The Financial Times, citing unnamed…
U.S. shale has provided that…
Oil production in Southeast Asia and East Asia will decline by 20 percent between 2017 and 2025, according to a new report from Rystad Energy. Natural depletion from mature oil…
BP says oil demand will peak in the 2030s, and that EVs will rise 100-fold to capture about a third of the car market. BP released its annual Energy…
I was jesting the other day about who would be on guitar in OPEC's supergroup, but it got me thinking about the various global oil producers, and how their traits…
Saudi Arabia’s Aramco has considered the possibility of shipping U.S. crude via its Motiva unit to Asia, a source in the know has told Bloomberg. The company decided that…
After a surprise crude oil inventory draw reported by the American Petroleum Institute, the Energy Information Administration strengthened the good mood by confirming the draw, and a much larger…
Just a decade ago, few could have imagined that the U.S. would be producing more than 10 million bpd of crude, but with the explosion of shale production, that is…
Saudi Arabia is undergoing a truly seismic shift in its economy, politics, and society, all thanks to the oil price crash of 2014. Crown Prince Mohammed bin Salman, commonly referred…
Higher drilling costs could threaten the recent surge in United States shale production. Halliburton said last week that its earnings could be negatively impacted because of bottlenecks related to the…
It has been an appalling few years for Brazil’s energy patch. Weaker oil prices, sweeping corruption scandals and the worst economic downturn ever have sharply impacted the nation’s oil industry…
Delays in budget payments to the National Oil Corporation of Libya could threaten the country’s oil production, NOC’s chairman Mustafa Sanalla said in a statement. “The entire sector is suffering…
Oil market participants and analysts have been closely watching the record level of supply coming out of the United States that is threatening to undo OPEC’s production cuts. But in…
Canadian oil producers can’t get a break. First it was the pipelines — there are not enough of them to carry the crude from Alberta’s oil sands to export markets.…
The interaction between U.S. shale and OPEC will continue to be the dominant narrative in the oil market this year, and the opposing forces could end up trapping oil prices…
Following three painful years of portfolio repositioning, cost cuts, and deferred projects, the offshore oil and gas industry is now more prepared to deliver projects and profits at lower costs…
The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day.…
Saudi Arabia continues to keep the market informed about its stance on the OPEC production cut deal, with Khalid al-Falih's latest guidance that Saudi would prefer to overtighten the market…
The end of the Peronist hold on Argentine politics and rise of pro-business president Mauricio Macri has heralded in a new age for what was long regarded as one of…
Oil prices are falling and analysts and market players are as eager as ever to explain the decline in accordance with their own bullish or bearish leanings. It’s a natural…
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…