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Energy / Crude Oil

The One Sweet Spot That Continues To Drive Permian Growth

Dec 04, 2019 at 13:33 | Tsvetana Paraskova

The Bone Spring formation has been one of the most prolific shale plays in the Permian in recent years and continues to drive production growth The Bone…

Oil Soars On Crude Inventory Draw

Dec 04, 2019 at 09:45 | Irina Slav

The Energy Information Administration reported today a crude oil inventory draw of 4.9 million barrels for the week to November 29, after a 1.6-million-barrel increase reported for the…

Giant North Sea Oilfield Boosts Production To 350,000 Bpd 

Dec 03, 2019 at 12:24 | Tsvetana Paraskova

The huge Johan Sverdrup oilfield in Norway’s North Sea is already producing 350,000 barrels of oil per day, two months after coming on stream, a senior executive at Equinor, the…

India Could See Real Growth In Oil Demand Next Year

Dec 03, 2019 at 11:01 | Jon LeSage

Next year is expected to be a turnaround for oil demand in India, according to a new study by S&P Global Platts Analytics. With weakened demand caused by an economic slowdown,…

Oil Could Fall To $40 If OPEC+ Fails To Deepen Cuts

Dec 03, 2019 at 09:32 | Rystad Energy

Barring additional oil production cuts by OPEC in 2020, Rystad Energy forecasts a substantial build of global crude stocks and a corresponding drop in oil prices. A…

Will The OPEC Meeting Yield A Bullish Surprise?

Dec 02, 2019 at 17:24 | Nick Cunningham

Oil prices fell sharply on Friday on rumors that OPEC would decline to deepen the production cuts, but the rumor mill continues to churn. Over the weekend, Iraq’s oil…

How Much Crude Oil Do You Unknowingly Eat?

Dec 02, 2019 at 16:21 | Haley Zaremba

You may think (or hope) that in your daily life you don’t need to worry about unknowingly eating or otherwise ingesting crude oil or any of its many, many petrochemical…

Visualizing The US Shale Slowdown

Dec 02, 2019 at 15:57 | Peak Oil Barrel

This is a guest post by Ovi here.   All of the oil production data for the states comes from the EIA?s Petroleum Supply Monthly. The charts below are…

The Superpowers Battling Over Iraq's Giant Oil Field

Nov 29, 2019 at 16:41 | Simon Watkins

Ever since the U.S. signalled through its effective withdrawal from Syria that it now has little interest in becoming involved in military actions in the Middle East, the door has…

All Eyes On China As Oil Demand Dwindles

Nov 27, 2019 at 13:54 | Irina Slav

Despite oil prices trading in a range that should have stimulated a notable improvement in consumption, the world actually consumed just 1.6 percent more oil between June and August this…

What Can We Learn From Peak Whale Oil?

Nov 27, 2019 at 11:41 | Haley Zaremba

The energy industry is based on what was once thought of as an inexhaustible natural resource, but over-exploitation and a growing reliance on oil has made extraction more and more…

Airstrikes Disrupt Production At Libyan Oilfield

Nov 27, 2019 at 10:29 | Tsvetana Paraskova

Airstrikes have once again disrupted production of Libya’s El Feel oilfield on Wednesday, after the eastern-based Libyan National Army, led by Khalifa Haftar, retaliated after forces loyal to the…

OPEC Optimism Lifts Oil Prices

Nov 26, 2019 at 13:55 | Tom Kool

Oil prices inched higher on Tuesday morning as OPEC-driven optimism returned to markets with the cartel announcing the date of its December meeting

IEA Warns Of A Looming Oil Glut Ahead Of OPEC Meeting

Nov 26, 2019 at 12:00 | Tsvetana Paraskova

Strong oil supply growth from non-OPEC countries puts a lot of pressure on OPEC and its Russia-led partners to act, and they will hopefully make the right decision for themselves…

Iraq Is Finally Ready To Solve Its Biggest Oil Problem

Nov 26, 2019 at 09:31 | Irina Slav

The central Iraqi government said it had reached an agreement “in principle” with the government of semi-autonomous Kurdistan on the terms of sharing the oil production of the northern Iraqi…

New Iranian Attack On Saudi Oil Is ''Very Possible''

Nov 25, 2019 at 10:07 | Irina Slav

Despite the buildup of U.S. military presence in the Persian Gulf, Iran may “attack again,” the chief of the U.S. Central Command, General Kenneth McKenzie told Foreign Policy in an…

Saudi Arabia Boosts Exports To World’s Leading Oil Importer

Nov 25, 2019 at 09:07 | Tsvetana Paraskova

The world’s biggest oil exporter, Saudi Arabia, saw its crude oil sales to the world’s top oil importer, China, surge by 76 percent year on year in October, driven…

This Oil Niche Is Performing Well Even With Low Prices

Nov 22, 2019 at 16:50 | Robert Rapier

Energy stocks have had an up and down year. But one segment of the energy sector has been unfairly punished in my opinion, even though it has been financially healthier…

Did Oil Really Save The Whales?

Nov 22, 2019 at 16:30 | Irina Slav

If it weren’t for the discovery of crude oil, whales would have been hunted to extinction for blubber. We’ve all heard the argument, and it makes sense from this perspective:…

99 Oil Rigs Gone And Counting: Rig Count Falls Again

Nov 22, 2019 at 12:16 | Julianne Geiger

The US oil and gas rig count continued to fall this week, according to Baker Hughes, falling another 3 rigs for the week, according to Baker Hughes. For oil rigs,…

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