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Can OPEC Keep Its Nerve?

Can OPEC Keep Its Nerve?

Despite the critics who suggest…

Energy / Crude Oil

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Oil Majors Snatch Up Mexican Oil Blocks

Jun 20, 2017 at 15:51 | Nick Cunningham

Mexico hosted another oil auction on Monday, auctioning off shallow water oil and gas blocks to international companies. The auction was the latest in a series of offerings related to…

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Inside The World’s Most Sophisticated Refining Industry

Jun 19, 2017 at 15:41 | Omar Mawji

Over the past 5 years, focus on the U.S. oil & gas sector has centered around oil production from the U.S. shale revolution while neglecting, arguably, the most important part…

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OPEC Deal In Jeopardy As Libyan Oil Output Nears 1 Million Bpd

Jun 16, 2017 at 17:38 | Tsvetana Paraskova

Libya—whose production has been hampered by civil unrest, political divides, and oil export terminals blockades over the past few years—is now targeting to further increase its oil output. Its most…

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Oil Sands Output Growth Second Only To Shale

Jun 16, 2017 at 17:34 | Irina Slav

Canada’s Mordor, as environmentalists like to call the oil sands, is notorious for how “dirty” oil extraction is there. It’s also notorious for how expensive it is to extract. The…

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Oil Prices Fall As IEA Points At Poor Fundamentals

Jun 14, 2017 at 15:34 | Nick Cunningham

Oil slumped again on Wednesday on a downbeat assessment from the IEA regarding the health of the oil market. After posting some relatively optimistic projections for the “rebalancing” process in…

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Reviving Indonesia’s Lagging Oil Sector

Jun 14, 2017 at 12:57 | George Barber

Indonesia, one of the biggest oil producers in Asia remains underexplored despite its huge hydrocarbon potential. With oil prices around $50, investors are not eager to take these kind of…

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Cuba Scrambles As Venezuela’s Oil Industry Collapses

Jun 14, 2017 at 11:59 | Haley Zaremba

As Venezuela’s oil industry goes down it flames, it’s looking like it may just take Cuba down with it. Venezuela, once the crude powerhouse of South and Central America, is…

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Analysts: Much Deeper OPEC Cuts Are Needed

Jun 14, 2017 at 11:00 | Irina Slav

The International Energy Agency had a nasty surprise for OPEC and its partners in the oil output cut agreement today. According to the authority, non-OPEC production in 2018 will increase…

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Minor Crude Inventory Draw Gives Bulls Glimmer Of Hope

Jun 14, 2017 at 09:54 | Irina Slav

Today, the Energy Information Administration gave oil bulls a glimmer of hope by reporting a draw in inventories of 1.7 million barrels for the week to June 9. The…

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Hedging Rush In U.S. Shale Could Send Prices Tanking

Jun 13, 2017 at 16:53 | Nick Cunningham

The U.S. shale industry could add yet another dose of new supply in July, with the EIA projecting production growth of about 127,000 barrels per day month-on-month. The fact that…

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