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Big Oil’s Carbon Capture Conundrum

Big Oil’s Carbon Capture Conundrum

Energy experts and environmentalists express…

Energy / Crude Oil

US Shale Won’t Go Bankrupt

Sep 25, 2019 at 11:24 | Rystad Energy

Despite a wave of financial adversity that has tormented US onshore E&P companies lately, Rystad Energy does not view this as a harbinger of doom for the…

Saudi Aramco Restores Oil Production Capacity To Pre-Attack Levels

Sep 25, 2019 at 10:19 | Tsvetana Paraskova

Saudi Aramco has restored Saudi Arabia’s oil production capacity to 11.3 million bpd—the level before the attacks on oil facilities ten days ago, Reuters reported on Wednesday, citing three…

Aramco Considers Doubling Stake For IPO

Sep 25, 2019 at 09:06 | Irina Slav

Aramco is considering the offer of not 5 but 10 percent of its stock in the much-hyped initial public offering that has been delayed several times already. The Wall Street…

How The World’s No.1 Oil Importer Deals With Higher Prices

Sep 24, 2019 at 16:48 | Simon Watkins

Even if Saudi Arabia’s claim about how swiftly it will recover from the recent attack on its oil infrastructure can be believed – which it cannot – the Houthi/Iran…

Who Is To Blame For The Decline In Permian Production?

Sep 24, 2019 at 15:57 | Haley Zaremba

West Texas’ Permian Basin has had a rough year. Investors have been pulling away from the once-gushing Permian Basin after a year of diminishing returns and performing under expectations. Last…

Why The Saudis Are Lying About Their Oil Production

Sep 23, 2019 at 16:50 | Simon Watkins

Saudi Arabia’s comments about its hydrocarbons industry have long been regarded by industry experts as being as believable as China’s comments about its economic growth: that is, not at all.…

China’s Stockpiling Slowdown Could Cripple Oil Demand

Sep 23, 2019 at 13:37 | Tsvetana Paraskova

Apart from the slowdown in global oil demand resulting from slowing economies and the U.S.-China trade war, another threat to oil demand may be lurking for oil markets over the…

Russia’s Oil Reserves Now Worth $1.2 Trillion 

Sep 20, 2019 at 17:22 | Charles Kennedy

The total value of Russia's oil reserves is estimated at $1.2 trillion, nearly doubling the valuation over the course of a single year, Moscow's Ministry of Natural Resources and…

Saudi Aramco: We Never Asked Iraq For Extra Oil

Sep 19, 2019 at 12:04 | Tsvetana Paraskova

Saudi Arabia’s oil giant Aramco is not looking to buy crude oil from Iraq’s state oil marketing firm, people familiar with the operations of the two companies told Bloomberg…

How An Oil Supply Outage Could Paralyze Asia

Sep 18, 2019 at 15:36 | Irina Slav

It’s the news of the month: Saudi Arabia’s oil industry was attacked and prices jumped as everyone worried about supply security just days after the latest reports warning about…

Saudi Oil Outage Impact Not As Bad As Predicted

Sep 17, 2019 at 17:48 | Nick Cunningham

Oil prices have gyrated this week on conflicting reports and predictions regarding the restoration of operations at the damaged Abqaiq processing facility in Saudi Arabia. The largest…

China Just Got Handed The Oil Deal Of A Lifetime

Sep 17, 2019 at 17:08 | Simon Watkins

China and Russia are sewing up whatever oil and gas fields and accompanying infrastructure that they can in Iran and Iraq, as Iraq tries to markedly up the pace of…

Russia Capitalizes On America’s Thinly Stretched Middle East Focus

Sep 16, 2019 at 14:12 | Simon Watkins

A sliver of news from Iraq passed almost unnoticed by global media last week: Stroytransgaz has signed a preliminary contract with the oil ministry in Baghdad for oil and gas…

Aramco’s Oil Disruptions Could Last Months: Analyst

Sep 16, 2019 at 13:48 | Julianne Geiger

Saudi Arabia’s disrupted oil production may last longer than originally thought, Amrita Sen, chief oil analyst at Energy Aspects Ltd., told Bloomberg on Monday, with full resumption of oil…

UAE: OPEC Can Fill Saudi Oil Supply Gap If Necessary

Sep 16, 2019 at 13:30 | Tsvetana Paraskova

OPEC has sufficient spare capacity to respond to supply shortages after this weekend’s attacks on oil infrastructure that took more than half of Saudi Arabia’s oil production offline, Suhail…

Lower Oil Prices Ends Oilfield Services Growth In 2020

Sep 13, 2019 at 16:31 | Rystad Energy

Lower oil prices will push the global service market into a recession in 2020 after three successive years of growth, according to Rystad Energy. In a new…

Oil Prices May Slump Heavily In 2020

Sep 13, 2019 at 09:14 | Irina Slav

OPEC and its partners will not deepen their oil production cut yet but will discuss the topic again in December. This is what Saudi Arabia’s newly appointed Energy Minister Abdulaziz…

Can Argentina's Shale Boom Survive?

Sep 12, 2019 at 16:41 | Nick Cunningham

The economic and financial crisis in Argentina is creating a lot of new headwinds for the country’s aggressive push into the Vaca Muerta shale. A new report says that…

The U.S. Briefly Overtook Saudi Arabia In Gross Oil Exports

Sep 12, 2019 at 12:59 | Tsvetana Paraskova

The United States briefly overtook Saudi Arabia as the world’s number one gross oil exporter at one point in June this year, the International Energy Agency (IEA) said on…

Weakening Shale Productivity “VERY Bullish” For Oil Prices

Sep 10, 2019 at 17:30 | Nick Cunningham

After years of improvements in drilling techniques and impressive “efficiency gains,” there is now evidence that the U.S. shale industry is reaching the end of the road…

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