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The Oil Bulls Betting On $150 Crude

The Oil Bulls Betting On $150 Crude

Oil markets aren’t out of…

Second COVID Wave In China Could Upend Crude Recovery

Second COVID Wave In China Could Upend Crude Recovery

China imported a record amount…

Energy / Crude Oil

Oil Market Tightens But COVID-19 Could Spoil The Rally

Jul 10, 2020 at 16:49 | Nick Cunningham

Global oil demand has rebounded somewhat faster than previously thought, although the spread of the coronavirus in the United States and Latin America is “casting a shadow over…

Libya Lifts Force Majeure On All Oil Exports

Jul 10, 2020 at 09:57 | Charles Kennedy

After six months of port blockades and no exports, Libya’s National Oil Corporation (NOC) said on Friday that it lifted force majeure on all oil exports from Libya, potentially giving OPEC+…

The Oil Bulls Betting On $150 Crude

Jul 10, 2020 at 09:20 | Tsvetana Paraskova

The current oil crisis will severely depress investments in new oil production, setting the stage for oil prices hitting $100 or even $150 a barrel over the next five years,…

Crude Oil Shortages Beginning To Bite In Key Markets

Jul 09, 2020 at 17:08 | Alex Kimani

Last month, OPEC and its non-OPEC allies, known as OPEC+, agreed to extend their deep production cuts through July in an effort to rebalance oversupplied markets in the face of pandemic-hit demand.…

More Curtailed US Oil Production Coming Back Online

Jul 09, 2020 at 16:09 | Tsvetana Paraskova

Houston-based Noble Energy plans to bring back by the end of July most of the oil production it had curtailed in the second quarter in response to the plunge in…

Iran’s Oil Storage Ready To Burst

Jul 09, 2020 at 14:55 | Julianne Geiger

The amount of oil that Iran currently has in storage may have come off its May peak, according to industry sources, but it is still forcing the oil producer to…

China Set To Fall Short On U.S. Energy Purchases

Jul 08, 2020 at 16:06 | Tsvetana Paraskova

Even before the coronavirus pandemic upended all forecasts for global trade and energy demand, analysts had doubted that China would be able to fulfill its pledge in the…

Colombia’s Gamble On Oil Could End In Disaster

Jul 08, 2020 at 13:29 | Matthew Smith

The latest oil price collapse coupled with the considerable economic fallout from the coronavirus pandemic has battered Colombia’s fragile economy. As the strife-torn Latin American country emerged from…

Canada’s Oil Patch Is Bringing Production Back Online

Jul 08, 2020 at 10:54 | Tsvetana Paraskova

Encouraged by higher oil prices, Canadian oil companies are bringing back some of the crude oil production they had curtailed, the top executives of some of the largest firms said…

Oil Falls After EIA Confirms Large Crude Inventory Build

Jul 08, 2020 at 09:43 | Julianne Geiger

Crude oil inventories in the United States swelled by 5.7 million barrels in the week to July 3, the Energy Information Administration reported, but gasoline inventories drew down. Analysts had 

North Dakota Will Not Impose Oil Production Cuts

Jul 08, 2020 at 09:12 | Tsvetana Paraskova

North Dakota’s oil regulators decided on Tuesday not to impose any oil production restrictions amid the coronavirus pandemic, The Bismarck Tribune reported. North Dakota follows Texas and Oklahoma in deciding…

World’s Biggest Oil Importer Is Running Out Of Storage

Jul 07, 2020 at 17:48 | Haley Zaremba

When the bottom fell out of international crude oil markets earlier this year, global oil storage was at a premium. In the United States, finding sufficient crude oil…

Why The Bakken May Not Come Back

Jul 07, 2020 at 17:10 | Nick Cunningham

The Bakken shale is already declining because of financial struggles and the oil market downturn, but the potential shuttering of the Dakota Access pipeline could close off the possibility of…

Venezuela’s Oil Riches Are Quietly Falling Under Russian Control

Jul 07, 2020 at 12:03 | Matthew Smith

For decades during the Cold War, Latin America was a focal point of conflict between the two superpowers, the U.S. and Soviet Union. While the U.S. emerged victorious…

Third Major Blow For Pipelines: Keystone XL Project Stays Blocked

Jul 07, 2020 at 09:47 | Tsvetana Paraskova

In the third major blow to oil pipelines in just two days, the U.S. Supreme Court ordered on Monday that construction of the long-delayed and once-resurrected Keystone XL project cannot begin.…

Apple’s “Holy Grail Of Data” Leaves Oil Traders Disappointed

Jul 06, 2020 at 16:01 | Tsvetana Paraskova

If there was anything certain to come out of the COVID-19 pandemic, it is that the oil market and its participants are struggling to guesstimate how long overall…

China’s June Crude Oil Imports Hit Record High

Jul 06, 2020 at 14:20 | Julianne Geiger

China’s crude oil imports in June hit a record high, according to a market analysis by OilX Research, in a sign that China’s thirst for crude oil is not being…

Oil Demand To Rebound Despite Spike In COVID-19 Cases

Jul 06, 2020 at 13:45 | Yousef Alshammari

Despite the continued bearish sentiment, oil markets saw a bit of support over the past week, resulting from the sharp decline in the crude oil inventories as reported by the…

Will Argentina's Oil Industry Survive This Crisis?

Jul 06, 2020 at 11:04 | Viktor Katona

Throughout the 2010s Argentina’s shale deposits were universally listed alongside the US shale gale, denoting the many similarities Vaca Muerta shares with Eagle Ford in particular and Texas’ shale deposits in general. Providing…

Battery Metal Sector Sees Light At The End Of The Tunnel

Jul 03, 2020 at 16:28 | MINING.com

The world is in transition between a lead-acid battery past, and a future in which lithium-ion batteries are poised to supplant lead-acid batteries and to displace increasing volumes…

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