The Biden administration has canceled…
The Financial Times, citing unnamed…
What a difference one month makes. One month ago, the International Energy Agency (IEA) warned that the world was “straining parts of the system to the limit,” noting that…
Middle Eastern oil production is expected to grow by 2.7 million bpd by 2025, according to latest Rystad Energy analysis. The boost in conventional oil output from the Middle East…
The Energy Information Administration reported a huge crude oil inventory build for the week to November 9 of 10.3 million barrels, arresting an improvement in oil prices that started…
At the end of 2016, Indonesia—which had rejoined OPEC just several months before that—refused to take part in the production cut deal and suspended its membership in the organization. Now…
OPEC and the non-OPEC partners in the deal are discussing potentially cutting oil production by as much as 1.4 million bpd to try to lift oil prices out of the…
One of the large Canadian oil producers, Cenovus Energy, is calling upon the government of Alberta to mandate temporary production cuts at all drillers in a bid to ease…
Brazil’s new far-right President elect Jair Bolsonaro, dubbed in some circles as the “Trump of the tropics”, has huge plans in store for Brazilian crude. His energy team is planning…
Crude oil production outside the Organization of Petroleum Exporting Countries is set for further—and more intensive—growth this year and next, according to the latest monthly report of the cartel.…
China imported a record-high volume of crude oil in October, beating the previous all-time high set in April this year. The oil market, gripped by a strong bearish sentiment…
Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea…
Last week, I wrote that I expected a bounce in crude before long, and as WTI has continued to fall the trolls have had a field day, pointing out that…
Oil prices have fallen so far in the past month that OPEC is clearly growing concerned about a downturn. Saudi Arabia and Russia will explore the possibility of a…
Chinese refiners have been buying a lot of Canadian crude oil in the last couple of months, taking advantage of the massive discount of Western Canadian Select to West Texas…
Rising shale production is putting the United States on track to hit the 12 million bpd oil production mark sooner than previously forecast, the Energy Information Administration (EIA) said…
If anyone needed any further proof that Africa is shaping up as the next major hot spot in oil and gas, this year’s edition of Africa Oil Week will provide…
In anticipation of the U.S. sanctions against Iranian oil exports, which were reimposed by the Trump Administration on Monday (along with additional sanctions on everything from Iranian shipping to banking…
Saudi Arabia and Russia have started bilateral consultations on whether they should start cutting oil production again in 2019, Russian news agency TASS reported on Wednesday, citing an OPEC…
After on Tuesday the API accelerated the price slide that began last week with an estimated crude oil inventory build of 7.83 million barrels, the EIA added fuel to…
The Trump administration has dropped the hammer, officially putting sanctions on Iran’s oil exports. Why, then, might Iran’s oil exports actually increase in the near future? The U.S. granted waivers…
If anyone had compared shale oil to Google five years ago, it would have sounded strange. Yet when last week in a report Wood Mackenzie’s chairman and chief analyst Simon…