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Energy / Crude Oil

Big Pivot In Energy Is Gaining Momentum

Big Pivot In Energy Is Gaining Momentum

Mar 21, 2019 at 18:28 | Nick Cunningham

For years, the oil and gas industry has boasted about the longevity and durability of oil and gas reserves despite growing signs that peak oil demand is around the corner.…

U.S. Didn’t Import Venezuelan Oil Last Week—For The First Time Ever

U.S. Didn’t Import Venezuelan Oil Last Week—For The First Time Ever

Mar 21, 2019 at 14:20 | Tsvetana Paraskova

The United States didn’t import any crude oil from Venezuela in the week to March 15, for the first time ever since the EIA began tracking weekly U.S. crude…

One Last Warning For The U.S. Shale Patch

One Last Warning For The U.S. Shale Patch

Mar 20, 2019 at 18:19 | Arthur Berman

Oil price lost 44% of its value late last year. That price collapse was a signal to tight oil companies to stop over-producing. The message will be repeated until action…

U.S. On The Hunt For Iranian “Ghost Tankers”

U.S. On The Hunt For Iranian “Ghost Tankers”

Mar 20, 2019 at 14:58 | Irina Slav

When Washington announced the return of economic sanctions against Iran, the main idea was pretty clear: cut exports of vital oil to zero to paralyze the economy and prompt a…

Oilfield Services Might Not Fully Recover Till 2025

Oilfield Services Might Not Fully Recover Till 2025

Mar 19, 2019 at 13:03 | Rystad Energy

The global oilfield service sector’s recovery from the deepest trough it has ever encountered is not going to happen overnight. Not until 2025, 11 years after the last peak, are…

Why Russia Fails To Comply With The OPEC+ Cuts

Why Russia Fails To Comply With The OPEC+ Cuts

Mar 18, 2019 at 12:48 | Irina Slav

Russia’s crude oil production to date is 140,000 bpd lower than the average daily rate for October 2018, Energy Minister Alexander Novak said as quoted by TASS. The October…

Crude Oil Stocks Rise Despite U.S. Sanctions

Crude Oil Stocks Rise Despite U.S. Sanctions

Mar 18, 2019 at 11:45 | Irina Slav

Crude oil inventories in the world are rising despite U.S. sanctions, which have affected Venezuelan and Iranian production, Saudi Arabia’s Energy Minister Khalid al-Falih said, as quoted by Reuters,…

Cuba Faces Oil Crisis As Venezuela Crumbles

Cuba Faces Oil Crisis As Venezuela Crumbles

Mar 15, 2019 at 14:09 | Irina Slav

When Venezuela’s opposition leader Juan Guaido earlier this week said he had decreed the suspension of all crude oil shipments to Cuba, he explained the move with the massive…

How The Californian Oil Boom Died

How The Californian Oil Boom Died

Mar 14, 2019 at 13:05 | Robert Rapier

This week I am creating slides for a presentation I am giving in California later this month. While researching the material, I took a closer look at the history of California’s oil…

U.S. Oil Production Is Headed For A Quick Decline

U.S. Oil Production Is Headed For A Quick Decline

Mar 11, 2019 at 18:01 | Philip Verleger

The most recent forecasts published by the US Energy Information Administration show US oil production increasing steadily. The February Short-Term Energy Outlook sees the output from US wells rising from…

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