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Russian Oil Exports Plunged By 820,000 Bpd Last Week

Russian Oil Exports Plunged By 820,000 Bpd Last Week

Russia’s crude oil exports plunged…

Will U.S. Shale Ever Return To Its Glory Days?

Will U.S. Shale Ever Return To Its Glory Days?

While American shale production isn’t…

Energy / Crude Oil

U.S. Oil Is Replacing Russian Crude In EU Markets

Feb 02, 2023 at 13:33 | Julianne Geiger

As the EU contends with the lack of Russian crude oil as a result of its restrictions on crude oil imports and the G7's price ceiling on Russian crude oil, the amount of U.S.…

Will U.S. Shale Ever Return To Its Glory Days?

Feb 02, 2023 at 10:37 | David Messler

This article is intended to provide an update on one of the key trends I highlighted in my last OilPrice article on shale…

Venezuela Is Scrambling To Make The Most Of The Global Oil Shortage

Feb 02, 2023 at 10:24 | Felicity Bradstock

Venezuela is making the most of the global oil shortage, in the wake of the Russian invasion of Ukraine, as the U.S. was forced to make certain concessions…

Diesel Margins Could Get a Boost from Russian Diesel Ban

Feb 01, 2023 at 10:27 | Tsvetana Paraskova

Refining margins in Asia have dropped in recent weeks as China ramped up exports of fuels amid high export quotas assigned to its refiners in recent months. The…

Oil Prices Inch Lower After EIA Confirms Crude Build

Feb 01, 2023 at 09:41 | Irina Slav

Crude oil prices inched lower today, after the U.S. Energy Information Administration reported a crude oil inventory build of 4.1 million barrels for the week…

Big Oil Speaks Out Against Trudeau’s “Just Transition” Bill

Feb 01, 2023 at 08:27 | Felicity Bradstock

Canada has big plans for its energy workers as the government hopes to launch a ‘Just Transition bill’ to help workers employed in oil and gas operations to…

Chinese Demand Will Drive Oil Prices This Year

Jan 31, 2023 at 17:40 | Tsvetana Paraskova

For the first time in decades, China’s oil and gas demand declined in 2022 as the strict Covid policies curtailed economic growth and mobility. This year, demand is…

Everybody Loves Oil Again

Jan 31, 2023 at 15:18 | Irina Slav

After the recent profit-taking on higher oil prices prompted by China’s reopening, traders are once again crowding oil and fuel futures and options. The reasons: China, again, and…

Can Colombia Really Replace Oil And Gas Revenue?

Jan 30, 2023 at 10:32 | Tsvetana Paraskova

Colombia’s new President, Gustavo Petro, wants to move the South American country away from fossil fuels and replace oil revenues with income from tourism, agriculture, and renewable energy. …

Norway’s Temporary Tax Breaks To Bolster Oil Flows To Europe

Jan 27, 2023 at 09:15 | Rystad Energy

The energy crisis in Europe triggered by the ongoing war between Russia and Ukraine has left the continent short of hydrocarbon supplies and increasingly reliant on liquefied natural…

Big Oil Set To Report Record $200 Billion Profits For 2022

Jan 27, 2023 at 08:36 | Tsvetana Paraskova

The five biggest oil majors in the world are expected to report record profits for 2022 in the coming days, for around $200 billion in combined yearly earnings…

Guyana’s Oil Industry Is In For A Stellar Year

Jan 24, 2023 at 13:47 | Matthew Smith

ExxonMobil made its first world-class oil discovery in Guyana’s territorial waters in 2015. Since then, the energy supermajor has made over

Oil Hits 7-Week High On Strong Demand In China

Jan 24, 2023 at 08:55 | Tom Kool

Oil prices held near 7-week highs on Tuesday morning, with strong demand figures from China fueling optimism in the markets.

Russian Oil Exports Plunged By 820,000 Bpd Last Week

Jan 23, 2023 at 08:27 | Tsvetana Paraskova

Russian crude oil shipments from its key export terminals slumped by 22%, or by 820,000 barrels per day (bpd), last week, compared to the previous week, according to…

China Is Still The Biggest Driver Of Oil Prices

Jan 20, 2023 at 11:05 | Tsvetana Paraskova

Oil prices settled on Thursday at their highest level since December 1 as the market is turning bullish on China’s oil demand this…

Upstream Spending To Rise To $485 Billion In 2023

Jan 20, 2023 at 10:26 | Alex Kimani

Over the past three years, the majority of U.S. energy companies have avoided spending big to expand production in the aftermath of the 2020 oil crisis, prioritizing returning…

Russian Oil Ban Creates Profit Opportunities For Traders In Singapore

Jan 20, 2023 at 09:44 | ZeroHedge

A ban on Russian crude oil by the European Union and the US went into effect late last year, forcing Russia to find more buyers in the eastern…

Bulgaria Remains A Major Buyer Of Russian Oil

Jan 20, 2023 at 09:24 | RFE/RL staff

Russia has been hit by waves of Western sanctions for its unprovoked invasion of Ukraine, including its energy sector, a major source of revenue for the Kremlin.

Suriname’s Oil Boom Hits A $10 Billion Snag

Jan 20, 2023 at 09:13 | Matthew Smith

A series of high-quality oil discoveries in Block 58 offshore Suriname combined with investment bank Morgan Stanley estimating that the block contains 6.5 billion barrels of oil sparked…

India’s Growing Oil Industry Is Garnering International Attention

Jan 19, 2023 at 09:52 | Felicity Bradstock

India is expecting big investments in its oil and gas sector this year, with international oil majors such as Chevron, Exxon, and TotalEnergies showing interest. This follows the…

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