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Energy / Crude Oil

Can Angola Overhaul Its Struggling Oil Industry?

Oct 29, 2018 at 12:57 | Viktor Katona

It is quite rare for African national oil companies (NOCs) to liberalize, especially in countries that are heavily dependent on oil revenues. Yet Angola, whose stability was sent reeling by…

Why Oil Prices Could Still Go Lower

Oct 26, 2018 at 17:23 | Arthur Berman

Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the…

Is The Oil Supply Glut Set To Return?

Oct 26, 2018 at 17:23 | Nick Cunningham

Is the oil market tightening too much or is a glut on the verge of making a comeback? There were a series of mixed messages from both OPEC and the…

The Real Reason For The Big Sell Off In Oil

Oct 26, 2018 at 17:23 | Jim Hyerczyk

U.S. West Texas Intermediate Crude Oil futures are set to finish lower for the third straight week. What began as a simple pullback in a prolonged uptrend is rapidly becoming…

Is Libya's Latest Oil Production Target Too Ambitious?

Oct 26, 2018 at 17:22 | Irina Slav

Libya is one of the most unreliable oil producers in OPEC and outside it. Production outages are a frequent occurrence as various armed groups vie for power over the country’s…

Oil Holds Steady As Rig Count Stagnates

Oct 26, 2018 at 12:22 | Julianne Geiger

Baker Hughes reported a 1-rig increase for oil and gas in the United States this week, bringing the total number of active oil and gas drilling rigs to 1,068 according…

Can North Sea Oil Stay Profitable?

Oct 25, 2018 at 13:33 | Irina Slav

The UK continental shelf in the North Sea has recently drawn attention with several significant asset sale deals that have seen Chevron reduce its exposure to the legacy production…

Are OPEC And Its Allies Producing Too Much Oil?

Oct 25, 2018 at 10:52 | Tsvetana Paraskova

OPEC and its Russia-led non-OPEC partners in the production cut deal may have to change course in the current relaxing of the cuts, due to increased inventories in recent weeks…

Uncertainty Rises On Saudi Oil Minister's Comment

Oct 25, 2018 at 09:29 | Irina Slav

Global crude oil supply might need some cuts, Saudi Arabia’s Energy Minister Khalid al-Falih told state TV channel al-Ekhbariya as quoted by Reuters, to offset recent increases. “We (have)…

Oil Under Threat As Global Economy Struggles

Oct 24, 2018 at 17:29 | Nick Cunningham

Warning signs about the slowing of the global economy continue to crop up, and market jitters are taking the steam out of oil prices. U.S. corporate earnings are no longer…

Why U.S. Shale May Fall Short Of Expectations

Oct 24, 2018 at 10:55 | Nick Cunningham

The U.S. shale industry may not grow as much, or at least as fast, as everyone thinks it will, according to a top industry executive. The drilling frenzy in West…

Oil Steady Despite Major Crude Build

Oct 24, 2018 at 09:46 | Irina Slav

A day after the American Petroleum Instituted shook oil prices lower by reporting a crude oil inventory build of close to 10 million barrels, the Energy Information Administration confirmed…

The World’s Next Offshore Oil Hotspot

Oct 23, 2018 at 16:43 | Tsvetana Paraskova

With population of fewer than 750,000 people, Guyana—a neighbor of Venezuela—has always depended on commodities. Sugar, gold, shrimp, timber, bauxite, and rice account for nearly 60 percent of this…

Russia’s Oil Output Won’t Go Much Higher

Oct 23, 2018 at 10:36 | Tsvetana Paraskova

Although Russia hit a post-Soviet record in its oil production last month, it doesn’t plan to raise output to 12 million bpd by the end of 2018, or in the…

Davos In The Desert Could Yield $50B In Oil & Gas Deals

Oct 23, 2018 at 09:29 | Irina Slav

Saudi Arabian companies could negotiate investment deals worth some US$50 billion in oil, gas, metals, and infrastructure during and after the Future Investment Initiative that opened today in Riyadh, Reuters…

This Alliance Could Mark A New Era For Oil

Oct 22, 2018 at 17:19 | Nick Cunningham

Saudi Arabia and Russia could formalize a strategic partnership that would last indefinitely, potentially marking a new era for the oil market. In a wide-ranging interview with TASS, Saudi oil…

Russia Discusses Big Projects With Exxon As New Sanctions Loom

Oct 22, 2018 at 16:17 | Tsvetana Paraskova

While U.S. legislators are discussing new sanctions on Russia that would increase economic pressure on Moscow by possibly expanding sanctions to the banking and energy industries, Russia is said to…

Libyan Oil Production Could Get Major Boost

Oct 22, 2018 at 14:16 | Irina Slav

Libya’s oil production could rise by several hundred thousand barrels daily when BP and Eni resume production at a shared field, the head of the country’s state oil company

Saudi Arabia Unlikely To Cut Oil Supply Over Khashoggi Case

Oct 22, 2018 at 11:49 | Tsvetana Paraskova

Fatih Birol, the Executive Director of the International Energy Agency (IEA), is not worried about Saudi Arabia retaliating with reduced oil supply in response to potential sanctions after the…

Are Claims Of Peak Oil Production In Russia Overblown?

Oct 19, 2018 at 17:25 | The Jamestown Foundation

Russian authorities have announced that domestic oil production hit 11.36 million barrels per day (bpd), on average, in September (Vedomosti, October 2). This marks a new historic peak, rea­ched…

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