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EIA Inventory Count Accelerates Oil Price Slide

EIA Inventory Count Accelerates Oil Price Slide

Oil prices continued to slide…

U.S-Saudi Clash Could Spell Disaster For OPEC

U.S-Saudi Clash Could Spell Disaster For OPEC

The Khashoggi case could have…

Energy / Crude Oil

U.S. Drillers Add 11 Rigs Despite Oil Price Correction

U.S. Drillers Add 11 Rigs Despite Oil Price Correction

Oct 12, 2018 at 12:19 | Julianne Geiger

Baker Hughes reported an 11-rig increase for oil and gas in the United States this week, bringing the total number of active oil and gas rigs to 1,063 according to…

China’s Oil Imports Jump To 4-Month High In September

China’s Oil Imports Jump To 4-Month High In September

Oct 12, 2018 at 10:58 | Irina Slav

China imported 9.05 million bpd of crude oil in September, for a total of 37.12 million tons, which was the highest rate of crude oil intake since May, Reuters…

EIA Inventory Count Accelerates Oil Price Slide

EIA Inventory Count Accelerates Oil Price Slide

Oct 11, 2018 at 10:23 | Irina Slav

The U.S. Energy Information Administration reported a build in commercial crude oil inventories of 6 million, speeding up an oil price decline prompted by a variety of factors, including…

EIA: Market Tightens As Outages From Iran, Venezuela Pile Up

EIA: Market Tightens As Outages From Iran, Venezuela Pile Up

Oct 10, 2018 at 17:49 | Julianne Geiger

Iran’s crude oil production fell by more than 400,000 per day from May 2018 to September, reaching an average of just 3.4 million barrels per day last month, according to…

Will Big Oil Ever Win Back Investors’ Trust?

Will Big Oil Ever Win Back Investors’ Trust?

Oct 10, 2018 at 17:01 | Irina Slav

Good news is flooding into the oil and gas industry, it seems. After reports of higher exploration budgets and various discovery announcements, here’s more: Big Oil’s total free cash flow…

BP Chief: Saudi Arabia Is Holding Back Production

BP Chief: Saudi Arabia Is Holding Back Production

Oct 10, 2018 at 12:02 | Irina Slav

“I think Saudi Arabia does have capacity that can bring to the market,” BP’s chief executive Bob Dudley told CNBC on Wednesday on the sidelines of the Oil &…

Saudis To Boost Oil Supply To India As Iran Sanctions Kick In

Saudis To Boost Oil Supply To India As Iran Sanctions Kick In

Oct 10, 2018 at 09:24 | Tsvetana Paraskova

Saudi Arabia is set to deliver extra 4 million barrels of its oil to India in November, Reuters reported on Wednesday, citing several sources familiar with the plans, in…

U.S. Crude Oil Exports Could Jump To Almost 4 Million Bpd By 2020

U.S. Crude Oil Exports Could Jump To Almost 4 Million Bpd By 2020

Oct 09, 2018 at 10:30 | Tsvetana Paraskova

U.S. crude oil exports could increase to 3.9 million bpd by 2020, mostly driven by rising production in the Permian, the Houston Chronicle reported on Tuesday, citing a new…

North Sea Oil & Gas Operating Costs Rose Last Year

North Sea Oil & Gas Operating Costs Rose Last Year

Oct 09, 2018 at 09:31 | Irina Slav

Production and operating costs of oil and gas field operators in the UK North Sea section went up by about 2 percent last year, the Oil and Gas Authority—the national…

North Sea Oil Renaissance Could Flop

North Sea Oil Renaissance Could Flop

Oct 08, 2018 at 13:35 | Irina Slav

Last year, when Oilprice wrote about a rush of investments into North Sea oil and gas, it looked like that part of the oil world was undergoing a seismic…

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