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Breaking News:

Guaido Takes Strides To Topple Maduro

Oil Rebounds On Bullish Inventory Data

Oil Rebounds On Bullish Inventory Data

Oil prices recovered somewhat on…

Shale Jobs In Jeopardy Despite Oil Price Rally

Shale Jobs In Jeopardy Despite Oil Price Rally

Oil prices continue to rally,…

Energy / Crude Oil

Smart Money Is Piling Into Oil

Smart Money Is Piling Into Oil

Apr 09, 2019 at 17:28 | Nick Cunningham

Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. The most recent factor is the…

Shell Ventures Into China’s Shale Oil

Shell Ventures Into China’s Shale Oil

Apr 09, 2019 at 10:58 | Tsvetana Paraskova

Oil supermajor Shell has signed an agreement with China’s Sinopec to jointly study the potential development of shale oil in eastern China—one of the few international majors venturing into…

Has Brazil's Oil Boom Been Overstated?

Has Brazil's Oil Boom Been Overstated?

Apr 08, 2019 at 16:41 | Nick Cunningham

Recent hiccups for Brazilian oil supply call into question the growth projections for the country, with implications for the global oil market. Brazil’s oil production slipped by 65,000 bpd in…

Oil & Gas Discoveries On The Rise As Oil Majors Dive In

Oil & Gas Discoveries On The Rise As Oil Majors Dive In

Apr 08, 2019 at 10:31 | Rystad Energy

Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger bite of the conventional resources discovered in the first quarter, according to Rystad…

Nigeria Boasts Oil Production Cost of $23 Per Barrel

Nigeria Boasts Oil Production Cost of $23 Per Barrel

Apr 08, 2019 at 09:31 | Irina Slav

The average production cost for a barrel of oil in Nigeria has declined to just US$23 a barrel, Petroleum Minister Emmanuel Ibe Kachikwu told local media, adding that oil…

Platts Survey: OPEC Oil Production Down To More Than 4-Year Low

Platts Survey: OPEC Oil Production Down To More Than 4-Year Low

Apr 05, 2019 at 16:19 | Tsvetana Paraskova

Over-delivering Saudi Arabia and blackouts in Venezuela helped push OPEC’s crude oil production down by 570,000 bpd from February to 30.23 million bpd in March—the lowest production from the cartel…

Saudi Arabia Threatens To Drop Dollar For Oil Trades

Saudi Arabia Threatens To Drop Dollar For Oil Trades

Apr 05, 2019 at 10:15 | Irina Slav

Saudi Arabia has threatened the United States to stop using dollars for its oil trades in an attempt to discourage legislators from passing a bill dubbed NOPEC aimed at holding…

Russia Seeks New Arctic Oil Frontier

Russia Seeks New Arctic Oil Frontier

Apr 04, 2019 at 17:08 | Tsvetana Paraskova

Rosneft, Russia’s state-controlled oil company and the largest oil producer in the country, plans to develop an Arctic cluster of oil fields over the next five years. These plans by…

Why Oil Markets Need New OPEC+ Cuts

Why Oil Markets Need New OPEC+ Cuts

Apr 04, 2019 at 10:15 | Rystad Energy

As oil prices approach $70 a barrel, Rystad Energy expects that a short-lived price rally through the first half of 2020 will then lose momentum and be…

Canadian Wildcatters Win Big On Alberta’s Oil Cuts

Canadian Wildcatters Win Big On Alberta’s Oil Cuts

Apr 03, 2019 at 16:57 | Irina Slav

The last year or so has not been kind to Canadian oil producers. Output has been rising as international prices stabilized at higher levels, but pipeline capacity has not changed,…

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