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Energy / Crude Oil

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…

Putin Reluctant To Cut Off North Korean Oil Supplies

Sep 06, 2017 at 10:48 | Tsvetana Paraskova

Amid rising tension over North Korea’s nuclear tests, South Korea’s president has pleaded with Russia to help it with its push to cut off oil supplies to Pyongyang’s regime, but…

Libya Resumes Production At Largest Field Amid Rising Oil Prices

Sep 06, 2017 at 09:44 | Irina Slav

Libya’s largest oil field, Sharara, will resume production following a two-week halt, after a pipeline blockade ended yesterday. This is what an unnamed source from Libya’s oil industry told…

Aramco Looks To China Ahead Of IPO

Sep 05, 2017 at 16:10 | Tsvetana Paraskova

Saudi Arabia is getting ready to list 5 percent of its crown jewel—state oil firm Aramco—in what could be the biggest IPO ever. The Saudis claim that the whole company…

Can Russia Develop Its Shale Reserves?

Sep 05, 2017 at 15:49 | Viktor Katona

Russia’s tight oil will play an increasingly important role in its oil output, underpinned by the fact that 20 percent of its current reserves already belong to the “tight” category.…

In A Bold Move, Saudis Raise Crude Prices For Asia

Sep 05, 2017 at 10:59 | Irina Slav

Saudi Arabia’s Aramco said yesterday that it will raise the October price of its Arab Light crude oil blend for Asian clients by US$0.55 a barrel to a premium…

Oil Takes Center Stage In Norway’s Election

Sep 04, 2017 at 14:56 | Tsvetana Paraskova

Western Europe’s biggest oil and gas producer, Norway, is holding a general election next week—the outcome of which will be largely determined by the oil policies and oil-related economic issues…

These Numbers Suggest Yet Another Surge In The Permian

Sep 04, 2017 at 12:12 | Oil & Gas 360

The Permian is the heart of modern oil and gas activity, with well over 300 rigs operating and tremendous growth set to continue. But companies need to continuously drill new…

Is Big Oil Prepared For The Natural Gas Era?

Sep 04, 2017 at 10:52 | Irina Slav

By 2034, natural gas will overtake oil as the main source of energy, and by 2050 it will be the single largest such source globally, satisfying 27 percent of demand.…

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