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Breaking News:

UK’s Oil Tanker May Soon Be Released

Tanker Turmoil And Drone Attacks Barely Move Oil

Tanker Turmoil And Drone Attacks Barely Move Oil

This weekend’s drone attacks on…

Energy / Crude Oil

China Still Reluctant To Buy U.S. Crude Oil

China Still Reluctant To Buy U.S. Crude Oil

Aug 14, 2019 at 11:44 | Tsvetana Paraskova

The end of the truce in the U.S.-China trade war and the highly unpredictable nature of the next moves in the trade spat have made traders in China even more…

Shale Pioneer Hamm Calls For Production Slowdown

Shale Pioneer Hamm Calls For Production Slowdown

Aug 14, 2019 at 10:31 | Irina Slav

U.S. shale producers need to slow down with production growth and focus more on capital discipline in an oversupplied market, Continental Resources’ Harold Hamm told the audience at the EnerCom…

Oil Erases Gains On Crude Inventory Build

Oil Erases Gains On Crude Inventory Build

Aug 14, 2019 at 09:41 | Irina Slav

Crude oil prices fell further down today after the Energy Information Administration reported a 1.6-million-barrel build in crude oil inventories for the week to August 9. This compares with…

Crude Oil Markets Brace For Fuel Market Disruption

Crude Oil Markets Brace For Fuel Market Disruption

Aug 13, 2019 at 14:38 | Tsvetana Paraskova

The oil market is grappling with a lot of uncertainties in both supply and demand side factors, but one certainty sure to affect oil markets, refiners, and price differentials is…

Will Shale Rise From The Dead?

Will Shale Rise From The Dead?

Aug 12, 2019 at 11:57 | Kurt Cobb

A flurry of coverage about the gloom and outright calamity in the shale oil business appeared last week. Low prices continue to dog the industry. But so does lack of…

Saudi Aramco’s First Ever Disclosure Shows $47 Billion Profit

Saudi Aramco’s First Ever Disclosure Shows $47 Billion Profit

Aug 12, 2019 at 10:57 | Tsvetana Paraskova

Saudi Aramco announced for the first time financial results on Monday, reporting a net income of US$46.9 billion for the first half of 2019, down by 12 percent from…

The ‘Cowboy State’ Oil Boom Is Falling Behind

The ‘Cowboy State’ Oil Boom Is Falling Behind

Aug 09, 2019 at 13:27 | Tsvetana Paraskova

A year ago, the Powder River Basin in northeastern Wyoming was thought to be the next hot thing in U.S. shale with land acquisition costs lower than in the…

Venezuela Plans Oil Production Boost Amid Worsening Crisis

Venezuela Plans Oil Production Boost Amid Worsening Crisis

Aug 09, 2019 at 10:16 | Irina Slav

Venezuela plans to increase its oil production by 65,000 bpd by expanding the output of a joint venture between PDVSA and China’s CNPC, Reuters reports, quoting a statement by…

Saudis Keeping Oil Exports Down To Combat Falling Prices

Saudis Keeping Oil Exports Down To Combat Falling Prices

Aug 08, 2019 at 11:25 | Tsvetana Paraskova

Despite healthy demand in all regions, the world’s top crude oil exporter Saudi Arabia continues to keep its exports below the 7-million-bpd mark and will do so at least through…

Saudis Scramble To Arrest Oil Price Slide

Saudis Scramble To Arrest Oil Price Slide

Aug 08, 2019 at 09:20 | Irina Slav

Saudi Arabia has approached other members of OPEC to discuss possible steps they can take to arrest a slide in oil prices that have brought them to the lowest in…

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