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Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Despite Congress passing new sanctions…

Oil Moves Down on Crude Inventory Build

Oil Moves Down on Crude Inventory Build

Crude oil prices moved lower…

Energy / Crude Oil

Libya’s Oil Deal Turns Sour As Army Chief Threatens To Bomb Tankers

Jul 26, 2016 at 13:47 | Tsvetana Paraskova

The chief of staff of the Libyan army has warned foreign companies the army will fire at any non-Libyan tanker entering the country’s territorial waters. The warning…

Questionable Libyan Oil Deal Could Further Escalate Oil War

Jul 25, 2016 at 16:41 | Moutaz Ali

TRIPOLI--Tripoli-based National Oil Corporation of Libya (NOC) chairman Mustafa Sanalla has protested to the U.N. envoy to Libya Martin Kobler over a deal struck with militia strongman and…

Is This A Game Changer For The US Oil Industry?

Jul 25, 2016 at 10:19 | Dave Forest

Lots going on with global oil these days. Particularly in regards to shifting supply balances around the world. Data over the weekend showed that Iran is starting to draw down…

Is This The Next Big Headache For Oil Prices?

Jul 22, 2016 at 18:09 | Nick Cunningham

When oil analysts look at the markets to try to get a sense of where oil prices are heading, one of the great unknowns, at least in the…

Kazakhstan Moves Towards Becoming A Top 10 Oil Producer

Jul 22, 2016 at 17:50 | Global Risk Insights

Recently, a group of oil companies led by Chevron announced a $36.8 billion investment deal for the development of Kazakhstan’s Tengiz oil field. The sizable new investment is…

Why Is There A Gasoline Glut?

Jul 22, 2016 at 17:25 | Dan Dicker

Have you tried to drive anywhere recently? I mean, have you just gotten in your car, not necessarily at rush hour either, and tried to get to a…

Saudi Arabia Offers Hope For An Oil Price Rally

Jul 20, 2016 at 16:08 | Nick Cunningham

Crude oil prices hit a 10-week low on Tuesday, but one piece of data from Saudi Arabia could provide a glimmer of hope for those longing for an…

Algeria Plans To Boost Oil Output By 30%

Jul 19, 2016 at 12:38 | Lincoln Brown

Algeria has increased its oil output at the Hassi Messaoud and Ourhoud oil fields over the last few months in an effort to compensate for lost revenue.…

Who Really Won The Oil Price War?

Jul 18, 2016 at 16:05 | Global Risk Insights

The rise in oil prices over the past six months has come as a blessing for the battered U.S. shale producers. Oil prices have risen more than 50…

100,000 Barrels Offline As Libya Is Plagued By Strikes

Jul 18, 2016 at 10:10 | Tsvetana Paraskova

Production at Libya’s 100,000-bpd Sarir field has been halted after a protest over unpaid salaries had stopped exports at the eastern port of Hariga, Omran al-Zwai, spokesman…

New West Africa Energy Hotspot About To Go Online

Jul 15, 2016 at 17:51 | Daniel Stemler

Tullow Oil plc, recently announced that oil will begin flowing from one of its projects off the coast of Ghana by the end of the month. In its…

Inside China’s Failed $15 Billion Canadian Oil Sands Investment

Jul 15, 2016 at 17:24 | Rakesh Upadhyay

China’s ambitious entry into the Canadian oil-sands is not only turning out to be ill-timed, it is turning out to be grossly mismanaged, raising questions about the merit…

What You Missed In The Wood Mackenzie Report

Jul 15, 2016 at 17:07 | Dan Dicker

The latest report from Wood Mackenzie on U.S. and other non-OPEC oil exploration and production into 2025 is worthy of a very deep dive, because it gives terrific…

China’s Oil Output Tanks , Hits 4 Year Low

Jul 15, 2016 at 10:53 | Irina Slav

China’s crude oil output over the first half of the year stood at 101.59 million metric tons, down 4.6 percent and the lowest six-month figure since 2012, Bloomberg reports.…

Oil Is Facing The Perfect Storm

Jul 14, 2016 at 15:27 | Cassandra Legacy

Since at least the end of 2014 there has been increasing uncertainty over oil prices, from whether so-called “Peak Oil” has already happened, to matters of EROI (or…

This Big OPEC Member Might Be The Next Big Opportunity For Oilfield Services

Jul 14, 2016 at 10:42 | Dave Forest

There’s been a global trend toward privatization of natural resources the last several months. With lower commodities prices prompting governments like Saudi Arabia to raise cash through the sale of…

In World Of $50 Oil, Shale Beats Deepwater

Jul 13, 2016 at 16:18 | Nick Cunningham

U.S. shale is the lowest cost option for new oil production and is likely to be more competitive than conventional offshore drilling, according to a new report from…

EIA Reports 2.5M Barrel Draw To U.S. Crude Oil Inventories

Jul 13, 2016 at 09:52 | Charles Kennedy

The U.S. Energy Information Administration (EIA) has reported a 2.5-million-barrel reduction in U.S. crude oil inventories, once again in contraction with American Petroleum Institute (API) figures yesterday,…

Can OPEC Supply The Tighter Oil Market It Predicts?

Jul 12, 2016 at 16:51 | Nick Cunningham

OPEC expects oil demand to remain strong through 2017, but downgraded its assessment because of the Brexit result. In its latest monthly Oil Market Report for…

Kuwait Launches Ambitious Oil Privatization Plan

Jul 12, 2016 at 16:45 | Rakesh Upadhyay

Kuwait is going ahead with its proposed privatization plan, which includes offering a stake in its oil sector. Though the dates for the public offering haven’t been finalized…

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