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Iran’s Crude Exports Plunge To 1.1 Million Bpd

Iran’s Crude Exports Plunge To 1.1 Million Bpd

Iran’s crude oil exports continued…

Energy / Crude Oil

Why OPEC Is Concerned About Global Demand Growth

Why OPEC Is Concerned About Global Demand Growth

Sep 12, 2018 at 11:07 | ZeroHedge

Amid fears of global oil supply disruption and production curbs, in its latest monthly report, OPEC expects global oil supplies to remain stable, while cautioning that demand is becoming…

Oil Prices Rally On Significant Crude Draw

Oil Prices Rally On Significant Crude Draw

Sep 12, 2018 at 09:47 | Irina Slav

A day after the American Petroleum Institute gave oil bulls a cause for celebration with an estimated 8.636-million-barrel inventory decline for the week to September 7, the Energy Information…

Saudi Arabia Boosts Oil Supply To Asia As Iran Sanctions Return

Saudi Arabia Boosts Oil Supply To Asia As Iran Sanctions Return

Sep 12, 2018 at 09:03 | Tsvetana Paraskova

Saudi Arabia has the chance to regain Asian market share after at least three North Asian refiners have asked to receive extra supplies of Saudi oil for…

Can Oil Demand Really Peak Within 5 Years?

Can Oil Demand Really Peak Within 5 Years?

Sep 11, 2018 at 17:45 | Nick Cunningham

Oil demand could peak as soon as five years from now. Predicting the point at which the world reaches peak oil demand has become something of a cottage industry. The…

New Fuel Efficiency Rules Could Boost Oil Consumption

New Fuel Efficiency Rules Could Boost Oil Consumption

Sep 11, 2018 at 13:47 | Robert Rapier

Last month, the Trump Administration announced that it would replace fuel efficiency standards enacted by the Obama Administration in order to make cars safer and more affordable. The new proposal unveiled…

Why The U.S. Is Suddenly Buying A Lot More Saudi Oil

Why The U.S. Is Suddenly Buying A Lot More Saudi Oil

Sep 10, 2018 at 17:27 | Tsvetana Paraskova

For a few months now, OPEC has been boosting production to ease concerns about high oil prices amid expected supply losses from Venezuela and Iran. The cartel’s largest producer and…

The Downside For Oil Is Limited

The Downside For Oil Is Limited

Sep 07, 2018 at 17:39 | Nick Cunningham

More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next? Oil prices…

Texas Oil Production Continues To Soar

Texas Oil Production Continues To Soar

Sep 06, 2018 at 17:01 | Ron Patterson

These first charts are taken from the EIA’s Monthly Crude Oil and Natural Gas Production. The data is through June 2018 and is in thousands of barrels per day.

The Next Global Oil Hotspot

The Next Global Oil Hotspot

Sep 06, 2018 at 13:09 | Irina Slav

There are at least 41 billion untapped barrels of crude oil in sub-Saharan Africa, the U.S. Geological Survey estimated two years ago. During the downturn, oil companies bought licenses…

OPEC Head: Global Oil Demand To Hit 100 Million Bpd This Year

OPEC Head: Global Oil Demand To Hit 100 Million Bpd This Year

Sep 05, 2018 at 11:29 | Tsvetana Paraskova

Global oil demand will reach 100 million bpd later this year, “much sooner” than previously anticipated, OPEC’s Secretary General Mohammad Barkindo said an event on Wednesday, in a sign…

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