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New Data Points To Rebound In Offshore Oil

New Data Points To Rebound In Offshore Oil

New data on the offshore…

Oil Prices Fall In Spite Of Bullish OPEC Data

Oil Prices Fall In Spite Of Bullish OPEC Data

In its latest Monthly Oil…

Energy / Crude Oil

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Trump Angers Buffett – To Sign Executive Orders On Keystone, Dakota Pipelines

Jan 24, 2017 at 09:44 | ZeroHedge

It is just day two of his presidency, and already Trump is taking a sledgehammer to the Obama legacy: in his latest move reported moments ago by Bloomberg, president Trump…

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North Sea Oil Producers Cash In On Asian Demand, OPEC Deal

Jan 24, 2017 at 08:15 | Irina Slav

Crude oil from the North Sea is flowing to Asia at record rates, set to reach 12 million barrels this month, Bloomberg reports, citing shipping data. Tankers carrying 9…

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Oil Sands Are An Easy Target But They Are Going Nowhere

Jan 23, 2017 at 14:24 | Irina Slav

Canada’s PM Justin Trudeau sparked outrage earlier this month by saying the Alberta oil sands need to be “phased out”. Because the oil sands industry is the third-biggest employer…

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Why Russia Beat Saudi Arabia As China’s No.1 Oil Supplier

Jan 23, 2017 at 10:58 | Irina Slav

Russia last year overtook Saudi Arabia as China’s biggest supplier of crude oil thanks in large part to increased demand from independent refineries, popularly called teapots. This is what…

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Brazil’s Massive Oil Upside Explained In One Chart

Jan 23, 2017 at 09:38 | Dave Forest

As I’m writing this, I’ve got maps of four different continents open on my desktop. It’s been a busy week. With projects advancing in all these far-flung locales, for gold,…

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Saudi Energy Minister Says 1.5M Bpd Of Oil Off The Market Now

Jan 20, 2017 at 16:32 | Damir Kaletovic

Some 1.5 million of an agreed upon 1.8 million barrels per day of oil has been taken out of the market in January, Saudi Arabian Energy Minister Khalid al-Falih…

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Will This Be The Biggest Oil Bid Round This Decade?

Jan 20, 2017 at 09:40 | Dave Forest

Big spending is back in the oil and gas world. With ExxonMobil unloading a $6.6 billion mega-buy in the Permian Basin of Texas this week — just a day…

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U.S. Shale To Put A Firm Cap On Oil Prices

Jan 18, 2017 at 17:00 | Irina Slav

The latest Drilling Productivity Report released by the Energy Information Administration has shown that crude oil output in the shale patch will continue rising next month, with the Permian…

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Oil Prices Fall In Spite Of Bullish OPEC Data

Jan 18, 2017 at 10:52 | Irina Slav

OPEC, in its latest Monthly Oil Market Report, raised its forecast for global crude oil demand to 95.60 million barrels daily, up by 1.16 million bpd from…

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Oil Production Here Is Declining Faster Than Anywhere On Earth

Jan 18, 2017 at 09:53 | Dave Forest

Series of important warnings emerging in the oil sector this week. With several sources noting that production is taking a steep nosedive — in one particular part of the world.…

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