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Could Renewable Diesel Crush Oil Demand?

Could Renewable Diesel Crush Oil Demand?

Diesel prices continue to fall…

Oil, Gas Activity in U.S. Holds Steady

Oil, Gas Activity in U.S. Holds Steady

The total number of active…

Energy / Crude Oil

Oil Demand Is Still OPEC’s Top Concern

Jan 04, 2021 at 08:45 | Irina Slav

OPEC has signaled it is concerned about oil demand despite its production control efforts as Covid-19 cases continue to surge in key markets, and the global total is…

Cambodia Prepares To Produce Its First Oil

Dec 31, 2020 at 11:53 | Felicity Bradstock

As Asian oil demand looks set to increase over the next decade, Cambodia is taking advantage of the opportunity with its first crude oil production.  Cambodia’s…

China Is Fueling South America’s Oil Boom

Dec 31, 2020 at 11:33 | Matthew Smith

Oil demand from China has been one of the few bright spots for a global petroleum industry severely impacted by a long-term global supply glut and the economic…

How One Bad Oil Bet Sparked A Global Trading Disaster

Dec 31, 2020 at 11:30 | Haley Zaremba

By now we are all keenly aware of the near-devastating impact that the novel coronavirus has had on oil markets and the fossil fuel industry around the world.…

Merger Mania Is Transforming Canada’s Oil Scene

Dec 31, 2020 at 11:22 | Felicity Bradstock

Canada’s oil landscape looks encouraging for 2021 as Whitecap Resources Inc. acquires two oil and gas companies in addition to mergers between other energy companies, with anticipated growth…

Fracking Could Save Colombia From Economic Crisis

Dec 30, 2020 at 13:06 | Matthew Smith

Colombia country is facing its worst economic catastrophe of modern times because of the global COVID-19 pandemic. The IMF believes that the strife-torn…

Oil Jumps On Significant Crude Inventory Draw

Dec 30, 2020 at 09:40 | Irina Slav

Crude oil prices rose further today after the Energy Information Administration reported an oil inventory draw of 6.1 million barrels for the week to December 25. A day earlier,…

What Big Oil’s $145 Billion Write-Downs Mean For The Industry

Dec 28, 2020 at 11:48 | Tsvetana Paraskova

The 2020 oil price collapse provided a reality check for the global oil and gas industry, which reassessed its price assumptions for the years ahead and readjusted the…

Russia: OPEC+ Deal Could Be Tweaked If Oil Demand Recovers Faster

Dec 28, 2020 at 10:04 | Tsvetana Paraskova

The terms of the OPEC+ production pact could be revised if oil demand recovers next year faster than currently expected, Russian Deputy Prime Minister Alexander Novak, who is still in…

The Very Real Possibility Of Peak Oil Supply

Dec 24, 2020 at 10:35 | Alex Kimani

Three months ago, British oil giant BP Plc. (NYSE:BP) sent shockwaves through the oil and gas sector after it declared that Peak Oil demand was already…

Oil Prices Rise On Bullish EIA Inventory Report

Dec 23, 2020 at 09:41 | Irina Slav

Crude oil prices today moved higher after the Energy Information Administration reported an inventory draw of 600,000 barrels for the week to December 18. This compared with a

ConocoPhillips Makes Large Oil Discovery Offshore Norway

Dec 22, 2020 at 13:40 | Charles Kennedy

ConocoPhillips has made a large oil discovery in the Norwegian Sea close to a producing oilfield, the U.S. oil and gas company said on Tuesday. Preliminary estimates point to…

The Worst May Be Over For U.S. Oil

Dec 22, 2020 at 12:03 | Irina Slav

More than 40 oil and gas companies in the United States filed for bankruptcy protection in the first eleven months of this year, according to Haynes & Boone’s latest

Peru’s Oil Crisis Is Worsening

Dec 21, 2020 at 13:23 | Matthew Smith

A string of crises has engulfed Peru, Latin America’s sixth-largest economy, since the start of 2020. If the marked impact of the COVID-19 pandemic on Peru were not…

Russia Backs Another 500,000 Bpd Oil Production Increase

Dec 21, 2020 at 10:08 | Tsvetana Paraskova

Despite renewed fears about oil demand due to the new coronavirus strain, the leader of the non-OPEC group in the OPEC+ pact, Russia, is still in favor of another 500,000…

Fuel Demand In India Is Soaring Despite Pandemic

Dec 18, 2020 at 18:32 | Tsvetana Paraskova

India, the world’s third-largest oil importer and consumer, turned from the worst-performing demand market in July into one of the fastest-growing fuel demand markets in November, lending support…

Russia’s Largest Oil Company Is Spinning Off Key Assets

Dec 18, 2020 at 18:14 | Viktor Katona

Proverbs tell us a great deal about how a views the same phenomenon. Brits would say that necessity is the mother of invention whilst many Eastern European nations…

This Tiny Island Group Could Soon Become An Oil Producer

Dec 18, 2020 at 18:09 | Viktor Katona

Protracted economic crises always challenge the forbearance of governments and militaries across the world when it comes to border disputes, be they maritime or onshore. The case of…

Rockefeller Foundation, Created By Oil, Ditches Oil Investments

Dec 18, 2020 at 12:41 | Tsvetana Paraskova

The Rockefeller Foundation, set up by John D. Rockefeller in 1913, has decided to divest from fossil fuels and not make any new investment in the industry, the president of…

Putin: Russia Reduces Its Dependence On Oil

Dec 17, 2020 at 09:24 | Irina Slav

Russia is successfully weaning itself off oil revenues, President Vladimir Putin said today during an annual end-of-the-year news conference, as quoted by RT. "This means that, while we're not…

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