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Breaking News:

Hess Board Recommends Merger With Chevron

New Technology Is Fueling America’s Oil Boom

New Technology Is Fueling America’s Oil Boom

The US achieved record-breaking oil…

Energy / Crude Oil

Oil Prices Stabilize After Significant Gasoline Draw

Oct 25, 2017 at 09:45 | Irina Slav

With oil prices at multi-week highs thanks to reports from OPEC and demand outlook, some more good news is always appreciated but the EIA has refused to play along,

OPEC Aims For Smooth Exit From Production Cut Deal

Oct 24, 2017 at 16:55 | Gregory Brew

The members of OPEC are quietly beginning to plan an eventual tapering-off of production cuts, even as the group plans a nine-month extension of the cuts to the end…

BP’s Dangerous Track Record In Alaska

Oct 24, 2017 at 15:07 | Nick Cunningham

BP’s Alaska unit had at least 27 serious safety incidents this year, raising concerns that the oil major has not corrected course after the Deepwater Horizon explosion and oil spill.…

Which Of These 3 Hotspots Will Be The Next Big Thing In Oil?

Oct 24, 2017 at 11:30 | Dave Forest

Lots going on in oil and gas this week. With three ripples in different parts of the world potentially suggesting waves of new opportunity coming for project developers.  First, in…

Expect New Aramco IPO Details This Week

Oct 24, 2017 at 10:14 | Cyril Widdershoven

Aramco’s 5 percent IPO—the world’s largest ever—continues to make headlines. Some analysts claim that the IPO is in danger of failing. Other sources report that the company is considering a…

Norway Unfazed By Peak Oil Concerns

Oct 23, 2017 at 17:15 | Irina Slav

When crude oil demand will peak is anyone’s guess. Forecasts vary widely. Wood Mackenzie says that peak demand is “very real,” and sees a decline of 4 million bpd between 2020…

Will Demand For Offshore Rigs Ever Recover?

Oct 20, 2017 at 16:46 | Irina Slav

Last quarter, offshore drilling rig companies retired more rigs than ever before in a three-month period, according to one energy advisory firm. Embattled Transocean is sending six floating rigs…

Can Trump Drive A Wedge Between Saudi-Russian Alliance?

Oct 19, 2017 at 14:02 | Zainab Calcuttawala

Together, Russia and Saudi Arabia produce a fourth of the world’s oil. The laws of competitive international commodity trading have pit the two petrostates on opposite poles of the…

Russia Goes All In On Arctic Oil Development

Oct 19, 2017 at 13:58 | Tsvetana Paraskova

Neither sanctions nor persistently low oil prices are hindering Russia’s ambitions or plans to develop oil resources in its sections of the Arctic. In April, state-controlled oil giant Rosneft

OPEC Looks To Permanently Expand The Cartel

Oct 19, 2017 at 13:36 | Tsvetana Paraskova

At its November 30 meeting, OPEC will seek to discuss making its current partnership with non-OPEC producers permanent, OPEC’s Secretary General Mohammad Barkindo told reporters at the Oil &…

Trump’s Iran Decision Haunts Big Oil

Oct 18, 2017 at 17:19 | Nick Cunningham

United States President Donald Trump’s decision to “decertify” the Iran nuclear deal probably won’t have an immediate impact on oil prices, but the decision could plant the seeds of problems…

Big Oil Refuses To Give Up On The Barents Sea

Oct 18, 2017 at 16:56 | Tsvetana Paraskova

Encouraged by recently opened areas and potentially huge yet-to-be-discovered resources, oil companies launched a record exploration drilling campaign in Norway’s Barents Sea this year. But as the summer and the…

Major Crude Oil Draw Sends Oil Prices Higher

Oct 18, 2017 at 09:58 | Irina Slav

A day after API’s estimate of a 7.13-million-barrel draw in U.S. oil inventories led benchmark prices higher, the EIA added to bullishness by reporting inventory figures largely in…

Goldman: U.S.-Iran Standoff Is A Long-Term Threat To Oil Supply

Oct 17, 2017 at 11:21 | Tsvetana Paraskova

While the Kurdistan-Iraq standoff is a risk to shorter-term oil production, the increased tensions between neighboring Iran and the U.S. are a longer-term and bigger threat to global oil…

Is The Aramco IPO On The Brink Of Collapse?

Oct 16, 2017 at 17:13 | Nick Cunningham

In what could be a humiliating decision, Saudi Aramco is considering not staging an IPO next year as planned, due to the difficulty of pulling off an international listing.…

Kuwaiti Minister: OPEC Deal Extension May Be Unnecessary

Oct 16, 2017 at 10:26 | Irina Slav

OPEC and its partners may not need to extend the November 2016 crude oil production cut agreement beyond its March 2018 deadline if everyone fully complies with their quotas, Kuwait’s…

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

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

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

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…

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