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Energy / Crude Oil

What's Behind This Oil Major's Surprising Strategy Shift

What's Behind This Oil Major's Surprising Strategy Shift

Dec 01, 2017 at 17:33 | Tsvetana Paraskova

Statoil will center its oil drilling efforts on its own backyard next year, in the waters offshore Norway. But unlike this year, the 2018’s exploration focus doesn’t involve looking for…

The Biggest Oil Producers Flying Under The Radar

The Biggest Oil Producers Flying Under The Radar

Dec 01, 2017 at 17:33 | Ron Patterson

This post covers recent C&C production and future prospects, with a bit on gas, for several mid-size non-OPEC producers. A few have been omitted (e.g. Canada, Kazakhstan, Egypt, UK) for…

OPEC Extension Sends Oil Prices Soaring

OPEC Extension Sends Oil Prices Soaring

Dec 01, 2017 at 13:00 | Tom Kool

Oil markets' initial reaction to yesterday's OPEC news was rather dull, however oil prices saw a sharp spike on Friday morning as the bulls returned to the mix. 

U.S. Shale To Surge After OPEC Extension

U.S. Shale To Surge After OPEC Extension

Nov 30, 2017 at 17:39 | Nick Cunningham

Just as expected: OPEC and the group of non-OPEC countries led by Russia extended their production cuts for an additional nine months through the end of 2018. “It’s been…

How Big Oil Is Transforming Shale

How Big Oil Is Transforming Shale

Nov 30, 2017 at 16:48 | Nick Cunningham

Shale drillers have successfully lowered their breakeven price over the past several years, but the industry is looking for more ways to cut costs. The oil majors are investing in…

BREAKING: OPEC Agrees To 9-Month Extension Of Oil Production Deal

BREAKING: OPEC Agrees To 9-Month Extension Of Oil Production Deal

Nov 30, 2017 at 09:46 | Tsvetana Paraskova

OPEC talks ended in Vienna on Thursday with an agreement to extend the production cut deal through the end of 2018, a delegate told Reuters. According to earlier reports, while…

The UAE Plans The Last Few Decades Of Its Oil Game

The UAE Plans The Last Few Decades Of Its Oil Game

Nov 29, 2017 at 15:08 | Zainab Calcuttawala

Abu Dhabi’s state oil company ADNOC will soon expand its investments to refineries abroad, a new report by Bloomberg indicates, suggesting the emirate is seeking to strengthen ties with…

Markets React Stoically To Crude Inventory Draw

Markets React Stoically To Crude Inventory Draw

Nov 29, 2017 at 09:45 | Irina Slav

The Energy Information Administration reported a 3.4-million-barrel draw in crude oil inventories for the week to November 24, countering the American Petroleum Institute’s estimate of a 1.82-million-barrel build…

OPEC Has Backed Itself Into A Corner

OPEC Has Backed Itself Into A Corner

Nov 28, 2017 at 16:54 | Tsvetana Paraskova

After months of talk and speculation regarding OPEC’s production cuts, the moment of truth is almost upon us—the cartel and its allies are meeting in Vienna this week to decide…

U.S. Oil Has One Fatal Weakness

U.S. Oil Has One Fatal Weakness

Nov 28, 2017 at 14:42 | Tsvetana Paraskova

U.S. crude oil production is again on the rise, and exports of American crude are smashing records. But most of the U.S. oil production is light tight oil, and American…

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