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Energy / Crude Oil

Chinese State-Owned Refiners Aren’t Rushing To Buy Russian Spot Contracts

Apr 06, 2022 at 10:23 | Tsvetana Paraskova

The largest state-held Chinese refiners are not rushing to purchase heavily discounted Russian crude on the spot market, avoiding being singled out as buyers of Moscow’s oil amid tightening Western…

Oil Prices Fall After EIA Confirms Crude Build

Apr 06, 2022 at 09:39 | Irina Slav

Crude oil prices fell today after the Energy Information Administration reported an inventory increase of 2.4 million barrels for the week to April 1. This compared with a…

Does China’s Friendship With Russia Really Have ‘No Limits’?

Apr 05, 2022 at 12:53 | Simon Watkins

For several years, China and Russia have been building an alternative world order to that offered by the U.S. and its allies, as analysed in full in

U.S. Looks To Boost Canadian Oil Imports, But Doesn’t Want More Pipelines

Apr 05, 2022 at 09:55 | Julianne Geiger

The Biden Administration is looking for ways to increase the amount of crude oil it imports from Canada, according to Wall Street Journal sources. But the Keystone XL is still…

Iraqi Oil Production Sinks Far Below Quota In March

Apr 05, 2022 at 08:40 | Tsvetana Paraskova

OPEC’s second-largest producer, Iraq, produced just 4.15 million barrels per day (bpd) of crude oil in March, well below its quota under the OPEC+ agreement, according to data from Iraqi…

Oil Prices Rebound Despite Biden's Best Efforts

Apr 04, 2022 at 12:41 | Julianne Geiger

Crude oil prices rose on Monday despite the announcement last week that the Biden Administration would release the largest amount of crude oil even from the U.S. Strategic Petroleum Reserves.…

U.S. Drilling Activity Has Risen 60% In One Year

Apr 04, 2022 at 11:33 | Robert Rapier

One of the latest lines of attack in the finger-pointing over rising gasoline prices goes like this: U.S. oil companies are sitting on a huge number of permits,…

Vitol: Oil Is Underpriced For Current Supply Risks

Apr 04, 2022 at 09:03 | Irina Slav

The recent slump in oil prices does not reflect the actual risk of Russian supply disruption, a senior executive of Vitol has warned. Brent crude dropped from close to $140…

How Biden’s Huge Strategic Oil Release Could Backfire

Apr 01, 2022 at 13:17 | Irina Slav

This week, the Biden administration revealed that it will release as much as 180 million barrels of crude oil in a bid to…

U.S. Crude Oil Production Rises For First Time In 10 Weeks

Mar 31, 2022 at 11:21 | Julianne Geiger

U.S. crude oil production has risen—albeit modestly—for the first time in ten weeks, the latest EIA data shows. Weekly U.S. field production of crude oil rose to 11.7 million barrels…

U.S. Warns India Against Buying More Russian Oil

Mar 31, 2022 at 10:39 | Irina Slav

The United States has warned India that buying more oil from Russia could expose it to a "great risk" in light of more sanctions against Moscow, Reuters has reported,…

OPEC+ Agrees To Ease Cuts By 432,000 Bpd In May

Mar 31, 2022 at 08:03 | Julianne Geiger

The OPEC+ meeting has concluded that no change in production plans is needed, agreeing to lift the group’s production by another 432,000 barrels per day starting in May. The 32,000…

OPEC Looks Beyond Politics, Focuses On Long-Term Production Plans

Mar 30, 2022 at 13:08 | Irina Slav

OPEC is meeting on Thursday for its regular monthly review of production policy. This time, no one seems to expect surprises, and the reason is that in the…

Sanctions Or Not, Putin’s Oil Fueled War Chest Continues To Grow

Mar 30, 2022 at 12:52 | Julianne Geiger

There is a vicious circle of warfare that has had oil at its center for decades. Anyone looking for an oil angle on the biggest conflicts of recent…

Yergin: Asia To Be Russia’s Default Market For Crude Oil

Mar 30, 2022 at 11:43 | Irina Slav

Russia will likely redirect its oil flows to Asia as Europe seeks to minimize its intake of Russian fossil fuels, with the former becoming “the default market” for Russian crude,…

Shale Growth Constrained By Supply Chain Bottlenecks

Mar 29, 2022 at 12:55 | Tsvetana Paraskova

All those who have hoped that the U.S. shale patch could ramp up oil production quickly to fill the gap that Russian supply is leaving in the Western…

Bankruptcy Fears Turn Into Merger Mania In U.S. Oil Patch

Mar 29, 2022 at 12:51 | Alex Kimani

How quickly fortunes can change in the oil and gas business. Last year, U.S. oil and gas companies were still filing for bankruptcy at record…

Triple-Digit Oil Prices Leave Private Equity Investors Wanting More

Mar 29, 2022 at 12:37 | Irina Slav

Private equity investment in oil and gas has been on the wane in the past few years amid the drive toward more ESG-oriented investments and pressure on the…

There Is No Short Term Solution To Europe’s Oil Addiction

Mar 28, 2022 at 12:53 | Irina Slav

One of the hottest topics in the media in the past month has been the possibility of an oil embargo on Russia in response to its invasion of…

Russian Crude Continues To Flow Despite Harsh Sanctions

Mar 28, 2022 at 12:49 | Simon Watkins

Despite the U.S.-led ban on importing Russian oil that some of Washington’s allies will also implement, Russian oil in significant volumes will continue to flow into various leading…

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