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Why Is Big Oil So Excited About Alaskan Crude?

Why Is Big Oil So Excited About Alaskan Crude?

Alaskan officials have just published…

Crude-By-Rail Could Save The Permian Boom

Crude-By-Rail Could Save The Permian Boom

Crude-by-Rail (CBR) has been a…

Energy / Crude Oil

Goldman Sachs Expects “Very, Very Tight” Oil Market

Goldman Sachs Expects “Very, Very Tight” Oil Market

Aug 06, 2018 at 11:56 | Tsvetana Paraskova

Oil demand continues to be strong and the oil market is “eating very quickly” through OPEC’s spare capacity, so we are going into a “very, very tight oil market,” Michele…

Something Strange Is Happening In The Saudi Oil Patch

Something Strange Is Happening In The Saudi Oil Patch

Aug 06, 2018 at 09:32 | Irina Slav

Saudi Arabia may have started to fill up its oil tanks, export and domestic consumption data suggests, as cited by Bloomberg’s Julian Lee. Traditionally, the summer months are the season…

Venezuela Sends More Crude To The U.S. Despite Production Woes

Venezuela Sends More Crude To The U.S. Despite Production Woes

Aug 03, 2018 at 17:03 | Irina Slav

Despite a persistent decline in crude oil production, Venezuela has seen its exports of crude to its biggest market, the United States, climb since February this year. In fact, between…

OPEC Oil Production Surges 340,000 Bpd As Saudis Pump Near Record

OPEC Oil Production Surges 340,000 Bpd As Saudis Pump Near Record

Aug 03, 2018 at 17:01 | Tsvetana Paraskova

OPEC’s crude oil production jumped by 340,000 bpd in July from June, as the cartel’s leader Saudi Arabia pumped near-record volumes and the close Saudi allies in the Gulf boosted…

The U.S. Oil Production “Mirage”

The U.S. Oil Production “Mirage”

Aug 02, 2018 at 16:42 | Nick Cunningham

Some of the surge in U.S. oil production this past spring might have been “a mirage.” On July 31, the EIA released monthly data on U.S. oil production, which…

Russia Reverses Almost All Its Oil Production Cuts

Russia Reverses Almost All Its Oil Production Cuts

Aug 02, 2018 at 11:58 | Tsvetana Paraskova

Russia opened the spigots in July and pumped its highest level of oil since the OPEC+ agreement entered into force in January 2017. At 11.215 million bpd, Russia’s oil…

A New Booming Market For U.S. Crude Exports

A New Booming Market For U.S. Crude Exports

Aug 02, 2018 at 10:39 | Matt Smith

The VLCC Tianjin left the Corpus Christi lightering zone in the Gulf of Mexico on June 19 with nearly 2.1 million barrels of US WTI / Midland WTI crude on…

Brazil Reports Record Oil Exports

Brazil Reports Record Oil Exports

Aug 02, 2018 at 09:24 | Irina Slav

Crude oil exports from Brazil hit an all-time high in July, at 8.1 million tons, which was a 50-percent increase on the year and a threefold improvement on the month,…

The Next Trade War Escalation Will Hit U.S. Oil

The Next Trade War Escalation Will Hit U.S. Oil

Aug 01, 2018 at 16:40 | Nick Cunningham

The Trump administration is considering another ramp up of the trade war with China, a move that could begin to rattle the global economy. The Wall Street Journal reports…

U.S. Oil Production Isn’t Growing As Fast As Expected

U.S. Oil Production Isn’t Growing As Fast As Expected

Aug 01, 2018 at 13:52 | Tsvetana Paraskova

U.S. crude oil production is growing, but at a slower pace than predicted. American oil production in May actually inched down from April by 0.3 percent, according to EIA’s Monthly…

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