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How Much Further Can Venezuela’s Oil Production Fall?

How Much Further Can Venezuela’s Oil Production Fall?

With the re-inauguration of Maduro,…

Libya Aims To Double Oil Production Within 2 Years

Libya Aims To Double Oil Production Within 2 Years

Libya’s National Oil Corporation looks…

Energy / Crude Oil

U.S. Refiners Rush To Buy Heavy Oil As Trump Looks To Punish Maduro

U.S. Refiners Rush To Buy Heavy Oil As Trump Looks To Punish Maduro

Jan 18, 2019 at 10:49 | Irina Slav

Refiners in the United States are stocking up on heavy crude, pushing prices higher, as the Trump administration prepares to slam more punitive measures on Caracas after the inauguration of…

This Is How Much Each OPEC+ Member Needs To Cut

This Is How Much Each OPEC+ Member Needs To Cut

Jan 18, 2019 at 09:28 | Tsvetana Paraskova

OPEC published on Friday the long-awaited list of oil production quotas for each country in the OPEC+ deal, as it seeks to shore up market confidence that the cartel…

U.S. Oil Outlook Slammed By Lower Prices

U.S. Oil Outlook Slammed By Lower Prices

Jan 16, 2019 at 15:55 | Nick Cunningham

The recent slide in oil prices may finally start impacting U.S. oil production forecasts. The plunge in oil prices in November and December spread gloom around the industry. Comments from…

How Much Further Can Venezuela’s Oil Production Fall?

How Much Further Can Venezuela’s Oil Production Fall?

Jan 16, 2019 at 15:24 | Editorial Dept

Ambivalent is the word that best describes the condition Venezuelan President Nicolás Maduro has found himself in. From a formal point of view, his January 10 reinauguration went along smoothly…

Trump Takes Aim At Maduro, Threatens Oil Embargo

Trump Takes Aim At Maduro, Threatens Oil Embargo

Jan 16, 2019 at 13:42 | Irina Slav

A week after Venezuelan President Nicolas Maduro was sworn in for a second term in office, the option of a complete oil embargo against Venezuela has been put back on…

Offshore Spending To Overtake Shale In 2019

Offshore Spending To Overtake Shale In 2019

Jan 16, 2019 at 13:22 | Rystad Energy

Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the offshore subsea market and the maintenance, modifications and operations (MMO) sector…

Crude Oil Inventory Draw Fails To Move Market

Crude Oil Inventory Draw Fails To Move Market

Jan 16, 2019 at 09:47 | Irina Slav

The Energy Information Administration reported a crude oil inventory decline of 2.7 million barrels for the week to January 11 but the report failed to have any palpable effect…

EIA: OPEC Production To Fall By 1 Million Bpd This Year

EIA: OPEC Production To Fall By 1 Million Bpd This Year

Jan 16, 2019 at 09:05 | Irina Slav

The Energy Information Administration expects OPEC’s combined crude oil production this year to be 1 million barrels per day lower than in 2018, when the cartel produced an average 31.92…

Oil Markets Could See Deficit In 2019

Oil Markets Could See Deficit In 2019

Jan 15, 2019 at 13:55 | Nick Cunningham

The oil supply surplus is “starting to reverse,” according to a new report from Bank of America Merrill Lynch. The investment bank noted that oil prices had collapsed in late…

U.S. ‘Tough Line’ On Iran Depends On Crude Prices

U.S. ‘Tough Line’ On Iran Depends On Crude Prices

Jan 15, 2019 at 13:52 | Nick Cunningham

The U.S. government is planning on taking a tougher line on Iran in the months ahead, redoubling its efforts to cut Iran’s oil exports down to zero. Brian Hook, the…

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