A new study reveals that…
Canada faces an escalating threat…
OPEC revised up on Monday its forecast for global oil demand growth this year, but noted that sanctions, tariffs, and the U.S. withdrawal from the Iran nuclear deal point to…
Like many other energy companies, Abu Dhabi National Energy Company—known as TAQA—suffered from the effects of low oil prices for three years. And now, like the international oil majors, TAQA…
Due to the oil price rally, Russia expects its oil and gas revenues to jump fivefold compared to the expected revenues set in its 2018 budget, according to the Finance…
Oil production in the fastest-growing U.S. shale play, the Permian, continues to boom, while takeaway capacity has not kept up. Pipeline availability issues have led to a major discount on…
With Trump having started the 6 month process of pulling out from the Iranian nuclear deal (or rather as Steven Mnuchin admitted, Trump's true intention is merely renegotiating the existing deal…
Oil markets saw extreme volatility on Tuesday, with prices originally crashing on rumors that the Iran deal would remain in place before Trump tore it up.
In recent weeks I’ve commented on the powerful bullish forces that have combined in oil and oil stocks and your need to increase your exposure to them. So, before going…
OPEC could achieve its goal of eliminating the oil inventory surplus this month. But the goal posts will now move to another metric in order to justify keeping the production…
China’s Sinopec will cut its June imports of crude from Saudi Arabia by 40 percent for the second month in a row because of unjustified high prices, an official from…
“$60 is like the new $100,” Dallas Fed economist Michael Plante told Reuters last month, commenting on the effect of the oil prices on the Texas economy. Oil production…
China has become the world’s largest oil importer, and despite establishing the largely successful yuan-denominated oil futures, Beijing will have to grapple with an overlooked geopolitical and economic consequence as…
After yesterday the American Petroleum Institute served a not so pleasant surprise to oil bulls by reporting a 3.43-million-barrel increase in crude oil inventories in the United States, the…
An international independent audit of the oil reserves of Saudi Aramco has more than confirmed the official figures released by Riyadh for three decades, putting the number at 270 billion…
India is one of the world’s largest oil consumers, accounting for around 4 percent of global consumption. Only the U.S. and China outrank India in this regard, making it a…
The latest round of open bidding for exploration rights in Mexico’s energy sector received mixed interest, with two further rights sales to take place later in the year. Of the…
Norway’s sovereign wealth fund, built on the back of the country’s oil wealth and the biggest in the world, reported its first quarterly loss in two years for January to…
U.S. oil exports just hit a record high, a sign that the shale boom will continue to lead to higher shipments abroad, despite some infrastructure bottlenecks. Last week, the U.S.…
Profit season in the oil industry is in full swing, and the mood is upbeat: strict financial discipline is paying off, cash flows are improving (or emerging after a long…
Oil majors began to reap the benefits of the higher oil prices and lower costs as early as last year when they started reporting growing profits and improved cash flows.…
After API surprised markets with a 1.1-million-barrel build in crude oil inventories yesterday, the EIA reinforced the mood by reporting a 2.2-million-barrel build for the week to April…