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Big Oil Refuses To Give Up On The Barents Sea

Big Oil Refuses To Give Up On The Barents Sea

Despite failures in the Barents…

Rising OPEC Production Weighs On Oil Prices

Rising OPEC Production Weighs On Oil Prices

After seeing a slight drop…

Energy / Crude Oil

Who Are The Biggest Buyers Of U.S. Oil?

Who Are The Biggest Buyers Of U.S. Oil?

Oct 13, 2017 at 17:45 | Robert Rapier

This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while continuing to import an average of 8.1 million BPD. In the previous article,…

Canada’s Pipeline Industry Takes Another Hit

Canada’s Pipeline Industry Takes Another Hit

Oct 13, 2017 at 17:17 | Nick Cunningham

Another oil pipeline in Canada bites the dust. TransCanada announced last week that it would scrap its plans to build a 2,800-mile major pipeline that would traverse nearly the entire…

Saudi Arabia Looks To Shelve Aramco IPO

Saudi Arabia Looks To Shelve Aramco IPO

Oct 13, 2017 at 13:04 | Julianne Geiger

Oil giant Saudi Aramco is thinking about reneging on its much talked about plans to publicly list a 5% stake in the company, Financial Times sources said on Friday.…

Draw In Crude Inventories Lifts Oil Prices

Draw In Crude Inventories Lifts Oil Prices

Oct 12, 2017 at 10:22 | Irina Slav

EIA today reported a 2.8-million-barrel draw in U.S. crude oil inventories for the week to October 6, lifting market spirits further amid higher oil demand growth projections from OPEC…

Is The War On Coal Really Over?

Is The War On Coal Really Over?

Oct 11, 2017 at 13:54 | Nick Cunningham

“The war against coal is over.” That was the claim from EPA chief Scott Pruitt ahead of his announcement that he would rewrite a signature climate change program from the…

How OPEC Continues To Cheat On Its Own Deal

How OPEC Continues To Cheat On Its Own Deal

Oct 11, 2017 at 12:16 | Ron Patterson

All data below is based on the latest OPEC Monthly Oil Market Report.All data is through September 2017 and is in thousand barrels per day.…

Rising OPEC Production Weighs On Oil Prices

Rising OPEC Production Weighs On Oil Prices

Oct 11, 2017 at 09:36 | Irina Slav

After a brief respite in August, OPEC oil production rose once again in September, to 32.75 million bpd, up 88,500 bpd from the previous month, the cartel…

Europe Stands Divided On Gazprom’s Nord Stream 2 Pipeline

Europe Stands Divided On Gazprom’s Nord Stream 2 Pipeline

Oct 10, 2017 at 15:39 | Tsvetana Paraskova

Nord Stream 2—Gazprom’s pipeline project to twin the existing Nord Stream pipeline between Russia and Germany via the Baltic Sea, is dividing European nations and European Union (EU) institutions—with…

OPEC Chief Urges U.S. Shale To Curb Oil Output

OPEC Chief Urges U.S. Shale To Curb Oil Output

Oct 10, 2017 at 10:27 | Tsvetana Paraskova

In an unconventional plea to U.S. shale drillers, OPEC’s Secretary General Mohammad Barkindo urged North American producers on Tuesday to share the responsibility for drawing down the global oil overhang.…

The “Amazon Effect” Is Coming To Oil Markets

The “Amazon Effect” Is Coming To Oil Markets

Oct 09, 2017 at 16:09 | Irina Slav

While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the…

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