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Energy / Crude Oil

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…

Oil Prices Could Rise As Persian Gulf Becomes ‘Danger Zone’ For Tankers

Oil Prices Could Rise As Persian Gulf Becomes ‘Danger Zone’ For Tankers

May 22, 2019 at 15:44 | Tsvetana Paraskova

The heightened tension in the Middle East and security risks in the key waterways around the Arabian Peninsula have prompted the world’s most influential marine insurers’ organizations to expand their…

Saudi Arabia Scrambles To Calm Oil Markets

Saudi Arabia Scrambles To Calm Oil Markets

May 22, 2019 at 13:51 | Tim Daiss

Saudi Arabia, the world’s largest oil exporter, and de facto OPEC leader, is trying to calm global oil market jitters, and at least for now, it’s working. Saudi Arabia's…

Chinese Oil Buyers Shun U.S. Crude

Chinese Oil Buyers Shun U.S. Crude

May 22, 2019 at 12:23 | Irina Slav

Chinese oil traders and refiners no longer want to sign long-term supply agreements with U.S. producers, said the chief executive of Enterprise Products Partners as quoted by Reuters, amid…

U.S. Shale Oil Production Set To Grow 16% This Year

U.S. Shale Oil Production Set To Grow 16% This Year

May 21, 2019 at 11:17 | Rystad Energy

US shale operators are on course to increase oil production significantly in 2019. The growth in US onshore production from the first quarter through the fourth quarter…

Oil Stabilizes Ahead Of Weekly Inventory Data

Oil Stabilizes Ahead Of Weekly Inventory Data

May 21, 2019 at 09:27 | Tsvetana Paraskova

Oil prices seesawed early on Tuesday, supported by indications that OPEC may opt for prolonging the production cut deal beyond June, while tensions between the U.S. and Iran continued to…

Oil Rises But Some Drillers Are Filing For A Second Bankruptcy

Oil Rises But Some Drillers Are Filing For A Second Bankruptcy

May 20, 2019 at 16:11 | Tsvetana Paraskova

Not everyone in the shale patch is profiting from the higher oil prices this year, the continuously rising oil production in the Permian, and the record U.S. crude output. While…


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