Crude oil prices inched lower…
U.S. shale oil production could…
What started as a pretty regular year in mergers and acquisitions in oil has turned into a year to remember after Exxon and Chevron announced massive merger plans. Now, Occidental…
Crude oil prices reversed their decline today, after the U.S. Energy Information Administration reported an estimated inventory draw of 4.3 million barrels for the week to December 8. This…
OPEC’s crude oil production fell in November for the first time in months, while U.S. oil output continued to reach new highs, OPEC said in its monthly report on…
Several prominent energy stocks are teetering on the precipice of the dreaded "death cross" trading pattern, potentially heralding another big down leg in the minds of many traders. The
Soaring supply from the United States and other non-OPEC+ oil producers could force the OPEC+ group to continue carefully managing its supply to the market for the next five years…
Niger aims to start exporting its first crude oil in January, the military leader of the African country, Abdourahamane Tiani, has said on state television. The commercial stage of the…
Venezuela is looking to revive an offshore natural gas field close to the maritime border with Guyana amid an escalating territorial dispute after Venezuelan President Nicolas Maduro held a referendum…
The recent slump in oil prices pushed Russia’s flagship Urals below the $60 price cap imposed on international shipments by the G7 last year. Perhaps this is a reason…
With oil plunging an (almost) unprecedented 7 weeks in a row, the longest such stretch since 2018...
OPEC+ disappointed the oil bulls last week by announcing voluntary cuts from several producers and failing to agree on a group-wide supply reduction, at least for the first quarter of…
Until 2015, U.S. crude oil producers were prohibited from exporting oil without a special license. In 2015, this changed. Since then, the U.S. has become a top-five exporter. This has…
This week, a report from a climate organization warned that emissions from the combustion of hydrocarbons are set for a record this year. This is despite the massive buildout…
U.S. manufacturing activity has declined for the 13th consecutive month, making this an unusually lengthy downturn. The manufacturing purchasing managers index by the Institute for Supply Management (ISM) clocked…
WTI oil prices held just above $70 today after the U.S. Energy Information Administration reported a crude oil inventory draw of 4.6 million barrels for the week to December…
OPEC’s crude oil production dropped in November for the first monthly decline since July as Nigeria and Iraq saw lower shipments, the monthly Reuters survey found on Wednesday. …
Record crude oil production in the United States is serving a fresh blow to oil bulls and OPEC, just as the cartel was trying to push benchmarks higher by adopting…
The OPEC+ group is ready to take additional measures and deepen the oil production cuts in the first quarter of 2024 to avoid volatility and speculation on the market, Russia’s…
Last week, OPEC and its partners from OPEC+ agreed to deepen and extend their production cuts into the first quarter of 2024. The move, almost unanimously seen as a means…
Following a chaotic day of OPEC+ meeting decisions that resulted in additional “voluntary” cut among cartel members, the dust is now settling, and the market is fairly disappointed, with Brent…
Oil prices began to retreat on Thursday afternoon as it became clear that OPEC+ members were agreeing to voluntary cuts beginning in the new year, and that those cuts would…