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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy

Will The Permian Peak This Year?

Jan 16, 2020 at 16:35 | Charles Kennedy

Ticker: Just a few years back, the U.S. shale industry was drowning in a sea of hubris, with pompous  experts making outrageous claims such as the Permian Shale is a…

Oil Glut Overshadows Geopolitical Risk In 2020

Jan 16, 2020 at 16:10 | Nick Cunningham

The risk of oil supply disruptions from around the world has diminished, and rising non-OPEC production provides a “solid base from which to react to any escalation in geopolitical tension.”…

Two Reasons Why Oil Prices Rose Today

Jan 16, 2020 at 15:27 | Julianne Geiger

Oil prices were trading up over 1% on Thursday afternoon, the latest development in the current oil market that can’t decide whether oil prices should be up or down. Today’s…

How Vulnerable Is Iraqi Oil Production?

Jan 16, 2020 at 11:36 | Tsvetana Paraskova

Just as Iraq has increased its crude oil production and export capacity over the past decade, the recent flare-up of tensions in the Middle East suggest that OPEC’s second-largest oil…

Oil Will Stay Above $50 Per Barrel In 2020

Jan 16, 2020 at 11:32 | Robert Rapier

We begin 2020 with the stock market again testing record highs. We just finished a year in which oil prices rose by more than 30 percent. However, natural gas prices…

Is Iraq Too Risky For Oil Majors?

Jan 16, 2020 at 10:51 | Rystad Energy

The US and Iran seem to be have stepped back from the brink of armed conflict, at least for now, but many oil and gas companies nevertheless face serious…

Total To Drill World’s Deepest Well In Angola

Jan 16, 2020 at 09:59 | Irina Slav

Total will drill an ultra deepwater well off the coast of Angola that will be the deepest in the world, Bloomberg reports, citing Maersk Drilling, which has been hired…

Florida To Buy Part Of Everglades To Protect Them From Oil Drilling

Jan 16, 2020 at 09:37 | Irina Slav

Florida has agreed to buy part of the Everglades wetlands to protect the sensitive ecosystem from oil drilling, Reuters reports, citing an announcement by the Florida governor. The deal,…

How China Could Restart The U.S. Oil Export Boom

Jan 16, 2020 at 09:30 | Irina Slav

China may resume purchases of U.S. crude oil and products after the Phase 1 deal Washington and Beijing signed yesterday, Bloomberg reports. The terms of the deal include the…

Just How Serious Is The Shale Slowdown?

Jan 15, 2020 at 17:12 | Nick Cunningham

U.S. shale growth may be slamming on the breaks, although analysts differ over how significant the slowdown will be. The EIA says that U.S. shale growth will slow down…

Iran Regime Change Could Push To $40 Oil

Jan 15, 2020 at 16:54 | Irina Slav

It sounds counterintuitive and counterlogical, but there is a possibility that if the current government of Iran is toppled, crude oil prices could drop to $40 a barrel. That’s according…

The U.S. Natural Gas Boom Is On Its Last Legs

Jan 15, 2020 at 16:41 | Tsvetana Paraskova

Weak natural gas prices amid abundant supply and a falling rig count across the United States will slow down U.S. natural gas production growth this…

How The U.S. Has Reduced Its Dependence On Middle East Oil

Jan 15, 2020 at 12:40 | Robert Rapier

With tensions in the Middle East high, I have fielded a number of queries on how this might impact the world’s oil markets. Today I want to explore that…

The Superpower Energy Project To Watch In 2020

Jan 15, 2020 at 12:17 | Vanand Meliksetian

The year has started well for Russia when it comes to energy. Two large energy projects have been finished, Turk Stream and Power of Siberia, and the third, Nord Stream…

OPEC Raises 2020 Global Oil Demand Growth Estimate

Jan 15, 2020 at 11:33 | Tsvetana Paraskova

Healthier global economic growth in 2020 is expected to lead to higher oil demand growth this year, OPEC said in its closely-watched Monthly Oil Market Report (MOMR) on Wednesday.…

What’s Next For Oil? No One Seems To Agree

Jan 15, 2020 at 10:18 | Haley Zaremba

Although oil production in the Permian Basin shows all signs of slowing down in the new year, the West Texas shale revolution is not over yet. In fact, shale…

Massive Oil Product Build Sends Prices Lower

Jan 15, 2020 at 09:45 | Irina Slav

A day after the API’s crude oil inventory report pressured prices, the EIA relieved some of the pressure by reporting an inventory draw of 2.5 million barrels for…

Is Iran Preparing To Send Oil Back To $100?

Jan 14, 2020 at 17:26 | Simon Watkins

Two of Saudi Arabia’s key oil sites are attacked and its oil production is more than halved but the US$70-75 per barrel of Brent oil barrier holds firm. The…

U.S. Gas Giant Downgraded To Junk Status

Jan 14, 2020 at 16:22 | Nick Cunningham

The largest natural gas driller in the United States just announced a massive write-down for its assets, offering more evidence that the shale sector faces fundamental problems with profitability. In…

Russia Risks Gasoline Price Surge

Jan 14, 2020 at 13:37 | Kirill Rodionov

Although the Russian Government and oil companies suspended the agreement on fixing fuel prices last summer, gasoline rose in price much more slowly in 2019 than in 2018. In November,…

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