Higher oil prices are expected…
Polish President Andrzej Duda has…
Oil price volatility has climbed…
"You can have your own theories but you can't have your own facts." - Carl Sagan Bullish tech markets are rarely without curious dislocations.…
“Is Exploring For Oil Still Profitable?” Oilprice asked back in August. As the novel coronavirus has swept the world, stalling whole industries, tanking…
Two countries linked by an energy source, China and Myanmar have become closer partners over the last few years due to their connection via an oil pipeline. Having…
Many nations that intend to become self-sufficient with regard to their hydrocarbon needs oftentimes lowball the terms and conditions they offer to prospective investors. This is fairly logical,…
Oil prices fell back on Friday morning as demand fears grow, but OPEC has predicted an increase in U.S. shale production at current price levels.
OPEC’s crude oil export revenues for 2020 could decline to $323 billion, the U.S. Energy Information Administration said in a new report, noting that this would be the lowest…
The U.S. oil rig count increased for the eigth consecutive week as drillers capitalize on higher oil prices Baker Hughes reported on Friday that the number of oil and gas…
Oil prices dropped early on Friday, as expanding lockdowns in China weighed on market sentiment about immediate global oil demand, while a stronger U.S. dollar also dragged crude futures down.…
Having soared in recent days, rising 21% YTD on the back of the gamma squeeze discussed yesterday, and coupled with a barrage of analyst upgrades, most recently from Barclays and…
U.S. shale oil companies are hedging against future price drops as West Texas Intermediate enjoys a rebound above $50 a barrel, Reuters has reported, citing unnamed sources in the…
We have seen strong moves higher in the key crude oil benchmarks-WTI, and Brent, in the last several months. This was initiated by the advent of positive news…
OPEC, and especially OPEC+, has always seemed to be at odds with the U.S. shale industry. From the drastic oil embargos of the ‘70s to the all-out oil price war…
What is fast becoming the world’s hottest offshore oil play, the Guyana-Suriname Basin, has entered the headlines once again. Hot on the heels of ExxonMobil and its partner…
Oil prices were up on Thursday afternoon despite new and extended lockdowns that promise to slow any oil demand rebound that was expected for 2021. At 4:07 p.m. EST,
Iraq announced two deals with countries that Iran hopes can be gradually moved further into its sphere of influence. One of the two, Lebanon, is already seen by Tehran as…
Road traffic and transportation fuel demand in most of Europe at the start of 2021 is likely at its weakest since the end of the first lockdowns in the late…
In 2020, the energy sector got hit with the…
Global oil demand is set to rise by 5.9 million barrels per day (bpd) in 2021 from an estimated average demand of 90 million bpd in 2020, OPEC said on…
Goldman Sachs has flipped on their bearish natural gas stance to a bullish one. Goldman's Samantha Dart's reasoning behind the view shift is due to a combination of factors including…
Fears that Iran will flood the oil markets with its crude now that Joe Biden is set to take office are unfounded, OPEC’s Secretary General Mohammed Barkindo told Gulf Intelligence…