OPEC is preparing to replace…
Russia has announced the discovery…
The Texas economy has suffered a double blow from COVID-19 crisis and the collapse of the oil industry. U.S. shale drillers had already planned on cutting…
Oil markets have taken a beating around the globe, but nowhere has the pummeling been worse than in the United States shale patch, where the oil price crash…
The Covid-19 pandemic and the low oil-price environment it has created continues to affect global energy markets and activity levels by oil and gas producers. New fracking jobs in the…
Oil markets have had yet another confusing week, this time not just because of the coronavirus and all the media attention that has garnered. But this week, disparate…
The effect of oil well shut-ins on future production has become one of the main topics of discussion in the energy media lately, what with OPEC+ cutting millions of barrels…
Saudi Arabia’s oil giant Aramco has slashed by up to 30 percent its crude oil allocations to at least three buyers in Asia for June, compared to what customers had…
A small and tedious-looking announcement of the ratification of a bylaw relating to the issuance of securities appeared on Iranian government-affiliated websites last week and was unsurprisingly ignored…
It has been a bleak couple of months for oil markets. Although markets recovered after going negative for the first time in history earlier this month, they didn’t…
The Commodity Futures Trading Commission has warned that as the expiry date for the June West Texas Intermediate contract approaches, the chances of extra price volatility have increased. The regulator…
Improving global oil demand and faster-than-expected production curtailments from outside the OPEC+ pact are set to push the oil market into…
The Trump administration claims that the U.S. is “transitioning to greatness,” and that energy companies are going to see “massive gains.” U.S. Secretary of Energy Dan Brouillette says there is…
Last week was the calmest yet in the weeks following COVID-19 and price-war related events that have rocked the oil complex. Normal standard deviation in Brent in w-o-w is about…
OPEC slashed on Wednesday its global oil demand estimates for this year while cutting its forecast for non-OPEC supply as oil producers outside the OPEC+ pact accelerate production curtailments due…
Global oil demand will take at least a year--and probably much longer--to return to the pre-crisis levels of 100 million barrels per day (bpd), Fatih Birol, Executive Director of the…
As the international community seeks answers with regards to the failed armed incursion into Venezuela that took place May 4, allegedly with the immediate participation of former US military veterans,…
Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory decline of 700,000 barrels for the week to May 8. This compared with…
Oil prices continue to rise on the prospect of a rebound in fuel demand as economies begin to reopen. But there is a large difference between…
The coronavirus pandemic has rapidly evolved from a global health crisis to a financial one, upending industries, shuttering businesses, and sending financial markets reeling. Amid the crisis, the world's leading…
Some shale oil companies in the United States have begun to reopen wells they had shut in earlier in response to the low oil prices, Energy Transfer said in a…
Oil prices rose early on Tuesday after OPEC's Middle East heavyweights pledged additional cuts, instilling hopes in the market that further production reductions could help accelerate the drawdown of the…