U.S. shale has provided that…
Despite some crude inventory builds…
There are growing fears that the COVID-19 pandemic will sharply impact deeply impoverished Guyana’s economy and fiscally vital oil boom. Newly
Canada’s oil industry is suffering the consequences of the global oil demand and price crash, just like every company in the sector anywhere in the world.
China’s crude oil imports averaged 11.52 million barrels per day (bpd) in September, up by 3.1 percent from August, but slowly returning to historical levels and starting to ease the…
Despite President Maduro’s claims of a looming recovery for Venezuela’s economically crucial oil industry in early 2020 production keeps declining. Even measures aimed at revitalizing the industry and…
Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 6 to 189—a gain that may push prices down further. The total number…
Around 330,000 barrels of oil equivalent per day (boepd), or 8 percent of Norway’s oil and gas production, would be affected after a Norwegian workers’ union steps up a strike…
Oil prices took another dive on Thursday, with the price of WTI falling more than 6% by late morning as OPEC’s production increased in September over August. Spot prices for…
The OPEC+ group raised their total seaborne exports in September to 22.84 million barrels per day (bpd) from 22.11 million bpd in August, but the alliance stayed within its agreed…
Exxon has made the final investment decision on the Payara offshore field in Guyana, the company said this week, adding that it expected Payara to yield up to 220,000…
Oil production from the US lower 48 states, excluding the Gulf of Mexico, peaked at 9.2 million barrels per day in August following back-to-back increases since June. This…
The stability of the global oil market is under threat. The impact of COVID-19 and the resultant demand destruction has put an ever-increasing amount of oil and gas…
The attentive reader might have come across numerous articles about Mexico’s numerous discoveries in the past months. Heavily indebted, mired in a myriad of corruption cases and facing…
Algeria has struggled to keep up with its manifold challenges throughout this year – still trying to clear the rubble of the Bouteflika regime, it continuously needs to…
Oil workers in New Mexico fear they will lose their jobs and oil companies are rushing to secure drilling permits on federal lands…
Iraq appears to be offering higher than the usual amount of spot cargoes on the market for October, oil trade sources in Asia and Europe told
Just when they thought they had rebalanced the oil market, OPEC members were served an unpleasant surprise from exempted fellow Libya. The country’s warring factions reached a ceasefire,…
While Permian oil and gas production was soaring in 2018, U.S. midstream operators were planning and building pipeline takeaway capacity, expecting that the largest U.S. shale play would increase output…
ConocoPhillips (NYSE: COP) is the latest to issue forward-looking statements regarding the global oil demand forecast, stating that global oil demand would indeed return to 100 million barrels per day—and…
The 2nd wave of COVID-19/20 becoming an irreversible part of our reality, the global downstream sector has started to assess the damage done so far and the potential detriment that…
Maintaining oil production will be the top priority for U.S. oil drillers for the next six months, according to the latest installment of the Dallas Fed quarterly energy survey.…