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Energy / Crude Oil

Will Argentina's Oil Industry Survive This Crisis?

Jul 06, 2020 at 11:04 | Viktor Katona

Throughout the 2010s Argentina’s shale deposits were universally listed alongside the US shale gale, denoting the many similarities Vaca Muerta shares with Eagle Ford in particular and Texas’ shale deposits in general. Providing…

Battery Metal Sector Sees Light At The End Of The Tunnel

Jul 03, 2020 at 16:28 | MINING.com

The world is in transition between a lead-acid battery past, and a future in which lithium-ion batteries are poised to supplant lead-acid batteries and to displace increasing volumes…

High Quality Oil And Gas Assets Should Drive An M&A Recovery

Jul 03, 2020 at 15:16 | Tsvetana Paraskova

The oil price collapse has taken its toll on mergers and acquisitions (M&A) across the U.S. oil and gas industry as companies preserve cash in these highly uncertain times.   …

Saudi Arabia And Kuwait Restart Production At Huge Shared Oil Field

Jul 03, 2020 at 08:35 | Irina Slav

Saudi Arabia and Kuwait have restarted production at the Al-Khafji oil field in the neutral zone between the two countries, Turkey’s Anadolu Agency reported, citing a statement by the acting…

Goldman Sachs: Prepare For A Global Consolidation Of Refineries

Jul 02, 2020 at 13:47 | Nick Cunningham

A wave of new oil refineries coming online in the Middle East and China will knock others offline, ushering in a period of consolidation, according to a new report from…

Moody’s Turns Bearish On Oil Demand Growth

Jul 02, 2020 at 12:43 | Irina Slav

Billions of people spent the last few months in a lockdown of some form or another with travel bans or severe restrictions in place. Some warn that this will be…

Oil Rig Count Collapse Beginning To Slow

Jul 02, 2020 at 12:29 | Julianne Geiger

Baker Hughes reported on Thursday that the number of oil and gas rigs in the US fell again this week, by 2, to 263, showing the second small loss in…

Russia Expects OPEC+ To Ease Cuts Next Month

Jul 02, 2020 at 12:05 | Tsvetana Paraskova

OPEC+ is not discussing or planning changes to its production cut agreement, which should see the oil producers ease the cuts in August, Russia’s Energy Minister Alexander Novak said at an…

U.S. Shale Needs To Rethink Its Strategy To Survive

Jul 02, 2020 at 11:56 | Haley Zaremba

U.S. shale is hurting. While the entire global energy industry has been hit hard by the novel coronavirus pandemic and its disastrous effect on oil prices and oil…

U.S. Shale Scrambles For Credit With Oil At $40

Jul 02, 2020 at 11:17 | Julianne Geiger

U.S. oil and gas companies are scrambling for credit, with lenders tightening their purse strings as oil prices continue to sit below $40 per barrel. Oil and gas lenders have…

Are Oil Bulls In For A Disappointing July?

Jul 01, 2020 at 17:26 | Nick Cunningham

The oil market continues to tighten, but the surge of coronavirus cases in the U.S. could derail the rally in crude prices.  OPEC+ can claim most…

Covid-19 Is Crushing This African Oil Exporter

Jul 01, 2020 at 14:14 | Viktor Katona

Stuck midway in reforming its energy sector by chopping down unnecessary assets and optimizing the national NOC’s role vis-à-vis the government, Angola has endured a lot of strain in the…

Oil Glut At Sea Starts To Shrink

Jul 01, 2020 at 12:51 | Charles Kennedy

The huge volumes of oil held at sea have started to shrink and are expected to continue declining into the second half of this year, thanks to recovering demand and…

Venezuela’s Oil Production Continues To Plummet

Jul 01, 2020 at 10:59 | Tsvetana Paraskova

Venezuela’s crude oil production tumbled by nearly 200,000 bpd in June compared to May, to just 422,400 bpd on June 28, as Venezuela struggles to place its oil on the…

Oil Rallies On Bullish EIA Inventory Data

Jul 01, 2020 at 09:43 | Irina Slav

Crude oil inventories in the United States shed 7.2 million barrels in the week to June 26, the Energy Information Administration 

Saudi Arabia Eyes Total Dominance In Oil And Gas

Jun 30, 2020 at 17:14 | Julianne Geiger

Saudi Arabia’s Energy Minister Prince Abdulaziz claimed last week that the Kingdom will be the world’s biggest hydrocarbon producer “even” in 2050. “I can assure that Saudi Arabia will not…

Supermajors Are Flocking To This Booming Oil Frontier

Jun 30, 2020 at 17:00 | Charles Kennedy

Exxon is moving to rapidly expand its exploration footprint in this little-known venue, French Total SA is spudding its first well here, small-cap Eco Atlantic - of offshore Guyana fame…

Libya's Oil Blockade Could Soon Come To An End

Jun 30, 2020 at 09:57 | Irina Slav

The leaders of groups affiliated with the Libyan National Army have offered to lift a blockade on oil export terminals that started in January and has so far cost the…

Second COVID Wave In China Could Upend Crude Recovery

Jun 29, 2020 at 17:26 | Simon Watkins

As the world’s largest net importer of crude oil and other liquids since September 2013, any significant variation in Chinese demand for oil resonates quickly and profoundly in global oil…

Colombia Is An Overlooked Victim Of The Oil Price War

Jun 29, 2020 at 17:02 | Matthew Smith

The considerable optimism surrounding oil at the end of 2019, when Brent was trading at $68 a barrel has turned sour. The demand shock triggered by the coronavirus…

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