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Could U.S. Oil Become Part Of The Brent Benchmark?

Could U.S. Oil Become Part Of The Brent Benchmark?

As U.S. oil exports continue…

Oil Prices Crash As Libya Resumes Production

Oil Prices Crash As Libya Resumes Production

Despite a significant draw in…

Energy / Crude Oil

Oil Inches Higher On Strong Crude Draw

Oil Inches Higher On Strong Crude Draw

Jun 20, 2018 at 09:43 | Irina Slav

Crude oil prices remained relatively stable after the Energy Information Administration reported a draw of 5.9 million barrels in U.S. crude oil inventories for the week to June 15.…

The Last Oil Frontier In The Gulf Of Mexico

The Last Oil Frontier In The Gulf Of Mexico

Jun 19, 2018 at 12:50 | David Messler

The U.S. Gulf of Mexico, (GoM) has been a tremendous resource that has largely been developed over the last thirty years or so. One by one, companies ventured into deep…

OPEC Confident Global Oil Demand Will Stay Strong

OPEC Confident Global Oil Demand Will Stay Strong

Jun 19, 2018 at 11:59 | Tsvetana Paraskova

An OPEC technical panel has found that global oil demand is on pace to stay strong in the second half of this year, suggesting that the oil market could comfortably…

U.S. Overtakes Saudi Arabia In Recoverable Oil Reserves

U.S. Overtakes Saudi Arabia In Recoverable Oil Reserves

Jun 19, 2018 at 10:30 | Tsvetana Paraskova

The United States has again outstripped Saudi Arabia as the holder of the world’s biggest recoverable oil resources with current technology, largely due to the doubling of fracking operations in…

Where Will U.S. Frackers Drill Next?

Where Will U.S. Frackers Drill Next?

Jun 18, 2018 at 16:47 | Tsvetana Paraskova

With WTI oil prices staying above $60 a barrel for several months, U.S. drillers are breaking production records each week, mostly thanks to the Permian in West Texas and…

Russia, Saudi Arabia Extend Oil Partnership Indefinitely

Russia, Saudi Arabia Extend Oil Partnership Indefinitely

Jun 18, 2018 at 11:58 | Irina Slav

Russia and Saudi Arabia have agreed to extend their oil partnership indefinitely, with the agreement stipulating that they could move to regulate oil production at any moment, TASS reports, quoting…

OPEC Discusses Boosting Production By 300,000 Bpd-600,000 Bpd

OPEC Discusses Boosting Production By 300,000 Bpd-600,000 Bpd

Jun 18, 2018 at 10:03 | Tsvetana Paraskova

OPEC producers are trying to negotiate a compromise deal that could result in the cartel boosting production by between 300,000 bpd and 600,000 bpd over the next few months, Bloomberg…

Iran Looks To Veto Saudi, Russian Oil Production Proposal

Iran Looks To Veto Saudi, Russian Oil Production Proposal

Jun 18, 2018 at 09:20 | Irina Slav

In the latest signal that the upcoming OPEC+ meeting in Vienna could end in disaster, Iran’s OPEC representative said the country will veto any proposal for a production increase with…

Shale Shifts Attention To This ‘Forgotten’ Oil Play

Shale Shifts Attention To This ‘Forgotten’ Oil Play

Jun 15, 2018 at 16:55 | Irina Slav

The Permian has been getting most of the headlines on U.S. shale, but there is another play in the vicinity that has been attracting more industry attention than media attention.…

Oil Demand Growth Could Start To Soften Soon

Oil Demand Growth Could Start To Soften Soon

Jun 15, 2018 at 16:53 | Tsvetana Paraskova

OPEC may tout the production cuts pact as the key driver of oil market rebalancing, but if it weren’t for the strong global oil demand growth of the past three…

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