Despite Congress passing new sanctions…
Crude oil prices moved lower…
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…
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…
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…
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…
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…
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…
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 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.…
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…
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…
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…
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…
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 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.…
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…
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…
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…
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,…
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 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…