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Is This The Answer To Canada’s Oil Crisis?

Is This The Answer To Canada’s Oil Crisis?

Besides oil-by-rail and new pipelines,…

How Much Further Can Venezuela’s Oil Production Fall?

How Much Further Can Venezuela’s Oil Production Fall?

With the re-inauguration of Maduro,…

Energy / Crude Oil

Oil Prices Steady After EIA Confirms Much Smaller Draw

Oil Prices Steady After EIA Confirms Much Smaller Draw

Dec 12, 2018 at 09:40 | Irina Slav

Crude oil prices remained steady today after the Energy Information Administration confirmed an API estimate of a crude oil inventory draw but a much smaller one than API’s

Canadian Crude Rises 70% On Unprecedented Output Cuts

Canadian Crude Rises 70% On Unprecedented Output Cuts

Dec 11, 2018 at 09:04 | Irina Slav

Since Alberta Premier Rachel Notley announced an oil production cut of 325,000 bpd beginning next month, the spot price for Western Canadian Select has gained over 70 percent, Bloomberg

Analysts: Output Cuts To Balance Oil Markets In 2019

Analysts: Output Cuts To Balance Oil Markets In 2019

Dec 10, 2018 at 17:08 | Nick Cunningham

With a few days to digest the specifics of the OPEC+ deal, most analysts deem the result a success. But that does not mean that there are no pitfalls…

OPEC+ Deal To Be Forged In March

OPEC+ Deal To Be Forged In March

Dec 10, 2018 at 16:35 | Julianne Geiger

OPEC and its non-OPEC partners are set to officially sign a cooperation agreement in March of next year, the UAE’s energy minister Suhail al-Mazrouei said, according to Reuters. The…

The Dangers Of China’s Growing Oil Demand

The Dangers Of China’s Growing Oil Demand

Dec 10, 2018 at 11:47 | Tim Daiss

China’s oil thirst continues to grow, despite the impact that U.S. tariffs are starting to have on the world’s second largest economy. On Saturday, preliminary data from China’s General Administration…

Saudi Arabia To Cut Oil Exports By 1 Million Bpd Next Month

Saudi Arabia To Cut Oil Exports By 1 Million Bpd Next Month

Dec 10, 2018 at 08:34 | Irina Slav

Saudi Arabia could reduce its daily crude oil shipments abroad by as much as 1 million barrels next month, Reuters reports, quoting unnamed sources close to Riyadh. According to…

OPEC+ Succeeds, What’s Next For Oil?

OPEC+ Succeeds, What’s Next For Oil?

Dec 07, 2018 at 16:49 | Nick Cunningham

Oil prices spiked on Friday on news from Vienna. OPEC+ managed to pull off an eleventh-hour agreement, checking all the boxes after a contentious set of meetings. There were…

The Real Implications Of The New Permian Estimates

The Real Implications Of The New Permian Estimates

Dec 07, 2018 at 16:37 | Haley Zaremba

This week the United States Geological Survey (USGS) announced a groundbreaking oil and gas discovery in West Texas’ Permian Basin. According to the organization’s recent press release, a whopping…

Is The OPEC Deal The Start Of A New Rally In Oil?

Is The OPEC Deal The Start Of A New Rally In Oil?

Dec 07, 2018 at 16:35 | Jim Hyerczyk

U.S. West Texas Intermediate Crude Oil soared on Friday as investors breathe a sigh of relief as OPEC and its partners decided to cut 1.2 million bpd. On Thursday, Saudi…

Permian Oil Reserves May Be Twice As Big As We Thought

Permian Oil Reserves May Be Twice As Big As We Thought

Dec 07, 2018 at 13:36 | Irina Slav

The U.S. Geological Survey has revised the technically recoverable reserves in the Wolfcamp Basin, in the Permian shale play, to 46.3 billion barrels of crude and 281 trillion cu ft…

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