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Energy / Crude Oil

Why U.S. Oil Exports Are Only Heading Higher

Why U.S. Oil Exports Are Only Heading Higher

May 28, 2018 at 17:13 | Nick Cunningham

Oil prices are falling, but American crude is suffering even worse than its international counterpart. The price differential between WTI and Brent continues to widen, briefly hitting $9 per barrel…

U.S. Oil Exports Eat Into OPEC Market Share In Asia

U.S. Oil Exports Eat Into OPEC Market Share In Asia

May 28, 2018 at 11:00 | Tsvetana Paraskova

Increased U.S. crude oil exports to Asia, supported by a wide WTI-Brent spread, are eating into Asian market shares of OPEC and Russia, the cartel’s ally in the production cut…

U.S. Shale Production May Be Plateauing

U.S. Shale Production May Be Plateauing

May 25, 2018 at 17:05 | Ron Patterson

I have updated my scenarios for U.S. LTO output, based on both EIA tight oil output data and average well profile data from Enno Peters’ shaleprofile.com. I have also created a scenario…

Maduro Vows To Double Oil Production With Help From OPEC

Maduro Vows To Double Oil Production With Help From OPEC

May 25, 2018 at 10:39 | Irina Slav

Venezuelan President Nicolas Maduro has promised to start increasing the crisis-stricken country’s oil production during his second six-year term in office. AFP reports that during his inauguration speech, Maduro…

Iran's Demands: Europe Must Guarantee It Will Buy Iranian Oil

Iran's Demands: Europe Must Guarantee It Will Buy Iranian Oil

May 24, 2018 at 14:05 | Tsvetana Paraskova

Iran’s Supreme Leader Ayatollah Khamenei has issued five demands to the European Union (EU)—including Europe guaranteeing Iran’s oil will be completely sold—that European leaders could find quite difficult to…

EV Revolution Could Wipe Out $21 Trillion In Oil Revenue

EV Revolution Could Wipe Out $21 Trillion In Oil Revenue

May 23, 2018 at 15:35 | Irina Slav

Hardly a day goes by without a research company releasing yet another report forecasting the future of electric vehicles and all related industries, oil included. Some of these are skeptical,…

Iran: Trump’s Sanctions Can’t Touch Our Oil

Iran: Trump’s Sanctions Can’t Touch Our Oil

May 23, 2018 at 12:48 | Tim Daiss

As the geopolitical drama between not only Iran and the U.S., but between the U.S. and its EU allies unfolds over Trump’s decision to pull out of the 2015 Iranian…

OPEC May Ease Oil Cuts As Soon As June

OPEC May Ease Oil Cuts As Soon As June

May 23, 2018 at 10:14 | Tsvetana Paraskova

As soon as next month, OPEC may decide to reverse some of the production cuts in place since the beginning of 2017, to respond to supply concerns over plummeting Venezuelan…

Crude, Gasoline Prices Slip On Inventory Build

Crude, Gasoline Prices Slip On Inventory Build

May 23, 2018 at 09:45 | Irina Slav

As crude oil begins to slide back down on talk about a possible easing of the OPEC+ production cuts, the Energy Information Administration added to bearish sentiment by reporting…

Traders See Higher Oil Prices In The Long Term

Traders See Higher Oil Prices In The Long Term

May 22, 2018 at 16:57 | Tsvetana Paraskova

Oil market participants and analysts have been focused on the front-month oil futures prices that rallied to levels last seen in November 2014, with Brent Crude breaking above $80…

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