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Breaking News:

Asian Oil Imports Dropped in April

Energy / Crude Oil

Saudi Arabia Claims The U.S. Was Not Their Target In The Oil War

Apr 14, 2020 at 10:05 | Tsvetana Paraskova

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…

The Sad Truth About The OPEC+ Production Cut

Apr 13, 2020 at 17:53 | Simon Watkins

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…

Is Saudi Arabia Restarting The Oil War?

Apr 13, 2020 at 11:41 | Tsvetana Paraskova

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+ Agrees To Less Than 10 Million Bpd Cut

Apr 13, 2020 at 09:11 | Irina Slav

OPEC+ has agreed to remove 9.7 million bpd of oil from the market, OPEC said

U.S. Oil Storage To Hit Its Limit By Mid-May

Apr 10, 2020 at 15:26 | Alex Kimani

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…

Coronacrisis Is Killing Argentina’s Shale Oil Boom

Apr 10, 2020 at 14:20 | Nick Cunningham

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 Reality Of The End Of Oil

Apr 10, 2020 at 14:03 | Robert Rapier

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.

Banks Could Start Seizing Shale Assets

Apr 10, 2020 at 10:36 | Irina Slav

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…

Trump Strikes Deal With Mexico To Help Cut Oil Production In OPEC+ Deal

Apr 10, 2020 at 09:06 | Tsvetana Paraskova

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,…

Mexico To Make Or Break OPEC+ Deal

Apr 10, 2020 at 08:33 | Irina Slav

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…

OPEC+ Deal Won’t Solve The Oil Storage Crisis

Apr 09, 2020 at 16:57 | Irina Slav

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.…

Low Oil Prices Are Putting Canadian Drillers Out Of Business

Apr 09, 2020 at 13:40 | Rystad Energy

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…

Mexico Rejects Global Plan To Cut Oil Production

Apr 09, 2020 at 12:45 | Irina Slav

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…

Is U.S. Energy Dominance Coming To An End?

Apr 08, 2020 at 17:41 | Nick Cunningham

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…

Is Trump Right About Falling U.S. Oil Output?

Apr 08, 2020 at 14:46 | Julianne Geiger

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…

Historic Oil Deal On The Verge Of Collapse As Russia Balks At U.S. 'Cuts'

Apr 08, 2020 at 11:17 | ZeroHedge

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...

U.S. Oil Production Could Fall By 2 Million Barrels Per Day

Apr 08, 2020 at 10:36 | Irina Slav

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…

Huge Inventory Build Halts Oil Price Rally

Apr 08, 2020 at 09:50 | Irina Slav

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…

Saudi Arabia Sends Wave Of Supertankers To U.S. Ahead Of Oil Meeting

Apr 08, 2020 at 09:01 | Tsvetana Paraskova

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…

Emerging Oil Hotspots Hammered By Coronavirus Crisis

Apr 07, 2020 at 14:34 | Viktor Katona

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

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