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Texas Deepwater Oil Export Projects Stall

Texas Deepwater Oil Export Projects Stall

Four projects were planned offshore…

Energy / Crude Oil

The Permian Boom Is Going Bust

Mar 25, 2020 at 11:49 | Nick Cunningham

Oil companies are already beginning to pare back their activity in the Permian, with cutbacks coming not just from smaller drillers, but also the oil majors.  Chevron said on…

World’s Largest Oil Trader Says Demand Could Plummet By 20 Million Bpd

Mar 25, 2020 at 11:06 | Irina Slav

A dramatic change in oil demand coupled with an unexpected increase in production has upended the industry, Vitol’s chief executive Russell Hardy told Bloomberg in an interview. At its peak, oil…

How Far Will Trump Go To Save U.S. Shale?

Mar 24, 2020 at 18:52 | Julianne Geiger

The U.S. is today showing signs of increased desperation as oil prices sink to levels that may pose a threat to the energy independence of the United States by kicking…

What Happens If U.S. Shale Goes Bust?

Mar 24, 2020 at 17:57 | Haley Zaremba

This month has seen a spectacular oil price crash the likes of which we haven't seen in decades. The last time we had since a single day oil…

This Supermajor Is About To Slash Permian Oil Production

Mar 24, 2020 at 10:42 | Tsvetana Paraskova

Chevron is slashing capital expenditures, especially in the Permian, and is suspending its share buyback program, the U.S. supermajor said on Tuesday. It is the latest oil major to slash billions…

Saudi Arabia And The U.S. Could Form The World’s Newest Oil Cartel

Mar 24, 2020 at 10:02 | Irina Slav

The United States and Saudi Arabia have been discussing the idea of setting up an oil accord, Bloomberg reports, citing Energy Secretary Dan Brouillette. Such an agreement would effectively amount…

Not Even China Can Save Oil Markets This Time Around

Mar 23, 2020 at 14:57 | Tsvetana Paraskova

Despite still sluggish oil demand, China is expected to continue to build its strategic and commercial crude oil reserves with ultra-cheap oil, but this time around the rate of filling…

The Boldest Permian Plays To Watch As The Oil Market Circles The Drain

Mar 23, 2020 at 14:25 | David Messler

Over-supplied markets like the oil market take prices in only one direction, down. We are seeing indications of a historically over-supplied market right now, so we expect continued…

Canada Braces For Oil Cuts As Storage Nears Limit

Mar 23, 2020 at 13:21 | Rystad Energy

The Covid-19 virus and the ongoing oil price war have created such a large global supply surplus that Western Canada’s oil production will need to be cut from April by…

Trump’s Ultimate Weapon To End The Oil War

Mar 20, 2020 at 17:32 | Simon Watkins

U.S. President Donald Trump is facing increasing calls from some U.S. senators and congressmen to pressure Saudi Arabia into ending the oil price war, with one of his…

Saudi Arabia’s Oil Price War Is Backfiring

Mar 20, 2020 at 17:02 | Tsvetana Paraskova

Saudi Arabia and Russia must have anticipated an oil price crash when they broke up their three-year-long bromance to push up oil prices.    Two weeks later…

Azerbaijan Could Soon Tap Its 410 Million Barrel Oil Reserves

Mar 20, 2020 at 16:42 | Eurasianet

Azerbaijan says it has proven an oil deposit in the Caspian Sea is commercially viable, offering a small psychological boost as the country’s oil-based economy…

‘Oil God’ Andy Hall Is Happy To Be Out Of Broken Market

Mar 20, 2020 at 16:27 | Tsvetana Paraskova

Legendary oil trader Andy Hall is happy to be out of the oil market, which he sees as a ‘broken’ commodity on the road to demise in the long term.…

World’s Top Oil Trader: Global Demand To Plunge More Than 10%

Mar 20, 2020 at 11:53 | Tsvetana Paraskova

Global oil demand is set to plunge by more than 10 percent from the typical 100-million-bpd consumption, as the raging coronavirus pandemic forces countries into lockdown, according to the world’s…

Canada Prepares Multi-Billion Dollar Bailout For Its Oil Industry

Mar 20, 2020 at 10:02 | Irina Slav

The federal government of Canada is preparing a multibillion dollar financial aid package for the oil and gas industry and could announce it as soon as next week, the Globe…

Will Putin Risky Oil Gamble Pay Off?

Mar 19, 2020 at 16:44 | Mitchell McGeorge

Every gambler knows That the secret to survivin’ Is knowing what to throw away And knowing what to keep ‘Cause…

The New Saudi Plan To Send Oil Prices Lower

Mar 19, 2020 at 11:03 | Tsvetana Paraskova

Saudi Arabia continues to signal to the market that it is not backing down from the oil price war despite the crumbling oil prices amid coronavirus-hit demand and promises of…

Have These High-Reward Oil Plays Become Too Risky?

Mar 18, 2020 at 14:41 | David Messler

Pipeline Master Limited Partnerships, (MLPs) were once the darlings of the energy industry. The CEO’s of companies like Kinder Morgan, (NYSE:KMI), Energy Transfer, (NYSE:ET), and Enterprise Products Partners,…

Saudi Arabia Doubles Down On Production As Prices Crash

Mar 18, 2020 at 11:28 | Tsvetana Paraskova

Saudi Arabia will continue to supply a record 12.3 million barrels per day (bpd) to the oil market in the coming months, as per order from the energy ministry, the…

Looming Recession Sparks New Oil Sell Off

Mar 17, 2020 at 18:27 | Irina Slav

Travel bans, border closures, and recommendations for self-isolation amid the coronavirus pandemic have aggravated fears of a global recession and pushed money managers to intensify the sell off of crude…

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