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Oil Prices Fall On Significant Crude Build

Oil Prices Fall On Significant Crude Build

Oil prices fell on Wednesday…

Energy / Crude Oil

Saudi Arabia Halts Oil Shipments At Key Chokepoint

Saudi Arabia Halts Oil Shipments At Key Chokepoint

Jul 26, 2018 at 09:12 | Irina Slav

Saudi Arabia halted crude oil and oil product shipments via the Bab el Mandeb chokepoint in the Red Sea after a Houthi attack on two Saudi tankers near the port…

China’s CNPC To Invest $22 Billion In New Oil Frontier

China’s CNPC To Invest $22 Billion In New Oil Frontier

Jul 25, 2018 at 12:04 | Tsvetana Paraskova

China National Petroleum Corporation (CNPC) will invest the equivalent of more than US$22 billion by 2020 on boosting its oil and gas production in the western region of Xinjiang…

Oil Markets Stabilize On Major Crude Draw

Oil Markets Stabilize On Major Crude Draw

Jul 25, 2018 at 09:43 | Irina Slav

A day after the American Petroleum Institute pushed prices up by surprising the market with a draw across the crude oil and fuels inventory board, the Energy Information Administration…

Colorado’s Shale Boom Threatened By Ballot Initiative

Colorado’s Shale Boom Threatened By Ballot Initiative

Jul 24, 2018 at 12:47 | Tsvetana Paraskova

There’s a good chance that a ballot initiative to significantly expand the buffer zones between oil and gas wells and homes and other buildings could be up for voting by…

Can China Replicate The U.S. Shale Boom?

Can China Replicate The U.S. Shale Boom?

Jul 24, 2018 at 09:08 | Irina Slav

The world’s largest gas importer is also home to the world’s largest reserves of shale gas—gas that is just sitting there, at least for now. China has been struggling to…

Anti-OPEC Bill Could Be A Game-Changer For Oil Markets

Anti-OPEC Bill Could Be A Game-Changer For Oil Markets

Jul 23, 2018 at 12:51 | Tim Daiss

In its effort to wrest more control over global oil markets away from foreign producers, Congress has been pushing a bill that would let the U.S. sue OPEC for oil…

Sri Lanka Looks To Pay For Iranian Crude With Tea

Sri Lanka Looks To Pay For Iranian Crude With Tea

Jul 23, 2018 at 12:39 | Julianne Geiger

Sri Lanka will pay down its oil debt held by Iran with tea in response to new regulations that Sri Lanka has issued in order to comply with a UN…

Is The Oil World In Panic Mode?

Is The Oil World In Panic Mode?

Jul 22, 2018 at 09:57 | Dan Dicker

Oil markets have shown tremendous weakness in recent days, losing nearly seven dollars before rallying back a bit on Thursday. What’s causing it? Market analysts have been struggling to find…

UK Natural Gas Production Falls As Usage Climbs

UK Natural Gas Production Falls As Usage Climbs

Jul 20, 2018 at 14:23 | Ron Patterson

UK C&C It was expected by many, me included but more importantly UKOGA and a couple of the bigger oil and gas consultancies, that UK offshore oil production would increase…

Norway Oil Strike Ends Just As Another Is Set to Begin

Norway Oil Strike Ends Just As Another Is Set to Begin

Jul 20, 2018 at 14:11 | Damir Kaletovic

Britain’s largest workers union, Unite the Union, threatened strike action on Equinor’s Mariner oil platform, the union said on Friday, and yet another strike on Total’s North Sea fields is…

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