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Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered has predicted global…

Oil Fund Withdrawals Suggest Extended Price Rally

Oil Fund Withdrawals Suggest Extended Price Rally

Investors are ditching the oil…

Energy / Crude Oil

New Fuel Efficiency Rules Could Boost Oil Consumption

Sep 11, 2018 at 13:47 | Robert Rapier

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…

Why The U.S. Is Suddenly Buying A Lot More Saudi Oil

Sep 10, 2018 at 17:27 | Tsvetana Paraskova

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…

The Downside For Oil Is Limited

Sep 07, 2018 at 17:39 | Nick Cunningham

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…

Texas Oil Production Continues To Soar

Sep 06, 2018 at 17:01 | Ron Patterson

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.

The Next Global Oil Hotspot

Sep 06, 2018 at 13:09 | Irina Slav

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…

OPEC Head: Global Oil Demand To Hit 100 Million Bpd This Year

Sep 05, 2018 at 11:29 | Tsvetana Paraskova

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…

Survey: OPEC’s August Production Rises

Aug 31, 2018 at 16:07 | Julianne Geiger

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,…

Saudis Boosted Oil Production To 10.424 Million Bpd In August

Aug 31, 2018 at 10:45 | Tsvetana Paraskova

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…

New Crude-By-Rail Service Aims To Ease Permian Bottlenecks

Aug 30, 2018 at 11:53 | Tsvetana Paraskova

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…

Production Growth In The Permian To Hit New Record

Aug 30, 2018 at 09:32 | Kayrros

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…

IEA: Oil Market To Tighten Toward Year-End

Aug 29, 2018 at 11:29 | Tsvetana Paraskova

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…

Oil Jumps On Bullish EIA Data

Aug 29, 2018 at 09:44 | Irina Slav

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…

The Biggest Breakthroughs In Oil Tech This Year

Aug 28, 2018 at 16:28 | Charles Kennedy

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…

Solving The Permian Pipeline Problem

Aug 28, 2018 at 13:59 | Vanand Meliksetian

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…

India’s Thirst For Oil Is Outpacing China

Aug 28, 2018 at 11:51 | Tim Daiss

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

Aug 27, 2018 at 17:10 | Nick Cunningham

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.…

Aramco To Lose ‘Forever-Right’ To Saudi Oil Resources

Aug 27, 2018 at 12:12 | Tsvetana Paraskova

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’s New President To Deal Blow To Oil Industry

Aug 24, 2018 at 16:38 | Nick Cunningham

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…

Lagging Oil Industry Weighs On Mexico’s Economy

Aug 24, 2018 at 16:37 | Haley Zaremba

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…

Who Is Seizing Iran’s Market Share?

Aug 24, 2018 at 15:37 | Matt Smith

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…

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