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U.S. Shale Giant Says OPEC Controls Oil Prices

U.S. Shale Giant Says OPEC Controls Oil Prices

Unlike in previous years, the…

China To Coal Miners: Raise Production Now

China To Coal Miners: Raise Production Now

Chinese authorities have ordered 72…

Energy / Crude Oil

Merger Mania Is Back In North America’s Oil Patch

Sep 07, 2021 at 13:32 | Tsvetana Paraskova

The oil and gas industry is back in consolidation mode after a low point in the spring of 2020 during the worst of the oil price and demand…

Canadian Pipeline Giant Enbridge Looks To Export 'Cheap' American Oil

Sep 07, 2021 at 12:00 | Tsvetana Paraskova

Canadian pipeline giant Enbridge is buying a U.S. midstream operator for US$3 billion, betting on advancing its strategy to export from the U.S. Gulf Coast low-cost crude…

Can India Become A Major Renewable Energy Player?

Sep 07, 2021 at 10:44 | Vanand Meliksetian

Successful economies have several things in common, including a stable and reliable energy system with relatively affordable prices for households and businesses. This puts developing countries such as…

China’s Oil Imports Rebounded In August

Sep 07, 2021 at 08:56 | Irina Slav

China’s crude oil imports averaged 10.25 million bpd daily last month, more than 5 percent higher than in July, energy analytics provider OilX has reported. Customs data…

Ecuador Looks To Double Its Oil Production

Sep 06, 2021 at 14:09 | Matthew Smith

The oil-dependent South American country Ecuador, which left OPEC in January 2020 to avoid production quotas, has embarked on an ambitious plan to double its oil output. The…

Hurricane Ida Continues To Weigh On Gulf Oil Production

Sep 06, 2021 at 11:09 | Tsvetana Paraskova

More than a week after Hurricane Ida made landfall in Louisiana, nearly 90 percent, or some 1,6 million bpd of U.S. Gulf oil production remains shut-in, more than…

Europe’s Soaring Gasoline Consumption Triggers Rise In Oil Demand

Sep 06, 2021 at 10:32 | Charles Kennedy

Europe’s oil demand, especially road fuel consumption, has rebounded in recent weeks, as many Europeans hit the road for late summer vacations after a year and a half of restrictions…

Saudis Make Deep Price Cuts To Save Market Share

Sep 06, 2021 at 08:09 | Tsvetana Paraskova

Saudi Arabia slashed the official selling prices (OSPs) for its oil exports to Asia in October more than expected in a move seen as the world’s largest crude exporter…

3 Bullish Catalysts For Oil This Fall

Sep 03, 2021 at 15:09 | Alex Kimani

After a dreary stretch that saw oil markets record the worst monthly loss this year, the markets have kicked off trading in September on a brighter note. Both…

What Are Biden’s Real Priorities For U.S. Oil?

Sep 03, 2021 at 14:57 | Tsvetana Paraskova

Americans are paying the most expensive Labor Day weekend gasoline prices since 2014 amid constrained stock levels and high benchmark crude oil prices. …

U.S. Oil Rigs See Sharpest One-Week Decline In Over A Year

Sep 03, 2021 at 12:13 | Julianne Geiger

The number of oil and gas rigs in the United States fell by 11 this week, according to Baker Hughes—after rising by 5 last week. The total rig count is…

Iran Wants To Boost Oil Exports, Nuclear Deal Or Not

Sep 03, 2021 at 09:12 | Irina Slav

Iran plans to ramp up its crude oil exports even though negotiations with the United States on its nuclear deal are currently paused. "Good things will happen regarding Iran's oil…

India’s ONGC May Buy Stake In Rosneft’s Massive Arctic Oil Project

Sep 03, 2021 at 09:01 | Irina Slav

A consortium of Indian energy companies—including state major ONGC—is in early talks with Rosneft for the acquisition of a stake in the Russian state company’s massive Vostok oil project, the…

Will Peru’s Crisis-Torn Oil Industry Ever Recover?

Sep 02, 2021 at 11:23 | Matthew Smith

Peru’s oil industry has been under considerable pressure for some time. A combination of long-running political turmoil, community dissent and the pandemic are weighing heavily on

Louisiana Refineries Could Take Weeks To Restart After Hurricane Ida

Sep 02, 2021 at 09:55 | Tsvetana Paraskova

The refineries in Louisiana that were shut ahead of or during the passing of Hurricane Ida this weekend could take weeks to restart as power and water services have yet…

China’s CNPC Looks To Revive Oil Projects In Venezuela

Sep 02, 2021 at 08:45 | Irina Slav

The China National Petroleum Corporation is preparing to return to Venezuela after the Maduro government finalizes legislation seeking to attract more foreign capital to the industry.

U.S. Shale Ramps Up Drilling But Maintains Spending Restraint

Sep 01, 2021 at 15:25 | Tsvetana Paraskova

U.S. oil production has ticked up in recent weeks as shale producers drill more wells after going through a massive backlog of drilled but uncompleted wells (DUC).  

OPEC+ Ignores Biden, Keeps Output Plans Unchanged

Sep 01, 2021 at 11:19 | Irina Slav

The September meeting of OPEC+ today wasn’t expected to erupt in vehement disagreements. Unlike the last meeting, when a rift between Saudi Arabia and the UAE caused worry…

Finding A Real Solution To Louisiana's Energy Crisis

Sep 01, 2021 at 10:54 | Leonard Hyman & William Tilles

You may have seen the recent YouTube video of Entergy crews installing a new high voltage transmission tower near New Orleans. The new tower was supposed to withstand…

UK North Sea Investment Crashes To 50-Year Low

Sep 01, 2021 at 10:27 | Tsvetana Paraskova

Due to the pandemic-driven collapse in oil prices, capital investment in the UK North Sea plunged by one-third in 2020 to the lowest level since 1973, offshore industry body OGUK…

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