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Guaido Takes Strides To Topple Maduro

BP Pulls Out Of China’s Shale Patch

BP Pulls Out Of China’s Shale Patch

Poor exploration results have led…

Energy / Crude Oil

This New Oil Hotspot Is Replacing Venezuelan Crude

This New Oil Hotspot Is Replacing Venezuelan Crude

Apr 15, 2019 at 13:15 | Tsvetana Paraskova

The U.S. sanctions on Venezuela’s oil industry have tightened the global heavy to medium crude oil market, sending oil buyers scrambling for alternatives to the heavy Venezuelan oil.     Refiners…

Did Russia Just Call The End of The OPEC Deal?

Did Russia Just Call The End of The OPEC Deal?

Apr 15, 2019 at 09:20 | Julianne Geiger

OPEC and heavyweight Russia may fight America for its share of the oil market, Russia’s Finance Minister Anton Siluanov told TASS on Saturday, even if it means quitting the OPEC…

‘’Rock Solid’’ Chinese Demand Boosts Oil Prices

‘’Rock Solid’’ Chinese Demand Boosts Oil Prices

Apr 12, 2019 at 18:24 | Nick Cunningham

The oil market is dramatically tighter than it was only a few months ago, driven by both supply cuts and outages, as well as by the surprising “resilience of demand,”…

Permian Takes The Crown As World’s Top Oil Field

Permian Takes The Crown As World’s Top Oil Field

Apr 12, 2019 at 18:16 | Robert Rapier

Last week Saudi Aramco — the national oil company of Saudi Arabia and the world’s largest oil company — lifted a veil of secrecy around the company’s operations. For the…

Is This The End Of The OPEC Deal?

Is This The End Of The OPEC Deal?

Apr 11, 2019 at 17:33 | Nick Cunningham

Oil prices ran into a brick wall on Thursday, falling more than 1 percent on news that U.S. inventories jumped and OPEC may be considering an exit from its production…

BP Pulls Out Of China’s Shale Patch

BP Pulls Out Of China’s Shale Patch

Apr 11, 2019 at 10:38 | Tsvetana Paraskova

BP is set to become the latest international major to quit drilling for shale gas in China because of poor exploration drilling results so far, Reuters reported on Thursday,…

Shale Jobs In Jeopardy Despite Oil Price Rally

Shale Jobs In Jeopardy Despite Oil Price Rally

Apr 10, 2019 at 16:32 | Nick Cunningham

Oil prices are climbing to new heights, but many shale companies are not exactly riding high. U.S. shale drillers have run into a series of problems that have resulted…

Oil Rallies As OPEC Production Falls

Oil Rallies As OPEC Production Falls

Apr 10, 2019 at 14:00 | Ron Patterson

The below OPEC charts were taken from data in the OPEC Monthly Oil Market Report. All data is through March 2019 and is in thousand barrels per day.

OPEC Oil Output Dips To Four-Year Low As Cartel Tightens Market

OPEC Oil Output Dips To Four-Year Low As Cartel Tightens Market

Apr 10, 2019 at 10:59 | Tsvetana Paraskova

OPEC’s crude oil production dropped by more than 500,000 bpd month on month in March, to the lowest since February 2015, as Saudi Arabia followed through its commitment to cut…

Oil Rallies Despite Large Crude Build

Oil Rallies Despite Large Crude Build

Apr 10, 2019 at 09:43 | Irina Slav

Crude oil prices brushed off the Energy Information Administration inventory report today, which saw a 7-million-barrel build in crude oil inventories for the week to April 5. The authority…

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