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Oil Falls Despite Crude Inventory Draw

Oil Falls Despite Crude Inventory Draw

Oil prices fell on Wednesday…

Kuwait Oil Production Hits 18-Month High

Kuwait Oil Production Hits 18-Month High

Kuwait’s oil ministry said that…

Energy / Crude Oil

Is This Europe’s Newest Oil & Gas Producer?

Is This Europe’s Newest Oil & Gas Producer?

Aug 08, 2018 at 12:39 | Viktor Katona

Few countries have a hydrocarbon history as difficult and convoluted as Portugal. It has lost its colonies just as Angola’s oil production was on the brink of multiplying – later…

Oil Falls Despite Crude Inventory Draw

Oil Falls Despite Crude Inventory Draw

Aug 08, 2018 at 09:45 | Irina Slav

A day after the API’s estimated oil inventory draw of 6 million barrels failed to impress the market, the Energy Information Administration may have succeeded after reporting a draw…

Why Saudi Oil Production Suddenly Dropped

Why Saudi Oil Production Suddenly Dropped

Aug 07, 2018 at 15:41 | Tsvetana Paraskova

As if oil market participants haven’t had enough conflicting market forces to digest over the past week, reports that Saudi Arabia’s crude oil production surprisingly dropped in July by…

Pakistan: Exxon Is Close To Making A Mega Oil Discovery

Pakistan: Exxon Is Close To Making A Mega Oil Discovery

Aug 06, 2018 at 12:28 | Tsvetana Paraskova

ExxonMobil is close to discovering huge oil reserves in Pakistan near the border with Iran, and those reserves could even be larger than the oil reserves of Kuwait, the Pakistani…

Goldman Sachs Expects “Very, Very Tight” Oil Market

Goldman Sachs Expects “Very, Very Tight” Oil Market

Aug 06, 2018 at 11:56 | Tsvetana Paraskova

Oil demand continues to be strong and the oil market is “eating very quickly” through OPEC’s spare capacity, so we are going into a “very, very tight oil market,” Michele…

Something Strange Is Happening In The Saudi Oil Patch

Something Strange Is Happening In The Saudi Oil Patch

Aug 06, 2018 at 09:32 | Irina Slav

Saudi Arabia may have started to fill up its oil tanks, export and domestic consumption data suggests, as cited by Bloomberg’s Julian Lee. Traditionally, the summer months are the season…

Venezuela Sends More Crude To The U.S. Despite Production Woes

Venezuela Sends More Crude To The U.S. Despite Production Woes

Aug 03, 2018 at 17:03 | Irina Slav

Despite a persistent decline in crude oil production, Venezuela has seen its exports of crude to its biggest market, the United States, climb since February this year. In fact, between…

OPEC Oil Production Surges 340,000 Bpd As Saudis Pump Near Record

OPEC Oil Production Surges 340,000 Bpd As Saudis Pump Near Record

Aug 03, 2018 at 17:01 | Tsvetana Paraskova

OPEC’s crude oil production jumped by 340,000 bpd in July from June, as the cartel’s leader Saudi Arabia pumped near-record volumes and the close Saudi allies in the Gulf boosted…

The U.S. Oil Production “Mirage”

The U.S. Oil Production “Mirage”

Aug 02, 2018 at 16:42 | Nick Cunningham

Some of the surge in U.S. oil production this past spring might have been “a mirage.” On July 31, the EIA released monthly data on U.S. oil production, which…

Russia Reverses Almost All Its Oil Production Cuts

Russia Reverses Almost All Its Oil Production Cuts

Aug 02, 2018 at 11:58 | Tsvetana Paraskova

Russia opened the spigots in July and pumped its highest level of oil since the OPEC+ agreement entered into force in January 2017. At 11.215 million bpd, Russia’s oil…

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