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Pump Prices Set to Hit $4 a Gallon

Pump Prices Set to Hit $4 a Gallon

U.S. oil prices surpass $80…

Energy / Crude Oil

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…

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…

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…

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…

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…

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…

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…

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…

The Downturn Is Over, But U.S. Oil Companies Face A Huge Problem

Jun 13, 2017 at 16:30 | Tsvetana Paraskova

The downturn may be over, but the oil price crash has left behind potentially long-term consequences for the oil industry. In the wake of the oil price rout that started…

Kurdish Oil: The Two Biggest Threats

Jun 13, 2017 at 14:18 | Shadow Governance Intel

As the Kurdistan Regional Government (KRG) seeks to restore pre-2014 levels of attractiveness to its energy sector from an investment standpoint, it grapples with several key challenges. Chief among these…

Saudis Cut Back Oil Supply To Asia, Slash Exports To U.S.

Jun 12, 2017 at 11:00 | Tsvetana Paraskova

OPEC’s de facto leader and the world’s biggest crude oil exporter, Saudi Arabia, will be reducing exports to some of its buyers in Asia next month, and will significantly cut…

Can OPEC Keep Its Nerve?

Jun 09, 2017 at 16:24 | Drilling Info

The recent OPEC agreement to extend production cuts for a further nine months has had a mixed response from industry commentators. For some, it’s an example of OPEC’s new steadfastness…

How Big Is California’s Oil And Gas Industry?

Jun 09, 2017 at 16:12 | Oil & Gas 360

Petroleum industry’s total economic value for California—larger than 15 U.S. state economies A new economic study released today by The Los Angeles County Economic Development Corporation (LAEDC) details the oil…

Expert Analysis: Bullish Sentiment Is Fading Fast

Jun 09, 2017 at 15:03 | SCS OTC Corp

- Over the last three weeks strong WTI spreads served as a key reminder of bullish fundamental expectations as flat price sold off sharply. This week’s collapse in prompt and…

The Next Big U.S. Shale Play

Jun 08, 2017 at 14:55 | Irina Slav

Media coverage of the U.S. shale oil and gas industry makes it sound like the Permian is the only place where things are happening. Everybody is buying acreage in the…

Unmasking Nigeria’s Oil Cartel

Jun 08, 2017 at 12:49 | Shadow Governance Intel

As noted in Part I of this series, the downstream theft of hydrocarbons is a huge industry in Nigeria. As global oil prices rose above $100 a barrel in…

Texas Oil And Gas Exports Are Booming

Jun 07, 2017 at 15:35 | Irina Slav

As soon as the export ban on oil - in force since 1973 - was lifted in America, producers started making global expansion plans. Oil was depressingly cheap, production was…

Libya’s Largest Oil Field Shuttered By Protests After Oil Worker Dies

Jun 07, 2017 at 14:58 | Zainab Calcuttawala

A new workers’ protest in Libya has shut down the country’s largest oilfield, creating yet another hurdle for a war-torn country as it struggles to rebuild its oil output. The…

The World’s Third Largest Oil Consumer Aims To Drastically Reduce Imports

Jun 07, 2017 at 13:03 | Drilling Info

India, the world’s third largest oil consumer, imports about 82 percent of its crude oil requirements, and meets just 18 percent of its demand through local sources. The Indian Government…

The World’s Top Oil Consumers

Jun 06, 2017 at 13:51 | Irina Slav

No doubt when faced with the question “Who’s the biggest oil guzzler in the world?” one would immediately think about the U.S. or China. Or perhaps India. Few of us,…

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