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U.S. Oil and Gas Boom Poses Challenge to Climate Goals

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Despite renewable energy efforts, the…

Oil Moves Down on Crude Inventory Build

Oil Moves Down on Crude Inventory Build

Crude oil prices moved lower…

Energy / Crude Oil

Saudis Scramble To Arrest Oil Price Slide

Aug 08, 2019 at 09:20 | Irina Slav

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…

The Bullish EIA Message Markets Have Overlooked

Aug 07, 2019 at 14:19 | Nawar Alsaadi

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…

Shale Bloodbath Continues: Continental Loses Half Its Market Value In 10 Months

Aug 07, 2019 at 11:49 | Tsvetana Paraskova

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…

EIA Lowers World Oil Demand Forecast Again

Aug 07, 2019 at 09:56 | Julianne Geiger

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…

Oil Prices Slide On Surprise Crude Build

Aug 07, 2019 at 09:42 | Irina Slav

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…

Hedge Funds Turn Their Back On Oil

Aug 06, 2019 at 16:14 | Tsvetana Paraskova

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…

Could This Be A Turning Point For Petrobras?

Aug 06, 2019 at 12:39 | Haley Zaremba

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…

Oil Struggles As Markets Rocked By Trade War

Aug 06, 2019 at 12:15 | Tom Kool

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?…

Trump Freezes All Caracas Assets In Surprise Move

Aug 06, 2019 at 09:56 | Irina Slav

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 Tries To Rebound From Trade War-Inflicted Rout

Aug 06, 2019 at 08:52 | Tsvetana Paraskova

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…

Brent Drops Below $60 Amid Global Stock Market Slide

Aug 05, 2019 at 13:40 | Julianne Geiger

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…

China Unlikely To Slap Retaliatory Tariff On U.S. Crude Oil

Aug 05, 2019 at 10:34 | Tsvetana Paraskova

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…

Iran Seizes Iraqi Vessel In The Gulf

Aug 05, 2019 at 09:17 | Irina Slav

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…

Chinese Oil Majors Consume More Crude In July

Aug 02, 2019 at 12:06 | JLC

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,…

Is There Enough Spare Capacity To Absorb An Oil Shock?

Aug 01, 2019 at 14:29 | Tsvetana Paraskova

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 Falls Below 1 Million Bpd

Aug 01, 2019 at 13:27 | Nick Cunningham

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…

Light Oil Set To Flood Global Market

Aug 01, 2019 at 13:11 | Irina Slav

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…

OPEC Oil Production Drops To Eight-Year Low

Aug 01, 2019 at 03:25 | Tsvetana Paraskova

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…

Iran To China: Buy More Of Our Oil

Jul 30, 2019 at 05:12 | Tsvetana Paraskova

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…

A Ticking Time Bomb For Oil Markets

Jul 30, 2019 at 04:48 | Irina Slav

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…

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