Citigroup Says 42% of Clients Have No Energy Transition Plan
UK oil major Wood Group…
Per the latest weekly data…
Chinese oil traders and refiners no longer want to sign long-term supply agreements with U.S. producers, said the chief executive of Enterprise Products Partners as quoted by Reuters, amid…
US shale operators are on course to increase oil production significantly in 2019. The growth in US onshore production from the first quarter through the fourth quarter…
Oil prices seesawed early on Tuesday, supported by indications that OPEC may opt for prolonging the production cut deal beyond June, while tensions between the U.S. and Iran continued to…
Not everyone in the shale patch is profiting from the higher oil prices this year, the continuously rising oil production in the Permian, and the record U.S. crude output. While…
The United States has quickly become one of the top crude producers in the world thanks to the shale boom fueled by the shale oil and gas powerhouse that is…
Oil prices have gone through a significant correction over the past few weeks, with WTI crude dropping from a six-month high of $66.30/barrel on April 23 to…
OPEC and its partners may decide to keep the oil production cuts until the end of the year as the cartel fears a steep price drop if cuts were to…
Oil prices seesawed over the past week, jerked higher by tension in the Middle East but dragged down by fears of the fallout from the U.S.-China trade war. In fact,…
Given the U.S.’s deployment earlier this month of an aircraft carrier battle group to the Persian Gulf and comments that it may send up to 120,000 troops to…
While global oil markets are accustomed to factoring geopolitical uncertainty into oil prices, this kind of geopolitical fallout hasn’t been seen for a number of years. The world’s largest oil…
The fighting in Libya has devolved into a protracted stalemate, which does not bode well for the country’s oil production. General Khalifa Haftar and his militia, the Libyan National Army…
A tanker carrying Iranian fuel oil has reached its destination at a Chinese port and has unloaded its cargo in storage tanks, Reuters reports, citing shipping data. The shipment…
Global oil demand may be a bit lower this year than previously thought, weighed down by weaker consumption rates in emerging markets. The International Energy Agency lowered its demand growth…
Saudi Arabia’s state oil giant Aramco says that it doesn’t believe all the ‘peak oil demand hype’ and expects that its crude oil will be in high demand for decades…
Venezuela’s oil production held up last month, but appears to be falling off a cliff once again. Output in Venezuela rebounded a bit in April, following the horrific electricity…
OPEC de facto leader and the world’s largest crude oil exporter Saudi Arabia is still trying to pivot away from over-reliance on crude oil export revenue. But, to achieve this…
Chinese refineries returned to record-high processing rates last month driven by the so-called teapots, which added a substantial amount of new refining capacity. According to Reuters, the average daily…
OPEC’s spare capacity may be put to the test as oil prices jumped on Tuesday after tensions in the Middle East rose on multiple reports of unrest, including four damaged…
The tensions between Saudi Arabia/UAE and Iran seem to be heading for a new showdown, as the media hype during the weekend has shown. Not only have unknown assailants attacked…
Iraq regards the U.S.’s refusal to extend waivers for countries importing oil from Iran as a tacit endorsement for it to pump its own oil to the maximum. This dovetails…