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Energy / Crude Oil

OPEC Forced To Consider Production Cuts As Bearish Pressure Mounts

Oct 22, 2019 at 16:00 | Julianne Geiger

OPEC will consider at its December meeting instituting even deeper production cuts, OPEC sources told Reuters today, even though not everyone in the group is complying to the existing…

The U.S. Smashes Another Oil Export Record

Oct 22, 2019 at 13:30 | Tsvetana Paraskova

Growing U.S. crude oil production and exports have resulted in America selling oil to more destinations around the world than the number of countries from which it imports crude oil,…

Dreams Of An Aramco IPO Are Fading Fast

Oct 22, 2019 at 10:12 | ZeroHedge

Once again reports are out that Saudi Aramco is said to be pushing its mammoth IPO top completed by the end of this year (reportedly relying more on Saudi and MidEast regional…

The Best Way To Invest In Modern Day Oil Exploration

Oct 18, 2019 at 16:51 | Alex Kimani

Although modern oil companies operate in a very different world from that of the villainous oil baron JR Ewing, the fictional Texan character can still offer investors some inspiration or…

The End Of The Asian Oil Product Glut

Oct 18, 2019 at 10:17 | Tsvetana Paraskova

One of the world’s top commodity traders, Trafigura, expects the Asia Pacific region to have a deficit of refined oil products by 2025, despite the current fuel glut and despite…

The Single Biggest Threat To U.S. Oil Jobs

Oct 16, 2019 at 16:04 | Irina Slav

When earlier this year Whiting Petroleum announced it would cut a third of its workforce, the news did not make a huge splash as it was lost among other…

Is This The World’s Newest Oil Benchmark?

Oct 11, 2019 at 11:01 | Irina Slav

Abu Dhabi, the oil producing member of the United Arab Emirates, has plans to take on global benchmarks Brent and West Texas Intermediate with its very own contract, Murban, Bloomberg…

Big Oil Tries To Buy Back Investors

Oct 09, 2019 at 16:59 | Tsvetana Paraskova

Major oil companies have recently raised their guidance for dividend payouts, promising shareholders handsome returns at a time when a growing number of investors are questioning the future of oil…

Iran's 3-Part Plan To Outsmart Sanctions

Oct 09, 2019 at 13:06 | Simon Watkins

Iran’s priority in continuing to optimise its oil industry exports despite ongoing U.S. sanctions is to push the pace of development firstly of the multiple fields that constitute the

The Largest US Oil Production Drop In A Decade Was Just A Glitch

Oct 09, 2019 at 12:56 | Tsvetana Paraskova

The largest monthly drop in U.S. crude oil production in more than a decade in July is likely a temporary, geographically isolated glitch largely due to Gulf of Mexico shut-ins…

Inventory Build Sends Oil Prices Lower

Oct 09, 2019 at 09:42 | Irina Slav

As crude oil entered its third day of price declines in a row, the Energy Information Administration added to already existing pressure by reporting a build in crude oil…

The New Sweet Spot In The Permian Boom

Oct 08, 2019 at 17:43 | Nick Cunningham

New Mexico may be starting to surpass West Texas as the main focus of shale drilling, with rigs decamping from familiar areas in the Permian to other less drilled locales.…

Iran Admits U.S. Sanctions Dealt ‘’Deadly Blow’’ To Its Oil Industry

Oct 08, 2019 at 11:57 | Tsvetana Paraskova

Iran’s oil industry has been falling behind because of the U.S. sanctions, but Tehran will resist, Iranian media quoted Oil Minister Bijan Zanganeh as saying on Tuesday. “The conditions…

Brimming Storage And No Buyers: Venezuela’s Oil Production Tanks

Oct 07, 2019 at 13:36 | Nick Cunningham

Venezuela’s oil production took another hit in recent days, as the country struggles with brimming storage tanks and no buyers. PDVSA slashed output in the Orinoco Belt to just 200,000…

Capital Flight Is Killing The US Shale Boom

Oct 04, 2019 at 16:34 | Nick Cunningham

The growth in U.S. shale production is grinding to a halt as low prices put drillers in a financial vice. The slowdown has been unfolding for much of 2019, but…

Rig Count Falls For Seventh Straight Week

Oct 04, 2019 at 12:30 | Julianne Geiger

The US oil and gas rig count fell for the seventh week in a row this week, decreasing by 5, according to Baker Hughes, but US oil companies are still…

The US Oil Export Boom Is Only Just Getting Started

Oct 03, 2019 at 11:58 | Tsvetana Paraskova

U.S. crude oil exports jumped by nearly 1 million bpd in the first half of 2019 from the same period in 2018 to average 2.9 million bpd between January and…

Oil Discoveries Hit 70-Year Low

Oct 02, 2019 at 16:01 | Nick Cunningham

The last three years has been the worst stretch of time in seventy years for new conventional oil discoveries. A new report from IHS Markit finds that conventional oil…

Recession Risk Poses Major Threat For North American Oil

Oct 02, 2019 at 12:03 | Tsvetana Paraskova

The U.S.-China trade war and geopolitical flare-ups could threaten the growth of North America’s upstream oil and gas as oil market volatility and the specter of global recession rise,

Russian Energy Minister: World Oil Demand To Grow By 1.4 Million Bpd In 2020

Oct 02, 2019 at 10:59 | Tsvetana Paraskova

Global oil demand growth has slowed down this year on the back of the trade disputes and could be just 1 million barrels per day, but expectations are that as…

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