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Energy / Crude Oil

Will China Continue Its Canadian Crude Buying Spree?

Nov 08, 2018 at 16:07 | Irina Slav

Chinese refiners have been buying a lot of Canadian crude oil in the last couple of months, taking advantage of the massive discount of Western Canadian Select to West Texas…

U.S. Oil Production Is Set To Soar Past 12 Million Bpd

Nov 07, 2018 at 16:01 | Tsvetana Paraskova

Rising shale production is putting the United States on track to hit the 12 million bpd oil production mark sooner than previously forecast, the Energy Information Administration (EIA) said…

This Oil Boom Is Going Under The Radar

Nov 07, 2018 at 15:55 | Irina Slav

If anyone needed any further proof that Africa is shaping up as the next major hot spot in oil and gas, this year’s edition of Africa Oil Week will provide…

Iran’s Ghost Tankers Are Slipping Through The Cracks

Nov 07, 2018 at 11:50 | ZeroHedge

In anticipation of the U.S. sanctions against Iranian oil exports, which were reimposed by the Trump Administration on Monday (along with additional sanctions on everything from Iranian shipping to banking…

Can We Expect A New Round Of Oil Production Cuts Next Year?

Nov 07, 2018 at 11:19 | Tsvetana Paraskova

Saudi Arabia and Russia have started bilateral consultations on whether they should start cutting oil production again in 2019, Russian news agency TASS reported on Wednesday, citing an OPEC…

Oil Prices Slip On Crude, Gasoline Inventory Build

Nov 07, 2018 at 09:43 | Irina Slav

After on Tuesday the API accelerated the price slide that began last week with an estimated crude oil inventory build of 7.83 million barrels, the EIA added fuel to…

The Truth About Iran Oil Sanction Waivers

Nov 06, 2018 at 17:00 | Nick Cunningham

The Trump administration has dropped the hammer, officially putting sanctions on Iran’s oil exports. Why, then, might Iran’s oil exports actually increase in the near future? The U.S. granted waivers…

Is Shale The Future For Big Oil?

Nov 06, 2018 at 16:54 | Irina Slav

If anyone had compared shale oil to Google five years ago, it would have sounded strange. Yet when last week in a report Wood Mackenzie’s chairman and chief analyst Simon…

The Clock Is Ticking For China’s Oil Independence

Nov 06, 2018 at 15:53 | Tim Daiss

China is pulling out all stops in order to increase its oil and gas production, but at the end of the day it will likely not be enough to stop…

China To Boost Shale Oil, Gas Production

Nov 06, 2018 at 11:58 | Tsvetana Paraskova

China’s biggest energy producers are tapping more tight oil and gas wells, aiming to increase domestic oil and natural gas production at the world’s largest crude oil importer and what…

$20 Canadian Oil Could Last Another Year

Nov 05, 2018 at 13:08 | Tsvetana Paraskova

As the biggest Canadian oil producers reported Q3 earnings in the past two weeks, analysts were more interested in the companies’ expectations about takeaway capacity rather than earnings, due to…

The Rapid Acceleration Towards Peak Oil Demand

Nov 05, 2018 at 12:49 | Dwayne Purvis

The drumbeat towards peak oil demand is accelerating, but since much of the acceleration is happening outside of the United States, its cadence is muted. To be clear, the developed…

Washington Issues Waivers, Warns Against Trading Oil With Iran

Nov 05, 2018 at 09:35 | Irina Slav

Almost six months after Washington announced its withdrawal from the JCPOA deal, the U.S. formally re-instated sanctions on Iran as of today. In a press conference, U.S. Secretary of State Mike…

This Major Cover Up Could Wreak Havoc On Global Oil Markets

Nov 02, 2018 at 17:27 | Tim Daiss

The decision facing President Donald Trump is not an easy one, a problem not of his own choosing and one that the politically charged president would rather not have to…

Hedge Funds Are Bearish. A Bullish Sign For Oil?

Nov 02, 2018 at 15:46 | Editorial Dept

Last week’s Commitment of Traders report showed yet another round of massive selling of ICE Brent and NYMEX WTI contracts by hedge funds. NYMEX WTI net length fell from 240k…

An Epitome Of Gloom: Venezuela’s Oil Output Is Still Plunging

Nov 02, 2018 at 15:39 | Editorial Dept

You have probably seen and read dozens of articles foretelling the impending fall of the Maduro regime in Venezuela. A civil war brought about by the populace’s pauperization…

Oil, Gas Drilling In Canada Set For A Decline

Nov 02, 2018 at 14:23 | Irina Slav

Drilling for oil and gas in Canada will likely decline by 5 percent in 2019, the Petroleum Services Association of Canada has forecast, blaming pipeline capacity shortages and the…

U.S. And OPEC Flood Oil Market Ahead Of Midterms

Nov 01, 2018 at 17:47 | Nick Cunningham

OPEC and the U.S. are together adding enormous volumes of new supply, which together have softened the oil market. In October, OPEC hiked oil production to the highest level since…

Does U.S. Oil Really Need More Oil Export Terminals?

Nov 01, 2018 at 17:26 | Irina Slav

When U.S. crude oil exports earlier this year hit a record high of 3 million bpd, there was much joy and back-slapping, but amid this joy a few problems have…

The Clock Is Ticking: How Much Oil Will Iran Lose?

Nov 01, 2018 at 11:53 | Irina Slav

Those energy analysts who are not yet bored to death with the whole Iran business must be having a field day making forecast after forecast about how many barrels the…

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