Despite some crude inventory builds…
U.S. shale has provided that…
President Donald Trump signed an executive order freezing all assets of the Venezuelan government in the United States, Reuters reports, noting the move may open space for sanctions against…
Oil prices were edging up early on Tuesday, trying to shake off several hefty sell-offs in recent days after U.S. President Donald Trump abruptly ended a tentative trade war truce…
Oil prices were trading down again Monday despite tensions in the Middle East. The latest market mover is not the tensions surrounding Iran, and it’s not outages in Libya and…
U.S. crude oil is unlikely to become a target of possible Chinese retaliatory tariffs in response to the latest American tariff threat, refinery and trading sources told S&P Global…
The Iranian Islamic Revolutionary Guard Corps said Sunday it had seized an Iraqi boat carrying 700,000 liters of fuel the Iranian army said was being smuggled, IRNA reports. Another…
PetroChina and Sinopec’s daily crude consumption grew in July 2019, because of unit restarts by PetroChina, JLC data shows. The two companies’ crude throughput totaled 33.46 million mt in July,…
While oil market participants have been focused on above-average global oil stocks and faltering demand growth, OPEC’s spare capacity has been rising because of the production cuts aimed…
Libya’s oil production plunged to a five-month low this week, dragged down by another outage at the country’s largest oil field. On July 30, Libya’s National Oil Corporation declared…
Shale oil production growth to record highs in the United States drove a 2.5-million-bpd increase in global oil production last year despite OPEC+ cuts, Italy’s Eni said in the latest…
Deeper production cuts at leading producer Saudi Arabia, lower output at sanctions-hit Iran, and outages in Libya and Venezuela sent OPEC’s crude oil production in July falling to its lowest…
Following the steep decline of Iranian oil exports after the U.S. ended all waivers for Iran’s oil buyers, Iran is calling on China and other ‘friendly countries’, as it…
Crude oil in floating and onshore storage in Iran has exceeded 110 million barrels, energy data analysts at Kpler reported this week, noting the number of barrels in floating storage…
Saudi Arabia is struggling in its key economic and geopolitical ambition to position itself as the key substitute in Asia in general and China in particular for lost Iranian barrels…
There has been much talk lately about a potential oil glut in 2020, most notably by the IEA in their latest monthly oil report, but such predictions are…
Peak oil demand might be delayed as the U.S. and China scale back support for fuel efficiency and electric vehicles. Once thought of as far off into the future, forecasts…
Another slice of Venezuela’s oil production is at risk, and it is very much at the mercy of the U.S. government. When the Trump administration announced sanctions on Venezuelan oil…
Mexico’s new government came into power with promises to turn around the country’s oil industry and boost production after, it said, the previous government failed. Despite these promises and the…
Oil and gas producers in the Permian underreported their fracking activity by as much as 20 percent for 2018, energy-focused data analysis services provider Kayrros has reported.…
An increasingly tighter supply of heavy crude will in all likelihood help Canada’s oil industry weather the unfavorable effects of the so-called IMO 2020 rules, which stipulate a much lower…
Fears of weak oil demand are taking over the market, overshadowing tanker battles in the Persian Gulf, something that would have typically sent oil prices skyrocketing. However, demand may also…