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Is Libya A Bigger Threat To Oil Prices Than U.S. Shale?

Plagued by internal strife, Libya’s…

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Oil Prices Slip After API Reports Crude, Gasoline And Distillates Builds

Jan 24, 2017 at 16:16 | Julianne Geiger

U.S. crude oil inventories increased by 2.93 million barrels this week, according to this week’s American Petroleum Institute (API) inventory report published on Tuesday afternoon, compounded by larger than…

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‘’Trump’s Border Tax Plan Could Cause A Global Oil Price Shock’’

Jan 24, 2017 at 14:52 | ZeroHedge

While much has been said about the impact on the dollar from the proposed Border Tax Adjustment, which may or may not be implemented depending on what Trump says/tweets…

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Gazprom: Rising European Demand Needs Big Infrastructure Investment

Jan 24, 2017 at 13:53 | Tsvetana Paraskova

Growing gas demand in Europe calls for big investment decisions in new fields and pipelines as early as today, Gazprom’s deputy chief executive Alexander Medvedev said at an event on…

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BridgeTex Pipeline Boosts Permian Crude Delivery Capacity

Jan 24, 2017 at 12:31 | Tsvetana Paraskova

Not only are drillers putting more and more rigs in the white-hot Permian Basin of West Texas, pipeline operators are also boosting capacity to carry Permian crude to the Houston…

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Aramco On The Hunt For IPO Advisers

Jan 24, 2017 at 09:02 | Irina Slav

Saudi Aramco has sent requests for proposals to several investment banks that could become advisers in its initial public offering, scheduled for 2018, sources close to the development told…

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EPA Landing Team Lineup Signals Pro-Oil Shift

Jan 24, 2017 at 08:08 | Irina Slav

A ten-member landing team for the Environmental Protection Agency, presented by the Trump administration, has demonstrated what the direction of the administration’s policies in the environmental area would be:…

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Halliburton Beats Q4 Profit Forecast As North America Recovers

Jan 23, 2017 at 17:29 | Tsvetana Paraskova

Oilfield services provider Halliburton Company (NYSE:HAL) reported on Monday fourth-quarter adjusted income of $0.04 per diluted share - beating analyst estimates - after turning in an operating income…

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Equatorial Guinea May Become Next New OPEC Member

Jan 23, 2017 at 17:19 | Damir Kaletovic

Equatorial Guinea has applied to join OPEC as its 14th member during a visit by Mines and Hydrocarbons Minister Gabriel Mbaga Obiang to the compliance monitor meeting in Vienna…

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Oman Targets 1 Million Bpd Oil Output In 2017

Jan 23, 2017 at 17:03 | Tsvetana Paraskova

Non-OPEC producer Oman intends to pump an average of 1 million bpd this year, despite the 45,000 bpd production cut it had pledged with the OPEC-non-OPEC deal, a senior official…

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60,000 Bpd Offline In Libya After Technical Malfunction

Jan 23, 2017 at 16:48 | Damir Kaletovic

After an electrical failure at the Sarir oilfield caused by a fire at a substation, Libya’s oil production has fallen by 60,000 barrels per day, National Oil Corp. head…

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