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Energy / Crude Oil

The UK Remains Committed To North Sea Oil Ambitions Despite Climate Goals

Jun 25, 2021 at 11:47 | Felicity Bradstock

The U.K. continues to stand by its oil and gas commitments even following this month’s G7 climate change conference in Cornwall, international pressure to move away from fossil…

Top 3 Best Performing Small-Cap Oil Stocks

Jun 24, 2021 at 17:04 | Alex Kimani

Oil prices rallied to their highest levels in two and a half years after OPEC+ recently agreed to extend its historic production cuts.…

Oil And Gas Companies Set For Record Free Cash Flow This Summer

Jun 24, 2021 at 11:45 | Rystad Energy

With oil trading above $70 per barrel while investment activity remains low, the world’s publicly traded exploration and production (E&P) companies are set to generate record-breaking free cash flows (FCF)…

Analysts Expect OPEC+ To Raise Oil Supply From August

Jun 24, 2021 at 11:04 | Tsvetana Paraskova

The OPEC+ alliance is widely expected to decide next week to further ease the collective production cuts, but the additional supply from August will likely still be less than the…

Will Canada’s Oil Sands Survive The Green Revolution?

Jun 23, 2021 at 15:04 | Haley Zaremba

Canada’s climate is heating up at a rate twice as fast as the rest of the world. In order to avoid the worst impacts of climate change, experts…

Suriname's Oil Boom Keeps Getting Hotter

Jun 23, 2021 at 15:00 | Matthew Smith

The Guyana-Suriname Basin, which the U.S. Geological Service estimates hold crude oil resources of up to 33 billion barrels, is in the midst…

Can Russia Become A Major Player In Helium Markets?

Jun 23, 2021 at 12:09 | Fares Kilzie

This month, Gazprom launched the first of six lines of the Amur Gas Processing Plant (GPP). By 2025, when the plant reaches its design capacity,…

Big Oil Backs $100 Crude Narrative

Jun 23, 2021 at 11:02 | Charles Kennedy

Three Big Oil chief executives have joined analysts and traders in expecting Brent crude to reach $100 per barrel, Bloomberg reports. Exxon’s Darren Woods, Patrick Pouyanne of TotalEnergies, and Shell’s…

Oil Climbs Higher On Bullish EIA Data

Jun 23, 2021 at 10:08 | Irina Slav

Oil prices jumped further today after the Energy Information Administration reported a crude oil inventory draw of 7.6 million barrels for the week to June 18. This compared with…

Oil Rally Unlikely To Be Derailed By Supply Side Risks

Jun 22, 2021 at 12:22 | Yousef Alshammari

Despite trading at above $74, Brent prices retreated following the comments made by the chairman of the Federal Reserve which gave a boost to the US dollar.

Is OPEC+ Ready To Open The Taps?

Jun 22, 2021 at 08:58 | Irina Slav

OPEC+ is mulling over a further relaxation in its oil production cut agreement beginning August, Reuters has reported, citing unnamed sources in the…

Why U.S. Shale Won’t Derail The Oil Rally

Jun 21, 2021 at 11:06 | Tsvetana Paraskova

For the first time in nearly a decade, OPEC has solid reasons to believe that its control over the global oil supply will not be ruined by a…

China Reports Major Oil And Gas Find At Record Depths

Jun 21, 2021 at 09:52 | Irina Slav

China National Petroleum Corporation has made an oil and gas discovery with reserves estimated at 900 million tons, Chinese media reported. The discovery was made after six years of…

U.S. Rig Count Jumps As Oil Prices Hold Above $70

Jun 18, 2021 at 12:09 | Julianne Geiger

Baker Hughes reported on Friday that the number of oil and gas rigs in the United States rose this week, bringing the total rig count to 470 as U.S. drillers…

OPEC Doesn’t Expect More U.S. Shale Oil Production

Jun 18, 2021 at 09:49 | Tsvetana Paraskova

Despite $70 oil, U.S. shale producers are not expected to significantly raise crude production this year as they continue to be focused on disciplined capital expenditures and returning more cash…

Gulf Of Mexico Drillers Evacuate Platforms As Tropical Storm Nears

Jun 18, 2021 at 08:57 | Irina Slav

Oil companies operating in the Gulf Coast have started evacuating employees from platforms there ahead of a tropical storm that is brewing in the Gulf. "A tropical or subtropical depression…

The Renewable Boom Has Barely Impacted Oil & Gas

Jun 17, 2021 at 16:47 | Tsvetana Paraskova

A decade ago, fossil fuels accounted for just over 80 percent of final energy consumption in the world. During the last ten years, renewable energy has boomed, and…

Russian Drillers Rejoice As Oil Continues To Rally

Jun 17, 2021 at 16:36 | Vanand Meliksetian

Russia’s oil and gas industry has been the driving force behind its economy ever since the first oil fields were discovered in Tsarist Russia at the end of the 19th…

Can Ecuador’s Oil Industry Finally Begin To Recover?

Jun 17, 2021 at 12:59 | Matthew Smith

Former banker Guillermo Lasso’s surprise victory over favored candidate leftist Andres Arauz in Ecuador’s presidential election last month established a more optimistic outlook…

Biden, Putin Did Not Discuss Oil Prices Or OPEC+ Deal

Jun 17, 2021 at 11:04 | Charles Kennedy

The leaders of the United States and Russia did not discuss oil prices or the OPEC+ deal at their summit in Geneva on Wednesday, Vladimir Putin’s Press Secretary Dmitry Peskov…

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