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The US Oil Export Boom Is Only Just Getting Started

The US Oil Export Boom Is Only Just Getting Started

U.S. crude oil exports jumped…

Iran's 3-Part Plan To Outsmart Sanctions

Iran's 3-Part Plan To Outsmart Sanctions

Iran’s priority in continuing to…

Energy / Crude Oil

Is This The World’s Newest Oil Benchmark?

Is This The World’s Newest Oil Benchmark?

Oct 11, 2019 at 11:01 | Irina Slav

Abu Dhabi, the oil producing member of the United Arab Emirates, has plans to take on global benchmarks Brent and West Texas Intermediate with its very own contract, Murban, Bloomberg…

Big Oil Tries To Buy Back Investors

Big Oil Tries To Buy Back Investors

Oct 09, 2019 at 16:59 | Tsvetana Paraskova

Major oil companies have recently raised their guidance for dividend payouts, promising shareholders handsome returns at a time when a growing number of investors are questioning the future of oil…

Iran's 3-Part Plan To Outsmart Sanctions

Iran's 3-Part Plan To Outsmart Sanctions

Oct 09, 2019 at 13:06 | Simon Watkins

Iran’s priority in continuing to optimise its oil industry exports despite ongoing U.S. sanctions is to push the pace of development firstly of the multiple fields that constitute the

The Largest US Oil Production Drop In A Decade Was Just A Glitch

The Largest US Oil Production Drop In A Decade Was Just A Glitch

Oct 09, 2019 at 12:56 | Tsvetana Paraskova

The largest monthly drop in U.S. crude oil production in more than a decade in July is likely a temporary, geographically isolated glitch largely due to Gulf of Mexico shut-ins…

Inventory Build Sends Oil Prices Lower

Inventory Build Sends Oil Prices Lower

Oct 09, 2019 at 09:42 | Irina Slav

As crude oil entered its third day of price declines in a row, the Energy Information Administration added to already existing pressure by reporting a build in crude oil…

The New Sweet Spot In The Permian Boom

The New Sweet Spot In The Permian Boom

Oct 08, 2019 at 17:43 | Nick Cunningham

New Mexico may be starting to surpass West Texas as the main focus of shale drilling, with rigs decamping from familiar areas in the Permian to other less drilled locales.…

Iran Admits U.S. Sanctions Dealt ‘’Deadly Blow’’ To Its Oil Industry

Iran Admits U.S. Sanctions Dealt ‘’Deadly Blow’’ To Its Oil Industry

Oct 08, 2019 at 11:57 | Tsvetana Paraskova

Iran’s oil industry has been falling behind because of the U.S. sanctions, but Tehran will resist, Iranian media quoted Oil Minister Bijan Zanganeh as saying on Tuesday. “The conditions…

Brimming Storage And No Buyers: Venezuela’s Oil Production Tanks

Brimming Storage And No Buyers: Venezuela’s Oil Production Tanks

Oct 07, 2019 at 13:36 | Nick Cunningham

Venezuela’s oil production took another hit in recent days, as the country struggles with brimming storage tanks and no buyers. PDVSA slashed output in the Orinoco Belt to just 200,000…

Capital Flight Is Killing The US Shale Boom

Capital Flight Is Killing The US Shale Boom

Oct 04, 2019 at 16:34 | Nick Cunningham

The growth in U.S. shale production is grinding to a halt as low prices put drillers in a financial vice. The slowdown has been unfolding for much of 2019, but…

Rig Count Falls For Seventh Straight Week

Rig Count Falls For Seventh Straight Week

Oct 04, 2019 at 12:30 | Julianne Geiger

The US oil and gas rig count fell for the seventh week in a row this week, decreasing by 5, according to Baker Hughes, but US oil companies are still…

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