The Biden administration has canceled…
U.S. shale has provided that…
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…
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’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…
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…
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…
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…
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…
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…
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…
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
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 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…
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 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…
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…
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,…
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…
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,…
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…
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…