U.S. Hydrogen Developers Seek to Expand IRA Tax Credit Rules
UK oil major Wood Group…
Standard Chartered: global demand will…
Colombia’s beleaguered oil patch remains under considerable pressure. Aside from falling investment and a lack of proven reserves that has led to fears that it only can support another five…
Saudi Arabia will cut additional 100,000 bpd of its oil production next month and keep its exports below 7 million bpd in March in a bid to help clear…
After reporting two consecutive weekly crude oil inventory builds, this week the EIA continued with another build, of 1.8 million barrels for the week to February 9. Analysts cited…
Back in 2014, U.S. shale production was growing so fast that it ended up crashing the market. Now, history could be repeating itself. That was the warning from the International…
Europe’s oil supermajors have largely adapted to lower oil prices thanks to strict financial discipline and efforts to bring down their breakeven levels, a new report from Fitch says,…
The global oil market could slip into deeper oversupply on the back of non-OPEC production growth led by the United States, the International Energy Agency said in its latest…
In the aftermath of the wave of aggressive forecasts for supply growth from U.S. shale lately, OPEC added its voice to the mix on Monday, acknowledging that its American rivals…
The budget deal that the U.S. Congress passed and President Donald Trump signed into law last Friday calls for selling 100 million barrels of the Strategic Petroleum Reserve (SPR) by…
We recently discussed Iraqi flows to the U.S., and how they continue to exhibit strength. Iraqi flows to the U.S. last year averaged just under 600,000 bpd, up a third…
OPEC’s total crude oil production averaged 32.30 million bpd in January, down by 8,100 bpd from December, as rising production in Iraq, Saudi Arabia, and Libya did not fully offset…
The earnings season for the oil majors is over. Judging from their results, so is the three-year downturn that has transformed the industry after companies slashed spending and jobs and…
The latest oil rally, which sees crude trading at close to its highest point in three years, is sufficient to garner considerable attention from market pundits, industry insiders and investors…
One of Latin America’s most stunning tales of economic development in recent years appears doomed to come to a bitter end… Colombia’s reliance upon its abundant oil and gas reserves,…
Crude oil futures are being hit hard the week-ending February 9. Both U.S. West Texas Intermediate and international favorite Brent crude oil futures have trended lower all week. As of…
India plans to increase its crude oil refining capacity by 77 percent to 438.65 million tons, or more than 8 million bpd, a government report has revealed. The increase…
Crude oil imports to China hit another record last month, reaching 9.57 million barrels daily, for a total of 40.64 million tons, customs data showed. This is 400,000 bpd…
Shale executives have gone to great lengths to convince investors that they will not drill aggressively now that oil prices have rallied into the $60s. But in a new…
The Permian has increased its oil production more than any other shale basin in recent years, and it even had its production growing when all other U.S. shale plays were…
Amid positive comments from OPEC on the global oil supply situation and indications that some members of the cartel are ready for a longer extension of the production cut deal,…
ExxonMobil was forced to finally acknowledge the possibility that future climate change policy could lead to peak oil demand, a serious threat to the company’s operations over the long-term. In…