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Libya Reopens Oil Ports

Libya Reopens Oil Ports

The Libyan National Oil Corporation…

OPEC Won’t Take Additional Action As Oil Prices Rise

OPEC Won’t Take Additional Action As Oil Prices Rise

UAE oil minister al-Mazrouei said…

Energy / Crude Oil

Shale Drillers’ $7 Billion Hedging Error

Shale Drillers’ $7 Billion Hedging Error

Jun 14, 2018 at 16:28 | Tsvetana Paraskova

Oil producers are finding themselves in kind of a pickle. While oil prices are indeed on the rise, many producers are unable to take full advantage of this nicety because…

India, China Look To Form ‘Oil Buyers Club’

India, China Look To Form ‘Oil Buyers Club’

Jun 14, 2018 at 16:14 | Tsvetana Paraskova

India and China have discussed creating an ‘oil buyers’ club’ to be able to negotiate better prices with oil exporting countries and will be looking to import more U.S. crude…

Petrochemicals: The Future For Big Oil

Petrochemicals: The Future For Big Oil

Jun 14, 2018 at 13:54 | Irina Slav

Plastics and petrochemicals are the future of Big Oil - there is hardly any question about that if by future we mean the distant future. There is still no consensus…

Libya’s Es Sider Terminal Shuts Down After Militant Clashes

Libya’s Es Sider Terminal Shuts Down After Militant Clashes

Jun 14, 2018 at 09:34 | Irina Slav

The Es Sider oil export terminal in Libya was shut down and loadings at another one, Ras Lanuf, were suspended today after clashes between the Libyan national Army and the…

IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap

IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap

Jun 13, 2018 at 17:55 | Nick Cunningham

U.S. shale will continue its breakneck growth rate into 2019, despite bottlenecks, but the oil market still faces serious supply risks from the potential losses from Venezuela and Iran, the…

The Decisive Battle For Yemen’s Oil Port

The Decisive Battle For Yemen’s Oil Port

Jun 13, 2018 at 17:21 | Cyril Widdershoven

An Arab coalition, led by Saudi Arabia and the UAE, have started their expected military assault on the Yemeni port of Hodeidah. This military operation will most probably decide the…

Europe Is Awash With Oil Stored On Ships

Europe Is Awash With Oil Stored On Ships

Jun 13, 2018 at 16:50 | Tsvetana Paraskova

While many analysts and agencies have already called the end of the global oil glut, oil held in floating storage in Europe is at an at least 18-month-high, also due…

Russia To Propose Rolling Back 1.8 Million Bpd Of Oil Cuts

Russia To Propose Rolling Back 1.8 Million Bpd Of Oil Cuts

Jun 13, 2018 at 14:06 | Tsvetana Paraskova

Russia plans to propose to the OPEC/NOPEC allies next week that they reverse the group’s production to the October 2016 levels—the baseline for the cuts of most pact participants when…

OPEC Lifts Non-OPEC Oil Production Growth Forecast

OPEC Lifts Non-OPEC Oil Production Growth Forecast

Jun 13, 2018 at 09:48 | Tsvetana Paraskova

OPEC revised up on Tuesday its 2018 forecast for total non-OPEC supply growth, while it left unchanged its projection for world oil demand growth at 1.65 million bpd this year.…

Oil Prices Rebound On Crude, Gasoline Inventory Draws

Oil Prices Rebound On Crude, Gasoline Inventory Draws

Jun 13, 2018 at 09:46 | Irina Slav

The Energy Information Administration reported a large crude oil draw of 4.1 million barrels for the week to June 8, after a 2.1-million-barrel increase a week earlier. A…

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