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OPEC Meeting Could End Without Decision

OPEC Meeting Could End Without Decision

The current disunity in OPEC…

Shale Shifts Attention To This ‘Forgotten’ Oil Play

Shale Shifts Attention To This ‘Forgotten’ Oil Play

As the Permian becomes overcrowded,…

Energy / Crude Oil

Europe Is Awash With Oil Stored On Ships

Europe Is Awash With Oil Stored On Ships

Jun 13, 2018 at 16:50 | Tsvetana Paraskova

While many analysts and agencies have already called the end of the global oil glut, oil held in floating storage in Europe is at an at least 18-month-high, also due…

Russia To Propose Rolling Back 1.8 Million Bpd Of Oil Cuts

Russia To Propose Rolling Back 1.8 Million Bpd Of Oil Cuts

Jun 13, 2018 at 14:06 | Tsvetana Paraskova

Russia plans to propose to the OPEC/NOPEC allies next week that they reverse the group’s production to the October 2016 levels—the baseline for the cuts of most pact participants when…

OPEC Lifts Non-OPEC Oil Production Growth Forecast

OPEC Lifts Non-OPEC Oil Production Growth Forecast

Jun 13, 2018 at 09:48 | Tsvetana Paraskova

OPEC revised up on Tuesday its 2018 forecast for total non-OPEC supply growth, while it left unchanged its projection for world oil demand growth at 1.65 million bpd this year.…

Oil Prices Rebound On Crude, Gasoline Inventory Draws

Oil Prices Rebound On Crude, Gasoline Inventory Draws

Jun 13, 2018 at 09:46 | Irina Slav

The Energy Information Administration reported a large crude oil draw of 4.1 million barrels for the week to June 8, after a 2.1-million-barrel increase a week earlier. A…

Is This The Most Contentious OPEC Meeting Yet?

Is This The Most Contentious OPEC Meeting Yet?

Jun 12, 2018 at 16:24 | Nick Cunningham

Both Saudi Arabia and Russia recently increased their oil production levels, an indication that they are getting a head start on higher output even as possible changes to the OPEC/non-OPEC…

Saudis Lift Oil Production To 10 Million Bpd

Saudis Lift Oil Production To 10 Million Bpd

Jun 12, 2018 at 09:31 | Irina Slav

Saudi Arabia pumped over 100,000 bpd of crude oil more in May, with daily production reaching 10 million bpd, officials from the country’s oil industry said, as quoted by…

Oil Majors Undeterred By Brazilian Turmoil

Oil Majors Undeterred By Brazilian Turmoil

Jun 11, 2018 at 17:01 | Nick Cunningham

Turmoil in Brazil didn’t scare away the oil majors from the country’s latest offshore auction, demonstrating Brazil’s allure to the industry. Brazil held an auction last week that attracted some…

Russia’s Oil Sector Is Facing A Massive Tax Overhaul

Russia’s Oil Sector Is Facing A Massive Tax Overhaul

Jun 11, 2018 at 16:47 | Irina Slav

A major tax overhaul in Russia’s oil industry is about to start pressuring the earnings of major oil companies. Refiners will be hit hardest as the overhaul will increase the…

OPEC’s Second Biggest Producer Faces Instability

OPEC’s Second Biggest Producer Faces Instability

Jun 11, 2018 at 11:59 | Tsvetana Paraskova

A month after Iraq’s general election on May 12, the political divides and bickering over the results threaten to plunge OPEC’s second-largest oil producer into an institutional and constitutional crisis.…

Geopolitical Tensions Reach Boiling Point Ahead Of OPEC Meeting

Geopolitical Tensions Reach Boiling Point Ahead Of OPEC Meeting

Jun 08, 2018 at 17:02 | Nick Cunningham

The upcoming OPEC meeting on June 22 is shaping up to be a contentious one, after news broke that the U.S. government asked Saudi Arabia to increase oil production before…

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