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The Only Venue Where Oil Majors Will Still Spend Big

The Only Venue Where Oil Majors Will Still Spend Big

The world’s largest oil companies…

Energy Transition Could Doom Africa’s Oil Producers

Energy Transition Could Doom Africa’s Oil Producers

Oil producing nations in Africa…

Energy / Crude Oil

The Only Venue Where Oil Majors Will Still Spend Big

May 05, 2021 at 14:07 | Tsvetana Paraskova

Oil majors may be slashing spending and deferring development plans across the globe, but they remain committed to developing the newest offshore oil finds in the heart of…

Mozambique Delays Could Disrupt Global LNG Market

May 05, 2021 at 13:05 | Rystad Energy

The global liquefied natural gas (LNG) market, which was set to be constantly loose in the second part of this decade, is instead set to get tighter and could even…

Oil Moves Higher On Largest Crude Draw Since January

May 05, 2021 at 09:39 | Irina Slav

Oil prices moved higher after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the week to April 30. In fuels, the inventory…

OPEC Output Flat Ahead Of Planned 600,000 Bpd Boost

May 04, 2021 at 13:16 | Tsvetana Paraskova

OPEC kept its crude oil production essentially flat in April, just before the OPEC+ alliance is set to raise output by 600,000 barrels per day (bpd) in May, a Bloomberg…

Oil Investment Lags Jump In Crude Prices

May 03, 2021 at 15:57 | Irina Slav

Investment in new oil and gas projects last year sank to the lowest in 15 years at $350 billion. As the world continues its battle against Covid-19 and as the…

Russia Boosted Oil Production In April

May 03, 2021 at 09:57 | Irina Slav

Russia produced 10.46 million bpd last month, up by 1.9 percent on March as OPEC+ relaxed its production cuts, Bloomberg reports, citing data from Russia's Energy Ministry. Russia's production…

Africa’s Most Interesting Untapped Oil Play

May 02, 2021 at 10:49 | Viktor Katona

When writing the article on this year’s Top Oil Wildcats, one of the hottest candidates had to be dropped out of the list.…

Canada Is Battling Another Pipeline Cancelation By The U.S.

Apr 30, 2021 at 17:03 | Felicity Bradstock

President Biden is coming under fire for his attack on oil and gas once again as Canada pleads to keep the cross-border Great Lakes oil pipeline open. 

What Will Privatization Mean For India’s Burgeoning Oil Industry?

Apr 30, 2021 at 16:50 | Felicity Bradstock

Indian state-owned oil and gas producer Oil and Natural Gas Corporation Limited (ONGC) is told to sell its stake in the country’s oil fields as part of the…

Canada’s Oil Patch Is Preparing For A Production Hike

Apr 29, 2021 at 17:20 | Alex Kimani

At a time when U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production in a bid to return the global oil industry to its…

The “Great Car Comeback” Brightens Oil Demand Outlook

Apr 29, 2021 at 16:43 | Irina Slav

Despite high vaccination rates in many parts of the world, people appear to be still wary of public transit, opting for personal vehicles, which is driving up demand for crude…

When Will Oil Demand Fully Recover?

Apr 29, 2021 at 13:09 | Robert Rapier

As the Covid-19 pandemic began to spread last year, I developed an idea. I hypothesized that the pandemic would cause a permanent dent in oil demand. I covered that hypothesis…

Rystad Energy: India’s COVID Crisis Could Result In Global Oil Glut

Apr 29, 2021 at 12:57 | Tsvetana Paraskova

India’s worsening COVID outbreak is set to disturb the nearly balanced global oil market, which will show a surplus of oil supply of as much as 1.4 million barrels per…

India COVID Crisis Could Slow Global Oil Demand Rebound

Apr 29, 2021 at 09:08 | Tsvetana Paraskova

India’s grim record-setting COVID wave shows the market that the expected rebound in global oil demand this year may not be a straight line up. The world’s third-largest oil importer…

Three Things That Will Drive Oil Prices In May

Apr 28, 2021 at 17:53 | Alex Kimani

The Energy Sector (NYSEARCA:XLE) has taken the lead in the S&P midday sector standings on Wednesday trading, jumping 3.5% as OPEC+ appears ready to stick with earlier plans to…

Oil Theft Is A Major Problem In Latin America

Apr 28, 2021 at 13:41 | Matthew Smith

Washington’s focus on disrupting narco-trafficking in Latin America, through a combination of coca crop eradication, enforcement and seizures is placing pressure on criminal organizations to find other sources…

Oil Prices Rally Despite Bearish Backlash

Apr 28, 2021 at 12:13 | Yousef Alshammari

Despite the re-emerging Covid 19 crisis in India, oil prices maintained momentum even as OPEC+ has decided to go ahead with previously agreed production hike plans. Oil prices…

European Oil Majors Out-Traded U.S. Peers In 2020

Apr 27, 2021 at 17:22 | Julianne Geiger

Last year might have been a harrowing one for oil markets, but dozens of big-time oil traders netted tons of profit harnessing the volatility opportunities. Exxon wasn't among them.  The…

Is California’s Fracking Ban A Big Deal For The Oil Industry?

Apr 27, 2021 at 15:23 | Tsvetana Paraskova

“California needs to move beyond oil,” Governor Gavin Newsom said on Friday when he directed the Department of Conservation’s Geologic Energy Management (CalGEM) Division to initiate regulatory action to…

The 5 Most Influential Oil Companies In The World

Apr 26, 2021 at 18:11 | Alex Kimani

In a virtual climate summit with 41 world leaders, President Joe Biden on Thursday unveiled an ambitious 10-year Climate Plan that has proposed cutting U.S. greenhouse gas emissions by 50-52%…

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