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Namibia Racks Up Another Major Offshore Oil Discovery

Namibia Racks Up Another Major Offshore Oil Discovery

Shares of Portuguese integrated energy…

Energy / Crude Oil

U.S. Will Not Release Oil From SPR To Offset Iran Sanctions

Sep 27, 2018 at 10:13 | Irina Slav

The United States will not sell crude oil from the Strategic Petroleum Reserve to help ensure the global market is well supplied when sanctions against Iran enter into effect, Reuters…

OPEC Secretly Discusses 500,000 Bpd Production Boost

Sep 27, 2018 at 09:22 | Irina Slav

Saudi Arabia and other OPEC members have been discussing on the quiet a half-a-million-barrel increase in their combined oil production to keep a lid on oil prices, unnamed sources

What Peak Oil Demand, Copper And 3D Printing Have In Common

Sep 26, 2018 at 15:53 | Justin Ziebart

The debate about Peak Oil Demand (POD) will likely rage on for quite some time. Years ago, Peak Oil theories on production and supply were…

India Builds Up Strategic Oil Reserve

Sep 26, 2018 at 11:57 | Irina Slav

India will soon start looking for investors in the second phase of its strategic petroleum reserve, a senior executive of the company managing the reserve told Reuters. The second…

How The EU Is Helping Iran Skirt Sanctions

Sep 25, 2018 at 17:09 | Nick Cunningham

At the UN General Assembly on Tuesday, U.S. President Donald Trump was laughed at by global leaders when he boasted about his accomplishments. He may feel insulted by the…

OPEC's No.4 Vows To Boost Spare Oil Capacity

Sep 25, 2018 at 16:28 | Tsvetana Paraskova

OPEC and allies snubbed calls from U.S. President Donald Trump to lower oil prices, saying on Sunday that they are satisfied with the “overall healthy balance between supply and…

Schlumberger To Buy Russia's Leading Drilling Company

Sep 25, 2018 at 11:27 | Viktor Katona

The past four years have been a 21st century low point for Western foreign investment in Russia, with sanctions, unlawful trade practices and ceaseless wars in the Greater Middle East…

Has Iran Started To Switch Off Oil Tanker Tracking Systems?

Sep 25, 2018 at 10:39 | Tsvetana Paraskova

With U.S. sanctions on Iran’s oil exports just six weeks away, at least ten Iranian oil supertankers have gone dark, not having broadcast any signal for at least a week,…

Don't Underestimate The Trade War Impact On Oil Demand

Sep 25, 2018 at 09:31 | Irina Slav

A squeeze on oil demand is looming as a result of the U.S.-China trade war, a senior BP executive told Reuters. Acknowledging the bullish effect of U.S. sanctions on…

OPEC: IMO Rules Will Boost Oil Demand By 400,000 Bpd

Sep 24, 2018 at 16:33 | Irina Slav

The entry into effect of tighter emission rules for bunkering fuel will cause a temporary spike in crude oil demand as refineries increase their daily runs by around 400,000 bpd,…

Saudis To Pump More Crude Oil In The Next Three Months

Sep 24, 2018 at 13:33 | Irina Slav

Saudi Arabia will boost its crude oil production in the coming months as it expects stronger demand, Oil Minister Khalid al-Falih said this weekend, as quoted by S&P Global…

Canadian Shale Is Hitting The Wall

Sep 21, 2018 at 17:05 | Tsvetana Paraskova

Plunging Canadian prices have been depressing oil producers’ realized prices and revenues, even though the U.S. benchmark and the international Brent Crude prices have rallied year to date. But it’s…

Iran: We Won’t Let OPEC Boost Production

Sep 20, 2018 at 16:18 | Nick Cunningham

It’s about that time again. WTI hits $70 per barrel and the tweet-rage is back. We protect the countries of the Middle East, they would…

Canada Boosts Oil Exports To The U.S.

Sep 20, 2018 at 15:59 | Tim Daiss

Canada is requiring stronger tanks cars for transporting crude oil ahead of previously set deadlines, the country’s transport minister said on Wednesday. Transport Canada, the government department responsible for…

Oil Prices Slip After Trump Slams OPEC On Twitter

Sep 20, 2018 at 10:05 | Tsvetana Paraskova

As Brent Crude prices have been slowly creeping up to the $80 mark for a week, U.S. President Donald Trump took to Twitter again to slam OPEC about pushing prices…

Strong Rise In Spending Keeps Offshore Ahead Of Shale

Sep 20, 2018 at 09:14 | Rystad Energy

A recent surge in final investment decisions (FIDs) on offshore oil and gas projects has set the scene for a healthy increase in offshore investments next year, thus preventing the…

Why Oil Markets Can’t Escape OPEC, Russian Influence

Sep 19, 2018 at 16:16 | Tsvetana Paraskova

OPEC members and their Russia-led non-OPEC allies have yet to decide how to share the 1 million bpd production boost they pledged in June. when they saw the market started…

Just How Low Can Iran’s Oil Exports Go?

Sep 19, 2018 at 15:57 | Tsvetana Paraskova

Iran’s oil exports started to fall noticeably in August as key customers in Asia began to curtail oil purchases to either comply with the U.S. efforts to bring Iranian exports…

Oil Prices Inch Higher On Crude, Gasoline Draw

Sep 19, 2018 at 09:44 | Irina Slav

After API’s latest surprise inventory build pressured oil prices, the Energy Information Administration cheered the market up by refuting the build and reporting instead yet another weekly draw, of…

Saudi Oil Inventories Continue To Plummet

Sep 18, 2018 at 11:39 | Tsvetana Paraskova

In July, Saudi Arabia saw its highest crude oil stocks draw in eight months at 5.51 million barrels, after the Kingdom unexpectedly reduced its production compared to June while it…

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