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Energy Stocks Rally Under The Radar

Energy Stocks Rally Under The Radar

Big Oil is trumping the…

Oil Moves Higher on Fuel Inventory Draws

Oil Moves Higher on Fuel Inventory Draws

WTI crude rallied above $86…

Energy / Crude Oil

This Oil Major Just Circumvented Sanctions On Iran

Nov 29, 2016 at 10:23 | Dave Forest

Iran is now officially pre-qualifying E&Ps for an offering round of oil and gas projects. Putting fields up for bids to foreign operators for the first time in years. But…

Saudi Arabia Is Willing To Sink The OPEC Deal

Nov 28, 2016 at 17:01 | Nick Cunningham

After two months of trying to convince its OPEC peers to get on board with a production cut, it could end up being Saudi Arabia that walks away from a…

Shell Considering Dumping Its Iraqi Oil Fields

Nov 28, 2016 at 14:24 | Julianne Geiger

Royal Dutch Shell is considering exiting its positions in Iraqi oil fields, according to industry sources cited by Reuters. Shell, which declined to comment, is the world’s top…

Oil Comes Back To Life In Canada

Nov 25, 2016 at 16:17 | Oil & Gas 360

Canada is expecting a 31 percent increase in the number of wells drilled in 2017: CAODC Two years after the collapse in oil prices forced the oil and gas industry…

Saudis Cling To Market Share By Ramping January Oil Exports To Asia

Nov 25, 2016 at 09:35 | Irina Slav

Amid talks for an OPEC-wide production cap, Saudi Aramco is planning to export more crude to Asia in January, according to three unnamed sources from the client side who

Japan Is Aggressively Buying Up Oil And Gas Around The World

Nov 24, 2016 at 14:51 | Dave Forest

This coming year could be a surprisingly exciting time for oil and gas developers. Yes, energy prices are depressed right now. But not everyone sees that as a negative. In…

What Happens To Oil If Trump Tears Up Iran Nuclear Deal

Nov 23, 2016 at 15:48 | Nick Cunningham

U.S. President-elect Donald Trump has vowed to rip up the Iranian nuclear agreement on Day 1, and reimpose sanctions on Iran. The move could potentially have far-reaching consequences for the…

OPEC Insider: ‘’Everyone Could Be On Board Today’’

Nov 22, 2016 at 10:31 | Irina Slav

OPEC’s High-Level Technical Committee, which is meeting in Vienna to discuss the implementation of the proposed group-wide production cap, could be done by the end of the day today, a…

Trump’s Saudi Oil Threat Is A Hollow One

Nov 18, 2016 at 16:39 | Irina Slav

This week we had the questionable pleasure of reading about Saudi Arabia’s Oil Minister pointing a finger at President-elect Donald Trump for his threats to suspend Saudi crude oil…

Bakken Oil Production Continues To Slide

Nov 18, 2016 at 16:12 | Ron Patterson

Bakken oil production was down 10,119 barrels per day in September and all North Dakota production was down 10,353 bpd in September. Bakken production continues to decline, though…

Oil At A Crossroads Ahead Of OPEC’s Vienna Meeting

Nov 18, 2016 at 15:41 | Jim Hyerczyk

Crude oil futures traders experienced high intraday volatility and a two-sided trade most of the week as expectations of an OPEC deal to limit production helped underpin the market and…

OPEC: Iran Must Cap Output At 3.9 Million Bpd

Nov 18, 2016 at 10:20 | Irina Slav

OPEC’s eagerly awaited production cut agreement may have just gotten even harder to reach as OPEC members meeting in Doha are now asking Iran to freeze its output at 3.92…

Why The Permian Just Got Even Hotter

Nov 17, 2016 at 16:50 | Nick Cunningham

The U.S. Geological Survey just published an assessment of oil reserves for a section of the Permian Basin, revealing the largest estimate of continuous oil that the agency has…

Are The Saudis About To Reveal The Best Kept Secret In Oil?

Nov 16, 2016 at 16:39 | Nick Cunningham

One of the oil world’s longest and best kept secrets may finally be revealed. Saudi Arabia is preparing to unveil how much oil it holds, a closely guarded state secret…

Saudi Arabia Issues Warning To Trump: Don’t Stop Saudi Oil Imports

Nov 15, 2016 at 17:01 | Zainab Calcuttawala

President-elect Donald Trump jeopardizes the global economy through his promises to block Middle East oil imports for the purpose of creating an energy independent United States, according to petrostate…

Oil Guru Sees OPEC Dissolve If Deal Fails

Nov 15, 2016 at 16:15 | Irina Slav

The nearer the OPEC November 30 deadline draws, the more critical its decision gets. In fact, it may well be a case of life or death for the once-reigning oil…

Saudi Arabia And Russia To Meet Ahead Of OPEC Meeting

Nov 15, 2016 at 15:36 | Tsvetana Paraskova

Saudi Arabia’s Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak are said to be heading to Qatar later this week for an unscheduled meeting, according to industry sources…

Iran Surprises OPEC With A Further 250,000 Bpd Increase

Nov 14, 2016 at 16:18 | Michael McDonald

President of Iran, Hassan Rouhani, was poised to announce on Sunday that the nation has increased oil production by 250,000 barrels per day. This was accomplished through the creation…

Chinese Oil Production Collapses To 7-Year Low

Nov 14, 2016 at 14:57 | Oil & Gas 360

Uncertainty over oil prices is hurting Chinese oil production Daily oil production in China – the world’s second-largest crude consumer after the United States – fell to a seven-year low…

Iran Nears Pre-Sanction Levels, Starts Pumping Oil At 3 New Fields

Nov 14, 2016 at 10:14 | Irina Slav

Three new oilfields in Iran were put in production mode this weekend at an official ceremony, adding more than 220,000 bpd to the country’s total output. The fields are…

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