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Energy / Crude Oil

Endless Economic Wars: A Major Threat For U.S. Oil Exports

Endless Economic Wars: A Major Threat For U.S. Oil Exports

Nov 07, 2019 at 10:24 | Irina Slav

The 5-percent tariffs China imposed on U.S. crude oil imports two months ago could challenge the growth prospects of overall exports, economists gathered for an industry event have warned. "China's…

The No.1 Oil Hotspot For 2020

The No.1 Oil Hotspot For 2020

Nov 04, 2019 at 17:37 | Ian Jenkins

The Middle East is oil. In fact, it’s a staggering 800+ billion barrels of oil, or nearly half of the world’s reserves. But there’s nothing left to discover. Forget the…

How Much Oil Does The U.S. Really Own?

How Much Oil Does The U.S. Really Own?

Nov 01, 2019 at 18:39 | Julianne Geiger

It’s no secret that the United States produces more crude oil on a daily basis than any other country at 12.6 million bpd, according to the most recent weekly EIA…

The Oil Mystery Undermining An Aramco IPO

The Oil Mystery Undermining An Aramco IPO

Oct 28, 2019 at 11:53 | Kurt Cobb

It's what you can't see—the oil beneath the Arabian sands—that potential investors in Saudi Aramco's on-again, off-again initial public offering (IPO) ought to focus on. The truth about the…

Iran's Impossible Task: $194 Oil

Iran's Impossible Task: $194 Oil

Oct 28, 2019 at 11:02 | Tsvetana Paraskova

Iran’s fiscal breakeven oil price—the one at which the country would be able to balance its budget—is US$194.60 a barrel for 2020, the International Monetary Fund (IMF) said in…

Trump's Plan To Send U.S. Oil Majors To Syria Sparks Outrage

Trump's Plan To Send U.S. Oil Majors To Syria Sparks Outrage

Oct 28, 2019 at 10:24 | Irina Slav

A suggestion by President Donald Trump to send U.S. Big Oil companies in Syria to manage its oil fields has sparked outrage among both energy and legal experts, Reuters

Is U.S. Shale Circling The Drain?

Is U.S. Shale Circling The Drain?

Oct 25, 2019 at 17:31 | Tsvetana Paraskova

‘Significant production slowdown’ is all around the headlines about the U.S. shale patch these days. Yet, the headlines have often missed one growing problem in the U.S. oil industry—the…

Oil Rig Count Plunges To Lowest Level Since 2017

Oil Rig Count Plunges To Lowest Level Since 2017

Oct 25, 2019 at 12:14 | Julianne Geiger

The US oil and gas rig count fell sharply this week, according to Baker Hughes, with a drop of 25 rigs for the week. This week marks nine decreases out…

Trump Surrenders 2.5 Billion Barrels Of Oil To Syria

Trump Surrenders 2.5 Billion Barrels Of Oil To Syria

Oct 23, 2019 at 17:18 | Charles Kennedy

The American president just gifted 2.5 billion barrels of oil to long-time Syrian enemy Bashar Al-Assad and, by default, Iran and Russia. As far as gifts go, it was both…

How Much Oil Is Up For Grabs In Syria?

How Much Oil Is Up For Grabs In Syria?

Oct 23, 2019 at 10:58 | ZeroHedge

Though it's as yet uncertain whether the Pentagon is actually going to execute the plan, Trump is mulling keeping a small US troop contingency in Syria in order to "secure…

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