Standard Chartered has predicted global…
Despite Congress passing new sanctions…
OPEC produced more oil in August than it did in July as the cartel continued to relax its production cuts, a Reuters survey has revealed, with recovering demand also…
Kuwait had already slipped into an economic contraction of 1.1 per cent the fourth quarter of 2019, over the same period in the previous year, before Saudi Arabia decided to…
Oil prices jumped on Tuesday morning, paring overnight losses ahead of the API inventory data report.At 09:02 AM,
Still struggling to overcome the draining consequences of almost ceaseless conflict and political haggling, Iraq has nevertheless managed to overcome the worst of the 2020 oil market slump…
Following last week's price rally, oil prices move higher on Monday morning, on bullish demand figures coming from China. Additionally, U.S. dollar weakness contributed to last week's price rally. Traders…
Angola, Africa’s second-largest oil producer after Nigeria, will need foreign and government investments to discover up to 57 billion barrels of crude oil by 2025, according to a…
Norway's Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment, a spokesperson for the company said…
The deeply impoverished South American country of Guyana in recent years was heralded as the hottest new oil boom in the Americas. A series of large offshore oil…
It is one of the most abundant shale plays in the world, with oil reserves of up to 16 billion barrels and gas…
When it comes to finding the final frontier for big oil discoveries, you need to look beyond the Guyana-Suriname basin where everyone’s already staked their claims. And beyond the American…
Indigenous protests have taken over Peru, threatening to undermine the Latin American nation’s burgeoning upstream industry. To many it would come as a surprise that Peru has any substantial amounts…
Back in 2010, Texas-based Anadarko Corp. (now a subsidiary of Occidental Petroleum Corp.) and Italian energy giant ENI SpA announced…
One country often ignored when considering Latin America’s regional hydrocarbon sector is the Latin American country of Peru. Over the last two decades, the Andean country has developed…
Whenever the commodity cycle reaches a trough, all eyes turn to China. Asia’s biggest powerhouse has through years of explosive growth become the top—or one of the top—importers…
It’s been a brutal year for shale. While the sector was already faltering, spurring countless headlines about the death of shale over the past year or so, the…
Canadian exploration and production companies have not rebounded from the sharp sell-off that took place in the oil patch after the OPEC+ fallout in March and the almost…
China’s record-breaking crude oil imports supported oil prices through the late spring and summer when oil demand recovery in the rest of the world had just started and…
Ton-mile demand, a proxy for demand for oil tankers, has slumped in the summer as OPEC’s oil production dropped to a three-decade low and exports were drastically cut as part…
A crude oil inventory draw of 1.6 million barrels sent oil prices higher today, with the Energy Information Administration also reporting a fall in gasoline inventories and a modest…
The Abu Dhabi National Oil Company (ADNOC) sees a robust return of oil demand, mainly from China, ADNOC Group’s chief executive Dr. Sultan Ahmed Al Jaber told IHS Markit Vice…