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Iran Seizes Iraqi Vessel In The Gulf

Iran Seizes Iraqi Vessel In The Gulf

The Iranian Islamic Revolutionary Guard…

Energy / Crude Oil

1 Million Bpd At Risk In Gulf Of Mexico Tropical Storm

1 Million Bpd At Risk In Gulf Of Mexico Tropical Storm

Jul 10, 2019 at 16:23 | Nick Cunningham

Oil producers are beginning to shut down production in the Gulf of Mexico ahead of a tropical storm heading for Texas and Louisiana. The storm, named Barry, could become a…

The Next Major Catalyst For Oil

The Next Major Catalyst For Oil

Jul 10, 2019 at 12:53 | Editorial Dept

Last week we saw OPEC+ come to terms on a deal to extend their existing supply cut agreement into March of 2020. With that transaction in the rearview, we think…

Oil Jumps On Hefty Crude Draw

Oil Jumps On Hefty Crude Draw

Jul 10, 2019 at 09:42 | Irina Slav

The Energy Information Administration reported a huge oil inventory draw of 9.5 million barrels for the week to July 5, confirming and even exceeding the American Petroleum Institute’s estimate…

Increasingly Weak Demand Outlook Caps Oil Prices

Increasingly Weak Demand Outlook Caps Oil Prices

Jul 09, 2019 at 16:39 | Nick Cunningham

Oil demand continues to soften, which could result in a supply surplus in the second half of this year. In its latest Short-Term Energy Outlook, the EIA downgraded its…

OPEC Plans Move To Seize Market Share From US Shale

OPEC Plans Move To Seize Market Share From US Shale

Jul 05, 2019 at 17:13 | Tsvetana Paraskova

In what appeared to be one of the least heated meetings in recent years, OPEC and allies rolled over this week their production cuts into March 2020, signaling that the…

Iran Threatens Seizure Of UK Oil Tankers After Gibraltar Tanker Boarding

Iran Threatens Seizure Of UK Oil Tankers After Gibraltar Tanker Boarding

Jul 05, 2019 at 16:31 | ZeroHedge

Iran has called for the "immediate release" of its oil tanker after British Royal Marines boarded and seized it off Gibraltar a day ago after it took a long 90-day…

U.S. Oil Rig Count Falls Amid Rising Production

U.S. Oil Rig Count Falls Amid Rising Production

Jul 05, 2019 at 12:19 | Julianne Geiger

The US oil and gas rig count fell by 4 this week, according to Baker Hughes, which reported before Independence Day this week. The total number of active oil rigs…

Shale Boom Reshuffles Global Top 50 Oil & Gas List

Shale Boom Reshuffles Global Top 50 Oil & Gas List

Jul 04, 2019 at 10:24 | Julianne Geiger

Investor Alert: Become a Global Energy Alert member today and gain access to the exclusive Top Oil & Gas Companies of 2019 Reports for free! The shale boom…

Oil Markets Not Impressed By Small Crude Draw

Oil Markets Not Impressed By Small Crude Draw

Jul 03, 2019 at 09:40 | Irina Slav

A day after the American Petroleum Institute’s estimated a 5-million-barrel crude oil inventory draw and failed to reverse oil prices’ fall, the Energy Information Administration failed at that, too…

Another Beneficiary Of The OPEC Deal Emerges

Another Beneficiary Of The OPEC Deal Emerges

Jul 02, 2019 at 13:53 | Tsvetana Paraskova

US shale won’t be the only beneficiary of higher oil prices if the commitment of OPEC and its Russia-led allies to extend their oil production cuts into March 2020 manages…

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