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North Dakota Will Not Impose Oil Production Cuts

North Dakota Will Not Impose Oil Production Cuts

North Dakota’s oil regulators decided…

Tighter Markets End Lucrative Oil Trade

Tighter Markets End Lucrative Oil Trade

From a super contango in…

Energy / Crude Oil

U.S. Oil Drillers Restart Production As Prices Recover

Jun 02, 2020 at 17:11 | Nick Cunningham

Shale drillers are bringing some shuttered oil production back online as the glut eases.  The total amount of shut-in production in the Bakken stood at 475,000…

Can Yemen’s Oil Industry Make A Comeback?

Jun 02, 2020 at 13:25 | Viktor Katona

The coronavirus pandemic has dealt an immense blow to businesses and nations all around the planet, yet there is one specific sphere where it might actually deliver some…

Petrobras Oil Stockpiles Are “Paradoxically” Low

Jun 02, 2020 at 09:05 | Irina Slav

Brazil’s Petrobras is one of very few oil companies with no oil storage problem, according to its chief executive. Roberto Castello Blanco said at an event yesterday that Petrobras’s oil…

Offshore Oil Is On The Brink Of Collapse

Jun 01, 2020 at 13:48 | Irina Slav

Project cancellations, spending cuts, well shut-ins: the problems and dilemmas plaguing onshore oil producers have also spread to offshore. And while the effects of the Covid-19 pandemic on…

Suncor: Energy Transition Will Destroy Oil Demand

Jun 01, 2020 at 11:00 | Tsvetana Paraskova

Low-carbon technologies could disrupt global oil demand in the not-too-distant future the way COVID-19 crushed demand during the lockdowns worldwide, Mark Little, chief executive of one of Canada’s largest oil…

U.S. Shale Isn't Losing Sleep Over The 2020 Elections

May 29, 2020 at 17:27 | Alex Kimani

The battle lines are already drawn in a high-stakes political contest that will ostensibly determine the fate of the American shale industry. On the blue corner is former…

Oil Market Could See Long Term Contango

May 29, 2020 at 13:16 | Tsvetana Paraskova

The oil market could stay in a state of contango for longer after supply and demand finally balance due to the vast amount of crude and products in storage, Reuters…

Oil Price Rally Breaks Records In May

May 29, 2020 at 09:09 | Irina Slav

Early signs of growing demand for crude oil have prompted a market optimism that has led to increased WTI buying, setting the stage for the benchmark’s best-ever monthly performance, Bloomberg 

Deja Vu: OPEC's Recurring Oil Production Dilemma

May 28, 2020 at 16:01 | Irina Slav

Two conflicting reports about OPEC's plans for oil production surfaced earlier this week--both citing unnamed sources. One set of sources claimed that Russia was considering…

The Oil Storage Crisis Is Far From Over

May 28, 2020 at 15:53 | Alex Kimani

It’s more than a month since the oil markets sunk to a nadir in the mother-of-all market routs. Since then, oil prices have staged an impressive recovery, especially from WTI’s…

Huge Oil Fields Could Help Iran To Seize Saudi Market Share In China

May 28, 2020 at 14:43 | Simon Watkins

Given that China’s oil demand has now recovered from the COVID-19 outbreak to even higher levels than before, Iran is operating at full tilt to optimise the oil available…

China Scoops Up Cheap Nigerian Oil

May 28, 2020 at 12:46 | Viktor Katona

The submersion of East Asian markets into coronavirus-induced recession has pulled down several major oil producers, most notably Nigeria whose breakeven price is well above $100 per barrel (Fitch puts…

Saudi Arabia Wants Record Oil Output Cuts To Last Till End 2020

May 28, 2020 at 12:01 | Tsvetana Paraskova

Saudi Arabia and several other members of OPEC are discussing the possibility of extending the current level of OPEC+ production cuts to the end of the year to support the…

U.S. Shale Production Won't Bounce Back Until 2021

May 28, 2020 at 10:54 | Irina Slav

It could take a year before U.S. shale production starts to rise again, the chief executive of Precision Drilling Kevin Neveu told Bloomberg. This could happen even if a…

Oil Prices Fall On Bearish EIA Data

May 28, 2020 at 10:19 | Irina Slav

The Energy Information poured cold water on oil bull circles this week when it reported a crude oil inventory increase of 7.9 million barrels for the week to May…

Will There Be Another Oil Price War?

May 27, 2020 at 17:10 | Irina Slav

Two months ago, Russia said no to Saudi Arabia's proposal for deeper oil production cuts. It was enough to start a price war that, coinciding with the Covid-19 pandemic, wiped…

Have Oil Traders Abandoned Fundamentals?

May 27, 2020 at 17:07 | Nick Cunningham

Oil prices are back at levels last seen in mid-March, and while fundamentals for crude have improved somewhat, markets have become too optimistic Market euphoria continues to push financial markets…

Oil Slides As Russia Plans To Raise Production

May 27, 2020 at 09:08 | Irina Slav

Reports that Russia plans to start easing oil production cuts after the end of June arrested the oil price rally, keeping WTI below $35 a barrel. WTI slid 0.3 percent…

5 Points To Consider Before Buying Oil Stocks In 2020

May 26, 2020 at 16:37 | David Melton

If you are among those who are somewhat contrarian in nature and are ready to rush in and buy oil and gas stocks when they are…

Permian Drillers Resilient Despite Record-Breaking Rig Count Crash

May 26, 2020 at 11:43 | Rystad Energy

Although the Covid-19 pandemic continues to decimate active horizontal rigs in the US, the Permian Basin is emerging as the last surviving epicenter of drilling activity, a Rystad Energy analysis…

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