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Energy / Crude Oil

Iranian tanker

Iran Holds End Of Year Fire Sale For Crude Oil

Dec 18, 2019 at 13:56 | Julianne Geiger

If you’re looking for cheap crude oil and you are not worried about going against US sanctions, have we got a deal for you: Iran’s state-run oil company, the National…

Why Russia Agreed To Deeper OPEC+ Output Cuts

Why Russia Agreed To Deeper OPEC+ Output Cuts

Dec 18, 2019 at 09:03 | Tsvetana Paraskova

When Saudi Arabia and Russia sat down for official talks at the OPEC+ meeting in Vienna on December 6, they had already agreed to deeper production cuts, because days before…

Alekperov Putin

Lukoil: Russia’s Output Could Surpass 12 Million Bpd By 2035

Dec 17, 2019 at 11:27 | Tsvetana Paraskova

Russia’s crude oil and condensate production could rise to more than 12 million bpd by 2035, if global demand for liquid hydrocarbons continues to grow, Russia’s second-largest oil producer, Lukoil,…

Sohar oil tanks

IEA: An Oil Glut Is Inevitable In 2020

Dec 12, 2019 at 14:23 | Nick Cunningham

Despite the OPEC+ cuts, the oil market is still facing a supply surplus in 2020, according to a new report from the International Energy Agency (IEA). OPEC+ announced additional cuts…

india flag

Is This The Most Important Oil Price Driver In 2020?

Dec 12, 2019 at 11:57 | Tsvetana Paraskova

Even if the OPEC+ coalition manages to remove as much as 2.1 million barrels of oil per day from the market in the first quarter next year, oil prices…

OPEC

Is A New Price War Looming For OPEC?

Dec 12, 2019 at 11:47 | Robert Rapier

Last week OPEC, Russia and other oil-producing nations agreed to additional oil production cuts in an effort to support oil prices. Following the 177th Meeting of the…

Offshore rigs

IEA Pours Cold Water Over OPEC+ Optimism

Dec 12, 2019 at 09:07 | Irina Slav

Despite deeper OPEC+ production cuts, global oil supply will be about 700,000 bpd in excess of consumption in early 2020, the International Energy Agency said in its latest monthly

OPEC flag

OPEC Reduced Oil Production Ahead Of Deeper Cuts Decision

Dec 11, 2019 at 11:11 | Tsvetana Paraskova

OPEC’s crude oil production declined by 193,000 bpd in November from October, as the cartel’s leader Saudi Arabia cut production ahead of the OPEC+ meeting, Iraq tried to fall in…

Cushing

Oil Prices Fall On Bearish EIA Data

Dec 11, 2019 at 09:47 | Irina Slav

Crude oil prices moved lower today after the Energy Information Administration reported a crude oil inventory build of 800,000 barrels for the first week of December. Besides it, the…

Largest Oil Well

Argentina's Shale Boom Hits New Milestone

Dec 10, 2019 at 09:14 | Irina Slav

YPF, the Argentine state energy company, has drilled the longest horizontal oil well lateral, at 3,890 meters, or more than 12,700 feet, in the Vaca Muerta shale play, S&P Global…

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