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Oil Supported By Crude, Gasoline Draws

Oil Supported By Crude, Gasoline Draws

Crude oil prices traded slightly…

Big Oil Grows Bolder in Transition Pushback

Big Oil Grows Bolder in Transition Pushback

Several big oil executives at…

Energy / Crude Oil

Plastics Won’t Save Oil

Sep 13, 2017 at 14:15 | Irina Slav

Petrochemicals are Big Oil’s big hope for the future—the distant future. Petrochemicals are used in thousands of products, with the biggest group among these being single-use plastic products. The bad…

OPEC Production Falls Despite A Dip In Compliance

Sep 13, 2017 at 13:44 | Ron Patterson

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through August 2017 and is in thousand barrels per day.

Schlumberger’s Gamble Could Change Oilfield Services Forever

Sep 13, 2017 at 11:58 | Nick Cunningham

The world’s largest oilfield services firm has decided that it should take an ownership stake in upstream oil and gas production, rather than simply provide the services for doing so.…

Oil Prices Rise On Huge Draw In Gasoline Stocks

Sep 13, 2017 at 09:47 | Irina Slav

Crude oil prices inched up after the EIA reported a smaller-than-expected build of 5.9 million barrels in crude oil inventories for the week to September 8, after a

OPEC’s Latest Report Signals An Oil Price Rally

Sep 12, 2017 at 17:06 | Cyril Widdershoven

Today’s OPEC report is a clear sign of a sustainable bear market, with the cartel’s oil production falling slightly in August, while its demand forecast for 2017-2018 rose. OPEC produced…

OPEC’s Output Drop: Saudis Overcompensate While Compliance Slides

Sep 12, 2017 at 13:46 | ZeroHedge

Confirming Monday leaks that OPEC production had dipped last month, the just released OPEC report for the month of September confirmed that OPEC produced 32.755mmb/d (according to secondary source data), a…

Aramco Valuation Comes Under Scrutiny

Sep 11, 2017 at 15:40 | Zainab Calcuttawala

Saudi Crown Prince Mohammed bin Salman says Saudi Aramco should be valued at $2 trillion for its initial public offering, but its true value will only be known when the…

Refiners Boost Output, But Irma Could Dent Demand

Sep 08, 2017 at 17:12 | Nick Cunningham

Texas continues to recover from Hurricane Harvey, and many of the disrupted refineries are ramping up production once again. But the ripple effects from the outages are still being felt,…

Russia’s Big Bet On Kurdish Oil

Sep 08, 2017 at 17:06 | Shadow Governance Intel

In June 2017, Kurdistan Regional Government (KRG) and Russian energy behemoth Rosneft signed several cooperation, investment and production sharing agreements regarding hydrocarbon exploration, production, infrastructure, logistics and trading. Rosneft also…

Hurricane Season Weighs On Gulf Of Mexico Production

Sep 08, 2017 at 17:06 | Ron Patterson

Production Production for June by BOEM was 1631 kbpd and by EIA 1636, compared with 1673 and 1659 kbpd, respectively, in May. The decline was mostly from Thunder Horse going…

Houston’s Energy Sector Confident Of A Quick Recovery

Sep 08, 2017 at 16:50 | Yale Global

After devastating Houston and other parts of southeast Texas and continuing on to Louisiana, the hurricane known as Harvey put a spotlight on the rising role of the Gulf of…

Now Is The Time To Rebuild Your Energy Portfolio

Sep 08, 2017 at 16:36 | Dan Dicker

Last week, I wanted to give you a firm go-ahead signal to target and buy oil stocks. This week, we’ve already done fine in following that advice. For now, I…

Traders Expect Much Tighter Oil Markets In Early 2018

Sep 08, 2017 at 10:57 | Irina Slav

Optimism among oil traders seems to be rising based on Brent calendar spreads, according to Reuters market analyst John Kemp. He notes in a recent column that said spreads…

Hurricane Irma Prompts Oil Storage, Port Shutdowns

Sep 08, 2017 at 09:46 | Irina Slav

Hurricane Irma has prompted the shutdown of at least two oil storage complexes in the Caribbean, with a combined capacity of 18.6 million barrels, S&P Platts reports. One of…

The North Sea Oil Recovery Is Dead In The Water

Sep 07, 2017 at 16:25 | Nick Cunningham

The oil majors issued a vote of confidence for the North Sea in recent days, citing precipitous declines in the cost of production, which they say will revive the region’s…

Oil Prices Steady Amid Rising Crude Inventories

Sep 07, 2017 at 10:20 | Irina Slav

As refineries along the Gulf Coast slowly resume normal operations, there was no surprise in this week’s EIA inventory report: a build of 4.6 million barrels of crude oil. The…

How Vulnerable Are Oil Markets To Extreme Weather?

Sep 06, 2017 at 14:30 | Gregory Brew

Last week, Hurricane Harvey made landfall in the United States and for days disrupted the national energy industry. Refineries were closed, pipelines shut down, tankers held out to sea. The…

Can NAFTA Protect Big Oil From Mexico’s Populist Movement?

Sep 06, 2017 at 14:19 | Irina Slav

The second round of NAFTA negotiations that concluded yesterday in Mexico City sought ways to enshrine the 2014 energy sector reforms that the Enrique Pena-Nieto government had launched to…

The Single Most Important KPI For Oil & Gas Companies

Sep 06, 2017 at 13:45 | Salman Ghouri

It is no secret that the CEOs, owners, shareholders and creditors are curious to know how a company is progressing. If there was only one KPI that could measure the…

Is The U.S. Over-Reliant On Gulf Oil Production?

Sep 06, 2017 at 12:03 | Metal Miner

This week we covered the impact on the automotive industry of Hurricane Harvey and the likely boost to demand that will come from the replacement of used and new vehicles damaged…

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