OilPrices

Oil sand samples obtained from the Yousha Mountain in the Qaidam basin located in the northwestern region of China have been sampled, tested and deemed "feasible" for further development and exploration. As the China Petroleum Daily reports, samples contain a high percentage of clean oil that ...

Opening an article with the question, "how much does gas cost?" seems like it requires a fairly straightforward answer. You could hop in your car, drive to the nearest gas station and answer it in no time. Similarly, you could hit up the site GasBuddy and find an answer even quicker. Using either ...

Fuel efficiency has been a hot topic as of late, both for consumers looking to ease their financial and environmental burdens and for automakers hoping to meet the latest round of government-mandated mileage requirements. A few months ago in late March – importantly, that means the survey ...

The U.S. military thinks we're one step closer to peak oil, the point at which oil demand will forever outstrip oil supply, and therefore we're one step closer to fighting over the last rusting cans of gasoline like so many scraps of meat. On the plus side, we're also one step closer to finally ...

Two years ago, the price of oil was shooting to highs of over 100 dollars a barrel. Today, it's not quite that high, but the price of a barrel of crude did hit $86.62 this week, its highest point in 17 months, thanks (?) in part to "growth in American jobs and service industries signaled that the ...

The cosmic oil-consumption scales have been tipping back and forth a lot this week. On Tuesday, Nissan revealed that its all-electric Leaf will be priced lower than most of us expected. On Wednesday, President Obama announced that we'll be ramping up our off-shore drilling efforts on the East ...

While it's certainly possible to run automobiles on natural gas instead of gasoline (see the Civic GX), there is a decided lack of natural gas vehicles in the U.S. This might become a problem that needs solving, quick, if an analysis in Ground Report turns out to be accurate. The fear? That the ...

America might get most of its oil from Canada, but the moves that OPEC makes still reverberate here. Thus, a statement by the Kuwaiti Oil Minister Sheikh Ahmed al-Abdullah al-Sabah to reporters yesterday probably won't help decrease domestic gasoline prices any time soon. OPEC's al-Sabah said that ...

If you know what the acronym VMT stands for, then this story probably won't come as much of a surprise. VMT stands for vehicle-miles traveled, and Americans drove their VMT numbers way, way down last year. VMT is just one way to measure demand for oil, and the decrease in VMT plus the rise of ...

It's hard to predict the future. Well, it's actually quite easy to make a prediction - it's just hard to predict what will actually happen. Take gas prices. With the recent announcement that OPEC would make a substantial production cut - 2.2 million barrels a day - to bring oil prices back up, an ...