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U.S. Gulf Coast Oil Imports Hit 33-Year Low

U.S. Gulf Coast Oil Imports Hit 33-Year Low

The U.S. Gulf Coast saw…

Norwegian Oil Pioneer: Big Oil’s Exodus Has Started

Norwegian Oil Pioneer: Big Oil’s Exodus Has Started

Norwegian Oil CEO Erik Haugane…

Energy / Crude Oil

Oil Sands Production To Hit 4 Million Bpd By 2030

Oil Sands Production To Hit 4 Million Bpd By 2030

Jun 06, 2019 at 09:06 | Irina Slav

Crude oil production from Canada’s oil sands could rise by a million barrels from today’s average daily rate to as much as 4 million bpd in 2030 despite a slowdown…

How Oil Defeated The Nazis

How Oil Defeated The Nazis

Jun 05, 2019 at 17:00 | Gregory Brew

General Erwin Rommel, “the Desert Fox,” was reputedly the best tactician in the entire German Army. For years, he led his panzers across multiple campaigns in North Africa. But what…

This Giant Oil Field Just Hit An Impressive Production Record

This Giant Oil Field Just Hit An Impressive Production Record

Jun 05, 2019 at 11:37 | Tsvetana Paraskova

The giant Kashagan oil field in Kazakhstan hit a record-high oil production of 400,000 bpd on Tuesday, a few weeks after returning from planned maintenance, three sources familiar with the…

Oil Falls After Sharp Rise In Crude, Gasoline Inventories

Oil Falls After Sharp Rise In Crude, Gasoline Inventories

Jun 05, 2019 at 09:45 | Irina Slav

Crude oil price trended lower after the Energy Information Administration reported a weekly build in crude oil inventories, at a sizeable 6.8 million barrels. This compares with a

Russia Is Silently Preparing For An OPEC+ Deal Extension

Russia Is Silently Preparing For An OPEC+ Deal Extension

Jun 04, 2019 at 16:42 | Tsvetana Paraskova

Russia’s largest oil producer Rosneft is in talks with the government for possible compensation for losses in case OPEC and its Russia-led non-OPEC partners decide to extend the production cut…

Oil Prices Drop As Demand Concerns Weigh On Markets

Oil Prices Drop As Demand Concerns Weigh On Markets

Jun 04, 2019 at 09:33 | Tsvetana Paraskova

Oil prices were down early on Tuesday, with Brent Crude hitting its lowest level since January and WTI Crude at its lowest since February as trade disputes continued to weigh…

OPEC+ Has Only One Choice As Oil Prices Slide

OPEC+ Has Only One Choice As Oil Prices Slide

Jun 03, 2019 at 17:31 | Nick Cunningham

The meltdown for oil prices came to a halt, at least temporarily, after Saudi Arabia signaled that the OPEC+ production cuts would be sticking around for a little while longer.…

Is There Really An Oil Shortage?

Is There Really An Oil Shortage?

Jun 03, 2019 at 16:41 | Tsvetana Paraskova

“I am not sure there is a supply shortage,” Khalid al-Falih, the energy minister of the world’s top oil exporter and OPEC’s largest producer, Saudi Arabia, told Reuters in…

It’s Adapt Or Die For U.S. Refiners

It’s Adapt Or Die For U.S. Refiners

May 31, 2019 at 16:53 | Julianne Geiger

The downstream sector of the oil and gas market may be facing challenging times ahead as the demand picture for refined products such as diesel, gasoline, and petrochemicals is expected…

China’s Oil Industry Braces For Worst-Case Trade War Scenario

China’s Oil Industry Braces For Worst-Case Trade War Scenario

May 31, 2019 at 16:48 | Tsvetana Paraskova

As the U.S.-China trade war continues to escalate, Beijing and its energy giants appear to be bracing for a worst-case scenario where the spat would drag on for years…


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