Suriname's oil boom hopes are…
Standard Chartered has predicted global…
Despite a late Santa rally in the oilpatch this week, it's probably time to recognize that we are on the verge of a reset of expectations for the oil sector…
Oil prices recouped some losses on the last trading day of the year with Brent crude set to close well below $80 per barrel.
At their latest meeting in early December, the Organization of Petroleum Exporting Countries and its partners, led by Russia, agreed to reduce their combined production of crude oil to…
In late 2021, President Biden ordered the release of 50 million barrels of crude from the Strategic Petroleum Reserve to bring down the price of gasoline. Then, in the…
Given the festive time of year, it is perhaps fitting that senior Iraqi politicians are again pushing for the full activation of the ‘Iraq-China Framework Agreement’, which is akin to…
U.S. crude oil production has overwhelmingly exceeded earlier forecasts and has grown at a much faster pace this year, offsetting much of the OPEC+ efforts to push up prices by…
The recent easing of sanctions between the United States and Venezuela, marked by pivotal legal settlements and new commercial arrangements, represents a significant turning point for the global energy industry.…
The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA…
Defying earlier expectations of slowing growth, U.S. crude oil production has surged this year to extend America's lead at the top of the ranking of the world's biggest oil producers. …
The Gulf of Guinea has become famous for its piracy crimes over the last two decades, with many ships being invaded by modern-day pirates looking for wealth. Despite repeated attempts…
Since mid-November, Houthi rebels in Yemen have significantly stepped up attacks on commercial shipping vessels in-transit via the lower Red Sea in retaliation for Israel’s war on Hamas in the…
Crude oil prices moved lower today after the U.S. Energy Information Administration reported an estimated inventory increase of 2.9 million barrels for the…
The oil and gas multinational divestment from the Niger Delta that kicked off over a decade has now hit fever pitch. Hordes of oil and gas majors have exited the…
Diesel and other distillate inventories are higher now than they were this time last year, suggesting that a tight global diesel market has started to ease, in part due to…
Since the mid-1990s, China has been the key global buyer of multiple commodities needed to power its economic growth. The purpose of this growth was partly to create and enlarge…
Hedge funds have cut their bullish bets on crude oil to record lows as the market reacts to increasing U.S. inventories and fear that OPEC+ will not fully deliver on…
What started as a pretty regular year in mergers and acquisitions in oil has turned into a year to remember after Exxon and Chevron announced massive merger plans. Now, Occidental…
Crude oil prices reversed their decline today, after the U.S. Energy Information Administration reported an estimated inventory draw of 4.3 million barrels for the week to December 8. This…
OPEC’s crude oil production fell in November for the first time in months, while U.S. oil output continued to reach new highs, OPEC said in its monthly report on…
Several prominent energy stocks are teetering on the precipice of the dreaded "death cross" trading pattern, potentially heralding another big down leg in the minds of many traders. The