Oil Majors Snatch Up Mexican Oil Blocks
Mexico held another oil auction…
Largest East Coast Pipeline Reveals Demand For Gasoline Is Crashing
The start of the summer…
Energy / Crude Oil
Oil Prices Rise As EIA Reports Tiny Crude Build, Gasoline Draw
A day after API reported a rather shocking crude oil and gasoline inventory build, the Energy Information Administration (EIA) confirmed a small inventory build for crude oil of 100,000…
Deloitte: Oil Firms Face Increasingly Sophisticated Cyber Attacks
Contrary to popular belief that the oil and gas industry is not among the top targets of hackers, energy was the second-most prone industry to cyber-attacks last year, with almost…
OPEC Not In A Hurry To Cut Deeper
OPEC may be mulling over deeper oil production cuts, but they won’t be rushing to make that decision, even though a panel monitoring the cuts will be meeting next month,…
Iran’s Largest Oil Terminal Boosts Capacity To 8 Million Bpd
The Kharg oil terminal in Iran has increased its crude oil loading capacity to 8 million barrels per day (bdp), three times the current Iranian crude and condensate exports,…
The World Is Millions Of Barrels Away From Peak Oil
The notion that demand for crude oil will soon peak has largely replaced the idea from a decade ago that crude oil production was about to peak for geological reasons.…
U.S. Oil Rig Count Rises For 23rd Week In A Row
The number of active oil and gas rigs in the United States rose again this week by 8—marking 23 weeks of gains and continuing to press upon battered markets…
Largest East Coast Pipeline Reveals Demand For Gasoline Is Crashing
There's a reason this week's EIA survey showing gasoline and oil supplies declining has failed to stop RBOB prices from collapsing to 7-month lows: The start of the summer has…
Saudi Reshuffle Could Completely Shake Up Oil Markets
The power restructuring in Saudi Arabia this week led to the elevation of 31-year-old Mohammed bin Salman to crown prince, essentially ensuring that he will become the youngest king…
Once Again, Tensions Are Rising In Nigeria’s Oil Sector
On 2nd May 2017, Nigeria’s House of Representatives rejected a motion requesting that the House compel international oil companies (IOCs) to relocate their headquarters to the Niger Delta. The initiative…
Macquarie: OPEC Deal To Collapse In 2018
OPEC’s production cut deal is unlikely to survive beyond its current deadline in March 2018, with the agreement seen falling apart towards the middle of next year, in which case…
