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Energy / Crude Oil

Prepare For More U.S. Shale Mergers And Acquisitions

Oct 20, 2020 at 10:58 | Tsvetana Paraskova

The consolidation in the U.S. shale patch is picking up pace after the crash in oil prices earlier this year.    The latest big transaction in the…

A Slow Motion Oil Crisis Is Unfolding In The Carribean

Oct 19, 2020 at 14:02 | Haley Zaremba

There’s nothing quite like the feeling of uncertainty and dread right in the moments before a disaster of gargantuan proportions unfolds in front of our eyes. We might…

IMF Sees Oil Prices At $40-50 Next Year

Oct 19, 2020 at 11:03 | Tsvetana Paraskova

Oil prices are not expected to rise much next year, and will stay in the $40-50 a barrel range, putting additional pressure on the oil exporters in the Middle East,…

Oil Prices Fall As OPEC+ Discusses Demand Developments

Oct 19, 2020 at 09:06 | Tsvetana Paraskova

Oil prices were slightly down early on Monday as an OPEC+ panel is meeting virtually to discuss the latest supply and demand developments, while underwhelming economic data from China and…

Is This Europe’s Newest Oil & Gas Hotspot?

Oct 16, 2020 at 17:12 | Viktor Katona

When Michelangelo Merisi (also known as Caravaggio) left continental Italy for Malta in 1607 to escape the ramifications of a lethal sword fight, little did he know what…

U.S. Oil Rig Count Leaps Higher

Oct 16, 2020 at 12:15 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil rigs in the United States rose by 12 to 205—a gain that may push prices down further. The total number…

How Will Exxon’s Big Bet On Oil Play Out?

Oct 15, 2020 at 14:19 | Irina Slav

In a world of oil companies that are turning green to attract a new sort of investor, the world's once most valuable public oil company, Exxon, is somewhat…

Oil Giants Play It Cool As World’s Largest Crude Market Recovers

Oct 15, 2020 at 13:26 | Viktor Katona

The Asian market has moved into a state of cautious expectation. Although October is still only halfway through, one can state with a great degree of certainty that…

OPEC+ Discusses Stalled Demand Recovery, Return Of Libyan Oil

Oct 15, 2020 at 11:56 | Tsvetana Paraskova

A panel of the OPEC+ group is discussing on Thursday the current major downside risks to oil prices—the return of oil supply from Libya and the rising coronavirus cases that…

Iran’s Sanction Busting Pipeline Is Just Months From Completion

Oct 14, 2020 at 15:27 | Simon Watkins

With sanctions on Iran still in place following the U.S.’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA) in May 2018, Tehran has been relying on the tried-and-tested…

Russia: OPEC+ To Relax Oil Production Cuts Despite Second Wave

Oct 14, 2020 at 10:57 | Tsvetana Paraskova

The OPEC+ alliance is optimistic that it will be able to gradually ease production cuts from January as planned, despite surging coronavirus cases in many countries, Russia’s Energy Minister Alexander…

Could This Become The Next Big Shale Takeover?

Oct 14, 2020 at 10:05 | Irina Slav

ConocoPhillips is reportedly in talks with Concho Resources for a possible acquisition, which could become the third major deal in U.S. shale this year, after Chevron’s takeover of Noble Energy…

Saudi Aramco Sees Tighter Oil Markets In 2022

Oct 14, 2020 at 09:03 | Irina Slav

Aramco expects oil demand to rebound to pre-pandemic levels by 2022 while supply tightens, creating a deficit, the chief executive of the Saudi state energy giant told Energy Intelligence.…

Will Libya's Fragile Oil Truce Fall Apart This Week?

Oct 12, 2020 at 16:52 | Simon Watkins

The prospect of the return of the 1.2 million barrels per day (bpd) of crude oil that Libya was producing before the broad-based blockade of its energy infrastructure caused it…

How The New Conflict Between Armenia And Azerbaijan Threatens Oil Markets

Oct 12, 2020 at 12:02 | Vanand Meliksetian

Sunday the 27th of September 2020, fighting flared up again in the South Caucasus between Armenia and Azerbaijan. The most recent war has displaced tens of thousands of citizens in…

Libya Restarts Oil Production At Its Largest Oilfield

Oct 12, 2020 at 09:46 | Irina Slav

Libya has restarted production at its largest field, Sharara, as peace talks began between eastern and western forces. The national Oil Corporation announced it had lifted the force majeure…

Why Nuclear Fusion Remains Our Best Bet For 100% Clean Energy

Oct 09, 2020 at 16:56 | Alex Kimani

Long relegated to the trash heap of utopic clean energy technologies in the realm of harvesting energy from black holes, nuclear fusion is suddenly making a big…

Argentina’s Oil Boom Is Showing Signs Of Life

Oct 09, 2020 at 16:41 | Matthew Smith

After the devastating impact of the COVID-19 pandemic on its economy, there are signs that Argentina’s once burgeoning oil industry is coming back to life. Exploration and development…

Saudi Arabia May Not Want To Ease Output Cuts In January

Oct 09, 2020 at 09:05 | Charles Kennedy

Saudi Arabia is mulling over canceling a planned relaxation of OPEC oil production cuts due to enter into effect next January, the Wall Street Journal reported, citing senior oil…

Saudi Aramco Doubles Down On Oil During Worst Demand Crisis Ever

Oct 08, 2020 at 17:24 | Tsvetana Paraskova

The world's largest oil company, state-held Saudi Aramco, is looking to withstand the crisis created by the worst oil demand crash in history—by doubling down on oil.   Saudi Aramco…

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