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Will New Zealand Ever Unlock Its Oil Potential?

Will New Zealand Ever Unlock Its Oil Potential?

Small oil producer New Zealand…

Jet Fuel Demand Is The Only Thing Holding Oil Back

Jet Fuel Demand Is The Only Thing Holding Oil Back

Oil prices have rallied past…

Energy / Crude Oil

India: OPEC+ Decision Could Derail Oil Demand Recovery

Mar 05, 2021 at 11:08 | Tsvetana Paraskova

The world’s third-largest oil importer, India, is concerned that Thursday’s OPEC+ decision not to lift oil production in April could hurt the consumption-led recovery in oil demand, Indian Petroleum Minister…

China’s Oil Demand May Be Overestimated

Mar 04, 2021 at 18:08 | Tsvetana Paraskova

Robust oil demand in Asia has supported the bullish sentiment on the oil market in recent weeks, but the higher oil prices may cool off crude purchases from the world’s…

Will Private Shale Firms Crush The OPEC Oil Rally?

Mar 03, 2021 at 17:20 | Tsvetana Paraskova

This year’s rally in oil prices brings back an all-too-familiar question for the oil market and the OPEC+ group: Will U.S. shale come back faster than expected to ruin the…

Is This The World’s Next Big Offshore Oil Region?

Mar 03, 2021 at 16:56 | Matthew Smith

The COVID-19 pandemic, 2020 crude oil price crash and ongoing global petroleum supply glut have done little to slow the growth of South America’s massive offshore oil boom.…

Oil Prices Falter On Colossal Crude Inventory Build

Mar 03, 2021 at 09:43 | Irina Slav

Crude oil prices dropped today after the Energy Information Administration reported what can only be described as a colossal crude oil inventory build of 21.6 million barrels for the…

OPEC+ Considers Keeping Oil Cuts Unchanged Through April

Mar 03, 2021 at 08:45 | Tsvetana Paraskova

The OPEC+ group is considering keeping their collective oil production cuts in April, given the still-fragile global demand recovery, three OPEC+ sources told Reuters on Wednesday. OPEC and its…

What To Expect From The Upcoming OPEC+ Meeting

Mar 02, 2021 at 13:33 | Yousef Alshammari

After breaking the $50 barrier last year, oil prices are currently trading above $60. The major drivers behind this rally include the rise…

Deep Oil Cuts Put Africa At Serious Risk

Mar 01, 2021 at 16:58 | Alex Kimani

About two decades ago, The Economist [infamously] dubbed Africa as the “Hopeless Continent”, claiming that the new millennium had brought more disaster than hope to Africa with threats of famine…

OPEC Oil Production Plunges In February Thanks To Saudi Cut

Mar 01, 2021 at 11:01 | Tsvetana Paraskova

Saudi Arabia’s unilateral additional cut in oil production sent the total OPEC output down by 870,000 barrels per day (bpd) in February, the first monthly drop in the cartel’s production…

U.S. Oil Production Fell To 11 Million Bpd In December

Feb 26, 2021 at 15:26 | Julianne Geiger

U.S. crude oil production fell in December to an average 11.063 million barrels per day, according to the Energy Information Administration’s latest monthly report. U.S. crude oil production fell…

One Of The World’s Oldest Oil Companies Looks To Stage A Comeback

Feb 26, 2021 at 14:33 | Felicity Bradstock

North Sea producer Premier Oil has gained regulatory and antitrust approval to re-emerge under its new trading name Harbour Energy Plc. having agreed to a merger due to…

Jet Fuel Demand Is The Only Thing Holding Oil Back

Feb 24, 2021 at 12:19 | Tsvetana Paraskova

Oil prices have rallied since the start of this year, pushed up by the OPEC+ cuts tightening the market and the vaccine rollouts. Analysts and industry…

Suriname Looks To Ramp Up Oil Production In A Big Way

Feb 24, 2021 at 10:53 | Matthew Smith

Saudi Arabia’s surprise January 2021 one million barrel per day production cut has sparked a sense of bullishness over the outlook for crude oil. The international Brent benchmark…

Argus: Oil Demand Will Not Plunge Because Of The Energy Transition

Feb 23, 2021 at 10:39 | Tsvetana Paraskova

The energy transition and the growing share of electrification of transportation will not lead to a fast decline in global oil demand—any drop in consumption will be very gradual, Argus…

Will New Zealand Ever Unlock Its Oil Potential?

Feb 19, 2021 at 15:03 | Felicity Bradstock

Small oil producer New Zealand has halted exploration of a potentially major oil field in the wake of the Covid-19 pandemic and increased regulator pressure.  New…

Oil Is Hot Again, But For How Long?

Feb 18, 2021 at 17:47 | Irina Slav

From the pariah of industries last year, energy has become a Wall Street darling once again. In the year to date, energy has gained 17 percent on the S&P 500.…

Texas Freeze Causes Largest Ever U.S. Oil Production Decline

Feb 18, 2021 at 09:05 | Irina Slav

U.S. crude oil production has plunged by as much as 40 percent due to the Polar Vortex that brought freezing temperatures to swathes of the United States, most notably including…

Can Venezuela Rebuild Its Crushed Downstream Sector?

Feb 17, 2021 at 13:57 | Viktor Katona

President Biden’s assumption of power has instilled a new sense of hope in Venezuela’s political leadership, with Nicolas Maduro stating that his country was willing to “walk a new path…

Biden’s Energy Plans Threaten Alaska’s Oil Ambitions

Feb 17, 2021 at 13:23 | Rystad Energy

The new energy policies brought forward by the Biden administration in the US are set to rock the country’s oil and gas industry. There has been much discussion over the…

Saudi Arabia Set To Reverse Extra 1 Million Bpd Production Cut From April

Feb 17, 2021 at 09:54 | Tsvetana Paraskova

OPEC’s largest producer Saudi Arabia looks to reverse its unilateral extra production cut of 1 million barrels per day (bpd) after March ends, in view of the recent rally in…

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