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Energy / Crude Oil

The Clock Is Ticking For China’s Oil Independence

Nov 06, 2018 at 15:53 | Tim Daiss

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 To Boost Shale Oil, Gas Production

Nov 06, 2018 at 11:58 | Tsvetana Paraskova

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…

$20 Canadian Oil Could Last Another Year

Nov 05, 2018 at 13:08 | Tsvetana Paraskova

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 Rapid Acceleration Towards Peak Oil Demand

Nov 05, 2018 at 12:49 | Dwayne Purvis

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…

Washington Issues Waivers, Warns Against Trading Oil With Iran

Nov 05, 2018 at 09:35 | Irina Slav

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…

This Major Cover Up Could Wreak Havoc On Global Oil Markets

Nov 02, 2018 at 17:27 | Tim Daiss

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…

Hedge Funds Are Bearish. A Bullish Sign For Oil?

Nov 02, 2018 at 15:46 | Editorial Dept

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…

An Epitome Of Gloom: Venezuela’s Oil Output Is Still Plunging

Nov 02, 2018 at 15:39 | Editorial Dept

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…

Oil, Gas Drilling In Canada Set For A Decline

Nov 02, 2018 at 14:23 | Irina Slav

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…

U.S. And OPEC Flood Oil Market Ahead Of Midterms

Nov 01, 2018 at 17:47 | Nick Cunningham

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…

Does U.S. Oil Really Need More Oil Export Terminals?

Nov 01, 2018 at 17:26 | Irina Slav

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…

The Clock Is Ticking: How Much Oil Will Iran Lose?

Nov 01, 2018 at 11:53 | Irina Slav

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…

Trump: There’s Enough Oil To Offset Iran Loss

Nov 01, 2018 at 10:27 | Irina Slav

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…

Oil Inventories Climb As Crude Prices Fall Back

Oct 31, 2018 at 14:54 | Genscape

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…

U.S. Oil To Significantly Outperform This Year

Oct 31, 2018 at 10:23 | Rystad Energy

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…

Oil Prices Buoyed By Draws In Gasoline, Distillate Inventories

Oct 31, 2018 at 09:49 | Irina Slav

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…

Iraq To Stop Oil Exports To Iran In Compliance With U.S. Sanctions

Oct 30, 2018 at 11:09 | Tsvetana Paraskova

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…

High Oil Prices Are Already Destroying Demand

Oct 30, 2018 at 10:26 | Irina Slav

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…

Iran’s Worst Nightmare Is Coming True

Oct 29, 2018 at 17:44 | Tim Daiss

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…

Equinor Strikes More Oil At Giant Johan Castberg Field

Oct 29, 2018 at 14:37 | Tsvetana Paraskova

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…

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