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Energy / Crude Oil

Saudi Arabia’s Big Oil Gamble

Dec 19, 2017 at 11:51 | Osama Rizvi

With Mohammad bin Salman (MBS) now firmly in power in Saudi Arabia, Aramco’s IPO and fundraising to diversify the kingdom’s economy away from oil will surely become a cornerstone of…

Is U.S. Gasoline Consumption Set To Collapse?

Dec 18, 2017 at 11:43 | Tsvetana Paraskova

U.S. individual vehicle miles traveled (VMT) growth has been flat since June 2017, and the potential end of the VMT growth that started in early 2014 may be an indicator…

The Trillion Dollar Industry That Boosts Oil Consumption

Dec 15, 2017 at 15:47 | Jon LeSage

Rapid growth in mobility services like Uber and Didi Chuxing, combined with autonomous and electrified vehicles, will cause a seismic shift in the automotive and energy sectors over the next…

This OPEC Member Aims To Boost Oil Output By 40%

Dec 15, 2017 at 15:47 | Oxford Business Group

A new expansion drive will see Kuwait invest $120bn in hydrocarbons projects through to 2030, with the aim of boosting both upstream and downstream production capacity ahead of an anticipated…

U.S. Shale Looks Beyond The Sweet Spots

Dec 15, 2017 at 09:28 | Tsvetana Paraskova

Although the start to 2017 saw wavering optimism from U.S. oil and gas, healthier corporate balance sheets, improved well economics, and capital continuing to flow into the sector, are setting…

Struggling Venezuela Launches Tender To Buy U.S. Crude

Dec 14, 2017 at 10:34 | Irina Slav

Struggling Venezuelan state oil company PDVSA has launched tenders to purchase a total 4.2 million barrels of U.S. and Russian crude oil, which includes up to 3 million barrels of…

EIA Reports Major Draw In Crude Inventories

Dec 13, 2017 at 09:42 | Irina Slav

Amid rising oil prices thanks to the three-week suspension of the Forties pipeline and a major inventory draw estimated by API, the Energy Information Administration injected some more optimism…

The Noose Tightens: Venezuela Struggles To Ship Oil

Dec 12, 2017 at 10:13 | Irina Slav

The picture for Venezuela grows grimmer by the day, as tankers waiting to load fuel oil from Venezuela ports grow in number as the national oil company, PDVSA, struggles to…

Saudis To Slash Oil Exports To Asia By 100,000 Bpd

Dec 11, 2017 at 13:45 | Tsvetana Paraskova

Saudi Arabia will cut its crude oil exports to Asia by more than 100,000 bpd in January compared to December, while keeping its shipments to Europe and the U.S.…

OilCoin: The World’s First Compliant Cryptocurrency

Dec 11, 2017 at 10:52 | Tsvetana Paraskova

A team of banking and technology managers and former U.S. regulatory commissioners said on Monday that they are launching the world’s first regulatory compliant cryptocurrency backed by a physical…

Is Oil About To Collapse?

Dec 08, 2017 at 17:36 | Martin Tillier

When writing about markets, here and elsewhere, I usually try to avoid the temptation to write sensational things. Words like “collapse” and “crash”, or “surge” and “explode” attract clicks, which…

Hedge Funds Killed The OPEC Rally

Dec 07, 2017 at 13:14 | Nick Cunningham

Oil investors were confident ahead of the OPEC meeting last week, holding onto their bullish bets, but now there seems to be a bit of an OPEC hangover after weeks…

U.S. Shale Cautious As Oil Majors Invade Texas

Dec 07, 2017 at 13:00 | Nick Cunningham

Shale drillers are starting to show some caution when it comes to their pace of drilling, but some of the oil majors are still increasing their efforts in the shale…

Nigeria Reforms Oil Sector To Draw New Investment

Dec 07, 2017 at 11:57 | Oxford Business Group

Provisions in the 2018 budget, published in early November, set out proposals that allow for the sale of state equity in joint-venture (JV) oil assets, a move officials say will…

The GOP Tax Bill Is A Big Win For U.S. Oil And Gas

Dec 06, 2017 at 16:57 | Nick Cunningham

The GOP tax overhaul passed both chambers of the U.S. Congress, although a lot remains to be done before a bill can reach the President’s desk. Still, there are a…

Gulf Of Mexico Production Recovers After Recent Slump

Dec 06, 2017 at 13:45 | Ron Patterson

This briefly covers the production side as the hurricane outages are dominating the trends at the moment, but there’s a section at the end on discoveries and reserves that may…

Oil Prices Slide On Major Gasoline Build

Dec 06, 2017 at 09:42 | Julianne Geiger

The Energy Information Administration reported a 5.6-million-barrel draw in crude oil inventories for the week to December 1, largely in line with the American Petroleum Institute’s estimate of a…

Don’t Expect Aggressive U.S. Shale Drilling

Dec 05, 2017 at 16:54 | Nick Cunningham

Many analysts expect U.S. shale to put the pedal to the metal after OPEC extended the production cuts through the end of next year, but some shale executives are unmoved…

The 'Mega' Oil Field That Will Never Boom

Dec 05, 2017 at 16:50 | Viktor Katona

2017 will most likely witness a continuation in the decline of conventional oil discoveries. This year has seen no major onshore discovery, pretty much all significant finds were confined to…

Is The EIA Overestimating The U.S. Shale Boom?

Dec 05, 2017 at 16:45 | Zainab Calcuttawala

The American shale boom may be overstated by the U.S. Energy Department, according to a new MIT study that suggests the agency may be over-attributing a rise in shale drilling…

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