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Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Despite Congress passing new sanctions…

Big Oil’s Carbon Capture Conundrum

Big Oil’s Carbon Capture Conundrum

Energy experts and environmentalists express…

Energy / Crude Oil

Oil Rises Despite Rising Oil, Product Inventories

Feb 13, 2019 at 09:49 | Irina Slav

Crude oil prices inched down today after the Energy Information Administration reported a crude oil inventory build of 3.6 million barrels for the week to February 8. This compares…

Fifty Shades Of Shale Oil

Feb 12, 2019 at 16:33 | Nawar Alsaadi

The rise of U.S. tight oil production over the last several years has upended the oil market and challenged OPEC’s hold on oil prices. This seemingly relentless growth in U.S.…

OPEC’s Next Big Crisis

Feb 12, 2019 at 16:16 | Nick Cunningham

OPEC is having some success in heading off another oil market downturn, but over the medium-term the cartel faces much more serious risks. “OPEC's production growth outlook over the medium…

The Biggest Threat To Oil Market Stability

Feb 11, 2019 at 17:19 | Nick Cunningham

The oil market should be mostly balanced this year, although “policy risk” will be a much larger driver for oil prices than the underlying fundamentals, according to a new report…

Maduro Asks OPEC For Help As U.S. Sanctions Bite

Feb 11, 2019 at 09:23 | Tsvetana Paraskova

Nicolas Maduro has asked OPEC to support one of its founding members—Venezuela—against the U.S. sanctions on the Latin American country’s oil industry and denounce the “shameless dispossession” of Venezuelan assets,…

South Africa Oil Discovery Could Be A Game-Changer

Feb 08, 2019 at 17:13 | Tsvetana Paraskova

One of the promising hotspots for oil and gas exploration drilling this year—South Africa’s offshore—has just yielded a massive natural gas and condensate find that could open a new exploration…

Demand Concerns Drive Oil Markets

Feb 08, 2019 at 17:09 | Jim Hyerczyk

U.S. West Texas Intermediate oil futures are trading lower for the week, putting the market in a position to post a potentially bearish technical closing price reversal top on the…

Alberta Oil Cuts To End Sooner Than Planned

Feb 07, 2019 at 14:18 | Irina Slav

Canadian crude oil is already expensive enough for the production cuts to stop making sense: some producers have already started rolling them back far ahead of schedule. This is what…

How Washington Could Spoil The OPEC+ Alliance

Feb 06, 2019 at 17:27 | Nick Cunningham

OPEC and Russia are officially working to establish a formal alliance that would allow for the indefinite management of the oil market. The OPEC/non-OPEC coalition, often referred to as “OPEC+”,…

Is This The Point Of No Return For Maduro?

Feb 06, 2019 at 14:14 | Editorial Dept

Things have certainly moved into a higher gear in Venezuela, with a genuine diarchy vying for control over the country’s resources and populace. The alleged smuggling of gold reserves, politicized…

Oil Arbitrage Economics: Heavy Crudes Get Pricier

Feb 06, 2019 at 14:12 | Editorial Dept

Unascertainable times we are having on the global oil market. The struggle for Venezuela, with all its twists and turns, should be looming large as pretty much everyone tries to…

Platts Survey: OPEC Production Drops To Lowest Since March 2015

Feb 06, 2019 at 13:13 | Tsvetana Paraskova

OPEC’s crude oil production plummeted by nearly 1 million bpd from December to 30.86 million bpd in January, marking the lowest production for the cartel since March 2015, as Saudi…

Oil Heads Lower On Small Inventory Build

Feb 06, 2019 at 09:40 | Irina Slav

A day after the American Petroleum Institute disappointed oil bulls by reporting an estimated inventory build across the board, the Energy Information Administration deepened the mood by saying U.S.…

Hedge Funds Drop Shorts On Crude Oil

Feb 05, 2019 at 17:01 | Tsvetana Paraskova

Hedge funds and other money managers have started to shake off the gloomy expectations of a global recession and waning oil demand growth that had seized market participants for most…

China Faces An Uphill Battle For Energy Independence

Feb 05, 2019 at 16:15 | Tim Daiss

A Reuters report last week examining China's renewed oil and gas exploration and production push should make the country’s oil majors, Beijing energy planners, and just about everybody else…

Venezuelan Oil Exports Plunge On ‘Harsher’ Sanctions

Feb 04, 2019 at 17:18 | Nick Cunningham

Venezuela’s oil production could be disrupted to a greater degree than most analysts first thought, as the U.S. government seeks essentially shut in the country’s oil sector.…

Big Oil Defies 40% Price Plunge, Posts Best Results In Years

Feb 04, 2019 at 17:08 | Tsvetana Paraskova

Despite the nearly 40-percent oil price slide in the fourth quarter, supermajors booked solid sets of Q4 and 2018 results, suggesting that they have learned to raise profits even when…

Canada’s Most Crucial Pipeline Comes Under Fire

Feb 01, 2019 at 17:00 | Nick Cunningham

Police and private security contractors have been quietly preparing to head off protests of a key oil pipeline in the U.S. Midwest in an effort to avoid another Standing Rock.…

Momentum Is Building For Oil

Feb 01, 2019 at 16:53 | Jim Hyerczyk

U.S. West Texas Intermediate crude oil futures are trading higher on Friday with the market hovering slightly below highs not seen since November 21. The market is being boosted by…

Baker Hughes Upbeat About 2019

Feb 01, 2019 at 16:51 | Tsvetana Paraskova

Baker Hughes, a GE company sees a bright year ahead for its businesses, underpinned by solid growth in key oil and gas regions like the Middle East and the North…

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