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EIA: U.S. Oil Production Growth Is Slowing

EIA: U.S. Oil Production Growth Is Slowing

The EIA has revised down…

Oil Falls Despite Crude Inventory Draw

Oil Falls Despite Crude Inventory Draw

Oil prices fell on Wednesday…

Energy / Crude Oil

Why Is Venezuela Still Sending Subsidized Oil To Cuba?

Why Is Venezuela Still Sending Subsidized Oil To Cuba?

Jul 17, 2018 at 11:26 | Haley Zaremba

In the past, oil has accounted for 96 percent of Venezuela's exports and over 40 percent of government revenues. Now, as the nation’s economy continues to crumble amid sanctions, political…

Wood Mackenzie: Global Peak Oil Demand Expected In 2036

Wood Mackenzie: Global Peak Oil Demand Expected In 2036

Jul 16, 2018 at 09:16 | Tsvetana Paraskova

Peak oil demand is expected to come around 2036 as electric vehicles and autonomous vehicles are expected to play an increasingly important role in the world’s transportation sector, the Financial…

Chinese Oil Demand Growth Could Slow Down Soon

Chinese Oil Demand Growth Could Slow Down Soon

Jul 13, 2018 at 13:18 | Tsvetana Paraskova

Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months.   Higher oil prices play a role in this, but…

Record Oil Production Doesn’t Free U.S. From Global Market

Record Oil Production Doesn’t Free U.S. From Global Market

Jul 13, 2018 at 13:15 | Nick Cunningham

In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at…

Is The Oil Industry Repeating A Critical Error

Is The Oil Industry Repeating A Critical Error

Jul 13, 2018 at 13:03 | Kurt Cobb

Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27, its highest…

Russia: Oil Producers Will Act If Market Deficit Emerges

Russia: Oil Producers Will Act If Market Deficit Emerges

Jul 13, 2018 at 13:01 | Tsvetana Paraskova

Should supply disruptions in Venezuela and Libya lead to a deficit on the oil market, OPEC and its Russia-led non-OPEC partners will act to ensure enough supply, Russia’s Energy…

Iraq Set To Boost Oil Output After Bai Hassan Restart

Iraq Set To Boost Oil Output After Bai Hassan Restart

Jul 13, 2018 at 08:59 | Kayrros

Satellite surveillance shows that production has fully resumed at the Bai Hassan field in Iraq. The field is part of a complex of oilfields in Northern Iraq that were shut…

Libya’s Oil Production Ramps Up After Ports Reopen

Libya’s Oil Production Ramps Up After Ports Reopen

Jul 12, 2018 at 14:53 | Tsvetana Paraskova

Libya’s Abu Attifel oil field has restarted operations after a two-week halt due to the closure of oil ports—a closure that ended on Wednesday after Libya’s National Oil Corporation (NOC)…

Oil Prices Crash As Libya Resumes Production

Oil Prices Crash As Libya Resumes Production

Jul 11, 2018 at 17:26 | Nick Cunningham

Oil prices fell sharply on Wednesday on news that Libya was suddenly set to restore hundreds of thousands of barrels per day, and the U.S. struck a softer line on…

Oil’s Perfect Storm Lays At Trump’s Feet

Oil’s Perfect Storm Lays At Trump’s Feet

Jul 11, 2018 at 14:02 | Tim Daiss

It’s becoming painfully clear that the way forward for global oil markets is going to be bumpy, very bumpy, particularly as we head into next year. Much of this uncertainty,…

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