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Stop Counting On Oil Contangos

Crude curves have historically been…

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U.S. Electric Grid Could Cost $5 Trillion To Replace

Talk of modernizing or replacing…

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DAPL Oil To Start Flowing By March 20th

Mar 15, 2017 at 13:21 | Damir Kaletovic

Oil may start to flow from the hotly disputed Dakota Access pipeline as soon as 20 March, after a federal judge on Tuesday denied a request for an emergency injunction…

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Iran Launches 15,000 Bpd Production From Azar Field

Mar 15, 2017 at 12:36 | Tsvetana Paraskova

Iran said that it launched on Tuesday production of crude oil - at an initial rate of 15,000 bpd – from the Azar oil field that it shares with neighboring…

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LNA Suffers 21 Casualties In Retaking Of Oil Terminals

Mar 15, 2017 at 10:31 | Irina Slav

The Libyan National Army lost 21 of its soldiers in the course of retaking the Es Sider and Ras Lanuf oil terminals from the Benghazi Defense Brigades, who took…

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EIA’s Report Dampens Optimism

Mar 15, 2017 at 10:22 | Irina Slav

A day after the American Petroleum Institute brought back some optimism to markets by reporting a much-awaited-but-slim draw to U.S. crude oil inventories, the EIA reversed the mood by…

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Oil Bounces Back As API Reports A Surprise Crude Draw

Mar 14, 2017 at 16:18 | Julianne Geiger

The American Petroleum Institute (API) reported a surprise draw of 531,000 barrels in United States crude oil inventories against expert predictions that domestic supplies would see a small

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Kenya To Start Exporting First Crude this Summer

Mar 14, 2017 at 16:09 | Damir Kaletovic

Kenya has greenlighted a crude oil export agreement with Tullow Oil, Maersk International and local Africa Oil, with pilot exports slated to start in June in a major milestone…

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China Reduces Oil Product Retail Prices As Crude Prices Drop

Mar 14, 2017 at 16:08 | Tsvetana Paraskova

China will be reducing the retail prices of gasoline and diesel by US$12.29 (85 yuan) per ton effective Wednesday, to reflect the lower international crude oil prices, the National Development…

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Libya’s LNA Retakes Key Oil Ports—Again

Mar 14, 2017 at 16:07 | Damir Kaletovic

The Libya National Army (LNA) claimed on Tuesday to have retaken the country’s key oil ports of Ras Lanuf and Es Sider from a rival faction that seized them…

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Russia’s Lukoil Reports Q4 Decline In Profits

Mar 14, 2017 at 13:59 | Tsvetana Paraskova

Lukoil, Russia’s second-biggest oil producer, reported on Tuesday a profit of $792 million (46.6 billion rubles) for the fourth quarter—slightly higher than analyst expectations, but 15 percent lower compared…

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Iran May Cap Output If OPEC Remains Committed To Cuts

Mar 14, 2017 at 13:46 | Tsvetana Paraskova

Iran will be capping its crude oil output at 3.8 million bpd in the second half of the year if fellow OPEC members stay committed to the cuts they had…

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