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Small Banks Significantly Boost Loans to Oil And Gas Firms

Small Banks Significantly Boost Loans to Oil And Gas Firms

Regional banks BOK Financial, Citizens…

Namibia Racks Up Another Major Offshore Oil Discovery

Namibia Racks Up Another Major Offshore Oil Discovery

Shares of Portuguese integrated energy…

Energy

U.S. Oil Production, Imports Rise Faster Than Expected

Apr 12, 2017 at 16:53 | Gregory Brew

The EIA’s short-term energy outlook, released on April 11, predicted increases in American energy production, along with an increase in imports. The agency’s forward predictions on the outlook of…

U.S. Oil Assets Could Fall Into Russian Hands If Venezuela Defaults

Apr 12, 2017 at 15:01 | Nick Cunningham

If Venezuela defaults on its debt obligations, it could result in Russia taking control over U.S. refining assets, leading to more Russian “control over oil and gas prices worldwide,” which…

Supply Crunch Or Oil Glut: Investment Banks Can’t Agree

Apr 12, 2017 at 14:52 | Tsvetana Paraskova

In recent years, U.S. shale has thrown in another unknown in the mix of factors driving the price of oil. This year, shale output forecasts combine with OPEC’s production cuts,…

Will Summer Bring $60 Oil?

Apr 12, 2017 at 14:06 | Oil & Gas 360

Refinery utilization hits 90.8 percent, the highest since the first week of the year U.S. refiners are picking up activity as the summer driving months approach, encouraging markets to increase…

Could Guyana Become The Next Oil Hot Spot?

Apr 12, 2017 at 14:01 | Irina Slav

ExxonMobil last week announced its third successful oil find offshore Guyana – the tiny Latin American country squeezed between Venezuela and Suriname. The Snoek discovery follows hitting oil-bearing rock in…

Novatek Aims To Dethrone Gazprom With Qatar Deal

Apr 12, 2017 at 12:46 | Nicholas Trickett

From Qatar, with love Qatar’s engagement with Russia didn’t begin with the Qatar Investment Authority’s (QIA) involvement in the privatization of 19.5 percent of Rosneft’s shares. As far back as…

OPEC’s Combined Oil Output Falls Further In March

Apr 12, 2017 at 11:28 | Irina Slav

OPEC members pumped a combined 31.93 million barrels of crude daily last month, down 153,000 bpd from February, the group said in the latest edition of its Monthly…

Oil Prices Slip Despite Draw In Crude, Gasoline Inventories

Apr 12, 2017 at 09:59 | Irina Slav

A day after Saudi Arabia said it was willing to join a production cut extension and a day after the American Petroleum Institute estimated U.S. crude oil inventories…

Six Teenagers Win Court Appeal In Colorado Fracking Case

Apr 11, 2017 at 15:01 | Tsvetana Paraskova

The Colorado Court of Appeals has recently ruled 2-1 in favor of six teenage activists who had petitioned the Colorado Oil and Gas Conservation Commission to consider a rule that…

Is The Oil Price Rally Running Out Of Steam?

Apr 11, 2017 at 14:40 | Tom Kool

Oil prices started the week at a one-month high, with geopolitical tensions and growing confidence over an OPEC deal extension driving a rally. But as oil prices settle in the…

Saudis Cut Deeper In March, Continue To ‘Overcomply’ With OPEC Deal

Apr 11, 2017 at 13:27 | Tsvetana Paraskova

Saudi Arabia reduced its crude oil production by 111,000 bpd to 9.9 million bpd in March, again generously overcomplying with the OPEC output cut deal after having raised February output—but…

Oil Prices Inch Higher Ahead Of Inventory Data

Apr 11, 2017 at 11:51 | Matt Smith

Today is national submarine day, and oil prices are trying not to submerge after a recent sustained rally. Today we get the opening gambit from the triumvirate of reports from…

Libyan Oil Production Falls Further As Wafa Field Goes Offline

Apr 11, 2017 at 10:48 | Irina Slav

Just a day after production at Libya’s largest oil field was suspended, the National Oil Corporation told local media that another field, Wafa, has also stopped producing. This…

This Government Is Drilling A NatGas Project Unlike We’ve Ever Seen

Apr 11, 2017 at 10:08 | Dave Forest

Quick update to my recent story on Libya’s largest oil field shutting down— with reports yesterday suggesting that the Sharara field has once again gone offline following possible…

Why Breakeven Prices Are Plunging Across The Oil Industry

Apr 10, 2017 at 16:42 | Arthur Berman

Shale companies have pushed breakeven oil prices below $40 per barrel—but so have major oil companies. Analysts commonly portray cost reduction as something unique to the tight oil companies. Data…

Is Another Bust Looming Over The Oil Industry?

Apr 10, 2017 at 15:37 | Dwayne Purvis

Notable authorities such as the EIA, the IEA, OPEC and BP forecast growth of demand for oil in their base case scenarios through the end of their forecast periods. These…

Can ‘Fire Ice’ Solve Japan’s Energy Problem?

Apr 10, 2017 at 13:35 | Tsvetana Paraskova

Resource-challenged Japan, the world’s top LNG importer, the third-largest oil consumer and net importer, and the third biggest coal importer, is estimated to have spent an additional annual average…

Arab Oil Producers Boast Over Half Of The World’s Reserves

Apr 10, 2017 at 11:43 | Irina Slav

The eleven Arab countries that comprise the Organization of Arab Petroleum Exporting Countries have combined proved reserves of 710 billion barrels of crude – 55.6 percent of the world’s total,…

Oil Prices Pull Higher On Outage In Libya’s Biggest Oil Field

Apr 10, 2017 at 10:41 | Irina Slav

Production from Sharara, Libya’s biggest oil field, has stopped again, unnamed sources told Bloomberg. The sources said the pipeline that carries crude from Sharara to the Zawiya export terminal…

Iran’s Top Security Officials Could Kill Its Oil Future

Apr 10, 2017 at 09:59 | Dave Forest

A potential oil and gas opportunity emerged last week in Romania. When that country’s government liberalized pricing and exports for natural gas— which could see producers here getting better…

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