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The Biggest Threat To Brazil’s Oil Boom

The Biggest Threat To Brazil’s Oil Boom

Brazil’s oil industry has had…

OPEC Well Completions Dip In 2021

OPEC Well Completions Dip In 2021

The number of completed wells…

Energy / Crude Oil

Why The West Shouldn’t Expect More Oil From Saudi Arabia

May 27, 2022 at 15:50 | Irina Slav

In December 2016, OPEC, Russia, and several other non-OPEC producers sealed a historic deal. For the first time in 15 years, there would be oil production cuts. At…

U.S. Oil Rigs Dip For First Time In 9 Weeks

May 27, 2022 at 12:13 | Julianne Geiger

The number of total active drilling rigs in the United States fell by 1 this week, after the 14 rig increase in the week prior, according to new data from…

Russia Sends Record Volumes Of Oil To India, China

May 27, 2022 at 10:49 | Tsvetana Paraskova

While Europe shuns Russian oil amid sanctions and expectations of an oil embargo on Russian oil imports, India and China have stepped up purchases and are importing record volumes of…

Permian Frackers Blame Supply Chain Bottlenecks For Stymied Growth

May 26, 2022 at 11:35 | Irina Slav

Rising rig counts, record forecast production from the Delaware Basin, and another forecast for record production for the whole Permian from the EIA are just some of the…

Novak Sees Russia Oil Output Shrinking 8%

May 26, 2022 at 07:50 | Irina Slav

Crude oil production in Russia could shrink by up to 8 percent this year, Deputy Prime Minister Alexander Novak said today, as quoted by RIA Novosti. The total oil…

Could Iraq Dethrone Saudi Arabia As Largest Oil Producer?

May 25, 2022 at 14:30 | Simon Watkins

Iraq’s Oil Minister, Ihsan Abdul-Jabbar, last week stated that the country aims to increase its crude oil production to 6 million barrels per day (bpd) by the end…

On Rises Small Gasoline, Crude Draw

May 25, 2022 at 09:38 | Irina Slav

Oil prices rose today after the Energy Information Administration reported crude oil inventories in the country had shed 1 million barrels in the week to May 20. At 419.8…

Russia's Oil Export Loophole Runs Through Greece

May 24, 2022 at 14:48 | Alex Kimani

Last month, we reported that India had doubled down on Russian oil after the west slapped a chain of sanctions on Moscow. India has never been a big buyer of…

Germany Expects Oil Embargo Decision This Week

May 24, 2022 at 09:12 | Irina Slav

The European Union is about to agree on a Russian oil embargo within days, Germany's Economy Ministry Robert Habeck told media. "We will reach a breakthrough within days," Habeck told…

Biden Calls Energy Crisis "Incredible Transition"

May 24, 2022 at 08:48 | Charles Kennedy

President Biden came under fire from fellow politicians this week after he called the record-high retail fuel prices in the U.S. part of "an incredible transition" away from oil…

What Will It Take For Hungary To Agree On A Russian Oil Embargo?

May 23, 2022 at 10:06 | City A.M

Hungary has maintained its demands for energy investment before it agrees to a Russian oil embargo with its Western allies. “Solutions first, sanctions afterward,” Hungary’s Justice…

Germany Wants Russia Oil Embargo, With Or Without Hungary

May 23, 2022 at 09:36 | Irina Slav

Germany is willing to cut Hungary out of an EU-wide agreement on a crude oil embargo against Russia, Economy Minister Robert Habeck told German media today. "If the Commission president…

Permian Drillers Lead The Charge As Rig Count Climbs

May 20, 2022 at 12:16 | Julianne Geiger

The number of total active drilling rigs in the United States rose by 14 this week, on top of the 9 rig increase in the week prior, according to new…

Slew Of New Discoveries Brings UAE Closer To Production Goals

May 20, 2022 at 12:13 | Cyril Widdershoven

At a time that global oil markets are worried about a demand-supply crunch, especially when looking at low spare production capacity and divestments of IOCs, Abu Dhabi’s oil…

Five Major Challenges Facing The Energy Industry

May 20, 2022 at 10:27 | Irina Slav

Record-high prices at the pump, a looming diesel shortage right when the summer season is starting, and an uncooperative OPEC are probably reasons for many headaches among government…

Oil Market Fears Recession More Than Tight Fuel Inventories

May 20, 2022 at 10:21 | Tsvetana Paraskova

The oil market wrapped up another volatile week of hectic trading, swinging up and down in a $5 a barrel range as it was pulled between bullish and…

Top Producing Oil Play In The Permian Set To Break Records In 2022

May 19, 2022 at 10:52 | Rystad Energy

Total hydrocarbon production in the Permian Delaware Basin, the top-producing play in the Permian, will hit a record 5.7 million barrels of oil equivalent per day (boepd) average…

Can Russia Actually Find Other Buyers If EU Moves Forward With Oil Embargo?

May 19, 2022 at 10:31 | City A.M

Russia is prepared to send any supplies rejected by European countries to other regions such as Asia, if the European Union (EU) brings in an oil embargo, warned…

Energy Industry Warns of Jump in Cyberattacks, Severe Vulnerabilities

May 19, 2022 at 08:27 | Irina Slav

Energy industry executives are bracing up for an increase in cyberattacks over the next two years, research from DNV among 940 respondents from around the world has revealed. According…

Oil Prices Move Higher On Bullish EIA Inventory Data

May 18, 2022 at 09:36 | Irina Slav

Crude oil prices moved higher today after the Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to May 13. At 420.8 million…

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