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Oil Inches Down On Inventory Build

Oil Inches Down On Inventory Build

WTI crude futures were trading…

Energy / Crude Oil

Fracking Fallout: Is America's Drinking Water Safe?

Sep 25, 2023 at 09:18 | Kurt Cobb

Eleven years ago, I wrote about the how millions of holes drilled deep into American soil were already destined to pollute groundwater across the United…

Libya's Oil And Gas Rebound At Risk After Historic Storm

Sep 22, 2023 at 08:12 | Felicity Bradstock

Oil-rich Libya has been fighting to get its oil industry back on track over the last decade, since the Arab Spring and subsequent political instability. Following the failed presidential elections…

Standard Chartered Sees Lower Oil Inventory Draw In Q4

Sep 21, 2023 at 14:27 | Alex Kimani

The oil price rally continues to display strong momentum as tightness in the physical markets shows no sign of easing. The past seven trading days have all seen new year-to-date-highs…

The Real Reason For Saudi Arabia’s Oil Production Cuts

Sep 21, 2023 at 09:51 | Irina Slav

"It's not about . . . jacking up prices, it's about making the decisions that are right when we have the data," Saudi energy minister Abdulaziz bin Salman said this week, commenting on the…

California's Lawsuit Against Oil Giants: Righteous Or Ridiculous?

Sep 21, 2023 at 09:46 | Robert Rapier

“The search for a scapegoat is the easiest of all hunting expeditions.” — Dwight D. Eisenhower The state of California is suing five major…

Longevity Of $100 Oil Comes Down To Who’s Right About The Saudis

Sep 20, 2023 at 12:08 | Alex Kimani

Commodity analysts at Dutch multinational banking and financial services company ING Bank have said the oil price rally still has room to run, and have forecast that Brent crude…

Oil Jumps As Crude Inventories Draw

Sep 20, 2023 at 09:36 | Irina Slav

Crude oil prices moved higher today after the Energy Information Administration reported an inventory decline of 2.1 million barrels for the week to September 15. That compared with…

Alberta's Big Bet: Ditch Emissions, Not Oil

Sep 20, 2023 at 09:21 | Alex Kimani

Over the past decade, major oil companies, under pressure from investors and environmentalists, have been fleeing Canada's oil sands, the fourth-largest oil reserve in the world, while investment in existing…

Saudi Energy Minister Sets Record Straight On Oil Prices

Sep 20, 2023 at 09:08 | Tsvetana Paraskova

The ongoing extra production cut by Saudi Arabia is intended to stabilize the oil market and prevent high volatility in times of uncertainty, not to "jack up" prices,…

Small Oilfield Service Companies May Have Big Upside

Sep 19, 2023 at 08:28 | David Messler

The market could be ready to make a sharp turn higher in the valuations of the smaller oilfield service-OFS companies. Since May of this year the bigger players…

New BRICS Members Boost Bloc's Global Energy Influence

Sep 19, 2023 at 08:15 | Felicity Bradstock

  BRICS is a group of major emerging economies, originally including Brazil, Russia, India and China, which was termed in 2001 by then Goldman Sachs chief economist Jim O'Neill in…

Exxon Is The Biggest Winner In Guyana’s Epic Oil Boom

Sep 18, 2023 at 08:51 | Matthew Smith

South American microstate Guyana recently emerged as what is being described as the world’s hottest offshore frontier oil play. A consortium led by ExxonMobil controls Guyana’s…

ThinkTank: U.S. Should Focus On Lowering Oil Demand, Not Production

Sep 15, 2023 at 15:25 | Alex Kimani

On the path to the presidency, Joe Biden wasn’t one to mince words with regards to his plans for the oil and gas business. When he was on…

OPEC Cuts Reignite Inflation Worries As Energy Prices Rise

Sep 15, 2023 at 09:01 | Irina Slav

Earlier this week, the International Energy Agency warned that oil markets were in a deficit that would deepen in the fourth quarter. The reason? Saudi and Russian cuts that were…

Air Fares Poised To Skyrocket As EU Adopts Green Fuels For Aviation

Sep 14, 2023 at 15:26 | Alex Kimani

Back in 2008, Virgin Atlantic made history after flying a Boeing 747 between London and Amsterdam partly powered by a biofuel made from Brazilian babassu nuts and coconuts. Although…

A Proposal That Could Rejuvenate Venezuela's Ailing Oil And Gas Industry

Sep 14, 2023 at 09:22 | Cyril Widdershoven

The recent summit between the European Union (EU) and the Community of Latin American and Caribbean States (CELAC) in Brussels represented a timely opportunity for Europe to build…

China’s Strong Oil Imports At Odds With Economic Data

Sep 13, 2023 at 10:51 | Charles Kennedy

China has maintained a strong rate of crude oil imports pretty much since the start of the year, but instead of turning oil markets bullish, it has only served to…

Builds In Crude, Fuel Inventories Weigh On Oil Prices

Sep 13, 2023 at 09:38 | Irina Slav

Crude oil prices ticked lower today after the Energy Information Administration reported an inventory build of 4 million barrels for the week to September 8. This compared with…

China’s Oil Import Surge May Not Mean Economic Rebound

Sep 12, 2023 at 10:00 | Tsvetana Paraskova

China imported in August record volumes of coal and the third-highest monthly amount of crude oil ever. But the recent surge in the imports of major commodities could be masking…

Saudi Oil Production Cuts To Deepen Rift With U.S.

Sep 12, 2023 at 08:34 | Irina Slav

Last week, Brent crude topped $90 per barrel for the first time since last November, and WTI climbed to an 11-month high, too. The reason: Saudi Arabia and Russia said…

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