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Energy / Crude Oil

Will We Really See An Oil Glut In 2020?

Will We Really See An Oil Glut In 2020?

Jul 29, 2019 at 11:49 | Nawar Alsaadi

There has been much talk lately about a potential oil glut in 2020, most notably by the IEA in their latest monthly oil report, but such predictions are…

Major Setback For EVs Could Delay Peak Oil Demand

Major Setback For EVs Could Delay Peak Oil Demand

Jul 24, 2019 at 17:04 | Nick Cunningham

Peak oil demand might be delayed as the U.S. and China scale back support for fuel efficiency and electric vehicles. Once thought of as far off into the future, forecasts…

Trump To Decide The Fate Of Venezuela's Oil Sector

Trump To Decide The Fate Of Venezuela's Oil Sector

Jul 24, 2019 at 17:00 | Nick Cunningham

Another slice of Venezuela’s oil production is at risk, and it is very much at the mercy of the U.S. government. When the Trump administration announced sanctions on Venezuelan oil…

Mexico’s Very Risky Energy Bet

Mexico’s Very Risky Energy Bet

Jul 24, 2019 at 14:54 | Irina Slav

Mexico’s new government came into power with promises to turn around the country’s oil industry and boost production after, it said, the previous government failed. Despite these promises and the…

Permian Producers Underreport Fracking Activity

Permian Producers Underreport Fracking Activity

Jul 24, 2019 at 09:05 | Irina Slav

Oil and gas producers in the Permian underreported their fracking activity by as much as 20 percent for 2018, energy-focused data analysis services provider Kayrros has reported.…

Heavy Oil Supply Crunch Cushions Canada From IMO 2020

Heavy Oil Supply Crunch Cushions Canada From IMO 2020

Jul 23, 2019 at 13:45 | Irina Slav

An increasingly tighter supply of heavy crude will in all likelihood help Canada’s oil industry weather the unfavorable effects of the so-called IMO 2020 rules, which stipulate a much lower…

Why Goldman Sachs Thinks Oil Should Be Trading Higher

Why Goldman Sachs Thinks Oil Should Be Trading Higher

Jul 22, 2019 at 17:24 | Nick Cunningham

Fears of weak oil demand are taking over the market, overshadowing tanker battles in the Persian Gulf, something that would have typically sent oil prices skyrocketing. However, demand may also…

Millions Of ‘Hidden’ Iranian Barrels Set To Hit Oil Markets

Millions Of ‘Hidden’ Iranian Barrels Set To Hit Oil Markets

Jul 22, 2019 at 11:19 | ZeroHedge

In what appears to be a gesture of contempt for Washington, Chinese companies have continued to import Iranian crude, but instead of reporting the crude imports, which would violate US…

What’s Behind The North Sea Spending Spree?

What’s Behind The North Sea Spending Spree?

Jul 19, 2019 at 17:46 | Tsvetana Paraskova

Emerging from one of the worst downturns in decades, one of the world’s oldest producing oil basins, the UK North Sea, is now taking a leaf out of U.S. shale’s…

Russian Crude Could Still Be Dirty By Mid-2020

Russian Crude Could Still Be Dirty By Mid-2020

Jul 19, 2019 at 17:44 | Julianne Geiger

As Poland’s biggest refiner publicly criticized the deteriorating quality of Russian oil, a suspect in the investigation into pipeline contamination that has severely disrupted Russian supplies is seeking asylum in…

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