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Energy / Crude Oil

North Dakota Will Not Impose Oil Production Cuts

Jul 08, 2020 at 09:12 | Tsvetana Paraskova

North Dakota’s oil regulators decided on Tuesday not to impose any oil production restrictions amid the coronavirus pandemic, The Bismarck Tribune reported. North Dakota follows Texas and Oklahoma in deciding…

World’s Biggest Oil Importer Is Running Out Of Storage

Jul 07, 2020 at 17:48 | Haley Zaremba

When the bottom fell out of international crude oil markets earlier this year, global oil storage was at a premium. In the United States, finding sufficient crude oil…

Why The Bakken May Not Come Back

Jul 07, 2020 at 17:10 | Nick Cunningham

The Bakken shale is already declining because of financial struggles and the oil market downturn, but the potential shuttering of the Dakota Access pipeline could close off the possibility of…

Venezuela’s Oil Riches Are Quietly Falling Under Russian Control

Jul 07, 2020 at 12:03 | Matthew Smith

For decades during the Cold War, Latin America was a focal point of conflict between the two superpowers, the U.S. and Soviet Union. While the U.S. emerged victorious…

Third Major Blow For Pipelines: Keystone XL Project Stays Blocked

Jul 07, 2020 at 09:47 | Tsvetana Paraskova

In the third major blow to oil pipelines in just two days, the U.S. Supreme Court ordered on Monday that construction of the long-delayed and once-resurrected Keystone XL project cannot begin.…

Apple’s “Holy Grail Of Data” Leaves Oil Traders Disappointed

Jul 06, 2020 at 16:01 | Tsvetana Paraskova

If there was anything certain to come out of the COVID-19 pandemic, it is that the oil market and its participants are struggling to guesstimate how long overall…

China’s June Crude Oil Imports Hit Record High

Jul 06, 2020 at 14:20 | Julianne Geiger

China’s crude oil imports in June hit a record high, according to a market analysis by OilX Research, in a sign that China’s thirst for crude oil is not being…

Oil Demand To Rebound Despite Spike In COVID-19 Cases

Jul 06, 2020 at 13:45 | Yousef Alshammari

Despite the continued bearish sentiment, oil markets saw a bit of support over the past week, resulting from the sharp decline in the crude oil inventories as reported by the…

Will Argentina's Oil Industry Survive This Crisis?

Jul 06, 2020 at 11:04 | Viktor Katona

Throughout the 2010s Argentina’s shale deposits were universally listed alongside the US shale gale, denoting the many similarities Vaca Muerta shares with Eagle Ford in particular and Texas’ shale deposits in general. Providing…

Battery Metal Sector Sees Light At The End Of The Tunnel

Jul 03, 2020 at 16:28 | MINING.com

The world is in transition between a lead-acid battery past, and a future in which lithium-ion batteries are poised to supplant lead-acid batteries and to displace increasing volumes…

High Quality Oil And Gas Assets Should Drive An M&A Recovery

Jul 03, 2020 at 15:16 | Tsvetana Paraskova

The oil price collapse has taken its toll on mergers and acquisitions (M&A) across the U.S. oil and gas industry as companies preserve cash in these highly uncertain times.   …

Saudi Arabia And Kuwait Restart Production At Huge Shared Oil Field

Jul 03, 2020 at 08:35 | Irina Slav

Saudi Arabia and Kuwait have restarted production at the Al-Khafji oil field in the neutral zone between the two countries, Turkey’s Anadolu Agency reported, citing a statement by the acting…

Goldman Sachs: Prepare For A Global Consolidation Of Refineries

Jul 02, 2020 at 13:47 | Nick Cunningham

A wave of new oil refineries coming online in the Middle East and China will knock others offline, ushering in a period of consolidation, according to a new report from…

Moody’s Turns Bearish On Oil Demand Growth

Jul 02, 2020 at 12:43 | Irina Slav

Billions of people spent the last few months in a lockdown of some form or another with travel bans or severe restrictions in place. Some warn that this will be…

Oil Rig Count Collapse Beginning To Slow

Jul 02, 2020 at 12:29 | Julianne Geiger

Baker Hughes reported on Thursday that the number of oil and gas rigs in the US fell again this week, by 2, to 263, showing the second small loss in…

Russia Expects OPEC+ To Ease Cuts Next Month

Jul 02, 2020 at 12:05 | Tsvetana Paraskova

OPEC+ is not discussing or planning changes to its production cut agreement, which should see the oil producers ease the cuts in August, Russia’s Energy Minister Alexander Novak said at an…

U.S. Shale Needs To Rethink Its Strategy To Survive

Jul 02, 2020 at 11:56 | Haley Zaremba

U.S. shale is hurting. While the entire global energy industry has been hit hard by the novel coronavirus pandemic and its disastrous effect on oil prices and oil…

U.S. Shale Scrambles For Credit With Oil At $40

Jul 02, 2020 at 11:17 | Julianne Geiger

U.S. oil and gas companies are scrambling for credit, with lenders tightening their purse strings as oil prices continue to sit below $40 per barrel. Oil and gas lenders have…

Are Oil Bulls In For A Disappointing July?

Jul 01, 2020 at 17:26 | Nick Cunningham

The oil market continues to tighten, but the surge of coronavirus cases in the U.S. could derail the rally in crude prices.  OPEC+ can claim most…

Covid-19 Is Crushing This African Oil Exporter

Jul 01, 2020 at 14:14 | Viktor Katona

Stuck midway in reforming its energy sector by chopping down unnecessary assets and optimizing the national NOC’s role vis-à-vis the government, Angola has endured a lot of strain in the…

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