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Energy / Crude Oil

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Drillers Remain Cautious Despite Shale Success

Apr 19, 2017 at 10:51 | Irina Slav

February marked the first month since mid-2014 when oil and gas activity in the Permian increased on an annual basis, the latest Texas Permian Basin Petroleum Index has shown.…

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Oil Markets React Stoically To Crude Inventory Draw

Apr 19, 2017 at 09:50 | Irina Slav

Amid rising optimism about where oil prices are going, the EIA reported a 1-million-barrel draw in crude oil inventories for the week to April 14, just a day after…

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Iran Ready To Join OPEC’s Production Cut Extension

Apr 17, 2017 at 10:22 | Irina Slav

Iran, which has been exempted from the OPEC oil production cut agreement closed last November, is now ready to join the initiative as long as there is consensus among the…

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China’s Teapot Refiners Diversify As Exports Remain Forbidden

Apr 14, 2017 at 12:31 | Zainab Calcuttawala

New federal regulations and Beijing’s increased favoritism towards nationalized oil refiners are pushing “teapots”, or small-scale independent refiners, to diversify their revenue sources, according to a new report by

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Who Holds The Power In Today’s Oil Market?

Apr 14, 2017 at 12:28 | Osama Rizvi

Amidst the din of analysts speculating about whether oil prices will rise or fall, observers may well be overlooking some pressing questions about the very nature of the global oil…

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Oil’s Catch-22 That Nobody Saw Coming

Apr 14, 2017 at 12:09 | Dan Dicker

For several months, I’ve been trying to reconcile two divergent and counter-intuitive trends in oil, and it’s forced me towards a soberer outlook going forward. It’s not that I don’t…

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Why WTI Is Stuck In A Range And Why That Is Good for Traders

Apr 14, 2017 at 12:08 | Martin Tillier

Basic economic theory would suggest that pricing of goods and commodities is pretty simple. It is a function of supply and demand. Reduced supply and/or increased demand create scarcity that…

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Petrobras Reports 2.74M Bpd Daily Output For March

Apr 14, 2017 at 10:04 | Irina Slav

Brazil’s state oil major Petrobras announced that its average daily production last month stood at 2.74 million barrels of oil equivalent, a bit lower than in the previous month…

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China Ready To Cut Oil Supplies To North Korea

Apr 13, 2017 at 09:59 | Irina Slav

Beijing’s patience with North Korea is wearing thin as Pyongyang continues to conduct nuclear missile tests. According to a state Chinese media outlet, Huanqui, China is considering a suspension…

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Myanmar Oil Pipeline Could Bring Cheaper Crude To China

Apr 13, 2017 at 09:45 | Dave Forest

It’s been an on-again, off-again battle — but one of the world’s largest and most critical new energy infrastructure projects got off the ground this week. That’s a 770-kilometer crude…

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