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Russia Gears Up To Boost Oil Production In July

Russia Gears Up To Boost Oil Production In July

According to export schedules and…

Energy / Crude Oil

Canada Bets On Trans Mountain Expansion To Sell Oil In Asia

Canada Bets On Trans Mountain Expansion To Sell Oil In Asia

Jun 08, 2018 at 17:01 | Tsvetana Paraskova

Canada may be the fourth largest producer and third largest exporter of oil in the world, but it has one sole customer of its oil—the United States. At the…

Pullback In Oil Prices Provides An Opportunity

Pullback In Oil Prices Provides An Opportunity

Jun 08, 2018 at 16:33 | Dan Dicker

The amazing compliance from OPEC members and Russia to production guidelines has drained the surplus from global supplies and brought oil prices up to trade in the mid-$60’s here in…

Iranian Oil Production Could Be About To Plunge

Iranian Oil Production Could Be About To Plunge

Jun 07, 2018 at 15:51 | Nick Cunningham

The European Union has vowed to maintain the Iran nuclear deal despite the U.S. decision to exit, and Brussels has pushed back against Washington’s attempts to penalize European companies from…

Venezuela Seeks OPEC Support Against U.S. Sanctions

Venezuela Seeks OPEC Support Against U.S. Sanctions

Jun 07, 2018 at 15:27 | Tsvetana Paraskova

Cash-strapped Venezuela is pleading with OPEC for solidarity against U.S. sanctions, a week after Iran also asked its fellow cartel members for support against the returning U.S. sanctions on Tehran.…

Venezuela’s Oil Meltdown Defies Belief

Venezuela’s Oil Meltdown Defies Belief

Jun 06, 2018 at 17:23 | Nick Cunningham

Venezuela might have to declare force majeure on its oil exports as production plunges and its ports are unable to ship enough crude. The ongoing meltdown in Venezuela’s oil sector…

Goldman: OPEC Must Raise Production

Goldman: OPEC Must Raise Production

Jun 06, 2018 at 13:20 | Tsvetana Paraskova

While many market participants view the recent talk of OPEC potentially raising oil production by as much as 1 million bpd as a bearish factor for oil prices, Goldman Sachs…

Oil Prices Slip As Inventories Increase Across The Board

Oil Prices Slip As Inventories Increase Across The Board

Jun 06, 2018 at 09:45 | Irina Slav

A day after American Petroleum Institute estimated a solid build in gasoline inventories that pressured West Texas Intermediate, the Energy Information Administration added to the bearish mood by reporting…

PDVSA Could Declare Force Majeure On Oil Exports

PDVSA Could Declare Force Majeure On Oil Exports

Jun 06, 2018 at 08:30 | Irina Slav

Venezuela’s state oil company may be forced to announce a force majeure on crude oil exports if clients awaiting delivery continue to refuse to accept new contract terms the company…

Will Saudi Arabia Listen To U.S. Demands For More Oil?

Will Saudi Arabia Listen To U.S. Demands For More Oil?

Jun 05, 2018 at 17:12 | Nick Cunningham

The Trump administration has sent a request to Saudi Arabia for it and the rest of OPEC to boost oil production by 1 million barrels per day (mb/d), according to…

New Technology Could Wipe Out Trillions In Fossil Fuel Investment

New Technology Could Wipe Out Trillions In Fossil Fuel Investment

Jun 05, 2018 at 16:58 | Irina Slav

We are living in a carbon bubble with trillions of dollars held in oil, gas, and coal assets that would be wiped out before long as technological advancements in all…

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