The market is growing increasingly…
Global oil demand growth is…
A major tax overhaul in Russia’s oil industry is about to start pressuring the earnings of major oil companies. Refiners will be hit hardest as the overhaul will increase the…
A month after Iraq’s general election on May 12, the political divides and bickering over the results threaten to plunge OPEC’s second-largest oil producer into an institutional and constitutional crisis.…
The upcoming OPEC meeting on June 22 is shaping up to be a contentious one, after news broke that the U.S. government asked Saudi Arabia to increase oil production before…
Canada may be the fourth largest producer and third largest exporter of oil in the world, but it has one sole customer of its oil—the United States. At the…
The amazing compliance from OPEC members and Russia to production guidelines has drained the surplus from global supplies and brought oil prices up to trade in the mid-$60’s here in…
The European Union has vowed to maintain the Iran nuclear deal despite the U.S. decision to exit, and Brussels has pushed back against Washington’s attempts to penalize European companies from…
Cash-strapped Venezuela is pleading with OPEC for solidarity against U.S. sanctions, a week after Iran also asked its fellow cartel members for support against the returning U.S. sanctions on Tehran.…
Venezuela might have to declare force majeure on its oil exports as production plunges and its ports are unable to ship enough crude. The ongoing meltdown in Venezuela’s oil sector…
While many market participants view the recent talk of OPEC potentially raising oil production by as much as 1 million bpd as a bearish factor for oil prices, Goldman Sachs…
A day after American Petroleum Institute estimated a solid build in gasoline inventories that pressured West Texas Intermediate, the Energy Information Administration added to the bearish mood by reporting…
Venezuela’s state oil company may be forced to announce a force majeure on crude oil exports if clients awaiting delivery continue to refuse to accept new contract terms the company…
The Trump administration has sent a request to Saudi Arabia for it and the rest of OPEC to boost oil production by 1 million barrels per day (mb/d), according to…
We are living in a carbon bubble with trillions of dollars held in oil, gas, and coal assets that would be wiped out before long as technological advancements in all…
Venezuela’s state oil company PDVSA has told eight foreign clients it will be unable to supply the contracted volumes of crude oil, a company employee told S&P Platts. "Among…
The United States has quietly asked Saudi Arabia and several other OPEC nations to raise oil production by some 1 million bpd, Bloomberg reported on Tuesday, quoting people familiar…
Despite the recent sell-off, Brent Crude prices continue to be supported by geopolitical events and supply concerns, while the U.S. benchmark WTI Crude has been pressured to the downside by…
Iran’s crude oil and condensate exports hit 2.7 million bpd in May, higher than its average volumes over the past year, while the U.S. withdrew last month from the…
We are still in a period of headline risk in financial markets generally. Stocks, bonds and currencies are all reacting to news on subjects as diverse as trade, North Korea,…
Rosneft increased its crude oil production by 70,000 bpd over the last two days, the company told investors, in preparation for an OPEC+ decision to start easing production quotas, Bloomberg…
The Wall Street Journal recently reported that only five of the Top 20 U.S. oil companies focused mostly on hydraulic fracking generated more cash than they spent in the…