Suriname's oil boom hopes are…
Crude oil prices ticked higher…
Two weeks after France’s supermajor Total joined Apache Corporation in a highly prospective block offshore Suriname, the two oil corporations announced a significant oil discovery in the block,…
Brent is trading in the neighborhood of $70 per barrel, a price not seen since the spring of 2019. The unexpected assassination of one of the most important figures in…
2020 is starting off with more rig losses, according to Baker Hughes, with the US oil and gas rig count falling by 9 rigs for the week. The total oil…
There was a time when natural gas was a welcomed byproduct of crude oil drilling, and drillers in the prolific Permian basin enjoyed this consolation prize--at least when natural gas…
Strange, is it not, that an agreement has suddenly been reached between Saudi Arabia and neighbouring Kuwait on the oil and gas fields that they share in the ‘Neutral Zone’…
With the New Year already knocking at the door, long-suffering energy investors are looking to put another disappointing year behind them--and the International Maritime Organization’s sulfur regulations targeting the…
Just as the U.S. shale industry is slowing down, oil production in other non-OPEC countries is on the rise. Output in U.S. shale grew substantially in 2019, although at a…
As the year draws to a close, the Brent and WTI oil benchmarks are trading at $66.55 and $61.54, respectively. From $60.65 to $64.50, investment bank and analyst projections for…
Crude oil prices rose higher after the Energy Information Administration reported an inventory draw of 5.5 million barrels for the week to December 20 in its last weekly petroleum…
China is making an aggressive entrance into the world of energy exchanges, but will it help the markets like some analysts suggest, or will it spell doom for oil prices?…
Banks are cutting their lending to struggling U.S. shale drillers, another blow to an industry that has long been dealing with a questionable business model. Banks are restricting lending and…
If you’re looking for cheap crude oil and you are not worried about going against US sanctions, have we got a deal for you: Iran’s state-run oil company, the National…
When Saudi Arabia and Russia sat down for official talks at the OPEC+ meeting in Vienna on December 6, they had already agreed to deeper production cuts, because days before…
Russia’s crude oil and condensate production could rise to more than 12 million bpd by 2035, if global demand for liquid hydrocarbons continues to grow, Russia’s second-largest oil producer, Lukoil,…
Despite the OPEC+ cuts, the oil market is still facing a supply surplus in 2020, according to a new report from the International Energy Agency (IEA). OPEC+ announced additional cuts…
Even if the OPEC+ coalition manages to remove as much as 2.1 million barrels of oil per day from the market in the first quarter next year, oil prices…
Last week OPEC, Russia and other oil-producing nations agreed to additional oil production cuts in an effort to support oil prices. Following the 177th Meeting of the…
Despite deeper OPEC+ production cuts, global oil supply will be about 700,000 bpd in excess of consumption in early 2020, the International Energy Agency said in its latest monthly
OPEC’s crude oil production declined by 193,000 bpd in November from October, as the cartel’s leader Saudi Arabia cut production ahead of the OPEC+ meeting, Iraq tried to fall in…
Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 800,000 barrels for the first week of December. Besides it, the…