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Energy / Crude Oil

Will Ecuador’s Oil Industry Ever Bounce Back?

Oct 05, 2022 at 09:42 | Matthew Smith

The oil-rich Latin American country of Ecuador finds itself yet again on the cusp of an economic crisis. Attempts to reform the disaster-prone economy and ease fiscal pressures…

OPEC+ To Cut Oil Production By 2 Million Barrels Per Day

Oct 05, 2022 at 09:36 | Julianne Geiger

The full OPEC+ group has agreed to cut production by 2 million bpd, according to sources, after the JMMC recommended a 2 million bpd cut early today. The OPEC+ group…

Federal Court Decision Creates New Opportunities In Iraqi Oil

Oct 04, 2022 at 16:16 | Simon Watkins

Iraq’s Federal Supreme Court (FSC) has invalidated the decision of Iraq’s government to establish the Iraqi National Oil Company (INOC) on the basis that several of its

Oil Prices Jump 5% As Bullish Catalysts Mount

Oct 03, 2022 at 08:21 | Julianne Geiger

Oil prices shot up on Monday morning by more than 5%, with OPEC and non-OPEC meeting in person in Vienna this week, while one oil analyst predicts that…

Exxon May Emerge As The Biggest Winner In Guyana’s Oil Boom

Sep 30, 2022 at 16:03 | Matthew Smith

The impoverished tiny South American country of Guyana has emerged as one of the continent’s top oil producers and is poised to become a leading global

The Biggest Argument For Peak Oil

Sep 30, 2022 at 11:50 | Alex Kimani

It’s been two years since British oil and gas supermajor BP Plc. (NYSE: BP) dramatically declared that the world was already past…

Income Investors Are Returning To Oil And Gas Stocks

Sep 30, 2022 at 09:33 | Tsvetana Paraskova

Some investors have started to see oil and gas stocks as income investment stocks rather than boom-and-bust cyclical stocks, as many others still believe. Record cash…

BP Restarts Offshore Oil And Gas Platforms After Hurricane Ian

Sep 29, 2022 at 10:56 | Julianne Geiger

BP has restarted production at its offshore Na Kika and Thunder Horse oil platforms in the Gulf of Mexico after redeploying previously evacuated staff, BP PLC said on Thursday. BP…

How To Play The Selloff In Oil And Gas Stocks

Sep 29, 2022 at 08:55 | Alex Kimani

After finishing the week as the worst performing sector amid growing recession fears, the energy sector has been paring back losses with WTI crude up 1.7% to $79.79/barrel…

The Idea Of A Windfall Tax On Oil And Gas Is Gaining Popularity

Sep 29, 2022 at 08:42 | Felicity Bradstock

As the European Union introduces an extensive windfall tax, the region is putting pressure on other parts of the world to do the same. The U.K. may have…

U.S. Gulf Of Mexico Can Help Fill Global Oil Supply Gap

Sep 28, 2022 at 10:34 | Tsvetana Paraskova

One of the world’s most mature deepwater basins, the U.S. Gulf of Mexico, has a lot of production life left and could help bridge the oil supply gap…

Oil Jumps On EIA Inventory Data

Sep 28, 2022 at 09:41 | Irina Slav

Crude oil prices moved higher today after the Energy Information Administration today reported a modest inventory draw of 200,000 barrels for the week to September 23. This compared with…

OPEC Crude Oil Exports Trend Lower In September

Sep 28, 2022 at 09:14 | Charles Kennedy

Crude oil exports from all OPEC oil producers were down in the first 25 days of September compared to the full month of August, according to data from Petro-Logistics…

Oil Price Cap On Russian Crude Could Cause Tanker Shortage

Sep 27, 2022 at 12:59 | Tsvetana Paraskova

With the EU embargo on imports of Russian oil starting in December, Russia will have to find new homes for around 2.4 million barrels per…

Russia Likely To Propose Major Output Cut At Next OPEC+ Meeting

Sep 27, 2022 at 09:48 | Julianne Geiger

Russia is likely to propose at the next OPEC+ meeting that the group cut 1 million barrels per day from the group's collective output, Reuters sources familiar with Russian thinking…

Russia At The Forefront Of Development Of Huge Iranian Oil Fields

Sep 27, 2022 at 09:30 | Simon Watkins

The ramping up of production from its hugely oil-rich West Karoun cluster of oil fields to at least 1 million barrels per day…

Not Everyone Is Ditching Russian Energy

Sep 26, 2022 at 11:18 | Felicity Bradstock

After months of conflict in Ukraine, and an increasing movement away from Russian energy by several world powers, some countries have made it clear that they are not…

Colombia May Shoot Itself In The Foot With Ban On Fracking

Sep 23, 2022 at 13:42 | Matthew Smith

  The controversial hydrocarbon technique hydraulic fracturing, known as fracking, which sparked the U.S. oil boom catapulting that country to become the largest petroleum producer globally, is drawing…

Oil Rig Count Sees Small Jump Amid Crash In Crude Prices

Sep 23, 2022 at 12:25 | Julianne Geiger

The number of total active drilling rigs in the United States rose by 1 this week, according to new data from Baker Hughes published on Friday. The total rig count…

An Oil Supply Shock May Be Imminent

Sep 23, 2022 at 09:49 | Irina Slav

When the chief executive of Aramco said earlier this week that years of underinvestment had damaged the balance between supply and demand in the oil market, it should…

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