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Chevron

Chevron Ramps Up Oil Production In Venezuela

Chevron has boosted oil production…

Middle East

The $2 Trillion Threat To Middle East Oil

The global drive to mitigate…

Energy / Crude Oil

OPEC flag

The 3 OPEC Countries Considering Deeper Output Cuts

Feb 21, 2020 at 10:44 | Tsvetana Paraskova

Saudi Arabia and its Gulf Arab neighbors and large fellow OPEC producers the United Arab Emirates (UAE) and Kuwait are discussing this week a potential joint oil production cut of…

Oil tankers

EIA Cuts 2020 Oil Demand Forecast By 378,000 Bpd

Feb 19, 2020 at 09:01 | Irina Slav

After on Friday OPEC slashed its oil demand outlook for this year by 230,000 bpd, the Energy Information Administration followed, revising its global oil demand forecast by as much as…

Khafji field

Restarted Saudi, Kuwaiti Oilfields To Pump 550,000 Bpd By End-2020

Feb 17, 2020 at 12:24 | Tsvetana Paraskova

The total production from the two oilfields that Saudi Arabia and Kuwait share would reach 550,000 bpd by the end of the year, Kuwait’s Oil Minister Khaled al-Fadhel said…

Coronavirus

What Will Oil Prices Do After The Coronavirus?

Feb 14, 2020 at 17:24 | Irina Slav

The coronavirus outbreak in China has hogged headlines for a month now, battering oil prices and sending OPEC into a frenzy to find a way to stop or at least…

Crude by rail

IEA: Oil Demand To Fall For First Time In A Decade

Feb 14, 2020 at 17:11 | Nick Cunningham

The IEA slashed its demand forecast for the first quarter of 2020, predicting that global oil consumption will contract for the first time in over a decade. In its first…

Oil tankers

Asia’s Demand For Middle East Oil Plunges On Coronavirus Outbreak

Feb 14, 2020 at 10:48 | Tsvetana Paraskova

The spot market for Middle East crude cargoes loading in April was virtually non-existent this week, as demand continues to be depressed due to the coronavirus outbreak while buyers are…

oil and gas

The Coronavirus May Mark The End Of Russia-OPEC Cooperation

Feb 13, 2020 at 17:19 | Fares Kilzie

A week ago, at an emergency meeting of the OPEC’s Joint Technical Committee, Russia refused to agree to the cartel’s proposal to reduce production by an additional 600 000…

Oil tankers

Oil Recovers From Last Night’s Nosedive

Feb 13, 2020 at 10:20 | Irina Slav

The latest crude oil price rally was nipped in the bud last night by the news that 15,000 new coronavirus cases had been diagnosed in the Chinese province of Hubei,…

Refinery

A Third Of Fossil Fuel Assets May Soon Be Stranded

Feb 12, 2020 at 17:13 | Alex Kimani

Fossil fuel companies hold vast oil, gas and coal riches that they frequently tout to the investing universe to help elevate their market values. However, not a single energy company…

Oil Storage

EIA Reports Hefty Oil Inventory Build

Feb 12, 2020 at 09:40 | Irina Slav

Crude oil prices hesitated today after the Energy Information Administration reported a U.S. oil inventory build of 7.5 million barrels for the first week of February. The report came…

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