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Energy / Crude Oil

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Ecuador Abandons The OPEC Deal: Who’s Next?

Jul 18, 2017 at 14:56 | Nick Cunningham

Ecuador announced its withdrawal from the OPEC agreement this week, a move that could shake the foundation of a deal that was already starting to show some cracks. "We need…

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Venezuela’s National Oil Company On Its Last Legs

Jul 18, 2017 at 12:00 | Luis Colasante

On Sunday 9th, 2017 Venezuela hit a hundred days of anti-dictatorial regime demonstrations. Hundreds of thousands of Venezuelans have taken over main streets and roads demanding a new presidential election,…

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Kuwait: Oil Market To Balance By March, No Deeper Cuts Needed

Jul 18, 2017 at 10:08 | Tsvetana Paraskova

Although the oil market is taking longer than anticipated to return to balance, the oversupply should be cleared by the time OPEC’s cuts expire at the end of March next…

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Iran Looks To Close More Deals But Oil Majors Are Cautious

Jul 18, 2017 at 09:26 | Gregory Brew

Iran is on track to reach a major national milestone this year, if the nation’s oil spokesmen are to be believed. On Wednesday deputy oil minister Amir Hossein Zamaninia predicted…

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Chinese Refineries Near All-Time Throughput Record In June

Jul 17, 2017 at 11:48 | Irina Slav

Chinese refineries processed 11.21 million bpd of crude oil last month, up 2.3 percent on the year and the second-highest daily processing rate on record, Reuters reported, citing data…

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The Only Way OPEC Can Kill U.S. Shale

Jul 14, 2017 at 15:56 | Irina Slav

One commodity analyst got it right: the OPEC cuts would not work. After November last year when the oil cartel announced its agreement with Russia and 11 other producers to…

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Low Oil Prices Push OPEC Producers To Public Markets

Jul 14, 2017 at 15:38 | Oil & Gas 360

Abu Dhabi looks to publicly list parts of its national oil company The United Arab Emirates plans to list part of its national oil company on public markets in order…

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Is Upstream Investment Turning A Corner?

Jul 14, 2017 at 15:21 | Haley Zaremba

This week the International Energy Agency (IEA) released their annual World Energy Investment report (WEI), revealing that in 2016 energy investment plummeted by a staggering 12% from the previous year.…

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Beware Of Supply Risks When The Whole World Is Bearish

Jul 14, 2017 at 15:18 | SCS OTC Corp

- WTI traded in a $44-$47 range this week lifted by a 7.6m bbl US inventory draw and positive demand data in Europe and China. On the upside production gains…

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Oil Prices Hold Steady As U.S. Oil Rig Count Rises

Jul 14, 2017 at 12:31 | Julianne Geiger

The number of active oil and gas rigs in the United States was flat this week overall, after gaining 505 rigs in the last 12 months. But on the…

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