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Oil Rises After EIA Reports Crude Inventory Draw

Oil Rises After EIA Reports Crude Inventory Draw

Oil prices rose further on…

Is OPEC’s No.2 Finally Cutting Production?

Is OPEC’s No.2 Finally Cutting Production?

Since OPEC started restricting oil…

Energy / Crude Oil

How An Oil Supply Outage Could Paralyze Asia

How An Oil Supply Outage Could Paralyze Asia

Sep 18, 2019 at 15:36 | Irina Slav

It’s the news of the month: Saudi Arabia’s oil industry was attacked and prices jumped as everyone worried about supply security just days after the latest reports warning about…

Saudi Oil Outage Impact Not As Bad As Predicted

Saudi Oil Outage Impact Not As Bad As Predicted

Sep 17, 2019 at 17:48 | Nick Cunningham

Oil prices have gyrated this week on conflicting reports and predictions regarding the restoration of operations at the damaged Abqaiq processing facility in Saudi Arabia. The largest…

China Just Got Handed The Oil Deal Of A Lifetime

China Just Got Handed The Oil Deal Of A Lifetime

Sep 17, 2019 at 17:08 | Simon Watkins

China and Russia are sewing up whatever oil and gas fields and accompanying infrastructure that they can in Iran and Iraq, as Iraq tries to markedly up the pace of…

Russia Capitalizes On America’s Thinly Stretched Middle East Focus

Russia Capitalizes On America’s Thinly Stretched Middle East Focus

Sep 16, 2019 at 14:12 | Simon Watkins

A sliver of news from Iraq passed almost unnoticed by global media last week: Stroytransgaz has signed a preliminary contract with the oil ministry in Baghdad for oil and gas…

Aramco’s Oil Disruptions Could Last Months: Analyst

Aramco’s Oil Disruptions Could Last Months: Analyst

Sep 16, 2019 at 13:48 | Julianne Geiger

Saudi Arabia’s disrupted oil production may last longer than originally thought, Amrita Sen, chief oil analyst at Energy Aspects Ltd., told Bloomberg on Monday, with full resumption of oil…

UAE: OPEC Can Fill Saudi Oil Supply Gap If Necessary

UAE: OPEC Can Fill Saudi Oil Supply Gap If Necessary

Sep 16, 2019 at 13:30 | Tsvetana Paraskova

OPEC has sufficient spare capacity to respond to supply shortages after this weekend’s attacks on oil infrastructure that took more than half of Saudi Arabia’s oil production offline, Suhail…

Lower Oil Prices Ends Oilfield Services Growth In 2020

Lower Oil Prices Ends Oilfield Services Growth In 2020

Sep 13, 2019 at 16:31 | Rystad Energy

Lower oil prices will push the global service market into a recession in 2020 after three successive years of growth, according to Rystad Energy. In a new…

Oil Prices May Slump Heavily In 2020

Oil Prices May Slump Heavily In 2020

Sep 13, 2019 at 09:14 | Irina Slav

OPEC and its partners will not deepen their oil production cut yet but will discuss the topic again in December. This is what Saudi Arabia’s newly appointed Energy Minister Abdulaziz…

Can Argentina's Shale Boom Survive?

Can Argentina's Shale Boom Survive?

Sep 12, 2019 at 16:41 | Nick Cunningham

The economic and financial crisis in Argentina is creating a lot of new headwinds for the country’s aggressive push into the Vaca Muerta shale. A new report says that…

The U.S. Briefly Overtook Saudi Arabia In Gross Oil Exports

The U.S. Briefly Overtook Saudi Arabia In Gross Oil Exports

Sep 12, 2019 at 12:59 | Tsvetana Paraskova

The United States briefly overtook Saudi Arabia as the world’s number one gross oil exporter at one point in June this year, the International Energy Agency (IEA) said on…

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