Javier Blas analyzes the impact…
Global oil demand growth is…
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…
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…
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…
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…
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…
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 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…
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…
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’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…
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 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…
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…
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…
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…
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…
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…
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…
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…
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…