Namibia wants to join OPEC…
OPEC has repeatedly argued that…
The Aramco IPO fog has been partly cleared up, after Amin Nasser, Aramco’s CEO, opened up to the press during a meeting at the World Economic Forum (WEF)…
As international prices inched up in the aftermath of Washington’s latest sanctions against Venezuela, the Energy Information Administration reported a build in crude oil inventories for the week to…
The Trump administration stepped up its effort at regime change in Venezuela on Monday, announcing sanctions intended to cripple the country’s oil sector. The U.S. government will bar most transactions…
Digital technology adoption in all stages of upstream operations in the oil and gas industry has seen a steep rise recently. While a lot has been written about the benefits…
Libya’s largest oil field, Sharara, will not reopen until the armed group that has been occupying it for nearly two months backs down and leaves, the chairman of the National…
China’s crude oil demand has picked up this month, as independent refiners are looking to buy more crude for March and April delivery to restock supplies while oil prices are…
Venezuela will continue trading with the United States despite the fact Washington broke off diplomatic relations following president Nicolas Maduro’s inauguration for a second term in office, which the U.S.…
The global oil market appears to be well-supplied, even as the OPEC+ production cuts begin to whittle away at excess barrels. But while crude may be ample, there are growing…
A basic review of the chart for oil futures (CL) suggests that crude is about to take off. Whether the next move from here is up or down, providing a…
Just like in most things energy related, including crude oil imports, natural gas and LNG imports, coal usage and even nuclear power, China’s massive population and its economic heft also…
U.S. West Texas Intermediate crude oil futures are trading higher on Friday, however, the market is still in a position to close lower for the week. The market opened on…
U.S. shale production growth could slow by as much as half this year, according to one industry titan. Continental Resources’ Harold Hamm said that shale growth could decline by as…
Saudi Arabia is putting itself in a potentially dangerous geopolitical position as it seeks to continue its decades' long relationship with Washington while at the same time forging new ties,…
Five years after former president Enrique Peña Nieto ended Pemex’s monopoly and opened Mexico’s oil industry to private foreign investment, the new administration is betting again on the state oil…
Oil prices are still down sharply from the highs of October 2018, but the industry may still increase spending this year. The cost of developing new projects might rise along…
When Alberta Premier Rachel Notley announced obligatory production cuts of 325,000 bpd in December in a bid to tackle a deep discount between Western Canadian Select and West Texas Intermediate,…
In a major shift, the United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025. In Rystad Energy’s base case oil price…
U.S. crude oil inventories went up by 8 million barrels in the week to January 18, the Energy Information Administration said in its latest weekly petroleum status report. At…
Saudi Arabia isn’t buying the peak oil demand narrative. OPEC’s largest producer continues to expect global oil demand to keep rising at least by 2040 and sees itself as…
India’s crude oil demand this year will continue to rise at the same rate it rose by in 2018, which made it the second-biggest driver of global demand growth, energy…