Plastics will come to account…
Despite some crude inventory builds…
China is pulling out all stops in order to increase its oil and gas production, but at the end of the day it will likely not be enough to stop…
China’s biggest energy producers are tapping more tight oil and gas wells, aiming to increase domestic oil and natural gas production at the world’s largest crude oil importer and what…
As the biggest Canadian oil producers reported Q3 earnings in the past two weeks, analysts were more interested in the companies’ expectations about takeaway capacity rather than earnings, due to…
The drumbeat towards peak oil demand is accelerating, but since much of the acceleration is happening outside of the United States, its cadence is muted. To be clear, the developed…
Almost six months after Washington announced its withdrawal from the JCPOA deal, the U.S. formally re-instated sanctions on Iran as of today. In a press conference, U.S. Secretary of State Mike…
The decision facing President Donald Trump is not an easy one, a problem not of his own choosing and one that the politically charged president would rather not have to…
Last week’s Commitment of Traders report showed yet another round of massive selling of ICE Brent and NYMEX WTI contracts by hedge funds. NYMEX WTI net length fell from 240k…
You have probably seen and read dozens of articles foretelling the impending fall of the Maduro regime in Venezuela. A civil war brought about by the populace’s pauperization…
Drilling for oil and gas in Canada will likely decline by 5 percent in 2019, the Petroleum Services Association of Canada has forecast, blaming pipeline capacity shortages and the…
OPEC and the U.S. are together adding enormous volumes of new supply, which together have softened the oil market. In October, OPEC hiked oil production to the highest level since…
When U.S. crude oil exports earlier this year hit a record high of 3 million bpd, there was much joy and back-slapping, but amid this joy a few problems have…
Those energy analysts who are not yet bored to death with the whole Iran business must be having a field day making forecast after forecast about how many barrels the…
President Donald Trump has determined there was enough crude oil and oil products supply globally to offset any loss of supply from Iran after U.S. sanctions enter into force next…
In the past month, U.S. benchmark crude prices fell significantly, while domestic storage levels posted the largest series of builds so far this year. Lower prices and higher inventories represented…
On the morning of publication of the EIA-914 and EIA PSM reports today (October 31), providing US monthly oil production data for August 2018, Rystad Energy analysis indicates that the…
With the snap-back of U.S. sanctions against Iran just days away, oil markets continue to be jittery, yet prices seem to be rather oblivious to inventory reports from the United…
With a week to go until U.S. sanctions on Iran’s oil snap back, it’s not only Iranian crude exports that the United States looks to cut. Iran’s neighbor Iraq currently…
Crude oil prices have gone up high enough to begin hurting demand for the commodity, the chief of the International Energy Agency, Fatih Birol, said as quoted by Reuters…
In what must seem like a nightmare scenario for Iran, not only is another U.S. president leveling sanctions against its economy, and particularly that economy’s lifeblood, its oil sector, but…
Norway’s Equinor said on Monday that it had found additional volumes of oil in the Johan Castberg license in the Arctic Barents Sea, and will consider tying-in the new…