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Energy / Crude Oil

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Oil Prices Rise As EIA Reports Tiny Crude Build, Gasoline Draw

Jun 28, 2017 at 09:48 | Julianne Geiger

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…

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Deloitte: Oil Firms Face Increasingly Sophisticated Cyber Attacks

Jun 27, 2017 at 10:30 | Tsvetana Paraskova

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…

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OPEC Not In A Hurry To Cut Deeper

Jun 27, 2017 at 09:37 | Tsvetana Paraskova

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,…

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Iran’s Largest Oil Terminal Boosts Capacity To 8 Million Bpd

Jun 26, 2017 at 09:27 | Tsvetana Paraskova

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,…

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The World Is Millions Of Barrels Away From Peak Oil

Jun 23, 2017 at 17:46 | Robert Rapier

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.…

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U.S. Oil Rig Count Rises For 23rd Week In A Row

Jun 23, 2017 at 12:24 | Julianne Geiger

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…

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Largest East Coast Pipeline Reveals Demand For Gasoline Is Crashing

Jun 23, 2017 at 11:44 | ZeroHedge

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…

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Saudi Reshuffle Could Completely Shake Up Oil Markets

Jun 22, 2017 at 17:27 | Nick Cunningham

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…

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Once Again, Tensions Are Rising In Nigeria’s Oil Sector

Jun 22, 2017 at 16:22 | Shadow Governance Intel

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…

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Macquarie: OPEC Deal To Collapse In 2018

Jun 22, 2017 at 11:00 | Tsvetana Paraskova

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…

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