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Unmasking Nigeria’s Oil Cartel

Unmasking Nigeria’s Oil Cartel

Oil theft in Nigeria is…

Oil Majors Snatch Up Mexican Oil Blocks

Oil Majors Snatch Up Mexican Oil Blocks

Mexico held another oil auction…

Energy / Crude Oil

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Can U.S. Shale Survive Below $40?

Jun 21, 2017 at 13:55 | Nick Cunningham

Many U.S. shale drillers have said that they have full-proofed their operations for $40 oil, having lowered breakeven prices substantially over the last few years. They may soon have to…

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Sinking Louisiana: A Major Threat To Billions In Oil Infrastructure

Jun 21, 2017 at 11:33 | Irina Slav

That Louisiana is sinking into the Gulf of Mexico is not news. Rising seas and coastline erosion have been working together for decades, but this sinking may well be happening…

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Iran: OPEC Considers Cutting Deeper As U.S. Shale Beats Forecasts

Jun 21, 2017 at 10:57 | Tsvetana Paraskova

Just a week has passed since an OPEC official last aired the possibility of deeper cuts, and comments on steeper reductions are resurfacing from the cartel, just a day after…

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Crude Inventory Draw Offers Sliver Of Hope For Oil Markets

Jun 21, 2017 at 09:50 | Irina Slav

With WTI slipping into a bear market, global floating oil storage at a record high for this year, and Libya getting closer to its target of 1 million barrels…

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Who Controls The Oil As Kurdish Independence Looms?

Jun 20, 2017 at 16:18 | Gregory Brew

Kurdistan, the autonomous region of northern Iraq that is rich in oil resources and has proven an effective force against the spread of the Islamic State, has announced that it…

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Oil Majors Snatch Up Mexican Oil Blocks

Jun 20, 2017 at 15:51 | Nick Cunningham

Mexico hosted another oil auction on Monday, auctioning off shallow water oil and gas blocks to international companies. The auction was the latest in a series of offerings related to…

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Inside The World’s Most Sophisticated Refining Industry

Jun 19, 2017 at 15:41 | Omar Mawji

Over the past 5 years, focus on the U.S. oil & gas sector has centered around oil production from the U.S. shale revolution while neglecting, arguably, the most important part…

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OPEC Deal In Jeopardy As Libyan Oil Output Nears 1 Million Bpd

Jun 16, 2017 at 17:38 | Tsvetana Paraskova

Libya—whose production has been hampered by civil unrest, political divides, and oil export terminals blockades over the past few years—is now targeting to further increase its oil output. Its most…

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Oil Sands Output Growth Second Only To Shale

Jun 16, 2017 at 17:34 | Irina Slav

Canada’s Mordor, as environmentalists like to call the oil sands, is notorious for how “dirty” oil extraction is there. It’s also notorious for how expensive it is to extract. The…

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Oil Prices Fall As IEA Points At Poor Fundamentals

Jun 14, 2017 at 15:34 | Nick Cunningham

Oil slumped again on Wednesday on a downbeat assessment from the IEA regarding the health of the oil market. After posting some relatively optimistic projections for the “rebalancing” process in…

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