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Oil Prices Rally On Significant Crude Draw

Oil Prices Rally On Significant Crude Draw

Oil prices continued to rally…

Energy / Crude Oil

Canadian Shale Is Hitting The Wall

Canadian Shale Is Hitting The Wall

Sep 21, 2018 at 17:05 | Tsvetana Paraskova

Plunging Canadian prices have been depressing oil producers’ realized prices and revenues, even though the U.S. benchmark and the international Brent Crude prices have rallied year to date. But it’s…

Iran: We Won’t Let OPEC Boost Production

Iran: We Won’t Let OPEC Boost Production

Sep 20, 2018 at 16:18 | Nick Cunningham

It’s about that time again. WTI hits $70 per barrel and the tweet-rage is back. We protect the countries of the Middle East, they would…

Canada Boosts Oil Exports To The U.S.

Canada Boosts Oil Exports To The U.S.

Sep 20, 2018 at 15:59 | Tim Daiss

Canada is requiring stronger tanks cars for transporting crude oil ahead of previously set deadlines, the country’s transport minister said on Wednesday. Transport Canada, the government department responsible for…

Oil Prices Slip After Trump Slams OPEC On Twitter

Oil Prices Slip After Trump Slams OPEC On Twitter

Sep 20, 2018 at 10:05 | Tsvetana Paraskova

As Brent Crude prices have been slowly creeping up to the $80 mark for a week, U.S. President Donald Trump took to Twitter again to slam OPEC about pushing prices…

Strong Rise In Spending Keeps Offshore Ahead Of Shale

Strong Rise In Spending Keeps Offshore Ahead Of Shale

Sep 20, 2018 at 09:14 | Rystad Energy

A recent surge in final investment decisions (FIDs) on offshore oil and gas projects has set the scene for a healthy increase in offshore investments next year, thus preventing the…

Why Oil Markets Can’t Escape OPEC, Russian Influence

Why Oil Markets Can’t Escape OPEC, Russian Influence

Sep 19, 2018 at 16:16 | Tsvetana Paraskova

OPEC members and their Russia-led non-OPEC allies have yet to decide how to share the 1 million bpd production boost they pledged in June. when they saw the market started…

Just How Low Can Iran’s Oil Exports Go?

Just How Low Can Iran’s Oil Exports Go?

Sep 19, 2018 at 15:57 | Tsvetana Paraskova

Iran’s oil exports started to fall noticeably in August as key customers in Asia began to curtail oil purchases to either comply with the U.S. efforts to bring Iranian exports…

Oil Prices Inch Higher On Crude, Gasoline Draw

Oil Prices Inch Higher On Crude, Gasoline Draw

Sep 19, 2018 at 09:44 | Irina Slav

After API’s latest surprise inventory build pressured oil prices, the Energy Information Administration cheered the market up by refuting the build and reporting instead yet another weekly draw, of…

Saudi Oil Inventories Continue To Plummet

Saudi Oil Inventories Continue To Plummet

Sep 18, 2018 at 11:39 | Tsvetana Paraskova

In July, Saudi Arabia saw its highest crude oil stocks draw in eight months at 5.51 million barrels, after the Kingdom unexpectedly reduced its production compared to June while it…

Is The Shale Slowdown Overblown?

Is The Shale Slowdown Overblown?

Sep 17, 2018 at 14:41 | Nick Cunningham

The shale industry has hit a bit of a rough patch, with pipeline bottlenecks, cost inflation and a crowded field contributing to a drilling and production slowdown. But many in…

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