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OPEC Won’t Take Additional Action As Oil Prices Rise

OPEC Won’t Take Additional Action As Oil Prices Rise

UAE oil minister al-Mazrouei said…

Spare Capacity: The Biggest Mystery In Oil Markets

Spare Capacity: The Biggest Mystery In Oil Markets

As pressure continues to mount…

Energy / Crude Oil

Oil Investors Look To Utah For Long-Term Riches

Oil Investors Look To Utah For Long-Term Riches

Jul 19, 2018 at 14:12 | Tsvetana Paraskova

The rise in oil prices has resulted in relentless drilling and booming production in the U.S. shale plays, and the Permian in West Texas is attracting the most drillers, analysts,…

China Just Doubled Oil Shipments To North Korea

China Just Doubled Oil Shipments To North Korea

Jul 19, 2018 at 11:30 | Tsvetana Paraskova

After the recent visits of North Korean leader Kim Jong-un to China, Beijing has almost doubled the volume of crude oil pipeline shipments to North Korea, South Korea’s newspaper Chosun…

Oil Prices At Risk Of Economic Downturn

Oil Prices At Risk Of Economic Downturn

Jul 18, 2018 at 14:30 | Nick Cunningham

Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a bigger threat to crude over the…

Houston To Overtake Cushing As Key Hub

Houston To Overtake Cushing As Key Hub

Jul 18, 2018 at 14:29 | Nick Cunningham

Houston is emerging as one of the great oil hubs in the world, and pretty soon it will be outfitted with an oil futures contract, which could cement its position.…

Oil Sector Under Fire In Libyan Corruption Crackdown

Oil Sector Under Fire In Libyan Corruption Crackdown

Jul 18, 2018 at 14:29 | Tsvetana Paraskova

The latest port blockade in Libya, which had sent the country’s oil production plunging and oil prices surging, was lifted last week with new promises of transparency and the…

Surprise Crude Oil Build Sends Oil Prices Down

Surprise Crude Oil Build Sends Oil Prices Down

Jul 18, 2018 at 09:45 | Julianne Geiger

The Energy Information Administration reported a surprise major build in crude oil inventories of 5.8 million barrels for the week to July 13, after a huge draw of

Oil Selloff Gives Trump More Room On Iran

Oil Selloff Gives Trump More Room On Iran

Jul 17, 2018 at 12:38 | Nick Cunningham

The Trump administration has been going back and forth over how hard it plans on pushing countries to cut their imports of Iranian oil to zero. After softening the tone…

Is The U.S. Overly Dependent On Russian Oil?

Is The U.S. Overly Dependent On Russian Oil?

Jul 17, 2018 at 12:32 | Robert Rapier

At this week’s NATO meeting in Brussels, President Trump criticized Germany’s reliance on Russian natural gas: “Germany is totally controlled by Russia. They will be getting between 60 and 70…

Why Is Venezuela Still Sending Subsidized Oil To Cuba?

Why Is Venezuela Still Sending Subsidized Oil To Cuba?

Jul 17, 2018 at 11:26 | Haley Zaremba

In the past, oil has accounted for 96 percent of Venezuela's exports and over 40 percent of government revenues. Now, as the nation’s economy continues to crumble amid sanctions, political…

Wood Mackenzie: Global Peak Oil Demand Expected In 2036

Wood Mackenzie: Global Peak Oil Demand Expected In 2036

Jul 16, 2018 at 09:16 | Tsvetana Paraskova

Peak oil demand is expected to come around 2036 as electric vehicles and autonomous vehicles are expected to play an increasingly important role in the world’s transportation sector, the Financial…

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