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Energy / Crude Oil

Is The Shale Boom A Certainty?

Jan 24, 2018 at 10:30 | Osama Rizvi

Among the fears that grip today’s oil markets, nothing is as strong as the uncontrollable rise of U.S. shale production. While OPEC and its partners have managed to push oil…

Oil Markets Relieved After EIA Reports Crude Inventory Draw

Jan 24, 2018 at 09:47 | Irina Slav

A day after the American Petroleum Institute surprised the market with a substantial inventory build, the Energy Information Administration dispelled doubts about the balance between supply and demand by…

The Biggest Year Yet For U.S. Shale

Jan 23, 2018 at 16:35 | Nick Cunningham

U.S. shale companies are expected to ramp up production this year, and higher oil prices could lead to the industry turning profits for the first time. For years, the shale…

Venezuela Claims To Be Able To Boost Oil Production By 1M Bpd

Jan 23, 2018 at 12:32 | Tsvetana Paraskova

Cash-strapped and crisis-stricken Venezuela “can easily manage” an oil production increase of 1 million bpd this year to lift its production capacity to 2.472 million bpd, its oil minister Manuel…

Largest Oil Consumers Not In A Rush To Hedge Crude

Jan 23, 2018 at 10:53 | Irina Slav

Four major airlines have said they have no plans to hedge fuel deliveries despite higher oil prices. These include Delta, American, United, and Dubai’s Emirates. This may suggest the…

Will This Cause An Oil Price Reversal?

Jan 22, 2018 at 16:50 | Olgu Okumus

Last Friday, oil prices surpassed $70 per barrel. With OPEC’s decision to reduce oil production, oil prices continue their rise. While Iran’s oil minister stated in early January that…

A Look Inside The World’s Hottest Shale Play

Jan 22, 2018 at 13:50 | Robert Rapier

Boomtown Last week, my day job took me to the Permian Basin. A colleague and I arrived late at night at our hotel in Fort Stockton, Texas. The hotel parking lot was full.…

Crisis-Hit Venezuela Takes Over OPEC's Rotating Presidency

Jan 22, 2018 at 10:42 | Tsvetana Paraskova

Venezuela is taking over the rotating presidency of OPEC for 2018 at a time when the country’s oil production is falling to a nearly three-decade low amid a severe…

The No.1 Challenge To The Oil Rally

Jan 19, 2018 at 17:23 | Nick Cunningham

The oil price rally could get derailed by “explosive” growth from U.S. shale in 2018, and “substantial gains” in Canada and Brazil will also add to the supply woes. The…

Oil Traders Have Never Been This Bullish

Jan 19, 2018 at 17:23 | Irina Slav

Net long bets on WTI and Brent hit over 1 billion barrels last week. Speculators are apparently falling over themselves to pour money into these two futures. And prices are…

Nord Stream 2 Is A Game Changer For Gazprom

Jan 19, 2018 at 17:22 | Viktor Katona

It’s difficult to imagine an energy company that’s more hated and more closely monitored than Gazprom… Perhaps in the aftermath of the Deepwater Horizon spill, BP attained similar levels of…

Chinese Fuel Dump Weighs On Asian Refiners

Jan 19, 2018 at 17:22 | Zainab Calcuttawala

Refiners in Asia are having a tough time making profits as diesel and distilled fuels from Chinese exporters flood markets, emerging reports show. The China National Petroleum Corp. said…

The Least Compliant Country In The OPEC Deal

Jan 19, 2018 at 16:08 | Matt Smith

Yesterday's monthly oil market report from OPEC showed that oil production from Kazakhstan likely increased by 180,000 bpd in 2017 to 1.74 million barrels per day. Such a rise gives…

Oil Prices Book Biggest Weekly Loss Since October

Jan 19, 2018 at 09:14 | Irina Slav

Oil prices accumulated a more than 1-percent decline this week, pressured by U.S. production growth, despite the variety of bullish demand forecasts and data about tightening global supply. A record-high…

Peak Oil Demand Is A Slow-Motion Train Wreck

Jan 18, 2018 at 15:37 | Nick Cunningham

Will oil demand peak within five years? 15 years? Or not until 2040 or 2050? The precise date at which oil demand hits a high point and then enters into…

$70 Oil Cripples European Refiners

Jan 18, 2018 at 13:40 | Zainab Calcuttawala

In the latest indication of the strength of the recovery of global oil prices, European refineries are struggling to pay their crude bills as margins decline and demand weakens for…

Oil Prices Rebound After EIA Reports Another Large Crude Draw

Jan 18, 2018 at 10:13 | Irina Slav

Amid emerging doubts that OPEC and Russia have outdone themselves with the oil production cuts and are starting to suffer the consequences, the Energy Information Administration reported another large…

Colombia’s Crude Exports Fall Amid Unrest

Jan 17, 2018 at 10:23 | Matt Smith

Crude exports out of Colombia in recent years have averaged just over 600,000 barrels per day, with exports typically highest in January, before gradually descending through the year. To start…

CNPC Expects Robust Oil Demand Growth In China

Jan 17, 2018 at 09:27 | Irina Slav

China’s state-owned oil and gas giant CNPC has just added fuel to already strong optimism on oil markets by forecasting that crude oil demand in China will jump by…

Asian Oil Buyers Could Benefit From Fresh Sanctions On Iran

Jan 16, 2018 at 09:37 | Irina Slav

Asian oil traders—the largest group of buyers of Iranian crude—are not bothered by the prospect of new sanctions from Washington against Iran. Even if these do materialize, it would take…

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