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Big Oil Grows Bolder in Transition Pushback

Big Oil Grows Bolder in Transition Pushback

Several big oil executives at…

StanChart: Oil Demand Set for All-Time High in May

StanChart: Oil Demand Set for All-Time High in May

Standard Chartered: global demand will…

Energy / Crude Oil

The World’s First Trillion Dollar Oil Company Has A Big Problem

Jul 10, 2019 at 16:35 | Tsvetana Paraskova

China’s biggest oil and gas producer PetroChina—the first company in the world to reach a US$1-trillion valuation more than ten years ago—is now so cheap that it is worth less…

1 Million Bpd At Risk In Gulf Of Mexico Tropical Storm

Jul 10, 2019 at 16:23 | Nick Cunningham

Oil producers are beginning to shut down production in the Gulf of Mexico ahead of a tropical storm heading for Texas and Louisiana. The storm, named Barry, could become a…

The Next Major Catalyst For Oil

Jul 10, 2019 at 12:53 | Editorial Dept

Last week we saw OPEC+ come to terms on a deal to extend their existing supply cut agreement into March of 2020. With that transaction in the rearview, we think…

Oil Jumps On Hefty Crude Draw

Jul 10, 2019 at 09:42 | Irina Slav

The Energy Information Administration reported a huge oil inventory draw of 9.5 million barrels for the week to July 5, confirming and even exceeding the American Petroleum Institute’s estimate…

Increasingly Weak Demand Outlook Caps Oil Prices

Jul 09, 2019 at 16:39 | Nick Cunningham

Oil demand continues to soften, which could result in a supply surplus in the second half of this year. In its latest Short-Term Energy Outlook, the EIA downgraded its…

OPEC Plans Move To Seize Market Share From US Shale

Jul 05, 2019 at 17:13 | Tsvetana Paraskova

In what appeared to be one of the least heated meetings in recent years, OPEC and allies rolled over this week their production cuts into March 2020, signaling that the…

Iran Threatens Seizure Of UK Oil Tankers After Gibraltar Tanker Boarding

Jul 05, 2019 at 16:31 | ZeroHedge

Iran has called for the "immediate release" of its oil tanker after British Royal Marines boarded and seized it off Gibraltar a day ago after it took a long 90-day…

U.S. Oil Rig Count Falls Amid Rising Production

Jul 05, 2019 at 12:19 | Julianne Geiger

The US oil and gas rig count fell by 4 this week, according to Baker Hughes, which reported before Independence Day this week. The total number of active oil rigs…

Shale Boom Reshuffles Global Top 50 Oil & Gas List

Jul 04, 2019 at 10:24 | Julianne Geiger

Investor Alert: Become a Global Energy Alert member today and gain access to the exclusive Top Oil & Gas Companies of 2019 Reports for free! The shale boom…

Oil Markets Not Impressed By Small Crude Draw

Jul 03, 2019 at 09:40 | Irina Slav

A day after the American Petroleum Institute’s estimated a 5-million-barrel crude oil inventory draw and failed to reverse oil prices’ fall, the Energy Information Administration failed at that, too…

Another Beneficiary Of The OPEC Deal Emerges

Jul 02, 2019 at 13:53 | Tsvetana Paraskova

US shale won’t be the only beneficiary of higher oil prices if the commitment of OPEC and its Russia-led allies to extend their oil production cuts into March 2020 manages…

OPEC’s Future Looks Bleak As It Extends Deal

Jul 01, 2019 at 17:22 | Cyril Widdershoven

OPEC and its partners have decided to roll over the existing production cut agreement for another 9 months. After weeks of deliberations, infighting, global pressure and media…

Shale Boom Changes U.S. Position In Persian Gulf Conflict

Jun 28, 2019 at 16:40 | Irina Slav

The recent spike in tensions between the U.S. and Iran has pushed oil prices higher mostly because of the possibility—however slim—that Iran may decide to go through with its threat…

U.S. Accounts For 98% Of All Global Oil Production Growth

Jun 28, 2019 at 16:34 | Robert Rapier

Earlier this month BP released its Statistical Review of World Energy 2019. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Each…

The Oil Crisis Saudi Arabia Can't Solve

Jun 27, 2019 at 17:30 | Cyril Widdershoven

Saudi Arabia’s CEO Amin Nasr’s message to the press that oil flows to the market are guaranteed, should be taken with a pinch of salt.Looking at the…

Mexico Moves To Ramp Up Oil Production

Jun 26, 2019 at 10:58 | Haley Zaremba

It’s been a rough couple of years--make that decades--for Mexico’s state-owned oil company Petroleos Mexicanos. The country’s oil production rates have been in freefall for the last 15 years, and…

Oil Spikes On Major Inventory Draw

Jun 26, 2019 at 09:40 | Irina Slav

A day after the American Petroleum Institute pushed oil prices higher by estimating an inventory draw of as much as 7.55 million barrels for last week, the Energy Information…

China’s Risky Move To Boost Domestic Oil Production

Jun 25, 2019 at 12:02 | Vanand Meliksetian

China's unprecedented economic development since Deng Xiaoping's "Open Door Policy", has transformed the Asian country into the second largest economy of the world. The booming…

Saudi Aramco Says It's Ready For Strait Of Hormuz Disruption

Jun 25, 2019 at 11:02 | Irina Slav

Aramco is ready to continue shipping crude oil even if maritime transport through the Strait of Hormuz is disrupted, its chief executive told Bloomberg in an interview. “We are…

Trump: We Won’t Protect Foreign Oil Tankers For Free

Jun 24, 2019 at 11:59 | Tsvetana Paraskova

Countries that get their crude oil via the shipping routes in the Middle East should protect their own ships along the lanes, U.S. President Donald Trump said on Monday, as…

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