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Energy / Crude Oil

The Oil Industry Needs Large New Discoveries, Very Soon

Oct 01, 2018 at 17:08 | Tsvetana Paraskova

Market participants and analysts are all focused on the imminent oil supply gap that is opening with the U.S. sanctions on Iran just five weeks away. But beyond the shortest…

Who Will Save Ukraine’s Dying Refineries?

Oct 01, 2018 at 12:48 | Viktor Katona

Ever since war broke out in Eastern Ukraine, the energy industry has been guessing what will happen to Ukraine’s gas transit and its transmission system. In the background, however,…

Saudi Arabia, Kuwait Discuss New Oil Production In Neutral Zone

Oct 01, 2018 at 10:49 | Irina Slav

Saudi Arabia’s Crown Prince Mohammed has discussed the restart of crude oil production in the neutral zone between Saudi Arabia and Kuwait during a meeting with Kuwait’s Emir Sheikh Sabah…

Ignore The Hype – Oil Prices Aren’t Going Back To $100

Sep 28, 2018 at 17:37 | Arthur Berman

The breakout in Brent crude prices above $80 this week has prompted analysts at the sell side banks to start talking about a return to $100 a barrel oil. Even President…

How Much Spare Capacity Does Saudi Arabia Really Have?

Sep 28, 2018 at 17:37 | Nick Cunningham

Saudi Arabia has pledged to cover any supply gap that may emerge as Iranian oil goes offline, but how much spare capacity does it really have? The massive reserve of…

Refiners Struggle To Adapt To The Shale Boom

Sep 28, 2018 at 17:37 | Irina Slav

U.S. shale production is at record highs and the momentum is still not over. A lot has been said about the energy self-sufficiency implications of this trend, but there’s something…

Why A U.S. SPR Release Would Not Matter

Sep 27, 2018 at 16:32 | Nick Cunningham

The decision by OPEC+ to essentially let Brent crude rise above $80 per barrel, a four-year high, was met with outrage by U.S. President Trump. At the UN General…

The Biggest Wildcard In The Iran Sanctions Saga

Sep 27, 2018 at 15:54 | Irina Slav

In the last 24 hours there have been two fascinating media reports about the Iran sanctions: one is a Bloomberg story saying Indian refiners will not buy any Iranian…

U.S. Will Not Release Oil From SPR To Offset Iran Sanctions

Sep 27, 2018 at 10:13 | Irina Slav

The United States will not sell crude oil from the Strategic Petroleum Reserve to help ensure the global market is well supplied when sanctions against Iran enter into effect, Reuters…

OPEC Secretly Discusses 500,000 Bpd Production Boost

Sep 27, 2018 at 09:22 | Irina Slav

Saudi Arabia and other OPEC members have been discussing on the quiet a half-a-million-barrel increase in their combined oil production to keep a lid on oil prices, unnamed sources

What Peak Oil Demand, Copper And 3D Printing Have In Common

Sep 26, 2018 at 15:53 | Justin Ziebart

The debate about Peak Oil Demand (POD) will likely rage on for quite some time. Years ago, Peak Oil theories on production and supply were…

India Builds Up Strategic Oil Reserve

Sep 26, 2018 at 11:57 | Irina Slav

India will soon start looking for investors in the second phase of its strategic petroleum reserve, a senior executive of the company managing the reserve told Reuters. The second…

How The EU Is Helping Iran Skirt Sanctions

Sep 25, 2018 at 17:09 | Nick Cunningham

At the UN General Assembly on Tuesday, U.S. President Donald Trump was laughed at by global leaders when he boasted about his accomplishments. He may feel insulted by the…

OPEC's No.4 Vows To Boost Spare Oil Capacity

Sep 25, 2018 at 16:28 | Tsvetana Paraskova

OPEC and allies snubbed calls from U.S. President Donald Trump to lower oil prices, saying on Sunday that they are satisfied with the “overall healthy balance between supply and…

Schlumberger To Buy Russia's Leading Drilling Company

Sep 25, 2018 at 11:27 | Viktor Katona

The past four years have been a 21st century low point for Western foreign investment in Russia, with sanctions, unlawful trade practices and ceaseless wars in the Greater Middle East…

Has Iran Started To Switch Off Oil Tanker Tracking Systems?

Sep 25, 2018 at 10:39 | Tsvetana Paraskova

With U.S. sanctions on Iran’s oil exports just six weeks away, at least ten Iranian oil supertankers have gone dark, not having broadcast any signal for at least a week,…

Don't Underestimate The Trade War Impact On Oil Demand

Sep 25, 2018 at 09:31 | Irina Slav

A squeeze on oil demand is looming as a result of the U.S.-China trade war, a senior BP executive told Reuters. Acknowledging the bullish effect of U.S. sanctions on…

OPEC: IMO Rules Will Boost Oil Demand By 400,000 Bpd

Sep 24, 2018 at 16:33 | Irina Slav

The entry into effect of tighter emission rules for bunkering fuel will cause a temporary spike in crude oil demand as refineries increase their daily runs by around 400,000 bpd,…

Saudis To Pump More Crude Oil In The Next Three Months

Sep 24, 2018 at 13:33 | Irina Slav

Saudi Arabia will boost its crude oil production in the coming months as it expects stronger demand, Oil Minister Khalid al-Falih said this weekend, as quoted by S&P Global…

Canadian Shale Is Hitting The Wall

Sep 21, 2018 at 17:05 | Tsvetana Paraskova

Plunging Canadian prices have been depressing oil producers’ realized prices and revenues, even though the U.S. benchmark and the international Brent Crude prices have rallied year to date. But it’s…

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