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Will Argentina's Oil Industry Survive This Crisis?

Will Argentina's Oil Industry Survive This Crisis?

Argentina’s oil industry is dealing…

Colombia’s Gamble On Oil Could End In Disaster

Colombia’s Gamble On Oil Could End In Disaster

The latest oil price collapse…

Energy / Crude Oil

When Will U.S. Shale Rebound To Pre-Pandemic Levels?

Jun 17, 2020 at 16:41 | Nick Cunningham

The rebalancing of the oil market has been possible, in part, due to the sharp cutbacks in U.S. shale production. But what happens next for the industry? 

Prospect Of Peak Oil Demand Puts Cap On Total Global Oil Reserves

Jun 17, 2020 at 13:56 | Rystad Energy

The 2020 release of Rystad Energy’s annual global energy outlook reveals that the Covid-19 downturn will expedite peak oil demand, putting a lid on exploration efforts in remote offshore areas…

U.S. Gasoline Prices Are Set To Spike This Summer

Jun 17, 2020 at 13:21 | Haley Zaremba

There is virtually no economic sector on Earth that has not been impacted by the spread of the novel coronavirus, but few have been as thoroughly battered as…

Why The $17.5 Billion Write-Down Is Just The Beginning For BP

Jun 17, 2020 at 13:03 | Leonard Hyman & William Tilles

BP, the British oil company, announced this week it would reduce the value of its oil and gas assets by $17.5 billion. Even though this represents a large potential asset…

The Oil & Gas Sector Could Already Be In Terminal Decline

Jun 17, 2020 at 11:50 | Robert Rapier

The fossil fuel industry has faced serious headwinds for several years, but the rise of renewables combined with the fall in consumption as a consequence of the global corona crisis…

Surprise Draw In Fuel Inventories Boosts Oil Prices

Jun 17, 2020 at 09:47 | Irina Slav

Oil prices recovered a bit on Wednesday morning after the Energy Information Administration reported an inventory build of 1.2 million barrels for the week to June 12. Fuel inventories,…

Saudi Arabia’s Oil Exports To The U.S. Set To Drop To 35-Year Low

Jun 17, 2020 at 08:58 | Tsvetana Paraskova

Saudi Arabia is significantly cutting its crude oil exports to the United States this month, with shipments likely to hit a 35-year low and reducing the overhang in U.S. oil…

India Looks To Double Oil Refining Capacity By 2030 

Jun 16, 2020 at 14:35 | Tsvetana Paraskova

The world’s third-largest crude oil importer, India, plans to double its refining capacity by 2030 from the current 5 million barrels per day (bpd), Oil Minister Dharmendra Pradhan said at a…

Exxon Forced To Curtail Production In Guyana

Jun 16, 2020 at 09:12 | Irina Slav

Exxon has reduced its crude oil production at the Liza offshore field in Guyana due to the risk of excessive flaring, according to the South American country’s regulator, as

The End Of The OPEC Deal Could Be The Start Of A New Oil Price War

Jun 15, 2020 at 15:03 | Haley Zaremba

Few markets have been hit harder by coronavirus than United States shale. While global oil prices as a whole have taken quite a beating from a fall in…

Germany Capitalizes On Crisis With Big Bet On Hydrogen

Jun 15, 2020 at 13:38 | Vanand Meliksetian

Decarbonization and the energy transition used to be a topic for environmentalists and leftist politicians. Not so long ago photovoltaic cells and wind turbines were produced on a…

Texas Oil Firms See Biden Presidency As The Biggest Threat To Growth

Jun 15, 2020 at 11:08 | Tsvetana Paraskova

Texas oil and gas executives have a lot on their minds right now, but their worst fear for the next twelve months is neither the recession nor the pandemic—it’s the…

Iraq Calls On Foreign Oil Companies To Cut Production

Jun 15, 2020 at 09:54 | Irina Slav

Iraq’s government has approached international oil companies operating some of its largest oilfields to reduce production further and they have agreed, Reuters reports, citing an unnamed source from the…

Asian Oil Markets Tighten After Saudi Aramco Cuts Supply

Jun 15, 2020 at 08:55 | Tsvetana Paraskova

Saudi Arabia’s oil giant Aramco has cut the crude oil shipments loading in July to at least five of its customers in Asia, Reuters reported on Monday, quoting sources…

OPEC+ Panel To Discuss Compliance With Oil Production Cuts

Jun 12, 2020 at 15:22 | Tsvetana Paraskova

An OPEC+ monitoring panel will meet next week to discuss the ongoing record production cuts to see how laggards in compliance are doing with making up for flouting…

U.S. Oil Rigs Dip Below 200 For First Time Since 2005

Jun 12, 2020 at 12:15 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week, by 5, to 279, with the total oil and gas…

Asian Buyers Are Scooping Up Dirt Cheap Oil Assets

Jun 11, 2020 at 14:00 | Irina Slav

When a week ago, Rystad Energy reported that the oil and gas industry was divesting more than 12 billion barrels of oil equivalent…

Is A Shale Comeback On The Horizon?

Jun 11, 2020 at 13:37 | Haley Zaremba

It’s been a tough year for U.S. shale. Even before the novel coronavirus pandemic pummeled oil markets, the shale revolution had been pronounced dead, with

Country With World’s Largest Oil Reserves Has Only One Rig Left

Jun 11, 2020 at 13:23 | Tsvetana Paraskova

The collapse in oil prices and the tightening U.S. sanctions against Venezuela have accelerated the decline of the oil industry in the country sitting on the largest crude oil reserves…

Trading Giant Books Record Profit During Oil Crisis

Jun 11, 2020 at 09:46 | Irina Slav

Commodity trading giant Trafigura reported a 27-percent increase in its net profit for the first half of its financial year, to March 31, citing strong physical trade in crude…

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