A new study reveals that…
Suriname's oil boom hopes are…
A day after the American Petroleum Institute helped push crude prices even higher by estimating a 9.228-million-barrel draw in U.S. crude oil inventories, the EIA confirmed the draw,…
The Trump administration is going to extreme lengths to disrupt as much oil from Iran as possible, and the implications for the oil market could be severe. When the Obama…
When the U.S. Geological Survey published its updated resource estimate for the Wolfcamp Basin in the Permian a couple of years ago, it added fresh fuel to an already major…
Oil production the neutral zone between Saudi Arabia and Kuwait has stopped until the parties reach an agreement, Kuwaiti state news agency KUNA reported on Tuesday, citing Kuwait’s Oil…
OPEC and its non-OPEC partners, including Russia, have agreed to increase oil production after meetings on Friday and Saturday. The production increase will start in July by “measurable” supply…
Nearly everyone expected the OPEC+ decision to start raising oil production on Friday, with U.S. drivers excited to get some relief from high gas prices at the start of driving…
Higher oil prices and increased efficiency have made companies more optimistic that they could spend more on exploration on the Norwegian Continental Shelf (NCS) this year than they did in…
OPEC’s decision to rein in compliance rates with the 2016 oil production cut deal is “interim”, Saudi Arabia’s Oil Minister Khalid al-Falih said after the meeting as quoted by…
While the U.S. shale production in the Permian has been grabbing most of the market and media attention over the past two years, the Gulf of Mexico has been quietly…
Baker Hughes reported another dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 7 rigs, according to…
Update: OPEC chairman Kachikwu says that OPEC+ will add 700,000 bpd ‘real barrels’ The joint ministerial monitoring committee of OPEC, Russia and the other non-OPEC partners has proposed a production…
The renewed U.S.-Chinese trade tit-for-tat threatens to limit U.S. crude oil exports to China that have been gaining pace in recent months and eating into OPEC’s share in the market,…
As discussed on CNBC Asia last night, Core OPEC has been ramping up exports this month ahead of tomorrow's OPEC meeting in Vienna. Historically, production typically rises ahead of…
Looming trade wars have made frequent headlines since the election of U.S. president Donald J. Trump. His view on the U.S.’ position in global trade is that for too long…
Back in 2011, when OPEC met to discuss raising oil production to offset the drop in Libya, resulting from the civil war, Saudi Arabia’s Ali al-Naimi called it “one…
Iran has suggested it could be open to a compromise on a small rise in OPEC oil output after earlier rejecting a plan by Russia and Saudi Arabia to increase…
Although OPEC and its Russia-led non-OPEC allies have not yet decided if and how much oil they will restore to the market, Russia’s plans for exports and refinery runs in…
For the first time in eight weeks, hedge funds and other money managers boosted last week their net long position in Brent Crude, increasing their bets that Brent oil…
Crude oil prices remained relatively stable after the Energy Information Administration reported a draw of 5.9 million barrels in U.S. crude oil inventories for the week to June 15.…
The U.S. Gulf of Mexico, (GoM) has been a tremendous resource that has largely been developed over the last thirty years or so. One by one, companies ventured into deep…