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Increasingly Weak Demand Outlook Caps Oil Prices

Increasingly Weak Demand Outlook Caps Oil Prices

Another downgrade in global crude…

Energy / Crude Oil

The Battle For Control Over Iraq’s Oil

The Battle For Control Over Iraq’s Oil

May 13, 2019 at 16:06 | Simon Watkins

Iraq regards the U.S.’s refusal to extend waivers for countries importing oil from Iran as a tacit endorsement for it to pump its own oil to the maximum. This dovetails…

Chinese Oil Majors Backtrack On Pledge To Buy Iranian Oil

Chinese Oil Majors Backtrack On Pledge To Buy Iranian Oil

May 10, 2019 at 17:25 | Tim Daiss

It was a question that just as recently as last week was still undecided. Would Beijing kowtow to Washington’s demand that it stop importing Iranian oil at the start of…

Libya’s $60 Billion Push To Double Oil Production

Libya’s $60 Billion Push To Double Oil Production

May 10, 2019 at 09:10 | Tsvetana Paraskova

Mustafa Sanalla, chairman of Libya’s internationally recognized National Oil Corporation (NOC), held meetings with U.S. companies at the Offshore Technology Conference (OTC) in Houston this week, to discuss US$60 billion…

The Shale Boom Is About To Go Bust

The Shale Boom Is About To Go Bust

May 09, 2019 at 17:08 | Nick Cunningham

The shale industry faces an uncertain future as drillers try to outrun the treadmill of precipitous well declines. For years, companies have deployed an array of drilling techniques to extract…

Iran’s Oil Exports Implode As Sanctions Sting

Iran’s Oil Exports Implode As Sanctions Sting

May 09, 2019 at 17:01 | Nick Cunningham

Iran’s oil exports are plunging. Waivers on U.S. sanctions for Iranian oil purchases expired earlier this month, and there is evidence that most countries are steering clear of running afoul…

Significant Supply Outages Put OPEC In A Very Difficult Position

Significant Supply Outages Put OPEC In A Very Difficult Position

May 09, 2019 at 13:33 | Tsvetana Paraskova

Mounting uncertainty over oil supply disruptions are clouding OPEC’s outlook on global supply for the rest of this year, a month and a half before the cartel is set to…

Rystad: U.S. Shale Is Now The World’s Second Cheapest Source Of Oil Supply

Rystad: U.S. Shale Is Now The World’s Second Cheapest Source Of Oil Supply

May 09, 2019 at 11:01 | Tsvetana Paraskova

U.S. shale oil—which just four years ago was the world’s second most expensive oil resource—is now the second cheapest source of new oil supply globally, just behind the giant onshore…

Oil Slips Despite Bullish OPEC Report

Oil Slips Despite Bullish OPEC Report

May 09, 2019 at 09:15 | Irina Slav

Crude oil production in OPEC inched up by a modest 30,000 bpd to 30.26 million bpd last month, a survey by S&P Global Platts suggested, after four months of…

EIA Crude Draw Arrests Oil Price Crash

EIA Crude Draw Arrests Oil Price Crash

May 08, 2019 at 09:39 | Irina Slav

Crude oil prices inched higher after the Energy Information Administration today reported a draw in U.S. crude oil inventories of 4 million barrels for the week to May 3.…

Oil Prices Plunge As U.S.-China Trade War Escalates

Oil Prices Plunge As U.S.-China Trade War Escalates

May 08, 2019 at 09:09 | Tsvetana Paraskova

Oil prices dipped early on Wednesday as the escalation of the trade dispute between the world’s two largest economies, the United States and China, was unable to…

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