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Energy / Crude Oil

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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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$25 Trillion Investment Needed To Meet Future Oil Demand

Jan 17, 2017 at 17:15 | Tsvetana Paraskova

The world needs to invest US$25 trillion in new oil-producing capacity over the next 25 years to meet growing demand, Saudi Aramco’s chief executive Amin Nasser said at the World…

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Declining Chinese Oil Production Could Help Boost Oil Prices

Jan 17, 2017 at 17:07 | Nick Cunningham

While all eyes are on OPEC to see whether or not they will follow through on production cuts, there is another major source of oil supply that will have a…

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China Leads Unprecedented Drop In Asian Crude Production

Jan 17, 2017 at 09:48 | Irina Slav

Crude oil production in the Asia-Pacific is falling at a unique rate, according to a report from Wood Mackenzie, with China accounting for about half of the decline, Wood…

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The Rebound Is Here: Megaprojects Back On The Table

Jan 16, 2017 at 15:10 | Precise Consultants

Hey 2017 – get you. Straight out of the box and it’s delivered some prestantious news, in the form of a Wood Mackenzie report. We don’t know how you feel,…

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Oil Could Rise Further On Stronger Asian Crude Demand

Jan 16, 2017 at 11:44 | Matt Smith

With markets closed today to witness Martin Luther King Jr. Day, prices are not surprisingly rather subdued amid quiet electronic trading. Nonetheless, fun and games will ramp up from tomorrow,…

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2017 Another Year Of Excessive Volatility For Oil Prices

Jan 16, 2017 at 10:56 | Irina Slav

This year will see further volatility in oil prices despite international efforts to restore the market to balance and improve prices more consistently. This push may, however, rebalance the market…

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Leaner And Meaner: Oil Majors Capitalize On Higher Crude Prices

Jan 13, 2017 at 16:15 | Tsvetana Paraskova

The recent recovery of oil prices couldn’t have come at a better time for the world’s top oil majors that have ridden the rough oil price crash with huge investment…

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