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Goldman Sachs: Return Of Iranian Oil Won't Shock Markets

Goldman Sachs: Return Of Iranian Oil Won't Shock Markets

Iranian oil potentially returning legitimately…

Why Libya’s Oil Production Could Drop This Week

Why Libya’s Oil Production Could Drop This Week

Libya’s crude oil production, which…

Energy / Crude Oil

Deeply Discounted Crude Becomes Headache For OPEC

Apr 19, 2021 at 17:41 | Irina Slav

If you ask an oil major what the last five years have been like, they would probably have something to say about price crashes and demand destruction. If…

Is This The End Of The Covid Oil Glut?

Apr 19, 2021 at 15:53 | Tsvetana Paraskova

Recovering economies and increased fuel demand have helped the enormous oil glut from this time last year to shrink to levels that could be further reduced with global…

China's Oil Buying Frenzy May End This Month

Apr 19, 2021 at 10:02 | Tsvetana Paraskova

Higher Chinese crude oil imports and increased domestic production led to a jump in crude volumes directed to storage in the world’s top oil importer in March, according to calculations…

Why Libya’s Oil Production Could Drop This Week

Apr 19, 2021 at 09:09 | Tsvetana Paraskova

Libya’s crude oil production, which has stabilized in recent months at just over 1.2 million barrels per day (bpd), could drop in the coming days and possibly weeks after a…

The Best Is Yet To Come For The World’s Hottest Oil Play

Apr 19, 2021 at 08:03 | James Stafford

By now, those of you who read about my top New Year’s stock pick, Recon Africa, will have learned that this small-cap explorer may have just moved one giant step…

Russia: OPEC+ To Gradually Ease Production Cuts In May-July

Apr 16, 2021 at 11:08 | Tsvetana Paraskova

The OPEC+ alliance will gradually ease the collective production cuts between May and July, as the ministers agreed earlier this month, Russia’s Deputy Prime Minister Alexander Novak told reporters on…

Oil Demand Could Peak By 2026: Goldman Sachs

Apr 16, 2021 at 09:09 | Irina Slav

Despite a bullish stance on the short-term future of oil demand, Goldman Sachs has a grimmer prediction for the longer-term future of the commodity: in a Bloomberg report, the investment…

3 Oil Stocks To Watch This Spring

Apr 15, 2021 at 16:51 | Alex Kimani

Oil bulls who have been praying for oil prices to cross the $70 per barrel mark to affirm a full recovery after a very encouraging 6 month-long rally have unfortunately…

Shell To Exhaust Dwindling Oil & Gas Reserves By 2040

Apr 15, 2021 at 13:13 | Tsvetana Paraskova

Shell expects to have produced 75 percent of its current proved oil and gas reserves by 2030, and only around 3 percent after 2040, the supermajor said in its…

The Permian Faces An Empty Pipeline Crisis

Apr 15, 2021 at 12:31 | Haley Zaremba

Just a few short years ago, the United States was producing more shale oil than ever, pumping as much and as quickly as…

OPEC’s Bullish Demand Data Sparks Hope Of New Oil Rally

Apr 13, 2021 at 15:14 | Julianne Geiger

OPEC has revised its 2021 oil demand upward to stand 190,000 bpd higher than last month's estimates, on the back of an economic rebound that surpasses last month's outlook. Global…

China’s Oil Imports Surge Ahead Of Refinery Maintenance Season

Apr 13, 2021 at 10:31 | Irina Slav

China imported 11.69 million barrels of crude oil daily last month, up by 21 percent on the year, Reuters has reported, citing official customs data. Earlier this month, energy…

Saudi Arabia’s Breakeven Oil Price To Drop To $65 Next Year

Apr 12, 2021 at 15:12 | Charles Kennedy

Higher oil prices and an expected rebound in the global economy and oil demand are set to lower the fiscal breakeven oil price of the major Middle Eastern oil producers…

The $7 Trillion Reason Saudi Arabia Is Cutting Oil Production

Apr 09, 2021 at 16:33 | Alex Kimani

Strict production discipline by OPEC and its partners is the #1 reason why oil prices have managed to stage a remarkable recovery and stay relatively high after plunging…

Eni’s Latest Oil Discovery Could Be Big For Angola

Apr 09, 2021 at 16:20 | Felicity Bradstock

Italian firm Eni has made a new light oil discovery off the coast of Angola after exploration activities recommenced following a year of pandemic restrictions.  The…

Iran Could Soon Officially Return 2 Million Bpd Of Oil To Global Markets

Apr 09, 2021 at 10:06 | Irina Slav

Iranian crude could return to global markets sooner rather than later as this week’s start of negotiations between Tehran and the five world powers that, together with the U.S. signed…

Many Drilled U.S. Wells Will Never Be Completed

Apr 08, 2021 at 17:01 | Julianne Geiger

Fracking crews are increasing their activity in U.S. shale basins, finishing off a slew of DUC wells, according to the EIA’s latest Monthly Drilling Report. As oil and gas companies…

UAE’s Oil Giant Looks To List Drilling Business In Local IPO

Apr 08, 2021 at 16:07 | Charles Kennedy

Abu Dhabi National Oil Company (ADNOC) is talking to banks about the potential listing of its oil drilling unit on the local stock exchange, Reuters reported on Thursday, quoting…

Southeast Asia Looks To Increase Offshore Oil Production

Apr 08, 2021 at 15:51 | Felicity Bradstock

Malaysia and Brunei have signed an agreement to develop two offshore oil fields on the maritime boundary, with greater exploration of recent ultra-deepwater discoveries. The governments…

India Looks To Buy More Iranian Oil As Spat With Saudis Escalates

Apr 08, 2021 at 09:08 | Julianne Geiger

India is at the ready to purchase more Iranian oil immediately if U.S. sanctions on Iran are lifted, a government official has threatened in the latest escalation of the India-Saudi…

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