Whether or not the U.S.…
Increased domestic offtake capacity and…
The world’s top crude exporter, Saudi Arabia, shipped the lowest volumes of oil in June for ten months as Saudi domestic consumption grew and Russia continued to take market share…
OPEC and the OPEC+ group have had reasons to be happy this week as Brent oil prices topped $87 per barrel. But the most recent rise in oil is…
The idea of U.S. energy independence remains a hot topic, even making an appearance at the recent presidential debate. Everyone seems to have an opinion on it, even…
Crude oil prices moved higher today after the U.S. Energy Information Administration reported an inventory decline of 12.2 million barrels for the week to June 28. The inventory change
China's government this week made a decisive step towards developing more of the country's oil and gas reserves, including unconventional ones. A new umbrella company grouping all the state majors…
It is likely to be around 100 degrees Fahrenheit this week in Iraqi Kurdistan’s capital of Erbil, but few regional commentators will doubt that many in the semi-autonomous region will…
Hurricane Beryl strengthened overnight to a powerful Category 5 storm as it churned in the Caribbean Sea. The Cat. 5 storm is the earliest on record in the Atlantic hurricane…
The chief executive of Ineos Energy has said the business will prioritise expansion in the US and Denmark over Britain, arguing that the…
Early June saw OPEC+ extend its 3.66 million barrels per day (bpd) of production cuts to the end of 2025. It also announced that it would extend another 2.2 million…
Mergers and acquisitions in the U.S. shale oil and gas space could lead to a decline in production, industry executives said in the latest edition of the Dallas Fed…
The United States on June 27 issued fresh sanctions against Iran in response to Tehran further expanding its nuclear program, U.S. Secretary of State Antony Blinken said in…
Impoverished South American country Guyana, once long ignored by the world, has emerged as a major global oil producer after supermajor Exxon made a swath of world-class discoveries in…
Namibia’s nascent oil industry is going from strength to strength following several discoveries that have provided great enthusiasm around the future of Namibian oil. The recent success of the industry…
Canada’s oil output is booming as producers ramp up projects and extraction amid expanded market access and narrowing discounts of the Canadian heavy crude to the U.S. benchmark. The Trans…
Italian oil major Eni SpA told the media today that it decided to sell two high quality upstream assets in Alaska. According to a press release on…
Crude oil prices ticked down today, after the U.S. Energy Information Administration reported an inventory build of 3.6 million barrels for the week to June 21. This compared with…
How about that Eagle Ford-EF, basin? Sometimes you would think that the only place that E&P companies cared about was the Permian. It gets all the attention and…
While last week’s rig count from Baker Hughes showed U.S. oil drilling activity still in a downward trajectory, hitting a 29-month low, Standard Chartered suggests that neither the output slowdown…
Brazil's oil production has started to recover following a plunge earlier this year as many offshore platforms underwent planned repairs and maintenance work. After a 25% drop in Brazilian output…
Saudi Aramco controls 259 billion barrels worth of oil and gas reserves, which is unmatched by any other company globally. This is a key factor in the company’s…