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Energy / Crude Oil

Cambodia’s Only Oil-Producing Company Is About To Go Bust

Jun 10, 2021 at 14:12 | Charles Kennedy

Just a few months after pumping its first-ever oil, Cambodia's just-launched oil production faces an uncertain fate after the government's partner in the operations filed for liquidation amid inability to…

Canada’s Oil Industry Optimistic As Prices Rebound

Jun 09, 2021 at 16:48 | Tsvetana Paraskova

Canada’s oil and gas sector is growing increasingly optimistic about its near-term future as economies recover and oil prices rally. Yet, the industry faces growing challenges in the…

Libya’s Oil Production Drops By 200,000 Bpd

Jun 09, 2021 at 14:25 | Charles Kennedy

Libya’s crude oil production has declined by more than 200,000 barrels per day (bpd) in recent days, or by almost 20 percent, on the back of pipeline leaks and maintenance…

Oil Prices Fall Following Large Fuel Inventory Build

Jun 09, 2021 at 09:44 | Irina Slav

Crude oil prices fell slightly today after the Energy Information Administration reported an inventory decline of 5.2 million barrels for the week to June 4. A day earlier, the…

China’s Efforts To Curb Oil Prices Are Futile

Jun 07, 2021 at 15:46 | Irina Slav

Crude oil imports into China dropped…

The Age Of Oil Isn’t Over

Jun 07, 2021 at 11:06 | Tsvetana Paraskova

Growing demand in Asia means that the age of oil isn’t over yet, although consumption in developed western economies has trended lower over the past decade, according to Karin Kneissl,…

World's Largest Oil Trader: OPEC+ Rules Oil Markets

Jun 07, 2021 at 07:58 | Charles Kennedy

OPEC+ is gaining the upper hand as a trendsetter on global oil markets, Vitol’s head of operations for Asia, Mike Muller, said as quoted by Bloomberg this weekend. “There’s…

Africa’s Oil Nations Push Against Global Drive To Shun Oil And Gas

Jun 04, 2021 at 11:02 | Tsvetana Paraskova

Africa’s largest oil producers do not plan to abandon oil and gas exploration and production and could consider creating a continent-wide bank to fund new projects when international banks refuse…

Traders Rush To Ship Masked Venezuelan Crude To China

Jun 04, 2021 at 10:19 | Charles Kennedy

Commodity traders are in a rush to ship as much Venezuelan heavy crude to China as possible before a new fuel tax kicks in, causing a 40-50-percent rise in prices,…

Climate Activism Is Great News For Saudi Arabia And Russia

Jun 03, 2021 at 17:39 | Alex Kimani

Big Oil has lately come under a plethora of attacks from all directions, ranging from uncooperative financiers and investors amidst a global shift…

Colombian Oil Production Slips Amid Deadly Protests

Jun 03, 2021 at 15:41 | Matthew Smith

Protests which erupted across Colombia in late April 2021 in response to proposed government tax hikes are now in their fifth week. There are indications that anti-government rallies…

Blackrock: Investors Cannot ‘’Run Away’’ From Oil Industry

Jun 03, 2021 at 14:43 | Tsvetana Paraskova

BlackRock, the world’s largest asset manager, will continue to work with oil and gas firms in order to help them through the energy transition, Reuters quoted chief executive Larry…

EIA Inventory Report Sends Oil Higher

Jun 03, 2021 at 10:08 | Irina Slav

Crude oil inventories in the United States shed 5.1 million barrels in the week to May 28, the Energy Information Administration reported today, adding inventories were now at 3…

Climate Revolt Against Big Oil May Lead To Surge In Crude Prices

Jun 02, 2021 at 16:35 | Tsvetana Paraskova

The surge in climate activism demanding that Big Oil drastically cut emissions and shift strategies to investment in low-carbon energy instead of oil and gas could result in…

Rapid Energy Transition Could Doom Oil Exporting Countries

Jun 01, 2021 at 16:54 | Alex Kimani

It’s a tough time being in the oil and gas business. Big Oil has lately come under a plethora of attacks from all…

IEA Backpedals, Says Oil Demand Will Soon Reach Pre-Crisis Levels

Jun 01, 2021 at 12:08 | Charles Kennedy

Oil demand is recovering faster than previously expected, and unless OPEC+ puts additional barrels on the market on top of the plans to restore 2 million barrels per day (bpd)…

OPEC Could Win Big As Supermajors Fend Off Environmentalists

May 31, 2021 at 17:33 | Tsvetana Paraskova

Environmentalists and shareholders concerned about the risks of investing in oil in the energy transition were not the only winners of last week’s historic rebuke

The Oil ETFs To Watch If The Iran Deal Crumbles

May 31, 2021 at 14:58 | Alex Kimani

Back in April, we discussed the possibility of president Biden's administration reviving the 2015 nuclear deal with Iran…

Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd

May 31, 2021 at 13:05 | Charles Kennedy

Iran can boost its crude oil production to as much as 6.5 million barrels per day (bpd) when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister…

Oil Rig Count Rises As Brent Prices Flirt With $70

May 28, 2021 at 12:13 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States increased by 2 again this week, bringing the total rig count to 457—a…

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