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Energy / Crude Oil

Tanker

The U.S. Just Became A Net Oil Exporter For The First Time Ever

Dec 05, 2019 at 09:53 | Tsvetana Paraskova

The United States exported more crude oil and petroleum products than it imported in September 2019—the first month in which America was a net petroleum exporter since monthly records began…

Bonespring

The One Sweet Spot That Continues To Drive Permian Growth

Dec 04, 2019 at 13:33 | Tsvetana Paraskova

The Bone Spring formation has been one of the most prolific shale plays in the Permian in recent years and continues to drive production growth The Bone…

Crude

Oil Soars On Crude Inventory Draw

Dec 04, 2019 at 09:45 | Irina Slav

The Energy Information Administration reported today a crude oil inventory draw of 4.9 million barrels for the week to November 29, after a 1.6-million-barrel increase reported for the…

Johan Sverdrup

Giant North Sea Oilfield Boosts Production To 350,000 Bpd 

Dec 03, 2019 at 12:24 | Tsvetana Paraskova

The huge Johan Sverdrup oilfield in Norway’s North Sea is already producing 350,000 barrels of oil per day, two months after coming on stream, a senior executive at Equinor, the…

Gasoline pump

India Could See Real Growth In Oil Demand Next Year

Dec 03, 2019 at 11:01 | Jon LeSage

Next year is expected to be a turnaround for oil demand in India, according to a new study by S&P Global Platts Analytics. With weakened demand caused by an economic slowdown,…

Offshore rig

Oil Could Fall To $40 If OPEC+ Fails To Deepen Cuts

Dec 03, 2019 at 09:32 | Rystad Energy

Barring additional oil production cuts by OPEC in 2020, Rystad Energy forecasts a substantial build of global crude stocks and a corresponding drop in oil prices. A…

OPEC logo

Will The OPEC Meeting Yield A Bullish Surprise?

Dec 02, 2019 at 17:24 | Nick Cunningham

Oil prices fell sharply on Friday on rumors that OPEC would decline to deepen the production cuts, but the rumor mill continues to churn. Over the weekend, Iraq’s oil…

Crude Oil

How Much Crude Oil Do You Unknowingly Eat?

Dec 02, 2019 at 16:21 | Haley Zaremba

You may think (or hope) that in your daily life you don’t need to worry about unknowingly eating or otherwise ingesting crude oil or any of its many, many petrochemical…

Offshore rig

Visualizing The US Shale Slowdown

Dec 02, 2019 at 15:57 | Peak Oil Barrel

This is a guest post by Ovi here.   All of the oil production data for the states comes from the EIA?s Petroleum Supply Monthly. The charts below are…

West Qurna

The Superpowers Battling Over Iraq's Giant Oil Field

Nov 29, 2019 at 16:41 | Simon Watkins

Ever since the U.S. signalled through its effective withdrawal from Syria that it now has little interest in becoming involved in military actions in the Middle East, the door has…

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