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Has The World Started To Kick Its Oil Addiction?

Has The World Started To Kick Its Oil Addiction?

Consumers in many countries are…

Offshore Rig Builders Face New Reality

Offshore Rig Builders Face New Reality

Oil platform builders are facing…

Energy / Crude Oil

How Significant Is WTI’s Breakout?

How Significant Is WTI’s Breakout?

Apr 13, 2018 at 17:24 | Martin Tillier

Oil, after looking rangebound for a while, albeit at the highest levels since 2014, looks like it has broken out. When WTI futures challenged February’s high of $66.66 a few…

Is OPEC’s Mission ‘’Accomplished’’?

Is OPEC’s Mission ‘’Accomplished’’?

Apr 13, 2018 at 17:24 | Nick Cunningham

OPEC’s goal of draining the global inventory surplus has finally been achieved. The International Energy Agency said in its latest Oil Market Report that the supply overhang has pretty much…

The Biggest Hurdle To China’s Yuan-Priced Crude Benchmark

The Biggest Hurdle To China’s Yuan-Priced Crude Benchmark

Apr 13, 2018 at 17:24 | Tsvetana Paraskova

China finally launched last month its yuan-denominated crude oil futures that have been in the works for years, after several delays. The start of the new contract trading was…

Pipeline Opponents Need A Shot Of Common Sense

Pipeline Opponents Need A Shot Of Common Sense

Apr 13, 2018 at 17:24 | Irina Slav

The very word pipeline these days seem to put a lot of people on edge. It has somehow become a synonym of evil. Yet pipelines are simply infrastructure for transporting…

The World’s Most Profitable Oil Major

The World’s Most Profitable Oil Major

Apr 13, 2018 at 17:23 | Julianne Geiger

For decades, giant Aramco has been a financial enigma, but the curtains have now been pulled back thanks to some anonymous sources revealed to Bloomberg. Analysts and traders have for…

OPEC Cuts Another 200,000 Bpd In March

OPEC Cuts Another 200,000 Bpd In March

Apr 13, 2018 at 17:23 | Ron Patterson

All OPEC data below was taken from the April issue of The OPEC Monthly Oil Market Report. The data is through March 2018 and is thousands of barrels per day.

Iraqi Shia Militia Smuggles Oil Into Iran

Iraqi Shia Militia Smuggles Oil Into Iran

Apr 13, 2018 at 10:44 | Irina Slav

The Hashd al-Shaabi paramilitary organization in Iraq is smuggling crude from fields around Kirkuk to Iran, an Iraqi MP told Kurdistan 24, a local news outlet. The Shia organization…

The Six Factors Driving Oil Markets In 2018

The Six Factors Driving Oil Markets In 2018

Apr 12, 2018 at 14:31 | Osama Rizvi

Uncertainty appears to have returned to oil markets of late, with a cluster of factors battling for influence over prices. The oil bulls are very content with the Vienna deal,…

Three Takeaways From OPEC's Latest Report

Three Takeaways From OPEC's Latest Report

Apr 12, 2018 at 10:38 | Tsvetana Paraskova

As it has become a trend in recent months, OPEC revised up again on Thursday its estimate for non-OPEC supply growth in 2018, but it also lifted its forecast for…

New Zealand Bans Offshore Oil Exploration

New Zealand Bans Offshore Oil Exploration

Apr 12, 2018 at 09:23 | Irina Slav

New Zealand’s government has announced all oil and gas exploration offshore the country will be banned in a bid to protect New Zealand from the effects of climate change.…

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