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Demand Concerns Drive Oil Markets

Demand Concerns Drive Oil Markets

WTI crude futures are trading…

Energy / Crude Oil

Oil Markets Unmoved By Modest Inventory Build

Oil Markets Unmoved By Modest Inventory Build

Jan 30, 2019 at 09:41 | Irina Slav

As international prices inched up in the aftermath of Washington’s latest sanctions against Venezuela, the Energy Information Administration reported a build in crude oil inventories for the week to…

U.S. Seeks To Cripple Venezuela’s No.1 “Vehicle For Embezzlement’’

U.S. Seeks To Cripple Venezuela’s No.1 “Vehicle For Embezzlement’’

Jan 29, 2019 at 17:48 | Nick Cunningham

The Trump administration stepped up its effort at regime change in Venezuela on Monday, announcing sanctions intended to cripple the country’s oil sector. The U.S. government will bar most transactions…

New Exploration Tech Finds 1.5 Billion Barrels Of Oil In Alaska

New Exploration Tech Finds 1.5 Billion Barrels Of Oil In Alaska

Jan 29, 2019 at 14:11 | Irina Slav

Digital technology adoption in all stages of upstream operations in the oil and gas industry has seen a steep rise recently. While a lot has been written about the benefits…

Why Libya’s Largest Oil Field Remains Shut Down

Why Libya’s Largest Oil Field Remains Shut Down

Jan 29, 2019 at 12:25 | Tsvetana Paraskova

Libya’s largest oil field, Sharara, will not reopen until the armed group that has been occupying it for nearly two months backs down and leaves, the chairman of the National…

What’s Behind The Sudden Rise In Chinese Oil Demand?

What’s Behind The Sudden Rise In Chinese Oil Demand?

Jan 28, 2019 at 14:09 | Tsvetana Paraskova

China’s crude oil demand has picked up this month, as independent refiners are looking to buy more crude for March and April delivery to restock supplies while oil prices are…

Venezuela Will Continue Exporting Crude To U.S.: Maduro

Venezuela Will Continue Exporting Crude To U.S.: Maduro

Jan 28, 2019 at 11:00 | Irina Slav

Venezuela will continue trading with the United States despite the fact Washington broke off diplomatic relations following president Nicolas Maduro’s inauguration for a second term in office, which the U.S.…

A Rare State Of Affairs For Refiners

A Rare State Of Affairs For Refiners

Jan 25, 2019 at 17:28 | Nick Cunningham

The global oil market appears to be well-supplied, even as the OPEC+ production cuts begin to whittle away at excess barrels. But while crude may be ample, there are growing…

Is This A Buy Signal For Crude Oil Futures?

Is This A Buy Signal For Crude Oil Futures?

Jan 25, 2019 at 17:25 | Martin Tillier

A basic review of the chart for oil futures (CL) suggests that crude is about to take off. Whether the next move from here is up or down, providing a…

Chinese Solar Giant: “The Party Is Definitely Over”

Chinese Solar Giant: “The Party Is Definitely Over”

Jan 25, 2019 at 17:22 | Tim Daiss

Just like in most things energy related, including crude oil imports, natural gas and LNG imports, coal usage and even nuclear power, China’s massive population and its economic heft also…

Crude Rally On Hold

Crude Rally On Hold

Jan 25, 2019 at 17:19 | Jim Hyerczyk

U.S. West Texas Intermediate crude oil futures are trading higher on Friday, however, the market is still in a position to close lower for the week. The market opened on…

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