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Goldman: No One Knows What’s Going On In Oil Markets

Goldman: No One Knows What’s Going On In Oil Markets

The opaque supply situation in…

BP: Petrochemicals Drive U.S. Oil Demand Boom

BP: Petrochemicals Drive U.S. Oil Demand Boom

The United States saw its…

Energy / Crude Oil

Venezuelan Oil Production Could Plunge To Zero

Venezuelan Oil Production Could Plunge To Zero

May 02, 2019 at 16:28 | Nick Cunningham

The oil markets are shrugging off the threat to global oil supplies from Iran and Venezuela, with rising U.S. inventories assuaging concerns about market tightness. The failed coup attempt in…

What’s Behind The Mid-Week Oil Price Crash

What’s Behind The Mid-Week Oil Price Crash

May 02, 2019 at 16:03 | Nick Cunningham

Oil prices crashed mid-week on news that U.S. crude oil inventories spiked, offering evidence that the oil market is not as tight as expected only a few…

Has OPEC Reached Its Real Output Cut Goals?

Has OPEC Reached Its Real Output Cut Goals?

May 02, 2019 at 15:53 | Irina Slav

OPEC production estimates from a couple of surveys are in and they suggest the cartel, despite its best efforts, has not been completely successful in its efforts to drive prices…

Mexico Puts The Squeeze On Fuel Theft

Mexico Puts The Squeeze On Fuel Theft

May 02, 2019 at 13:51 | Haley Zaremba

Pemex is struggling--to put it lightly. Petroleos Mexicanos, Mexico’s long-mismanaged state-owned oil company, has been bleeding money as its production levels have fallen to a trickle of their former production…

Oil Prices Tank On Record U.S. Production, Surging Inventories

Oil Prices Tank On Record U.S. Production, Surging Inventories

May 02, 2019 at 10:39 | Tsvetana Paraskova

Oil prices plunged early on Thursday to the lowest in a month after U.S. government data showed on Wednesday that inventories hit their highest since September 2017 and production soared…

Economists: Higher Oil Prices Here To Stay

Economists: Higher Oil Prices Here To Stay

May 01, 2019 at 17:33 | Alex Kimani

Economists have jacked up the projection for U.S. light crude to average $60.23 per barrel in 2019 from a $58.92 forecast in March in the second and most bullish upwards…

High-Cost Oil Faces Existential Risk

High-Cost Oil Faces Existential Risk

May 01, 2019 at 16:04 | Nick Cunningham

The world is not going to run out of oil. There is plenty of it. In fact, there is likely way more oil than we need, and much of it…

$1 Billion In Iranian Crude Is Stuck At This Chinese Oil Hub

$1 Billion In Iranian Crude Is Stuck At This Chinese Oil Hub

May 01, 2019 at 12:32 | ZeroHedge

It's no secret that Beijing has chafed at American audacity to try and dictate whom Chinese refineries can and can't buy oil from. And in the latest example of just…

OPEC Oil Production Slips To 4-Year Low

OPEC Oil Production Slips To 4-Year Low

May 01, 2019 at 12:01 | Irina Slav

Crude oil production from OPEC declined to the lowest in four years last month, a Reuters survey has suggested, largely because of the continued fall in Venezuelan output and…

The Most Overlooked Risk In Oil Markets

The Most Overlooked Risk In Oil Markets

Apr 30, 2019 at 16:51 | Nick Cunningham

The global economy is once again showing some worrying signs of a slowdown, opening up a major downside risk to oil prices. Global trade volumes are declining for the first…


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