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Energy / Crude Oil

Chinese Oil Buyers Shun U.S. Crude

May 22, 2019 at 12:23 | Irina Slav

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…

U.S. Shale Oil Production Set To Grow 16% This Year

May 21, 2019 at 11:17 | Rystad Energy

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 Stabilizes Ahead Of Weekly Inventory Data

May 21, 2019 at 09:27 | Tsvetana Paraskova

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…

Oil Rises But Some Drillers Are Filing For A Second Bankruptcy

May 20, 2019 at 16:11 | Tsvetana Paraskova

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…

Why China Hasn’t Slapped Tariffs On U.S. Oil Imports

May 20, 2019 at 11:58 | Haley Zaremba

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…

The Single Most Bullish Indicator For Oil

May 20, 2019 at 11:01 | Alex Kimani

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 Considers Extending Production Cuts Till End-2019

May 20, 2019 at 09:21 | Irina Slav

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…

Why Oil Is Still Underpriced

May 17, 2019 at 16:54 | Nick Cunningham

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,…

Iran's Trick To Sell Oil For A 30% Premium

May 17, 2019 at 16:52 | Simon Watkins

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…

Global Oil Shipping Concerns Rise Over Middle East Tensions

May 17, 2019 at 16:44 | Tim Daiss

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…

Stalemate In Libya Could Cause Next Major Oil Supply Outage

May 16, 2019 at 17:53 | Nick Cunningham

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…

Mystery Tanker With Iranian Oil Unloads In China

May 16, 2019 at 12:47 | Irina Slav

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…

No, The Oil Glut Hasn’t Disappeared

May 16, 2019 at 10:58 | Nick Cunningham

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…

Undeterred By Peak Oil, Saudis Look To Become World’s Largest Oil Trader

May 15, 2019 at 17:50 | Tsvetana Paraskova

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…

Putin Could Cut His Loss As Venezuelan Oil Output Nosedives

May 15, 2019 at 17:45 | Nick Cunningham

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…

Saudi Arabia’s Oil Addiction Won’t End Anytime Soon

May 15, 2019 at 13:48 | Tim Daiss

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 Oil Refineries Return To Record-High Production

May 15, 2019 at 09:59 | Irina Slav

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…

OPECs Spare Capacity Could Be Put To The Test

May 14, 2019 at 14:02 | Julianne Geiger

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…

Global Oil Flows At Stake In New Middle East Proxy War

May 14, 2019 at 10:59 | Cyril Widdershoven

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…

The Battle For Control Over Iraq’s Oil

May 13, 2019 at 16:06 | Simon Watkins

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…

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