U.S. oil prices surpass $80…
The shared fields of Iran…
Last year, we reported that the Biden administration has been increasingly cozying up to Iran as the U.S. and its allies hoped to strike a new nuclear deal with Tehran…
As many as 100 tankers carrying some 56 million barrels of crude oil and fuels have been diverted from the Red Sea since Yemen's Houthis began targeting ships there…
Crude oil prices went lower today after the U.S. Energy Information Administration reported an inventory build of 1.2 million barrels for the week to January 26. This compared…
The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead…
Last week, crude oil futures settled at their highest levels in more than two months while energy stocks scored their best week since March 2023 thanks to a cornucopia of…
It's not just the US that is in desperate need of refilling its strategic oil reserve after Biden drained it to score some quick political points ahead of…
China and Russia aren't the only countries being given a "pass" from Yemen's Houthi rebels, but Saudi Arabia is also exporting crude oil…
Over the last decade, Libya has struggled to get its oil industry back on track due to political disruptions and a lack of foreign investment in the sector. Years of…
Before the end of this decade, the world’s third-largest crude oil importer, India, is set to become the single biggest driver of global oil demand, replacing China, analysts and forecasters…
We are still in the early innings of the earnings season, with only ~15% of S&P 500 companies having returned their Q4 2023 earnings scorecards. According to FactSet data,…
Crude oil prices today inched higher after the Energy Information Administration reported an inventory draw of 9.2 million barrels for the week to January 19. This compared with…
A former Cabinet minister has called on the insurance industry to think on its obligations after it was revealed that UK firms have insured over €120bn worth of…
Traders are selling West Texas Intermediate futures in anticipation of further strong production growth. As a result, prices are weakening further despite the uncertainty of such an outlook. In fact,…
Higher production of relatively denser crude oil in Texas, the top oil-producing U.S. state, drove part of the U.S. crude oil output growth last year, the Energy Information Administration (EIA)
China is taking advantage of the slide in oil prices, which began in October, to ramp up its stockpiling of cheaper crude. In December alone, China is estimated to have…
The U.S. Energy Industry has defied past norms where declines in drilling and completion activity would quickly result in lower production. Technology has turned that paradigm on its…
Crude oil prices inched higher today after the U.S. Energy Information Administration reported an estimated inventory decline of 2.5 million barrels for the week to January 12. This
Watching China for a sense of where oil prices are heading has become standard practice among analysts in the past decade—and with a good reason. The Asian powerhouse has become…
The world would find itself short of oil from 2025 onwards as exploration for longer-producing crude reserves is set to lag demand growth, Vicki Hollub, chief executive of Occidental Petroleum,…
Oil and gas companies plan to boost exploration activity and spending offshore Norway this year as Western Europe’s top oil and gas producer looks to maintain production and…