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New Technology Is Fueling America’s Oil Boom

New Technology Is Fueling America’s Oil Boom

The US achieved record-breaking oil…

Energy / Crude Oil

OPEC Might Move Goalposts On Output Cut Deal

Mar 21, 2018 at 08:59 | Tsvetana Paraskova

Delegates from OPEC and its non-OPEC allies discussed this week potentially changing the metric they use to measure the success of the production cut pact, with most proposals shifting the…

Big Oil’s Trillion Dollar Data Battle

Mar 20, 2018 at 15:41 | Tsvetana Paraskova

The faster oil services firms and oil exploration companies adopt digitalization, the more data they generate with every well they drill and every digital map of oil resources they create—but…

Trafigura Leads The U.S. Oil Export Boom

Mar 20, 2018 at 12:48 | Tsvetana Paraskova

One of the world’s biggest commodity traders, Trafigura, was the largest exporter of U.S. crude oil and condensate over the past year, its CEO Jeremy Weir said on Tuesday.…

U.S., Europe And Africa Boost Oil Exports To Asia

Mar 20, 2018 at 10:44 | Matt Smith

At the good ship Clipper, we like to look at flows from two perspectives: sinks and sources. The sources are the main origins of the flows: The key exporting regions…

Why U.S. Oil Exports Are Surging

Mar 16, 2018 at 16:46 | Tsvetana Paraskova

U.S. crude oil exports are surging and going to a growing number of buyers around the world, including to the fastest-growing demand centers in Asia, the traditional stronghold of the…

U.S. Shale Drillers To Become Profitable For The First Time

Mar 16, 2018 at 16:08 | Nick Cunningham

U.S. oil companies have stepped up their hedging for 2018 production, locking in sales at higher prices. In the fourth quarter, U.S. producers increased the share of their 2018 output…

The Truth About Aramco’s $2 Trillion Valuation

Mar 16, 2018 at 15:20 | Irina Slav

Two trillion dollars: this was the price tag Riyadh put on the jewel in its crown, state oil and gas giant Aramco. This is how much the company was worth,…

Is OPEC Producing More Oil Than It Claims?

Mar 15, 2018 at 12:25 | Ron Patterson

The March OPEC Monthly Oil Market Report is out with the February production data. All data is through February 2018 and is in thousand barrels per day.

EIA Stuns Oil Market With Huge Inventory Build

Mar 14, 2018 at 09:45 | Irina Slav

After plunging oil bulls into deeper gloom by forecasting a 131,000-bpd jump in shale oil production next month, the Energy Information Administration reported a 5-million-barrel increase in crude…

Chinese Oil Production Hits Record Low

Mar 14, 2018 at 09:26 | Tsvetana Paraskova

Ageing fields and high production costs dragged down China’s domestic crude oil production in January and February, on par with the lowest level on record according to Chinese government…

Old Fields Die Hard

Mar 09, 2018 at 17:04 | Haley Zaremba

In an industry that is always full of contradictions, 2018 has been a particularly complicated and divisive year for the global oil markets--and it looks like it won’t be letting…

U.S. Oil Rig Count Falls As Gas Rig Count Soars

Mar 09, 2018 at 12:20 | Julianne Geiger

Baker Hughes reported another 3-rig increase to the number of oil and gas rigs this week. The total number of oil and gas rigs now stands at 984, which…

Alberta Ready To Turn Off Oil Taps For B.C.

Mar 09, 2018 at 09:02 | Irina Slav

Alberta’s government may be considering a suspension of crude oil shipments to British Columbia in the latest episode of what is turning into a drama series starring Canada’s biggest oil…

Saudi Arabia Plans Its Own Shale Revolution

Mar 08, 2018 at 16:03 | Irina Slav

Saudi Arabia has big gas plans, with Aramco eyeing a twofold increase in its natural gas production over the next ten years as it seeks to switch local power plants…

Oil And Gas Is Under Attack In Latin America

Mar 08, 2018 at 15:59 | Nick Cunningham

“The energy reform has a lot of benefits to the country, to the people, so the worst case scenario in my point of view is that the speed that we…

The Mysterious Chinese Company Looking To Buy Rosneft

Mar 08, 2018 at 13:54 | Tsvetana Paraskova

When a little-known private Chinese company said in September 2017 that it would be buying 14 percent in Rosneft, many analysts were wondering how an obscure fuel trading company rose…

Is Arctic Drilling The Key To U.S. Energy Dominance?

Mar 08, 2018 at 10:03 | Gary Norman

Energy dominance is a term that has become almost synonymous with Trump’s administration. On the face of things, it may seem that the term requires no further analysis for a…

U.S. Oil Export Boom Boosts Pipeline Demand

Mar 07, 2018 at 17:00 | Nick Cunningham

The U.S. could add around 4 million barrels per day (mb/d) of additional supply in the coming years, and most of it will be shipped abroad, turning the U.S. into…

The Only Oil Major Not Buying Into The Permian

Mar 07, 2018 at 15:33 | Tsvetana Paraskova

The Permian has been attracting independent U.S. drillers and oil majors who want to capitalize on short-cycle returns in the world’s hottest shale play, but one of the world’s supermajors…

Malaysian Petronas Sees Profits Rise By 91%

Mar 07, 2018 at 15:26 | Tim Daiss

Malaysian state-owned oil and gas giant Petronas is back in the game. After a series of steps or rather missteps, including being involved in high profile corruption scandals and after…

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