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Breaking News:

Oil Prices Rise On Surprise Crude Draw

Barrel

Oil Prices Head Lower Despite Small Crude Draw

Oil prices continued to trade…

Energy / Crude Oil

Oil storage

OPEC Considers Deeper Oil Cuts Amid Virus Market Meltdown

Jan 27, 2020 at 11:19 | Tsvetana Paraskova

As leading OPEC producers downplayed fears of crippled demand growth in an attempt to calm the oil market on Monday, the cartel is said to be considering extending the ongoing…

Libya oil

Libya Oil Output Plummets To 280,000 Bpd

Jan 27, 2020 at 10:21 | Irina Slav

Libya’s oil production took a nosedive to less than 300,000 bpd last week, from over 1 million bpd following a blockade of its main oil export terminals, which has in…

Barrel

Oil Prices Head Lower Despite Small Crude Draw

Jan 23, 2020 at 10:10 | Irina Slav

Crude oil prices were stubbornly down following the Energy Information Administration reported a modest crude oil inventory draw of 400,000 barrels for the week to January 17. This compared with…

Libya Haftar

The 1.2 Million Bpd Outage That Oil Markets Are Completely Ignoring

Jan 22, 2020 at 13:48 | Julianne Geiger

General Khalifa Haftar has shut off more than half of Libya’s oil exports, and the National Oil Company (NOC) has declared force majeure, taking a whopping 800,000…

Wolfcamp rig

The “Twin Threats” Facing Big Oil

Jan 21, 2020 at 17:57 | Nick Cunningham

The global oil and gas industry is facing the “twin threats” of the loss of profitability and the loss of social acceptability as the climate crisis continues to worsen. The…

Trump Saudi

Why Trump Can’t Retreat From The Middle East

Jan 21, 2020 at 17:07 | Editorial Dept

If America doesn't need Saudi oil anymore, why is it still wooing crown princes, especially when American public opinion isn’t really on board? A Business Insider poll from September…

Offshore oil

Expect A Strong Year For Oil Discoveries

Jan 21, 2020 at 16:49 | Julianne Geiger

Discovery isn’t dead. It’s just moved into trickier geological territory, but that’s not stopping the impressive advance.  Despite growing anti-oil sentiment, oil and gas companies unearthed 12.2 billion new…

Rig

EIA Sees Lower Brent Prices On Fading Geopolitical Risk

Jan 21, 2020 at 09:33 | Tsvetana Paraskova

Barring a major lengthy supply disruption, Brent Crude prices will average US$62 a barrel in May, lower than the current price, as the geopolitical risk premium gradually decreases in the…

Libya Sharara

800,000 Bpd Offline After Haftar Affiliates Halt Exports

Jan 20, 2020 at 09:26 | Irina Slav

Tribal groups loyal to General Khalifa Haftar have blocked oil exports from eastern Libyan ports and have also seized several oil fields in the south ahead of peace talks between…

Tanker Venezuela

Oil Is The Only Way Back Up For Venezuela

Jan 17, 2020 at 16:08 | Editorial Dept

There’s only one path to rebuilding Venezuela, and it’s paved with oil. For the time being, that path leads nowhere.  The key to controlling everything now lies with the National…

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