Despite renewable energy efforts, the…
Crude oil prices moved lower…
Saudi Arabia has approached other members of OPEC to discuss possible steps they can take to arrest a slide in oil prices that have brought them to the lowest in…
Demand growth fears have had a detrimental impact on crude prices over the last couple of days, with Brent dipping firmly under $60 a barrel and WTI racing towards the…
Continental Resources has lost around US$15 billion of its market capitalization since October 2018—more than half of its market value that now stands at around US$12 billion, in the latest…
The US Energy Information Administration lowered on Tuesday its oil demand outlook for 2019 to 1 million barrels per day, according to Reuters. The forecast comes on top of…
The Energy Information Administration reported a 2.4-million-barrel build in crude oil inventories for the week to August 2, shattering expectations of another sizeable draw. Analysts had expected a draw…
Speculative positions in the oil market were precariously balanced between bullish and bearish bets in the week to July 30 as money managers were divided in their response…
Brazil’s state-run oil company Petróleo Brasileiro SA, known as Petrobras, is in the midst of a sweeping effort to decrease its significant debt and raise profits by selling off some…
Investor Alert: Did you know that it’s going to take over $2 trillion in energy investments…every year….for the next 20 years…Just to stay afloat?…
President Donald Trump signed an executive order freezing all assets of the Venezuelan government in the United States, Reuters reports, noting the move may open space for sanctions against…
Oil prices were edging up early on Tuesday, trying to shake off several hefty sell-offs in recent days after U.S. President Donald Trump abruptly ended a tentative trade war truce…
Oil prices were trading down again Monday despite tensions in the Middle East. The latest market mover is not the tensions surrounding Iran, and it’s not outages in Libya and…
U.S. crude oil is unlikely to become a target of possible Chinese retaliatory tariffs in response to the latest American tariff threat, refinery and trading sources told S&P Global…
The Iranian Islamic Revolutionary Guard Corps said Sunday it had seized an Iraqi boat carrying 700,000 liters of fuel the Iranian army said was being smuggled, IRNA reports. Another…
PetroChina and Sinopec’s daily crude consumption grew in July 2019, because of unit restarts by PetroChina, JLC data shows. The two companies’ crude throughput totaled 33.46 million mt in July,…
While oil market participants have been focused on above-average global oil stocks and faltering demand growth, OPEC’s spare capacity has been rising because of the production cuts aimed…
Libya’s oil production plunged to a five-month low this week, dragged down by another outage at the country’s largest oil field. On July 30, Libya’s National Oil Corporation declared…
Shale oil production growth to record highs in the United States drove a 2.5-million-bpd increase in global oil production last year despite OPEC+ cuts, Italy’s Eni said in the latest…
Deeper production cuts at leading producer Saudi Arabia, lower output at sanctions-hit Iran, and outages in Libya and Venezuela sent OPEC’s crude oil production in July falling to its lowest…
Following the steep decline of Iranian oil exports after the U.S. ended all waivers for Iran’s oil buyers, Iran is calling on China and other ‘friendly countries’, as it…
Crude oil in floating and onshore storage in Iran has exceeded 110 million barrels, energy data analysts at Kpler reported this week, noting the number of barrels in floating storage…