Crude oil prices inched lower…
Per the latest weekly data…
A day after the American Petroleum Institute helped prop WTI up by reporting a 6.356-million-barrel inventory draw, the Energy Information Administration chimed in, reporting a much smaller decline…
The state of Nebraska just cleared one of the last hurdles for the Keystone XL pipeline, potentially ending a decade-long saga over the 1,700-mile pipeline. The Nebraska Public Service Commission,…
Until a month ago, oil analysts and investors thought a nine-month extension of the OPEC production cut agreement was a foregone conclusion. But as the November 30 meeting draws…
LNG prices have tanked over the past few years after a wave of new natural gas export capacity has come online in places like Australia and the U.S. However, despite…
Argentina has consistently been hyped as the location where the next shale revolution will unfold. The unfolding has taken some time, but progress in shale production is starting to take…
Over the last year, ‘permania’ has become so frenzied that the land rush drove exploration rights prices in West Texas sky high—and along with it, equipment and labor costs. So,…
It’s possible that 2017 may go down as the year when the concept of peak oil demand went from speculation to potential reality, as companies and energy analysts began estimating…
Since the Kurdish referendum in late September, when Iraqi Kurds overwhelmingly voted for independence from Iraq, there has been a drop in crude flows through the Kirkuk-Ceyhan pipeline, as tension…
The number of oil and gas rigs in the United States rose again this week, this time by 8, according to Baker Hughes, ending a short-lived downward trend in weeks…
The crude oils stockpiles of China fell for the first time in 12 months on the back of a drop in imports to the lowest in a year and robust…
The global campaign to divest from fossil fuels may have just picked up its most significant ally to date – the largest sovereign wealth fund in the world. Norway’s trillion-dollar…
One of the more important recent developments in global energy is the resurgence of U.S. energy production, thanks in large part to the shale revolution. Now, after half a century…
The oil market has already factored in an extension of the OPEC deal, with the working assumption that the cuts will be extended through the end of 2018. But what…
Despite improving oil prices, Russia’s economic growth is slowing, with GDP rise for the third quarter at 1.8 percent on an annual basis, versus 2.5 percent for the…
All data below is based on the latest OPEC Monthly Oil Market Report. All data is through October 2017 and is in thousand barrels per day.…
Satellite imaging data suggests that China has started to build its crude oil inventories after two months of declines, Orbital Insight said. According to the company’s data, the first…
A day after the American Petroleum Institute took the market by surprise reporting a 6.513-million-barrel build in inventories, the Energy Information Administration confirmed inventories had risen last week…
The oil market is exhibiting signs of having reached a “new normal,” according to the IEA, with the floor for oil prices jumping from $50 to $60 per barrel. But…
U.S. shale oil and gas production is set to grow at a record-breaking rate over the next eight years, the International Energy Agency said in its latest World Energy…
True to its perpetually optimistic form, OPEC, which only last week for the first time conceded the threat posed by rising US shale production... (Click to…