In the oil rig basins…
The FTC is expected to…
By reporting a 44.6% decrease in profits in Q3 2020, Aramco has put a major damper on Saudi Arabia’s economic diversification strategies and overall stability. Saudi Aramco reported…
Three members of OPEC and Russia are in favor of an extension of the current oil production cuts agreed by OPEC+ in April this year, Iraqi news agency Shafaq has…
With the most recent round of coronavirus-inspired lockdowns in various parts of the world, OPEC may face its biggest challenge yet: cutting even more production
Venezuela’s crude oil exports last month fell further, to a low of 359,000 bpd, Reuters reported, citing official data. The decline was the result of the expiry of a…
The administration of Argentina’s President Alberto Fernández is growing increasingly desperate to restart the burgeoning oil boom which was underway before the COVID-19 pandemic hit. Argentina has been…
The prospect of a 2nd coronavirus wave and consequent demand slump is putting substantial downward pressure on crudes in Europe. Differentials are weakening as most refineries run their distillation units…
Crude oil last week dived below $40 as the resurgence of Covid-19 cases in Europe prompted new national lockdowns in France and Germany—so far. Yet fears have deepened that…
Libya’s crude oil production has reached 800,000 bpd, Reuters has reported, citing sources in the know. This is a 100,000-bpd increase in just a few days, the report added.…
President Donald Trump has signed an order aimed at protecting the shale oil and gas industry, he said in a tweet. “Just signed an order to protect fracking and the…
As if the oil market needed another uncertainty in the year of the pandemic, a Joe Biden win at next week's U.S. presidential election could have a significant…
The coronavirus crisis and the crash in oil prices has unleashed a new wave of mergers and acquisitions (M&A) in the industry, most…
The tiny impoverished Latin American country of Ecuador continues to struggle with its legacy of resource nationalism. Even a push by the current administration of President Lenin Moreno…
Times of recession usually bring up overused terms like belt-tightening or company restructuring though distressed periods are just as useful for settling old scores and shaping up new…
With the 2020 presidential election looming — and with many claims and counterclaims about a president’s impact on the oil industry — I thought it might be of…
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 10 to 221. The total number of active oil and gas rigs increased…
Crude oil collapsed earlier this week after France and Germany announced new lockdowns in response to surging Covid-19 cases, and now it is set for its worst month since late…
Thirty-five percent: this is the size of the spending cuts oil and gas companies are likely to have made this year in response to the effects that the…
As much as 66.6 percent of crude oil production in the Gulf of Mexico remained shut in on Wednesday ahead of Hurricane Zeta, with 228 platforms evacuated according to the…
If you’re in the camp that is wishfully thinking U.S. oil production will rebound anytime soon north of 13 million barrels per day, U.S. Energy Secretary Dan Brouillette is ready…
At a time when the second wave of coronavirus is decimating the world economy, when the Caucasus is smouldering from the consequences of the Karabakh issue and all…