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Iraq Plans For Enormous Boost To Refining Capacity

Feb 14, 2017 at 14:59 | Irina Slav

Iraq’s government is ambitious and it wants to make the most of the country’s oil and gas reserves. Plans for an expansion of the country’s refinery network have been circulating…

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Oil Flat As OPEC Cuts Offset By Shale

Feb 14, 2017 at 13:57 | Evan Kelly

Oil prices are flat on Tuesday as both OPEC and U.S. shale exert influence on crude markets which continue to be in ‘’wait and see’’ mode

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Oil Prices Edge Higher Ahead Of Inventory Data

Feb 14, 2017 at 13:10 | Matt Smith

In honor of Valentine's Day, oil prices are following the arc of Cupids arrow, and heading higher. Although another likely bearish weekly inventory report lies in store tomorrow, production cut…

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Europe’s Big Oil Breaks Even At $50-60 Per Barrel

Feb 14, 2017 at 09:33 | Irina Slav

Europe’s big oil companies need oil to stay in a range between US$50 and US$60 a barrel to remain cash flow positive, Fitch Ratings said. The agency added that…

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Artificial Intelligence To Reveal The Biggest Secret In Oil

Feb 13, 2017 at 16:13 | Tsvetana Paraskova

The EIA is, and will continue to be, the gold standard for reporting U.S. oil inventories, and the administration’s weekly reports have the power to immediately swing crude oil prices…

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Passing On The Permian: Has The Bubble Grown Too Big?

Feb 13, 2017 at 16:13 | Nick Cunningham

Has the Permian Basin become too hot? More companies and enormous sums of capital continue to flood into West Texas to take advantage of the most prolific shale basin in…

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Will The U.S. See A Carbon Tax Under Trump?

Feb 13, 2017 at 15:10 | Irina Slav

Last week a group of Republicans and businessmen tabled a proposal for a carbon tax, designed to replace the Obama administration’s string of environmental regulations aimed at reducing climate…

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OPEC 310,000 Barrels Per Day Above Production Cut Goal

Feb 13, 2017 at 15:10 | Ron Patterson

The new January OPEC Monthly Oil Market Report is out with crude only production numbers for January 2017. All charts are in thousand barrels per day.

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Oil Prices Head Lower In Spite Of Bullish OPEC Data

Feb 13, 2017 at 11:32 | Matt Smith

Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns - despite the cartel's…

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OPEC Reports First Output Deal Results: 890,000 Bpd Cut

Feb 13, 2017 at 09:34 | Tsvetana Paraskova

OPEC cut its crude oil production by 890,000 bpd from December to average 32.14 million bpd in January, the cartel said in its Monthly Oil Market Report…

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