Standard Chartered has predicted global…
Investors are ditching the oil…
Last month, the Trump Administration announced that it would replace fuel efficiency standards enacted by the Obama Administration in order to make cars safer and more affordable. The new proposal unveiled…
For a few months now, OPEC has been boosting production to ease concerns about high oil prices amid expected supply losses from Venezuela and Iran. The cartel’s largest producer and…
More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next? Oil prices…
These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production. The data is through June 2018 and is in thousands of barrels per day.
There are at least 41 billion untapped barrels of crude oil in sub-Saharan Africa, the U.S. Geological Survey estimated two years ago. During the downturn, oil companies bought licenses…
Global oil demand will reach 100 million bpd later this year, “much sooner” than previously anticipated, OPEC’s Secretary General Mohammad Barkindo said an event on Wednesday, in a sign…
OPEC’s oil production for the month of March was 220,000 barrels per day higher than July volumes, a Reuters survey showed on Friday. Oil prices bristled at the news,…
Saudi Arabia will report to OPEC that its crude oil production in August averaged 10.424 million bpd, up from the July levels, S&P Global Platts reported on Friday, quoting…
Texas-based Vista Proppants and Logistics has struck a deal with logistics firm JupiterMLP to transload crude oil from truck to rail at Pecos, Texas, and ship crude on the…
The current pipeline constraints in the Permian have been caused by the booming production recorded since the crude oil price recovered in mid-2016. While production has burgeoned, the necessary pipeline…
Robust demand and production uncertainty in some oil-producing countries are expected to tighten the oil markets as we approach the end of the year, Fatih Birol, the Executive Director of…
Crude oil prices were set to rise following the Energy Information Administrations’ latest weekly petroleum status report as the authority reported a draw in crude oil inventories, of 2.6…
Oil and gas is among the more accident-prone industries. Compared with, say, banking, the likelihood of someone getting hurt on the job in oil is immeasurably higher. But just as…
The fracking revolution in the U.S. has considerably changed the global oil market and the strategic calculations of market participants. The initial entry of shale oil producers caused a crash…
In a disclosure that might not necessarily be good news for Indian economic and government planners, energy consultancy Wood Mackenzie said last week that India will pass China as…
The Permian could soon have too much pipeline capacity, a glut that will present problems for midstream companies. You could be forgiven for doing a double take on that sentence.…
In what could be a power struggle between Saudi Aramco and the Saudi government, the Kingdom has altered the concession contract with the oil giant to 40 years with an…
Mexico will likely halt oil auctions for at least two years, dealing a blow to its oil industry. Mexico’s president-elect Andres Manuel Lopez Obrador (AMLO) will reportedly suspend oil auctions…
Amid declining oil, agricultural, and industrial production, as well as an impending radical regime change, Mexico’s economy contracted more than previously projected in the second quarter, according to Mexico’s…
The splendidly-directed movie 'There Will Be Blood' by P.T. Anderson is about the early days of the oil boom. There is an epic scene between actors Daniel Day Lewis…