A new study reveals that…
Big Oil is trumping the…
Amid supply disruptions in Libya and strengthening expectations of an OPEC production cut extension, the Energy Information Administration reported commercial oil inventories in the U.S. had gone up by…
The Dakota Access pipeline is ready to start shipping crude oil from North Dakota’s Bakken play south to Illinois, project operator Energy Transfer Partners said in a regulatory filing…
Historic week in the oil and gas industry. With one of the world’s most well-known exploration destinations unveiling a slate of next-generation projects. The U.K. offshore. Late last week, the…
The recent drop in oil prices, which has almost wiped out the price gains since OPEC announced its supply-cut deal, is coming just ahead of the spring season when banks…
OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale. Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp.,…
Italian oil company Eni drilled the first well by an international oil company in Mexican waters, and on March 23 they said the well indicated a “meaningful” volume of oil.…
I know that many of the oil analysts out there have gone weak on me. Unable to believe in the inevitable re-balancing of the oil market, they continue to see…
From casual observation, one might be forgiven for referring to the OPEC production cut in place since November 2016 as the “Saudi production cut.” That’s because Saudi Arabia, OPEC’s leading…
PetroChina may be considering a spinoff for its oil and gas pipeline business, which could be worth as much as $85 billion, according to investment analysts. The suggestion has…
Amid growing worry about the direction that oil prices are heading into, the Energy Information Administration reported a 5-million-barrel build in U.S. commercial oil inventories for last week, bringing…
China’s independent refiners known as teapots have used up the amount of imported crude that the government allocated to them in January, which means imports are likely to slow down…
All data below is in thousand barrels per day and is through February 2017. (Click to enlarge)OPEC crude oil production…
A problem for the U.S. shale oil and gas industry that analysts and observers have warned about for a long time has materialized: there is a shortage of workers. According…
Spanish oil firm Repsol SA just announced the largest onshore oil discovery in the U.S. in three decades, a 1.2 billion barrel find on Alaska’s North Slope. Repsol has…
(Click to enlarge)The future output from the light tight oil (LTO) sector of the U.S. oil industry is the subject of much…
North Dakota has published January production data for the Bakken and for all North Dakota. (Click to enlarge)Bakken…
Though OPEC has managed to achieve a high standard of compliance, it has mostly been due to the oversized cut by the largest member of the group—Saudi Arabia. Meanwhile,…
U.S. oil refiners are going global. That’s the message that has been coming from the industry over the past year when a lot of refining capacity abroad was shut down…
In a rather unconventional warning, Continental Resources chief executive Harold Hamm said on Wednesday that should the U.S. oil industry embark on another spending spree, it could “kill” the market.…
Shell has struck a deal to sell all its oil sands production assets in Canada, except for a 10-percent stake in the Athabasca Oil Sands Project, as part of…