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Will We See An Oil Supply Glut In 2020?

Will We See An Oil Supply Glut In 2020?

Oil prices seem to be…

Shale Pioneer Hamm Calls For Production Slowdown

Shale Pioneer Hamm Calls For Production Slowdown

U.S. shale producers need to…

Energy / Crude Oil

Libya’s Oil Revenue Takes A Beating

Libya’s Oil Revenue Takes A Beating

Jul 15, 2019 at 14:28 | Julianne Geiger

Libya’s oil revenue took a beating in the first half of 2019, according to its central bank as reported by Reuters. In the first six months of the year,…

Signs Of Slower Permian Oil Growth Continue To Emerge

Signs Of Slower Permian Oil Growth Continue To Emerge

Jul 12, 2019 at 17:42 | Tsvetana Paraskova

While U.S. shale production is booming and the Permian continues to set new production records, the pace of growth is slowing as many companies have recently scaled back production growth…

Oil Prices Rise Amid Further Rig Count Decline

Oil Prices Rise Amid Further Rig Count Decline

Jul 12, 2019 at 12:24 | Julianne Geiger

The US oil and gas rig count fell by 5 this week, according to Baker Hughes, after losing rigs last week as well. The total number of active oil rigs…

Oil Is Gaining Momentum As Bullish Forces Increase

Oil Is Gaining Momentum As Bullish Forces Increase

Jul 12, 2019 at 12:14 | Jim Hyerczyk

U.S. West Texas Intermediate oil futures are trading higher early Friday and in a position to post a gain for the week despite the release of a second report calling…

U.S. Threatens China With Sanctions On Iranian Oil Imports

U.S. Threatens China With Sanctions On Iranian Oil Imports

Jul 12, 2019 at 10:49 | Irina Slav

The U.S. State Department has threatened China with sanctions because of its continued imports of Iranian oil—a move that was only to be expected but hardly the wisest one amid…

Is A Crude Glut Looming?

Is A Crude Glut Looming?

Jul 12, 2019 at 09:15 | Irina Slav

Crude oil supply in the world exceeded demand by 900,000 bpd in the first half of the year, the International Energy Agency said in its latest monthly Oil Market…

Oil Slips Despite Major Gulf Of Mexico Production Outage

Oil Slips Despite Major Gulf Of Mexico Production Outage

Jul 11, 2019 at 16:14 | Julianne Geiger

  Oil Production from the United States in the Gulf of Mexico have been slashed in half ahead of what is expected to be a whopper of…

Oil & Gas Discoveries Rise In High-Risk Oil Frontiers

Oil & Gas Discoveries Rise In High-Risk Oil Frontiers

Jul 11, 2019 at 12:06 | Rystad Energy

Global discoveries of conventional oil and gas continue to show promising growth, with new finds totaling 6.7 billion barrels of oil equivalent (boe) in the first half of 2019, according…

OPEC: This Is Where Most New Oil Will Come From In 2020

OPEC: This Is Where Most New Oil Will Come From In 2020

Jul 11, 2019 at 10:47 | Irina Slav

Non-OPEC crude oil supply will rise by 2.4 million bpd next year, OPEC said in its latest Monthly Oil Market Report. The cartel added that the rise would be…

The World’s First Trillion Dollar Oil Company Has A Big Problem

The World’s First Trillion Dollar Oil Company Has A Big Problem

Jul 10, 2019 at 16:35 | Tsvetana Paraskova

China’s biggest oil and gas producer PetroChina—the first company in the world to reach a US$1-trillion valuation more than ten years ago—is now so cheap that it is worth less…

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