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Energy / Crude Oil

India Taps Into Strategic Oil Reserve: Report

Aug 18, 2021 at 08:19 | Charles Kennedy

India has started selling crude from its strategic oil reserve in a bid to monetize the assets by leasing out space in them to oil companies, Reuters reported, citing…

Canada Could Boost Oil Pipeline Capacity As Soon As September

Aug 17, 2021 at 12:00 | Tsvetana Paraskova

Canada’s oil sands producers may find welcome relief to years of pipeline capacity constraints when the first new pipeline in years could enter into service as early as…

China Continues To Tap Crude Reserves Despite Plunge In Refining Activity

Aug 17, 2021 at 11:01 | Tsvetana Paraskova

The world’s largest oil importer, China, is estimated to have drawn some crude from its oil reserves in July, although its refining throughput fell to the lowest level in over…

Rising COVID-19 Case Count Disrupt Oil Ports In China

Aug 17, 2021 at 09:57 | Irina Slav

The rising Covid-19 case count in China has begun disrupting crude oil trade as it shutters some of the world's busiest ports. Bloomberg reported earlier this week that the…

Why The U.S. Is So Vulnerable To Rising Oil Prices

Aug 16, 2021 at 11:05 | ZeroHedge

Oil markets started off the week under pressure as continued speculative “long” liquidation amid delta variant demand concerns weighed on prices. However, in an ironic twist, the oil…

What Happens If We Stop Pumping Oil Tomorrow?

Aug 16, 2021 at 09:45 | Irina Slav

In a traditionally slow news month such as August, any event of relative significance gets abundant coverage. Yet the latest report by the…

Can Carbon Capture Tech Save North Sea Oil Production?

Aug 13, 2021 at 11:20 | Felicity Bradstock

As North Sea oil exploration and production will continue for years to come, oil companies look at ways to reduce emissions following significant criticism from environmentalists. But will…

Asia Buys More U.S. Crude As Middle East Hikes Oil Prices

Aug 13, 2021 at 10:26 | Tsvetana Paraskova

Despite a slowdown in fuel demand due to the Delta variant, Asian refiners have booked more crude oil from the United States for the fourth quarter, taking advantage of the…

Brazil Soon To Become King Of Offshore Oil

Aug 13, 2021 at 09:27 | Irina Slav

Brazil is on its way toward becoming the biggest supplier of offshore oil globally, contributing some 1.3 million bpd in 2025, World Oil reports, citing a new report by…

The Oil & Gas Inflation Trap That No One Wants To Talk About

Aug 12, 2021 at 11:03 | Alex Kimani

President Joe Biden has lately sought to soothe fears that rising inflation could hurt the U.S. recovery and undermine his $4-trillion spending plans. This comes after U.S. inflation…

Venezuela’s Oil Reserves Doomed To Become The World’s Largest Stranded Asset

Aug 12, 2021 at 10:59 | Matthew Smith

The aggressive push to decarbonize the world economy is forcing big oil to examine how the carbon emissions of its operations can be reduced with a goal of…

Uganda’s Oil Boom Is Only Just Beginning

Aug 12, 2021 at 10:51 | Felicity Bradstock

Uganda is set to be a key focus of African Energy Week (AEW) in Cape Town this November, as its flourishing oil industry looks set to boom in…

OPEC Sees Oil Demand At 100 Million Bpd Next Year Despite COVID Surge

Aug 12, 2021 at 09:38 | Tsvetana Paraskova

Global oil demand is expected to average 96.6 million barrels per day (bpd) this year and exceed 100 million bpd in the second half of 2022, OPEC said on Thursday,…

Biden Calls For More Oil, But Will OPEC+ Supply It?

Aug 12, 2021 at 09:06 | Irina Slav

OPEC+ has not yet discussed President Biden's call on the cartel to increase oil production in a bid to reduce prices at the pump for American drivers, Russian Sputnik reported,…

The Dawn Of A New Era In Deepwater Drilling

Aug 11, 2021 at 10:33 | David Messler

A new era in deepwater drilling is about to begin. With the sanctioning of the Anchor project super-major operator, Chevron, NYSE: CVX) signaled that it was ready to…

Oil Sands Producers Will Need Federal Support To Go Green

Aug 11, 2021 at 10:24 | Tsvetana Paraskova

Canada’s oil industry, which operates one of the world’s most emission-intensive ways of pumping crude, has recently pledged to work to make the oil sands net-zero emission by…

U.S. Shale Scrambles To Reinvent Itself

Aug 11, 2021 at 10:19 | Tsvetana Paraskova

The U.S. oil industry continues to show capital discipline—a concept that was rather unpopular in the shale patch prior to the 2020 oil crash and crisis. 

Colombia’s Oil Industry Tumbles Amid Violent Protests

Aug 10, 2021 at 11:44 | Matthew Smith

After being rocked by a harsh 2020 where the March 2020 oil price collapse and the coronavirus pandemic sharply impacted operations Colombia’s economically…

Can Anything Replace China As Demand Driver For Oil?

Aug 10, 2021 at 11:36 | Irina Slav

That the oil-producing world is highly reliant on China's appetite is a fact we are reminded of from time to time. Last year, Chinese buyers dragged oil prices…

China’s Biggest Refiner To Refine Less Crude This Month

Aug 10, 2021 at 10:54 | Tsvetana Paraskova

China Petroleum & Chemical Corporation, or Sinopec, is expected to reduce refinery run rates by up to 10 percent at some of its facilities amid renewed travel restrictions in China…

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