect and utilize data in order to become more efficient. Data collection is instead being left to third parties who are attempting to collect and organize data in a way that it becomes useful to oil traders.

Domestic Oil And Gas Production

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