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Iran Continues To Ignore The OPEC Deal

Iran Continues To Ignore The OPEC Deal

As the majority of OPEC…

U.S. Shale Faces A Workforce Shortage

U.S. Shale Faces A Workforce Shortage

The workforce shortage in the…

Energy / Crude Oil

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OPEC In Trouble As Saudis Becoming Weary Of “Free Riders”

Mar 23, 2017 at 16:16 | Gregory Brew

From casual observation, one might be forgiven for referring to the OPEC production cut in place since November 2016 as the “Saudi production cut.” That’s because Saudi Arabia, OPEC’s leading…

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PetroChina Mulls $85 Billion Spinoff

Mar 23, 2017 at 11:09 | Irina Slav

PetroChina may be considering a spinoff for its oil and gas pipeline business, which could be worth as much as $85 billion, according to investment analysts. The suggestion has…

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Crude Inventory Build Sends Oil Prices Into A Nosedive

Mar 22, 2017 at 10:01 | Irina Slav

Amid growing worry about the direction that oil prices are heading into, the Energy Information Administration reported a 5-million-barrel build in U.S. commercial oil inventories for last week, bringing…

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A Sign Of Slowing Demand? Chinese Refiners Reach Crude Import Quota

Mar 21, 2017 at 12:12 | Irina Slav

China’s independent refiners known as teapots have used up the amount of imported crude that the government allocated to them in January, which means imports are likely to slow down…

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Iran Continues To Ignore The OPEC Deal

Mar 14, 2017 at 15:27 | Ron Patterson

All data below is in thousand barrels per day and is through February 2017. (Click to enlarge)OPEC crude oil production…

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U.S. Shale Faces A Workforce Shortage

Mar 13, 2017 at 15:43 | Irina Slav

A problem for the U.S. shale oil and gas industry that analysts and observers have warned about for a long time has materialized: there is a shortage of workers. According…

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Huge Oil Find Could Save Alaska’s Oil Sector

Mar 10, 2017 at 13:30 | Nick Cunningham

Spanish oil firm Repsol SA just announced the largest onshore oil discovery in the U.S. in three decades, a 1.2 billion barrel find on Alaska’s North Slope. Repsol has…

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What’s In Store For U.S. Shale Oil?

Mar 10, 2017 at 13:25 | Ron Patterson

(Click to enlarge)The future output from the light tight oil (LTO) sector of the U.S. oil industry is the subject of much…

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The Bakken Gets A Second Wind

Mar 10, 2017 at 11:45 | Ron Patterson

North Dakota has published January production data for the Bakken and for all North Dakota. (Click to enlarge)Bakken…

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Iran And Iraq To Ramp Up Oil Production Despite OPEC Cuts

Mar 09, 2017 at 17:54 | Rakesh Upadhyay

Though OPEC has managed to achieve a high standard of compliance, it has mostly been due to the oversized cut by the largest member of the group—Saudi Arabia. Meanwhile,…

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