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Energy / Crude Oil

Oil Prices Jump On Major Crude Draw

Aug 22, 2018 at 09:41 | Irina Slav

Crude oil prices jumped on Wednesday following the Energy Information Administrations’ latest weekly petroleum status report, with the authority confirming a draw in crude oil inventories of 5.8 million…

Spending Boost Fails To Raise Production In The Permian

Aug 21, 2018 at 16:02 | Nick Cunningham

The U.S. shale industry is gearing up to spend more this year, despite assurances to maintain capital discipline. In the second quarter, shale companies signaled their intention to lift capex.…

Chinese Oil Futures Remain High-Risk Endeavour

Aug 21, 2018 at 15:01 | Irina Slav

When the long-awaited yuan-denominated oil futures launched earlier this year, opinions were split: one camp argued with passion that the days of the petrodollar were numbered, its demise a certainty.…

Oil Edges Higher On Iran Fears

Aug 21, 2018 at 13:25 | Tom Kool

Oil prices rose slightly on Tuesday morning as analysts think that reduced supply from Iran could have a more significant impact on oil markets than previously thought.

Indonesia Books Sharp Drop In Oil Imports

Aug 21, 2018 at 11:10 | Irina Slav

Indonesia recorded a substantial decline in crude oil imports in June, official statistical data quoted by S&P Global Platts showed, as the country boosted domestic production. At 833,630 metric…

Texas Exports More Oil Than It Imports For First Time Ever

Aug 21, 2018 at 09:15 | Irina Slav

The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from…

What Caused Oil’s Longest Losing Streak In Years?

Aug 20, 2018 at 16:51 | Nick Cunningham

Oil prices seemed to have leveled off after seven consecutive weeks of weekly declines, the longest streak in years. But the next steps are unclear. In the battle over the…

The Never-Ending Battle For Libya’s Oil Crescent

Aug 20, 2018 at 12:03 | Global Risk Insights

The recent turmoil in Libya’s Oil Crescent – a region which stretches along the coast from Sirte to Ras Lanuf, and which extends down to the Jufra district – has…

The “Weakest” EIA Report In Years

Aug 17, 2018 at 16:49 | Nick Cunningham

The EIA just published one of the “weakest” weekly oil reports in years, which suggests troubled waters ahead for the global oil market. The timing of the report is not…

What Happens Next To China’s Crude Imports?

Aug 17, 2018 at 16:41 | Matt Smith

Our friends over at Ursa published a blog post yesterday discussing crude inventories at Kyaukphyu in Myanmar, highlighting the seeming political nature of recent crude flows to the storage hub.  Crude is…

Would The U.S. Sanction China For Buying Iranian Oil?

Aug 17, 2018 at 09:22 | Irina Slav

A U.S. State Department official has suggested that Washington could impose sanctions on China if it continues to buy Iranian oil after November 4 when sanctions specifically targeting Iranian oil…

Gulf Coast Refineries Process Record Volume Of Crude

Aug 16, 2018 at 09:09 | Irina Slav

Gulf Coast refineries processed a record-high amount of crude oil last week, at 9.649 million barrels daily, the Energy Information Administration said in its weekly petroleum status report. The…

The Productivity Problem In The Permian

Aug 15, 2018 at 17:11 | Nick Cunningham

The multi-year campaign to boost efficiency and productivity in the U.S. shale patch could be nearing its limits. Output in the Permian basin is already starting to slowdown, largely due…

The $80 Billion Megaproject Splurge In Oil

Aug 15, 2018 at 15:43 | Irina Slav

The oil and gas industry has been in recovery mode for at least a year now, and although the improvement in performance is clearly there, the pace of the recovery…

Crude-By-Rail Could Save The Permian Boom

Aug 15, 2018 at 11:56 | Justin Ziebart

Nutshell-OverviewCrude-by-Rail (CBR) has been a savior for North American producers seeking higher returns for heavily discounted crudes caused by a lack of pipeline take-away capacity. And CBR, once again,…

Libyan Oil Recovers, Exceeds 1 Million Bpd

Aug 15, 2018 at 10:55 | Irina Slav

Libya’s crude oil production has exceeded 1 million bpd for the first time since June, when port blockades and a kidnapping caused production outages that within a month brought production…

Oil Prices Fall On Significant Crude Build

Aug 15, 2018 at 09:42 | Irina Slav

After the American Petroleum Institute surprised markets yesterday by reporting a build of 3.66 million barrels for the week ending August 10, the Energy Information Administration today confirmed a…

Oil Demand Growth Starts To Weaken In Asia

Aug 15, 2018 at 09:06 | Tsvetana Paraskova

Oil demand in Asia’s key oil importers and fastest growing markets—China and India—has been growing at a slower pace this year than before, and analysts expect trade tensions, emerging-market currency…

The Single Biggest Threat To Global Oil Demand Growth

Aug 14, 2018 at 16:52 | Tsvetana Paraskova

As the U.S.-China trade war escalates, a growing number of analysts and organizations have increased warnings that further trade tensions could dent economic growth, consumer spending, and investment flows globally—all…

Shale Profits Remain Elusive

Aug 14, 2018 at 16:47 | Nick Cunningham

This time was supposed to be different. This year was supposed to be the year in which the U.S. shale industry proved that, after years of frustrating investors, they would…

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