The Financial Times, citing unnamed…
The U.S. supermajors are doubling…
Saudi Arabia did not intend for U.S. oil producers to suffer, Saudi Energy Minister, Prince Abdulaziz bin Salman, said in an interview with a select group of reporters, including Energy…
Quite aside from the subtler elements of the oil deal announced late last week that are likely to undermine its ability to stave off further oil price lows…
Saudi Arabia’s oil giant Aramco has just announced the pricing for its oil for May, with deeper discounts for customers in Asia for the second month in a row, despite Sunday’s…
OPEC+ has agreed to remove 9.7 million bpd of oil from the market, OPEC said
By many accounts, EIA crude oil forecasts appear tame compared to what other independent analysts are predicting, and the deal-no-deal that has so far come out of Thursday’s…
Argentina’s Vaca Muerta shale is on life support just weeks after the meltdown in global crude oil prices. On Thursday, the regional news outlet in the…
The Oil Age has powered the world for well over a century. There have been two general schools of thought about how it will ultimately end.
U.S. banks are preparing to start seizing the assets of ailing shale oil companies, Reuters reported today, citing unnamed sources in the know, who said that the banks must take this…
The United States is ready to help Mexico reach its production cut quota as part of the tentative OPEC+ deal, Mexico’s President Andres Manuel Lopez Obrador said on Friday,…
In a twist fit for a blockbuster movie, Mexico has emerged as the decisive player for the OPEC+ production cut deal, according to OPEC. "The above was agreed by…
It was going to be a reasonably good year for oil. OPEC+ would continue to keep a lid on production to keep prices above dangerous levels, and U.S.…
The Covid-19 pandemic has devastated global oil demand while producing countries fail to agree on output cuts, and as onlookers have predicted, it was a matter of time until shut-ins…
The deadly price war and coronavirus cocktail that threw most of the global industry into a panic seems to have missed one of the large national players: Mexico’s Pemex. While…
America’s era of “energy dominance” was brief. The slogan was always silly. Leaving aside the extensive environmental fallout, the notion that a debt-fueled drilling boom allowed the U.S. to…
U.S. President Trump on Monday said that U.S. oil producers were already cutting production as a natural consequence of the market. But are U.S. producers really cutting production…
As oil traders look with dread and fear to tomorrow's OPEC+ teleconference one day after crude oil tumbled amid speculation that the production cut standoff will not be resolved...
Crude oil production in the United States could fall by about 2 million bpd from current estimates of daily averages, according to the Energy Information Administration. In its latest Short-Term…
A week after reporting the largest oil inventory build since 2016, the EIA once again had bad news for oil bulls: inventories added 15.2 million barrels over the week…
The world’s top oil exporter, Saudi Arabia, is making good on its promise to flood the world with oil even as demand collapses, with a surge in tankers carrying Saudi…
The ongoing price crash triggered by the coronavirus and the oil war has in many ways hammered investments into upcoming African, Latin American and Asian plays