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OPEC: The Oil Glut Is Gone

OPEC: The Oil Glut Is Gone

OPEC, in its latest report,…

Energy / Crude Oil

The Double-Edged Sword Of High Oil Prices

The Double-Edged Sword Of High Oil Prices

May 18, 2018 at 16:57 | Ag Metal Miner

Rising oil prices were seen last year as a positive result of growing global growth and recovery, but a combination of factors is turning this benign view into a more…

U.S. Oil Exports Continue To Break Records

U.S. Oil Exports Continue To Break Records

May 17, 2018 at 15:28 | Nick Cunningham

U.S. crude oil exports broke yet another record, spiking to 2.566 million barrels per day for the week ending on May 11. With U.S. shale surging and export terminals…

IEA: High Oil Prices “Taking A Toll” On Demand

IEA: High Oil Prices “Taking A Toll” On Demand

May 16, 2018 at 17:09 | Nick Cunningham

Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher.…

China Looks To Capitalize On Cheap Iranian Oil

China Looks To Capitalize On Cheap Iranian Oil

May 16, 2018 at 11:34 | Tim Daiss

It’s been a week since President Donald Trump announced that he would withdraw from the Iranian nuclear deal reached in 2015 and impose so-called powerful economic sanctions against the…

Oil Prices Rebound On Crude Inventory Draw

Oil Prices Rebound On Crude Inventory Draw

May 16, 2018 at 09:45 | Irina Slav

A day after the American Petroleum Institute’s crude oil inventory report put a restraint on oil prices, the Energy Information Administration pushed prices up again by reporting a draw…

These Two Shale Plays Are Making A Comeback

These Two Shale Plays Are Making A Comeback

May 15, 2018 at 16:09 | Nick Cunningham

The Permian basin has garnered much of the media attention when it comes to U.S. shale growth, but higher oil prices are putting more shale regions into profitable territory. In…

U.S. Shale Oil Production Rises At Record-Breaking Rate

U.S. Shale Oil Production Rises At Record-Breaking Rate

May 15, 2018 at 10:21 | Irina Slav

Shale oil production in the United States will rise by a record-breaking 144,000 bpd from May to June, hitting 7.178 million bpd, the Energy Information administration estimated in its…

OPEC: The Oil Glut Is Gone

OPEC: The Oil Glut Is Gone

May 14, 2018 at 16:31 | Nick Cunningham

OPEC said that the global oil supply surplus has nearly been eliminated, although the group is shifting its sights on lack of investment in upstream supply. In OPEC’s May Oil…

OPEC Lifts Oil Demand Forecast Amid Rising Prices

OPEC Lifts Oil Demand Forecast Amid Rising Prices

May 14, 2018 at 09:34 | Tsvetana Paraskova

OPEC revised up on Monday its forecast for global oil demand growth this year, but noted that sanctions, tariffs, and the U.S. withdrawal from the Iran nuclear deal point to…

Abu Dhabi’s TAQA Boosts Investment Amid Higher Oil Prices

Abu Dhabi’s TAQA Boosts Investment Amid Higher Oil Prices

May 11, 2018 at 16:45 | Tsvetana Paraskova

Like many other energy companies, Abu Dhabi National Energy Company—known as TAQA—suffered from the effects of low oil prices for three years. And now, like the international oil majors, TAQA…

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