Javier Blas analyzes the impact…
Crude oil prices moved lower…
OPEC+ did some surprising things in the past two years. First, it broke up at the start of the pandemic with its two leaders—Saudi Arabia and Russia—turning on…
Europe may be in the grips of an energy shortage and forced to reopen retired coal plants to cope but climate activists insist that it is time to…
The U.S. oil industry is facing a sharp increase in production costs, the Dallas Fed energy survey’s latest edition has revealed. The survey found that while activity in the…
Some in the oil industry fear that oil prices may again return to the $100 mark, with President Joe Biden’s anti-fossil fuel stance and aggressive green agenda threatening…
The energy sector is increasingly looking to end the year on a high note after U.S. crude oil managed to overcome an early…
Crude oil prices recovered on Wednesday morning despite word from the Energy Information Administration of an inventory draw of 3.6 million barrels for the week to December 24. At 420…
An ambition to provide the global oil market with clear guidance on future production plans and discipline in sticking to already agreed policies is the reason OPEC+ did not respond…
Oil demand suffered a severe blow last year when the initially ignored coronavirus in China spread around the world and started prompting lockdowns. Then the wave receded, and…
The global upstream sector is set for a rebound next year, when overall investment in exploration and production is expected to exceed $400 billion for the first time…
Saudi exports surged in October on the back of higher oil prices, which hit a 2021 peak during that month. Saudi Arabia exported goods and commodities worth a total $28…
Despite the groundbreaking 2016 peace deal between the Colombian government and the largest guerilla group the Revolutionary Armed Forces of Colombia (FARC – Spanish initials) there are fears…
The Covid-19 pandemic has marked the end of an era for Southeast Asia’s combined oil and gas production, pushing the region’s output in 2021 to below 5 million…
South Korea will release 3.17 million barrels of its oil reserves in the first quarter of 2022 as part of the U.S.-led global effort by major oil-consuming nations to lower…
Crude oil prices recovered on Wednesday morning despite word from the Energy Information Administration of an inventory draw of 4.7 million barrels for the week to December 17. At 423.6…
Colombia, Latin America’s third-largest oil producer after Brazil and Mexico, is in danger of losing its energy self-sufficiency and a significant part of its gross domestic product (GDP)…
Global oil and gas discoveries in 2021 are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any…
U.S. gasoline prices have fallen for the sixth week in a row, falling 2.9 cents from a week ago, according to a Gas Buddy report published Monday. A gallon of…
Libya is considering a reward-and-penalties system for oil companies in order to motivate them to meet production targets. Per a report by Bloomberg, the plan includes introducing new contracts…
The last two weeks saw three major energy organizations release their outlooks for the immediate future of oil demand. While sometimes these outlooks largely align in their projections…
Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell. Chinese crude imports…