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Russia’s Oil Output Rebounds From Three-Year-Low

Russia’s Oil Output Rebounds From Three-Year-Low

Russia’s oil production in the…

Colombia’s Push To Triple Proven Oil & Gas Reserves

Colombia’s Push To Triple Proven Oil & Gas Reserves

Colombia’s new government sees the…

Energy / Crude Oil

Japan’s Iranian Oil imports Are Plunging

Japan’s Iranian Oil imports Are Plunging

May 31, 2019 at 16:16 | Tim Daiss

Preliminary data released on Thursday by Japan’s Ministry of Finance showed that the country’s crude oil imports from Iran dropped 42 percent month-on-month to 169,100 barrels per day (bpd)…

Downward Momentum Is Building For Oil

Downward Momentum Is Building For Oil

May 31, 2019 at 12:59 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading lower on Friday amid an escalation of geopolitical events that have raised concerns over the strength of the…

OPEC Oil Output Set For Drop Despite Saudi Production Boost

OPEC Oil Output Set For Drop Despite Saudi Production Boost

May 31, 2019 at 08:10 | Tsvetana Paraskova

OPEC’s oil production dropped to a 2015 low of 30.17 million bpd in May, as a major 200,000-bpd increase in Saudi Arabia’s production was unable to offset an even larger…

Why Trump Won't Use His Ultimate Oil Weapon

Why Trump Won't Use His Ultimate Oil Weapon

May 30, 2019 at 15:50 | Irina Slav

Last year, ahead of the return of U.S. sanctions against Iran, there was speculation that Washington could use crude oil from the U.S. Strategic Petroleum Reserve to cushion the blow…

Why Oil Majors Are Going All-In On U.S. Shale

Why Oil Majors Are Going All-In On U.S. Shale

May 30, 2019 at 15:35 | Nick Cunningham

Chevron sold off much of its assets in the North Sea, no longer viewing the region as a high priority. Ithaca Energy, backed by Israel-based Delek, agreed to buy Chevron…

Oil Prices Flat On Minor Crude Draw

Oil Prices Flat On Minor Crude Draw

May 30, 2019 at 10:10 | Irina Slav

Amid the ongoing fears of an escalating trade war between China and the United States, the Energy Information Administration countered the price decline potential of the China factor by reporting…

Saudis Raise Oil Prices To Asia As Demand Spikes

Saudis Raise Oil Prices To Asia As Demand Spikes

May 30, 2019 at 09:02 | Tsvetana Paraskova

Emboldened by strong prompt demand amid tighter oil supply due to the U.S. sanctions on Venezuela and Iran, the world’s top oil exporter Saudi Arabia is expected to raise the…

Floods Threaten America’s Largest Oil Hub

Floods Threaten America’s Largest Oil Hub

May 29, 2019 at 11:13 | Irina Slav

Major flooding in the Midwest has interfered with crude oil flows from the country’s main storage hub in Cushing, Oklahoma, temporarily pushing prices higher, Reuters reports. “Flooding seems to…

Only 10% Of U.S. Shale Drillers Have A Positive Cash Flow

Only 10% Of U.S. Shale Drillers Have A Positive Cash Flow

May 29, 2019 at 10:58 | Rystad Energy

Nine in ten US shale oil companies are burning cash, according to Rystad Energy. Rystad has studied the financial performance of 40 dedicated US shale oil companies, focusing on cash…

Peace And Oil: Trump’s Endgame In Saudi Arabia

Peace And Oil: Trump’s Endgame In Saudi Arabia

May 28, 2019 at 16:04 | Tim Daiss

By now, after two-and-a-half years in office, it’s obvious that President Trump’s relations with Riyadh are dictating his foreign policy, even at the expense of further enraging a Democratic-controlled Congress…

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