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Momentum Is Building For Oil

Momentum Is Building For Oil

Oil prices rallied towards the…

Energy / Crude Oil

Why OPEC+ Output Cuts Take So Long To Materialize

Why OPEC+ Output Cuts Take So Long To Materialize

Jan 21, 2019 at 15:56 | Irina Slav

The oil production cuts that OPEC and its partners led by Russia agreed at the end of last year are proving slower to materialize than most observers expected, with Russia…

IMF Slashes Saudi Growth Outlook On Lower Oil Prices, Production

IMF Slashes Saudi Growth Outlook On Lower Oil Prices, Production

Jan 21, 2019 at 13:02 | Tsvetana Paraskova

The International Monetary Fund (IMF) cut on Monday its forecast for Saudi Arabia’s economic growth this year to 1.8 percent, down by 0.6 percentage point from the previous economic…

Is Kuwait’s $500 Billion Oil Plan Overoptimistic?

Is Kuwait’s $500 Billion Oil Plan Overoptimistic?

Jan 21, 2019 at 09:31 | Irina Slav

Kuwait’s oil minister is skeptical about the need—and the ability—of the state oil company to spend close to US$500 billion on an expansion program that should run until 2040, Reuters…

Huge Backlog Could Trigger New Wave Of Shale Oil

Huge Backlog Could Trigger New Wave Of Shale Oil

Jan 18, 2019 at 17:35 | Nick Cunningham

The number of drilled but uncompleted wells (DUCs) in the U.S. shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog…

IEA: OPEC+ Cuts Put Floor Under Oil Prices

IEA: OPEC+ Cuts Put Floor Under Oil Prices

Jan 18, 2019 at 17:30 | Nick Cunningham

The “journey to a balanced market will take time, and is more likely to be a marathon than a sprint.” The International Energy Agency (IEA) said that the OPEC+ cuts…

U.S. Refiners Rush To Buy Heavy Oil As Trump Looks To Punish Maduro

U.S. Refiners Rush To Buy Heavy Oil As Trump Looks To Punish Maduro

Jan 18, 2019 at 10:49 | Irina Slav

Refiners in the United States are stocking up on heavy crude, pushing prices higher, as the Trump administration prepares to slam more punitive measures on Caracas after the inauguration of…

This Is How Much Each OPEC+ Member Needs To Cut

This Is How Much Each OPEC+ Member Needs To Cut

Jan 18, 2019 at 09:28 | Tsvetana Paraskova

OPEC published on Friday the long-awaited list of oil production quotas for each country in the OPEC+ deal, as it seeks to shore up market confidence that the cartel…

U.S. Oil Outlook Slammed By Lower Prices

U.S. Oil Outlook Slammed By Lower Prices

Jan 16, 2019 at 15:55 | Nick Cunningham

The recent slide in oil prices may finally start impacting U.S. oil production forecasts. The plunge in oil prices in November and December spread gloom around the industry. Comments from…

How Much Further Can Venezuela’s Oil Production Fall?

How Much Further Can Venezuela’s Oil Production Fall?

Jan 16, 2019 at 15:24 | Editorial Dept

Ambivalent is the word that best describes the condition Venezuelan President Nicolás Maduro has found himself in. From a formal point of view, his January 10 reinauguration went along smoothly…

Trump Takes Aim At Maduro, Threatens Oil Embargo

Trump Takes Aim At Maduro, Threatens Oil Embargo

Jan 16, 2019 at 13:42 | Irina Slav

A week after Venezuelan President Nicolas Maduro was sworn in for a second term in office, the option of a complete oil embargo against Venezuela has been put back on…

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