Standard Chartered has predicted global…
The market is growing increasingly…
Crude oil price fell further today after the Energy Information Administration reported another build in inventories at 2.2 million barrels for the week to June 7. This compares…
Canada’s oil industry continues to face major pipeline bottlenecks as production far outpaces transport capacity, a persistent issue that has led to significantly decreased oil prices and a major loss…
The United States saw its crude oil and liquids demand jump in 2018 at its fastest pace in over a decade on the back of growing petrochemical plant capacity that…
U.S. sanctions on Iran’s oil industry were bound to be good news for fellow OPEC producers in the Middle East even if it wouldn’t have been good manners to acknowledge…
OPEC’s oil production dropped by 170,000 bpd from April to 30.09 million bpd in May—the lowest level since February 2015, as Saudi Arabia cut its oil output even deeper despite…
OPEC is close to reaching an agreement to extend the production cut deal beyond its current expiry date at the end of June, Khalid al-Falih, the energy minister of OPEC’s…
Even as oil demand is beginning to weaken this year due to a brewing economic slowdown, the oil industry faces a longer-term threat to oil demand as bans on plastic…
The U.S. Gulf Coast saw its crude oil imports in March at their lowest level since 1986, as rising domestic production and falling imports from OPEC including Venezuela have started…
US oil production keeps accelerating towards new highs. New records are expected both when the final numbers for May emerge and at the end of the year. Rystad Energy is…
Russia doesn’t need oil prices to be too high and sees the $60-65 a barrel price—the price at which Brent Crude currently trades—as “quite satisfactory,” Russian President Vladimir Putin…
Crude oil production from Canada’s oil sands could rise by a million barrels from today’s average daily rate to as much as 4 million bpd in 2030 despite a slowdown…
General Erwin Rommel, “the Desert Fox,” was reputedly the best tactician in the entire German Army. For years, he led his panzers across multiple campaigns in North Africa. But what…
The giant Kashagan oil field in Kazakhstan hit a record-high oil production of 400,000 bpd on Tuesday, a few weeks after returning from planned maintenance, three sources familiar with the…
Crude oil price trended lower after the Energy Information Administration reported a weekly build in crude oil inventories, at a sizeable 6.8 million barrels. This compares with a
Russia’s largest oil producer Rosneft is in talks with the government for possible compensation for losses in case OPEC and its Russia-led non-OPEC partners decide to extend the production cut…
Oil prices were down early on Tuesday, with Brent Crude hitting its lowest level since January and WTI Crude at its lowest since February as trade disputes continued to weigh…
The meltdown for oil prices came to a halt, at least temporarily, after Saudi Arabia signaled that the OPEC+ production cuts would be sticking around for a little while longer.…
“I am not sure there is a supply shortage,” Khalid al-Falih, the energy minister of the world’s top oil exporter and OPEC’s largest producer, Saudi Arabia, told Reuters in…
The downstream sector of the oil and gas market may be facing challenging times ahead as the demand picture for refined products such as diesel, gasoline, and petrochemicals is expected…
As the U.S.-China trade war continues to escalate, Beijing and its energy giants appear to be bracing for a worst-case scenario where the spat would drag on for years…