Several big oil executives at…
Standard Chartered: global demand will…
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…
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…
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…
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…
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…
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 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…
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…
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…
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…
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 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…
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…
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…
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…
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…
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 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…
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…
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…