The US achieved record-breaking oil…
Several big oil executives at…
Oil demand could rebound enough to exceed supply by the end of this month, Goldman’s head of commodities Jeffrey Currie told Barron’s Market Brief, noting that this would be in no…
U.S. oil prices slumped into negative territory less than a month ago as storage space fills up fast. And yet it appears that some producers are ready to…
The United States is on track to cut 1.7 million barrels of oil production per day, according to Reuters calculations of state and company data shared on Thursday. It was U.S.…
Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in the heart of…
One of the main reasons why the coronavirus-induced price slump feels so odd is that it is accompanied by a prolonged price war that has simultaneously dropped crude differentials, in…
Saudi Arabia’s oil giant Aramco raised the price for all its crude oil grades to all regions for June in a move that analysts see as the start of demand…
China crude oil imports increased in April to about 9.84 million bpd as demand for fuels began to rebound, Reuters reports, citing customs data. The country’s overall exports posted an…
It might sound like a headline about Canada’s oil industry or Venezuela’s, but even the most prolific basins in the U.S. shale patch are crumbling under the weight of low…
Coronavirus coverage might overshadow the recent developments in Libya, yet rarely has the situation on ground been more complex and difficult to predict. Field Marshal Khalifa Haftar first announced that…
The Saudi-Russian oil price war may be officially over with the new, historic, OPEC+ deal, but Saudi Arabia has continued to aggressively pursue additional market share in Asia and managed…
The Energy Information Administration reported a crude oil inventory build of 4.6 million barrels for the week to April 24, after a 9-million-barrel build the previous week. This compared…
Oil prices are rising as supply shut ins mount and oil demand seems to be turning a corner. Some oil market analysts even warn that a supply deficit…
When Russia refused two months ago to join the deeper OPEC oil cuts, it was because Moscow found them unnecessary. Two months later, Russia agreed to cut quite…
Last Friday, Warren Buffett served a new blow to an already troubled industry, shaking it to the core: The celebrity investor announced that…
Ryan Sitton, the Texas Railroad Commissioner who first floated the idea of state-mandated oil production cuts, has thrown in the towel after failing to convince his two co-commissioners…
Oil companies, oil refiners, and oil traders believe that the worst of the demand destruction is already behind us. But the jury is still out on how long…
After months of a deep and harrowing slide, fuel demand across the world is finally starting to sputter back to life. Traffic data, pipeline…
OPEC member Algeria has decided it would slash its budget for this year by 50 percent, due to the drastically lower income from oil after the price crash. Algeria –…
“Cushing, Oklahoma: Pipeline Crossroads of the World.” The emblematic slogan of the Cushing oil hub does not exaggerate. Cushing, a town of several thousand, has become a media…
It is very common today to read about shutting-in of producing oil and gas wells to reflect the reality there are fewer and fewer places