Despite Congress passing new sanctions…
Energy experts and environmentalists express…
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…
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 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 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…
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,…
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…
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…
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…
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+”,…
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…
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…
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…
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 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…
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…
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.…
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…
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.…
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, 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…