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Goldman Sachs: Return Of Iranian Oil Won't Shock Markets

Goldman Sachs: Return Of Iranian Oil Won't Shock Markets

Iranian oil potentially returning legitimately…

Energy / Crude Oil

OPEC Revises Down Global Oil Demand Forecast For 2021

Feb 11, 2021 at 11:08 | Tsvetana Paraskova

OPEC expects oil demand to rise by 5.8 million barrels per day (bpd) this year, down by around 100,000 bpd from last month’s projection due to lockdowns in major developed…

IEA: OPEC+ To Further Ease Cuts Amid Quickly Drawing Oil Stocks

Feb 11, 2021 at 10:04 | Tsvetana Paraskova

While the oil market rebalancing looks fragile in the first quarter of 2021, global oil stocks are expected to rapidly draw down in the second half of this year as…

Shell Says Its Oil Production Has Peaked

Feb 11, 2021 at 09:09 | Irina Slav

Anglo-Dutch supermajor Shell has reaffirmed its commitment to becoming a net-zero company by 2050, saying that its oil production peaked in 2019 and is set for a continual decline over…

The Oil Price Slump Crippled Colombia’s Economic Recovery

Feb 10, 2021 at 10:48 | Matthew Smith

Colombia is not a country usually associated with crude oil. Low proven petroleum reserves and falling production see Colombia rank well behind many of the global oil heavyweights,…

Major Crude Draw Sends Oil Prices Higher

Feb 10, 2021 at 09:40 | Irina Slav

Crude oil prices rose today after the Energy Information Administration reported a crude oil inventory draw of 6.6 million barrels for the week to February 5. Gasoline and middle…

Russian, Saudi Oil Giants To Benefit From Biden’s Anti-Oil Agenda

Feb 09, 2021 at 09:09 | Tsvetana Paraskova

The growing number of Western countries aiming for net-zero emissions by 2050 and the U.S. Administration’s drive to limit oil and gas extraction on federal land and waters are likely…

The Oil Deal That Could Break Up Iraq

Feb 09, 2021 at 08:38 | Simon Watkins

Since the formation of the new system of governance in Iraq in 2003 immediately after the fall of Saddam Hussein there have been a slew of problems between the Federal…

Iraq Wants Oil At $80

Feb 08, 2021 at 11:06 | Irina Slav

Iraq needs crude oil to trade at $80 a barrel to be able to plug its budget holes, according to oil minister Ihsan Abdul Jabbar Ismail. In an interview with…

Chile Could Save Argentina’s Shale Boom

Feb 05, 2021 at 17:01 | Viktor Katona

Latin America just seems to be unable to synchronize its long-mooted upswing with global energy trends. Venezuela boasts the largest reserves on earth yet just as it starts…

Canada Oil And Gas Deals Surge 468%

Feb 05, 2021 at 10:07 | Tsvetana Paraskova

The value of mergers and acquisitions (M&As) in Canada jumped in the fourth quarter of 2020, thanks to the blockbuster deal between Cenovus Energy and Husky Energy, GlobalData’s deals database…

Can Anything Help Restore Wall Street’s Confidence In U.S. Shale?

Feb 04, 2021 at 17:06 | Tsvetana Paraskova

Rallying oil prices are testing once again the U.S. shale patch’s resolve to spend within their means and prioritize profitability over production growth. U.S oil prices

Shell Sees Return To ‘Normal’ Oil Demand In 2022

Feb 04, 2021 at 13:02 | OPC Markets

Royal Dutch Shell expects global oil demand to return to some sort of normalcy next year, chief executive Ben van Beurden said on Thursday as the supermajor reported another set…

China Is Fueling The Global Crude Oil Demand Recovery

Feb 03, 2021 at 13:19 | Tsvetana Paraskova

The world’s top oil importer, China, significantly boosted its crude oil imports at the start of the year compared to the end of last year, helping to support…

Oil Prices Inch Lower On EIA Crude Inventory Report

Feb 03, 2021 at 09:44 | Irina Slav

Crude oil prices fell slightly today after the Energy Information Administration reported a crude oil inventory draw of 1 million barrels for the last week of January. Fuel inventories…

OPEC+ Now Sees Weaker Oil Demand Growth For 2021

Feb 02, 2021 at 11:03 | Tsvetana Paraskova

OPEC+ expects global oil demand to rise by 5.6 million barrels per day (bpd) this year—lower estimated growth than OPEC’s assessment of 5.9-million-bpd demand increase from less than three weeks…

WTI Breaks $55 For The First Time Since January 2020

Feb 02, 2021 at 09:42 | ZeroHedge

Did the 'Reddit-Raiders' suddenly shift their crosshairs onto the energy complex? The last few days have seen WTI Crude surge over 6%...

Will U.S. Shale Finally Reward Shareholders?

Jan 29, 2021 at 15:42 | Tsvetana Paraskova

U.S. oil prices above $50 a barrel are helping the shale patch to generate more cash flow, especially after the massive capital spending cuts last year. 

The Enemy Of My Enemy: Big Oil Befriends Big Corn

Jan 29, 2021 at 09:12 | Julianne Geiger

It’s the oddest of odd couples, yet understandable. According to a Reuters exclusive, the U.S. oil industry is teaming up with the U.S. corn industry to defeat a common…

Big Oil's Exploration Cuts Exacerbate Supply Deficit

Jan 26, 2021 at 17:07 | Irina Slav

The idea that crude oil could ever again hit three-digit price levels may sound ridiculous at a time when slack demand amid a pandemic has oil stuck in…

Underinvestment In Oil And Gas May Cause Major Problems

Jan 26, 2021 at 17:04 | Tsvetana Paraskova

Following an unpredictable and shocking 2020, stability and sustainability are set to be the two major themes in the oil and gas industry this year. Companies in the…

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