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Oil Industry Banks On Shaky Plastic Bet

Oil Industry Banks On Shaky Plastic Bet

Oil companies are hedging the…

Energy / Crude Oil

Falling Russian Crude Output Lifts Brent Oil Prices

Falling Russian Crude Output Lifts Brent Oil Prices

May 27, 2019 at 12:43 | Tsvetana Paraskova

Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue, helping Russia to finally fall in…

Saudi Oil Exports To China See Spectacular Jump

Saudi Oil Exports To China See Spectacular Jump

May 27, 2019 at 09:34 | Irina Slav

Saudi crude oil exports to China rose 43 percent on the year in April to an average 1.53 million bpd versus 1.07 million bpd in April 2018 as independent…

Is The Oil Glut Coming Back?

Is The Oil Glut Coming Back?

May 24, 2019 at 17:58 | Nick Cunningham

Oil had its worst week of the year, and the plunge in prices have renewed concerns about the global economy, oil demand and a stubborn crude oil surplus. Oil…

The Oil Market Isn’t As Weak As It Appears

The Oil Market Isn’t As Weak As It Appears

May 24, 2019 at 17:56 | Cyril Widdershoven

A slight price recovery on Friday couldn’t save what turned out to be the worst week this year for oil markets. Brent is currently hovering around $68 per…

This Oilfield Service Player Is Looking To Make A Comeback

This Oilfield Service Player Is Looking To Make A Comeback

May 24, 2019 at 17:47 | David Messler

Introduction The collapse of deepwater drilling in the Gulf of Mexico, (GoM) beginning in 2014, with no real recovery yet in sight, has spread a lot of misery around the…

Will The U.S. Slap Sanctions On Nord Stream 2?

Will The U.S. Slap Sanctions On Nord Stream 2?

May 23, 2019 at 16:03 | Nick Cunningham

There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline. The pipeline under construction would carry Russian natural gas to Germany, and…

Norwegian Oil Output Set To Fall To Lowest Level In Three Decades

Norwegian Oil Output Set To Fall To Lowest Level In Three Decades

May 23, 2019 at 13:43 | Irina Slav

Norway’s crude oil production slipped to 1.38 million bpd in April from 1.387 in March and 1.531 million bpd a year ago, the Norwegian Petroleum Directorate reported this week.…

Red Flag For Oil Markets: Asian Refining Margins Plunge To 16-Year Low

Red Flag For Oil Markets: Asian Refining Margins Plunge To 16-Year Low

May 23, 2019 at 11:46 | Irina Slav

Persistent pressure on profit margins has forced Asian refiners to start considering a reduction in their run rates, Reuters reports, citing unnamed sources from the industry. According to the…

The Silence Before The Storm In Oil Markets

The Silence Before The Storm In Oil Markets

May 22, 2019 at 17:09 | Nick Cunningham

With oil production plunging in Venezuela and Iran, tension in the Middle East at its highest point in years, and the threat of further outages in Libya, why are oil…

The Myth Of Cheap Shale Oil

The Myth Of Cheap Shale Oil

May 22, 2019 at 17:02 | Nick Cunningham

The breakeven cost of producing oil from U.S. shale is roughly the same as non-shale, despite the tidal wave of investment into the sector. According to the Federal Reserve…


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