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How OPEC Has Filled America’s Russian Oil Void

How OPEC Has Filled America’s Russian Oil Void

U.S. import volumes of Russian…

Are Big Oil's Best Days Behind It?

Are Big Oil's Best Days Behind It?

Big oil isn’t rushing to…

Energy / Crude Oil

Big Oil Won’t Touch Moscow’s Shadow Tankers Even After Russian Crude Is Gone

Dec 21, 2022 at 08:34 | ZeroHedge

Over the weekend, we reported that oil exports of Russian ESPO-grade oil from the Pacific port of Kozmino had collapsed by more than…

Are Hedge Funds Ready To Start Buying Oil Again?

Dec 20, 2022 at 08:03 | ZeroHedge

Investors sold petroleum for a fifth consecutive week but the pace of selling slowed as the balance of risks began to shift to the upside and beaten down prices provided…

The Top 5 U.S. Oil And Gas Dividend Stocks For 2023

Dec 19, 2022 at 09:01 | Alex Kimani

Chairman and CEO of Baird-owned Strategas Research Partners Jason Trennert has advised investors to adopt a defensive approach in 2023 due to a…

Why U.S. Gasoline Prices Are Falling Towards $3

Dec 16, 2022 at 13:49 | Tsvetana Paraskova

U.S. gasoline prices are now lower than they were at this time last year, and the national average could drop to below $3…

The Era Of Cheap Oil Has Come To An End

Dec 16, 2022 at 13:18 | Irina Slav

In its latest monthly report, OPEC revealed it had yet again failed to produce as much oil as it agreed to produce the…

EU Races To Replace Russian Oil Products

Dec 15, 2022 at 17:24 | Tsvetana Paraskova

The European Union has reduced its seaborne imports of crude oil from Russia, but just ahead of the embargo effective December 5, the EU was still importing Russian crude and…

Russia Eyes Increased Oil Production With Venezeula Projects

Dec 15, 2022 at 13:50 | Julianne Geiger

Russia is interested in increasing its oil production through projects in Venezuela, Russian deputy prime minister Alexander Novak said on Thursday, according to TASS. Novak met with Venezuela’s oil minister…

Petrobras Sheds $41 Billion In Market Value In 2 Months

Dec 15, 2022 at 09:52 | Alex Kimani

Shares of leading Brazilian National Oil Company (NOC) Petroleo Brasileiro SA aka Petrobras (NYSE: PBR) lost R$30 (~US$5.6) billion in market value…

Russia Takes Cautious Approach To Oil Price Cap

Dec 15, 2022 at 09:24 | Irina Slav

The price cap on Russian oil exports that went into effect last week to much anxiety about a possible cut in shipments has so far not elicited any…

What’s In Store For Oilfield Service Companies In 2023?

Dec 14, 2022 at 17:11 | David Messler

We have seen a wide range in oil prices during 2022. From the start of the year, when West Texas Intermediate-WTI, was trading in the upper $ ’60s,…

Guyana Is Becoming A Top-Tier Oil Producer

Dec 14, 2022 at 10:00 | Matthew Smith

Despite the dire predictions of peak oil demand, which will is expected to arrive during the next decade as the world transitions to…

Oil Slips On Large U.S. Inventory Build

Dec 14, 2022 at 09:39 | Irina Slav

Crude oil prices moved lower today, after the U.S. Energy Information Administration reported an inventory increase in crude oil of 10.2 million barrels for the week to December 9.…

OPEC Leaves Global Oil Demand Outlook Untouched

Dec 13, 2022 at 09:01 | Charles Kennedy

Global oil demand growth is expected at 2.5 million barrels per day (bpd) this year and 2.2 million bpd next year, OPEC said on Tuesday, leaving the previous month’s estimates…

Russia Is Shipping More Than 3 Million Bpd Of Crude To Asia

Dec 12, 2022 at 09:53 | Michael Kern

Russia was shipping more than 3 million barrels per day (bpd) of crude oil to Asia in the week to December 9, the week in which the EU…

Five Reasons Why U.S. Shale Production Won't Soar In 2023

Dec 12, 2022 at 08:56 | Irina Slav

Last week, the chief energy adviser to the Biden administration, Amos Hochstein, blamed institutional investors for the stalled drilling in the U.S. oil…

Libya Invites Oil Majors To Produce More Oil And Gas

Dec 12, 2022 at 08:14 | Simon Watkins

Given the fragile supply-demand balance in the global energy market and the toxic inflation-interest rate mix with which many developed economies have been struggling, news of additional oil…

The Black Market For Oil Is Booming

Dec 09, 2022 at 17:24 | Tsvetana Paraskova

The sanctions on the oil exports of Venezuela and Iran, and now Russia, have given rise to a lucrative under-the-radar oil trade in which less scrupulous vessel owners,…

More Biden Oil And Gas Restrictions Are On The Horizon

Dec 09, 2022 at 17:17 | Felicity Bradstock

Despite pleading with oil and gas companies to boost their output in recent months, to tackle global shortages and rising prices, President Biden is once again hitting the…

U.S. Oil And Gas Rig Count Falls Slightly

Dec 09, 2022 at 12:14 | Julianne Geiger

The number of total active drilling rigs in the United States slipped this week, according to new data from Baker Hughes published on Friday. The total rig count fell 4…

Russia Balks At “Stupid” Oil Price Cap, Mulls Production Cut

Dec 09, 2022 at 09:50 | Julianne Geiger

Crude oil prices rose by roughly a percent on Friday morning on news that Russia was considering a production cut. Brent crude oil prices rose by 0.85%…

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