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Battery Metal Sector Sees Light At The End Of The Tunnel

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The COVID-19 pandemic has significantly…

U.S. Shale Scrambles For Credit With Oil At $40

U.S. Shale Scrambles For Credit With Oil At $40

U.S. oil and gas companies…

Energy / Crude Oil

Russia Overtakes Saudi Arabia As The Largest Oil Exporter To China

May 26, 2020 at 10:55 | Irina Slav

Russia became the top crude oil supplier to China last month, overtaking Saudi Arabia with an average of 1.75 million bpd versus 1.26 million bpd for Saudi Arabia, Reuters has…

Russia Considers Extending Oil Output Cuts Beyond June

May 26, 2020 at 09:06 | Tsvetana Paraskova

Russia’s Energy Minister Alexander Novak is discussing with oil firms on Tuesday the possible extension of the current oil production cuts beyond June, sources with knowledge of the meeting’s agenda…

Oil Hedging Leaves Traders Dangerously Exposed

May 25, 2020 at 16:01 | Alex Kimani

Hedging is a popular trading strategy frequently used by oil and gas producers, airlines, and other heavy consumers of energy commodities to protect themselves…

Shale Bust Hits Rural Communities As Oil Royalties Plunge

May 25, 2020 at 14:20 | Tsvetana Paraskova

The oil price collapse is hurting not only U.S. shale firms and their drilling activities. The crash has severely crippled the royalty payments to a dozen million American…

The Risky Road To Oil Demand Recovery

May 25, 2020 at 13:21 | Tom Kool

The IEA came out with a rather bullish remark for oil this morning, stating that peak demand is still years away.

IEA: Peak Oil Demand Is Still Years Away

May 25, 2020 at 10:08 | Tsvetana Paraskova

The world hasn’t seen peak oil demand yet, the head of the International Energy Agency (IEA) told Bloomberg News on Monday, expecting that sooner or later, oil consumption would…

Putin To Bail Out Russian Oil Industry

May 25, 2020 at 09:10 | Irina Slav

Russia’s President Vladimir Putin has tasked the government with implementing a set of measures aimed at supporting the oil industry for the duration of the OPEC+ production cut agreement.…

Oil May Never Fully Recover From This Crisis

May 21, 2020 at 17:27 | Irina Slav

It’s a rule of thumb among epidemiologists that every epidemic is different and could be laden with surprises. It now seems the same applies to economic crises. During…

Chinese Oil Imports To Rise In 2020 Despite Coronavirus

May 21, 2020 at 16:27 | Tsvetana Paraskova

Despite the low oil demand during the COVID-19 outbreak in China, the world’s top oil importer is set to increase its crude oil imports by 2 percent in 2020, thanks…

U.S. Cuts Royalty Rates For Oil Firms

May 21, 2020 at 12:39 | Tsvetana Paraskova

The U.S. Administration has been approving royalty rate cuts for producers on federal land on a case-by-case basis, with rates cut on at least 76 leases in Utah in recent…

This Oil Nation Sees Production Drop As COVID-19 Cases Spike

May 21, 2020 at 10:20 | Irina Slav

Kazakhstan’s crude oil production has fallen below 1.7 million bpd of crude and condensates, oil analytics firm OilX told Oilprice.com, noting that the giant Tengiz field has seen a jump…

Covid-19 Crisis Could Crush Brazil’s Oil Boom

May 20, 2020 at 14:13 | Nick Cunningham

The coronavirus is spreading like wildfire in Brazil, and the country’s oil industry could get dragged down with it.  “Brazil has the worst COVID growth rate…

Is Russia Finally Complying With OPEC+ Cuts?

May 20, 2020 at 12:44 | Tsvetana Paraskova

It looks like Russia is really trying to comply with its share of the OPEC+ production cuts this time, unlike in previous deals when it had regularly exceeded its cap,…

OPEC+ Deal Could Collapse As Oil Prices Shoot Up

May 20, 2020 at 11:43 | Tsvetana Paraskova

The OPEC+ coalition appears determined to ease the global oil glut and lift the oil prices that had cratered in April because of OPEC+ wrangling and crashing global demand in…

33% Of North Sea Oil Is Now Too Expensive To Extract

May 20, 2020 at 11:07 | Tsvetana Paraskova

The oil price collapse will result in one-third of the North Sea oil left untouched because it will be uneconomical to produce, a new study from the University of Aberdeen…

Oil Soars On Bullish EIA Inventory Report

May 20, 2020 at 09:43 | Irina Slav

A week after it served a much-needed boost to markets with a crude oil inventory draw, today the Energy Information Administration strengthened the mood by reporting an oil inventory…

Why The Future Of Oil Rests On China

May 20, 2020 at 09:09 | Tsvetana Paraskova

The pace of oil demand recovery in China and the entire world could be shaped by China’s top policy-setting meetings, which begin on Friday to chart the course for the…

Is The Oil Collapse Over Already?

May 19, 2020 at 16:46 | David Messler

It has just been an amazing week for crude oil! We haven’t seen upward movement in WTI like we’ve seen this week in…forever, on a percentage basis. Buoyed…

Jet Fuel Demand Will Take Years To Recover

May 19, 2020 at 16:46 | Tsvetana Paraskova

The coronavirus pandemic swept across the airline industry, upending fleet, route, and passenger number predictions for years to come. Commercial air travel, alongside tourism, is the worst-hit business in these…

Oil Industry Faces Looming Threat Of Involuntary Outages

May 19, 2020 at 09:18 | Irina Slav

After the forced suspension of drilling and well shut-ins, the global oil industry now faces another challenge: production outages resulting from delays in regular repairs caused by the supply-chain disruption…

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