Africa’s biggest oil producer, Nigeria,…
Crude oil prices ticked higher…
The International Energy Agency had a nasty surprise for OPEC and its partners in the oil output cut agreement today. According to the authority, non-OPEC production in 2018 will increase…
Today, the Energy Information Administration gave oil bulls a glimmer of hope by reporting a draw in inventories of 1.7 million barrels for the week to June 9. The…
The U.S. shale industry could add yet another dose of new supply in July, with the EIA projecting production growth of about 127,000 barrels per day month-on-month. The fact that…
The downturn may be over, but the oil price crash has left behind potentially long-term consequences for the oil industry. In the wake of the oil price rout that started…
As the Kurdistan Regional Government (KRG) seeks to restore pre-2014 levels of attractiveness to its energy sector from an investment standpoint, it grapples with several key challenges. Chief among these…
OPEC’s de facto leader and the world’s biggest crude oil exporter, Saudi Arabia, will be reducing exports to some of its buyers in Asia next month, and will significantly cut…
The recent OPEC agreement to extend production cuts for a further nine months has had a mixed response from industry commentators. For some, it’s an example of OPEC’s new steadfastness…
Petroleum industry’s total economic value for California—larger than 15 U.S. state economies A new economic study released today by The Los Angeles County Economic Development Corporation (LAEDC) details the oil…
- Over the last three weeks strong WTI spreads served as a key reminder of bullish fundamental expectations as flat price sold off sharply. This week’s collapse in prompt and…
Media coverage of the U.S. shale oil and gas industry makes it sound like the Permian is the only place where things are happening. Everybody is buying acreage in the…
As noted in Part I of this series, the downstream theft of hydrocarbons is a huge industry in Nigeria. As global oil prices rose above $100 a barrel in…
As soon as the export ban on oil - in force since 1973 - was lifted in America, producers started making global expansion plans. Oil was depressingly cheap, production was…
A new workers’ protest in Libya has shut down the country’s largest oilfield, creating yet another hurdle for a war-torn country as it struggles to rebuild its oil output. The…
India, the world’s third largest oil consumer, imports about 82 percent of its crude oil requirements, and meets just 18 percent of its demand through local sources. The Indian Government…
No doubt when faced with the question “Who’s the biggest oil guzzler in the world?” one would immediately think about the U.S. or China. Or perhaps India. Few of us,…
Although crude oil theft has long been the subject of intense media attention in Nigeria, the downstream theft of hydrocarbons has remained under the radar. Despite this, downstream hydrocarbon theft…
Will the Canadian oil producers rake in higher prices for their crude oil if they sell to Asia? Is the U.S. unfairly discounting Canada’s heavy crude oil stream – the…
2017 could be an “above-normal” year for large hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA), a potential problem for Gulf Coast oil drillers and refiners. NOAA
Cost cuts and efficiency—the two key ingredients of the U.S. shale’s recipe for surviving the worst of the downturn—have led to drillers now employing a growing number of rigs capable…
25 companies pre-qualified for upcoming lease sale The Comisión Nacional de Hidrocarburos (CNH), which will conduct the lease sale, has listed a total of 25 groups that have successfully pre-qualified…