Analysts from Standard Chartered have…
A new study reveals that…
Refiners in Asia are having a tough time making profits as diesel and distilled fuels from Chinese exporters flood markets, emerging reports show. The China National Petroleum Corp. said…
Yesterday's monthly oil market report from OPEC showed that oil production from Kazakhstan likely increased by 180,000 bpd in 2017 to 1.74 million barrels per day. Such a rise gives…
Oil prices accumulated a more than 1-percent decline this week, pressured by U.S. production growth, despite the variety of bullish demand forecasts and data about tightening global supply. A record-high…
Will oil demand peak within five years? 15 years? Or not until 2040 or 2050? The precise date at which oil demand hits a high point and then enters into…
In the latest indication of the strength of the recovery of global oil prices, European refineries are struggling to pay their crude bills as margins decline and demand weakens for…
Amid emerging doubts that OPEC and Russia have outdone themselves with the oil production cuts and are starting to suffer the consequences, the Energy Information Administration reported another large…
Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start…
China’s state-owned oil and gas giant CNPC has just added fuel to already strong optimism on oil markets by forecasting that crude oil demand in China will jump by…
Asian oil traders—the largest group of buyers of Iranian crude—are not bothered by the prospect of new sanctions from Washington against Iran. Even if these do materialize, it would take…
Brent recently hit $70 per barrel and WTI surpassed $64.50, and oil executives from the Middle East to Texas no doubt popped some champagne. The big question is…
This time last year, the oilfield service sector started showing the first signs of hope and optimism after the OPEC/Russia deal to cut crude oil production by 1.8 million bpd…
OPEC’s oil production and supply cuts—now in their second year—have claimed a victim. It’s an industry that’s vital for the crude oil exports of oil-producing countries: supertanker shipping. The supertankers,…
A day after the American Petroleum Institute took markets by surprise with a massive, 11-million-barrel inventory draw, the Energy Information Administration reported the draw was actually much smaller,…
Last week, we discussed changing trends in Iraqi crude flows into Asia. Total deliveries of OPEC crude to China rose last year by 300,000 bpd, as cartel members looked to keep…
It would be a dull month if a new rechargeable battery project didn’t make headlines amid all the excitement surrounding electric cars. This month’s indisputable winner is the lithium-ion…
Higher shipments of Russian crude oil to China may saddle European importers with a fatter bill, an industry consultancy warned at the end of last year, noting the latest…
New life was breathed into the Canadian oil sands with a decision by foreign-owned Harvest Operations Corp to commission its BlackGold project south of Fort McMurray. The Calgary-based arm of…
It’s the start of the New Year, so here is my overview for your energy portfolio coming into 2018. I have written in the past six months in a far…
U.S. West Texas Intermediate crude oil finished 2017 higher in what can best be described as a volatile two-sided trade. After trending lower from January to June, the market stabilized…
It is both the best and worst of times for the current Iraqi oil market. Iraqi oil minister Jabbar al-Luaibi said this week that Iraqi oil fields in the south…