AI and other tech could…
U.S. shale oil production could…
Over the last decade, the United States has established itself as the world’s top producer of crude oil, surpassing Saudi Arabia and Russia.…
Oil prices have continued trading in a narrow range in the new year with fears about weak fundamentals and the threat of a recession outweighing geopolitical risks. Last week, Commodity…
ExxonMobil’s drilling plans offshore Guyana have angered Venezuela and risk escalating the dispute between the two South American neighbors over Venezuela’s claim on a large part of Guyana’s oil-rich Essequibo…
The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday. The total rig count…
As most of you know, while I do invest in stocks in the energy space, and occasionally give you my opinion of individual security based on the research I do…
Some private oil producers in the Permian will hit the brakes on output growth as they have been acquired by large publicly traded companies, which now value returns to shareholders…
Last year, U.S. crude production surged to all-time high, blunting efforts by OPEC+ to keep global markets constrained, and Energy Intel has predicted that robust non-OPEC oil supply is
Crude oil prices rose today shortly after the Energy Information Administration reported an inventory increase of 5.5 million barrels for the week to February 2. This compared with…
If you’re wondering what factors influence the price of your weekly grocery bill, you’ll need to look a bit further than general inflation and corporate greed. Yes, those…
Money managers have become increasingly bullish on crude oil amid the geopolitical tensions in the Middle East and growing confidence that the U.S. will successfully avoid a recession this year.…
Perhaps no subject in the complex world of global oil involves so many intricate moving parts as the extraordinary relationship between the Federal Government of Iraq (FGI), based in Baghdad,…
European imports of crude oil from the Middle East are falling amid continued tension in the Red Sea off the coast of Yemen. Luckily, there is an alternative: the Atlantic…
Until a few days ago, two key factors had kept oil prices down since the beginning of the Israel-Hamas War on 7 October 2023. The first was the exceptionally accomplished…
In 1943 President Franklin Roosevelt declared that "the defense of Saudi Arabia is vital to the defense of the United States." The reason: Ten years earlier the desert kingdom had…
When last October Hamas attacked Israel, oil prices jumped higher, as always happens when armed conflict breaks out in the Middle East. Just a week or so later, however, prices…
Since Saudi Arabia’s announcement that it is scrapping plans to expand its oil production capacity by 1 million barrels per day (bpd), speculation has flourished about the reasons behind the…
Via The Cradle The Finance Committee in the Iraqi parliament made a statement on Wednesday calling for the sale of…
Last year, global oil demand grew at a blistering pace with 2023 consumption exceeding the previous year’s by more than 2 million barrels per day. A number of energy agencies…
When Kinder Morgan first announced its plans to expand the capacity of the Trans Mountain oil pipeline from 300,000 bpd to 890,000 bpd, it probably thought it was another major…
Despite embracing a green transition through the introduction of ambitious climate pledges, Canada continues to produce large quantities of highly polluting oil sands. Oil production has long contributed to Canada’s…