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Energy / Crude Oil

Geopolitical Tensions Reach Boiling Point Ahead Of OPEC Meeting

Jun 08, 2018 at 17:02 | Nick Cunningham

The upcoming OPEC meeting on June 22 is shaping up to be a contentious one, after news broke that the U.S. government asked Saudi Arabia to increase oil production before…

Canada Bets On Trans Mountain Expansion To Sell Oil In Asia

Jun 08, 2018 at 17:01 | Tsvetana Paraskova

Canada may be the fourth largest producer and third largest exporter of oil in the world, but it has one sole customer of its oil—the United States. At the…

Pullback In Oil Prices Provides An Opportunity

Jun 08, 2018 at 16:33 | Dan Dicker

The amazing compliance from OPEC members and Russia to production guidelines has drained the surplus from global supplies and brought oil prices up to trade in the mid-$60’s here in…

Iranian Oil Production Could Be About To Plunge

Jun 07, 2018 at 15:51 | Nick Cunningham

The European Union has vowed to maintain the Iran nuclear deal despite the U.S. decision to exit, and Brussels has pushed back against Washington’s attempts to penalize European companies from…

Venezuela Seeks OPEC Support Against U.S. Sanctions

Jun 07, 2018 at 15:27 | Tsvetana Paraskova

Cash-strapped Venezuela is pleading with OPEC for solidarity against U.S. sanctions, a week after Iran also asked its fellow cartel members for support against the returning U.S. sanctions on Tehran.…

Venezuela’s Oil Meltdown Defies Belief

Jun 06, 2018 at 17:23 | Nick Cunningham

Venezuela might have to declare force majeure on its oil exports as production plunges and its ports are unable to ship enough crude. The ongoing meltdown in Venezuela’s oil sector…

Goldman: OPEC Must Raise Production

Jun 06, 2018 at 13:20 | Tsvetana Paraskova

While many market participants view the recent talk of OPEC potentially raising oil production by as much as 1 million bpd as a bearish factor for oil prices, Goldman Sachs…

Oil Prices Slip As Inventories Increase Across The Board

Jun 06, 2018 at 09:45 | Irina Slav

A day after American Petroleum Institute estimated a solid build in gasoline inventories that pressured West Texas Intermediate, the Energy Information Administration added to the bearish mood by reporting…

PDVSA Could Declare Force Majeure On Oil Exports

Jun 06, 2018 at 08:30 | Irina Slav

Venezuela’s state oil company may be forced to announce a force majeure on crude oil exports if clients awaiting delivery continue to refuse to accept new contract terms the company…

Will Saudi Arabia Listen To U.S. Demands For More Oil?

Jun 05, 2018 at 17:12 | Nick Cunningham

The Trump administration has sent a request to Saudi Arabia for it and the rest of OPEC to boost oil production by 1 million barrels per day (mb/d), according to…

New Technology Could Wipe Out Trillions In Fossil Fuel Investment

Jun 05, 2018 at 16:58 | Irina Slav

We are living in a carbon bubble with trillions of dollars held in oil, gas, and coal assets that would be wiped out before long as technological advancements in all…

Venezuela’s PDVSA Fails To Meet Oil Supply Obligations

Jun 05, 2018 at 10:05 | Irina Slav

Venezuela’s state oil company PDVSA has told eight foreign clients it will be unable to supply the contracted volumes of crude oil, a company employee told S&P Platts. "Among…

U.S. Asks OPEC To Boost Oil Production By 1 Million Bpd

Jun 05, 2018 at 08:59 | Tsvetana Paraskova

The United States has quietly asked Saudi Arabia and several other OPEC nations to raise oil production by some 1 million bpd, Bloomberg reported on Tuesday, quoting people familiar…

The Oil Trader Tug-Of-War

Jun 04, 2018 at 17:03 | Tsvetana Paraskova

Despite the recent sell-off, Brent Crude prices continue to be supported by geopolitical events and supply concerns, while the U.S. benchmark WTI Crude has been pressured to the downside by…

Iranian Crude Exports Rise Despite U.S. Sanctions

Jun 04, 2018 at 13:49 | Tsvetana Paraskova

Iran’s crude oil and condensate exports hit 2.7 million bpd in May, higher than its average volumes over the past year, while the U.S. withdrew last month from the…

Expect A Bounce In WTI Prices

Jun 01, 2018 at 15:45 | Martin Tillier

We are still in a period of headline risk in financial markets generally. Stocks, bonds and currencies are all reacting to news on subjects as diverse as trade, North Korea,…

Rosneft Throws OPEC For A Loop, Boosts Output By 70,000 Bpd

Jun 01, 2018 at 09:13 | Irina Slav

Rosneft increased its crude oil production by 70,000 bpd over the last two days, the company told investors, in preparation for an OPEC+ decision to start easing production quotas, Bloomberg…

Why Aren’t Permian Oil Producers Profitable?

May 31, 2018 at 16:35 | Robert Rapier

The Wall Street Journal recently reported that only five of the Top 20 U.S. oil companies focused mostly on hydraulic fracking generated more cash than they spent in the…

Reuters: OPEC Production Falls To 13-Month Low

May 31, 2018 at 14:12 | Tsvetana Paraskova

OPEC’s oil production dropped in May by 70,000 bpd to 32.00 million bpd on the back of outages in Nigeria and a continuous decline in Venezuela that dragged the cartel’s…

Oil Prices Rebound As Crude Inventories Shrink

May 31, 2018 at 10:10 | Irina Slav

Crude oil prices moved higher today after the Energy Information Administration reported a draw in crude oil inventories of 4.2 million barrels for the week to May 25, a…

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