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BP To Invest $200 Million In Solar

Energy / Crude Oil

Iraq Struggles To Keep Oil Exports Elevated

Iraq Struggles To Keep Oil Exports Elevated

Nov 17, 2017 at 14:02 | Matt Smith

Since the Kurdish referendum in late September, when Iraqi Kurds overwhelmingly voted for independence from Iraq, there has been a drop in crude flows through the Kirkuk-Ceyhan pipeline, as tension…

Markets Shrug On Flat Oil Rig Count

Markets Shrug On Flat Oil Rig Count

Nov 17, 2017 at 12:21 | Julianne Geiger

The number of oil and gas rigs in the United States rose again this week, this time by 8, according to Baker Hughes, ending a short-lived downward trend in weeks…

Chinese Crude Inventories Fall For First Time In 12 Months

Chinese Crude Inventories Fall For First Time In 12 Months

Nov 17, 2017 at 09:32 | Irina Slav

The crude oils stockpiles of China fell for the first time in 12 months on the back of a drop in imports to the lowest in a year and robust…

Norway’s $1 Trillion Wealth Fund Looks To Dump Oil & Gas Stocks

Norway’s $1 Trillion Wealth Fund Looks To Dump Oil & Gas Stocks

Nov 16, 2017 at 15:41 | Nick Cunningham

The global campaign to divest from fossil fuels may have just picked up its most significant ally to date – the largest sovereign wealth fund in the world. Norway’s trillion-dollar…

Why Saudi Arabia Should Fear U.S. Oil Dominance

Why Saudi Arabia Should Fear U.S. Oil Dominance

Nov 15, 2017 at 16:28 | Gregory Brew

One of the more important recent developments in global energy is the resurgence of U.S. energy production, thanks in large part to the shale revolution. Now, after half a century…

What Happens If The OPEC Deal Extension Fails?

What Happens If The OPEC Deal Extension Fails?

Nov 15, 2017 at 16:16 | Nick Cunningham

The oil market has already factored in an extension of the OPEC deal, with the working assumption that the cuts will be extended through the end of 2018. But what…

Can Russia Break Its Oil Dependence?

Can Russia Break Its Oil Dependence?

Nov 15, 2017 at 15:09 | Irina Slav

Despite improving oil prices, Russia’s economic growth is slowing, with GDP rise for the third quarter at 1.8 percent on an annual basis, versus 2.5 percent for the…

Falling Iraqi Oil Output Drags OPEC Production Down

Falling Iraqi Oil Output Drags OPEC Production Down

Nov 15, 2017 at 13:35 | Ron Patterson

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through October 2017 and is in thousand barrels per day.…

China Resumes Oil Hoarding Despite Higher Prices

China Resumes Oil Hoarding Despite Higher Prices

Nov 15, 2017 at 10:52 | Irina Slav

Satellite imaging data suggests that China has started to build its crude oil inventories after two months of declines, Orbital Insight said. According to the company’s data, the first…

Oil Prices Slip After EIA Reports Builds Across The Board

Oil Prices Slip After EIA Reports Builds Across The Board

Nov 15, 2017 at 09:42 | Irina Slav

A day after the American Petroleum Institute took the market by surprise reporting a 6.513-million-barrel build in inventories, the Energy Information Administration confirmed inventories had risen last week…

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