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Energy / Crude Oil

Oil Theft Is A Major Problem In Latin America

Apr 28, 2021 at 13:41 | Matthew Smith

Washington’s focus on disrupting narco-trafficking in Latin America, through a combination of coca crop eradication, enforcement and seizures is placing pressure on criminal organizations to find other sources…

Oil Prices Rally Despite Bearish Backlash

Apr 28, 2021 at 12:13 | Yousef Alshammari

Despite the re-emerging Covid 19 crisis in India, oil prices maintained momentum even as OPEC+ has decided to go ahead with previously agreed production hike plans. Oil prices…

European Oil Majors Out-Traded U.S. Peers In 2020

Apr 27, 2021 at 17:22 | Julianne Geiger

Last year might have been a harrowing one for oil markets, but dozens of big-time oil traders netted tons of profit harnessing the volatility opportunities. Exxon wasn't among them.  The…

Is California’s Fracking Ban A Big Deal For The Oil Industry?

Apr 27, 2021 at 15:23 | Tsvetana Paraskova

“California needs to move beyond oil,” Governor Gavin Newsom said on Friday when he directed the Department of Conservation’s Geologic Energy Management (CalGEM) Division to initiate regulatory action to…

The 5 Most Influential Oil Companies In The World

Apr 26, 2021 at 18:11 | Alex Kimani

In a virtual climate summit with 41 world leaders, President Joe Biden on Thursday unveiled an ambitious 10-year Climate Plan that has proposed cutting U.S. greenhouse gas emissions by 50-52%…

Suriname Hopes To Become South-America’s Newest Oil Exporter

Apr 26, 2021 at 18:02 | Matthew Smith

As Guyana prepares to become a major oil production nation the spotlight is firmly on the Guyana-Suriname Basin and the former British colony’s neighbor Suriname. After decades of…

Libyan Oil Production Surprise Puts Pressure On Prices

Apr 26, 2021 at 17:00 | Simon Watkins

Given the ongoing imbalance between global oil supply and demand in the wake of the major waves of Covid-19 that hit the world last year, news that Libya is now…

Libya’s Oil Production Set To Recover As Force Majeure Is Lifted

Apr 26, 2021 at 11:10 | Tsvetana Paraskova

After falling below 1 million barrels per day (bpd) last week, Libya’s oil production could be set for recovery above that mark again, as the National Oil Corporation (NOC) said…

Energy Transition Could Doom Africa’s Oil Producers

Apr 23, 2021 at 14:13 | Alex Kimani

When it comes to the final frontier for big oil discoveries, it’s not the Guyana-Suriname basin where supergiants like ExxonMobil (NYSE:XOM), Hess Corp. (NYSE:HES),…

Canada’s Oil And Gas Industry Must Innovate To Survive

Apr 23, 2021 at 14:11 | Felicity Bradstock

As the Canadian government, like many others, aims for net-zero carbon emissions by 2050, the nation’s energy industry is investing heavily in innovation and digital technology to enhance…

Has Poland’s Energy Diversification Drive Paid Off?

Apr 23, 2021 at 14:10 | Viktor Katona

In the words of prominent Polish politician Piotr Naimski, currently serving as the European country’s plenipotentiary for strategic energy infrastructure, Polish national sovereignty is strongly correlated with the…

The Biggest Threat To Russia’s Arctic Oil Ambitions

Apr 23, 2021 at 13:56 | Vanand Meliksetian

The collapse of the Soviet Union was a geopolitical victory for the United States and a disaster for Russia which suffered politically, economically, and socially. Although citizens enjoyed…

Record COVID Cases In India Could Threaten Global Oil Demand

Apr 23, 2021 at 11:09 | Tsvetana Paraskova

Demand for fuel in the world’s third-largest oil importer, India, is crashing amid record new daily COVID cases that lead to tightening restrictions and could slow the global oil demand…

New Lockdowns In Asia Spark Oil Demand Concerns

Apr 23, 2021 at 10:47 | Jim Hyerczyk

The week got off to a promising start with prices hitting their highest level since March 18 after Libya declared force majeure on exports from the port of Hariga and…

The Future For Oil Producer Romania Looks Bleak

Apr 22, 2021 at 14:09 | Viktor Katona

Europe’s upstream segment has two main challenges – environment-related long-term objectives that gradually narrow down oil companies’ maneuvering ability in terms of where/what they can drill and deficit-ridden governments trying…

Could Iraq Really Become OPEC’s Largest Oil Producer?

Apr 21, 2021 at 17:39 | Simon Watkins

Iraq’s Oil Minister, Ihsan Abdul-Jabbar, announced last week that the country plans to increase its oil production capacity to 8 million barrels per day (bpd) by 2029, compared…

Oil Prices Steady Despite Surprise Crude Build

Apr 21, 2021 at 09:41 | Irina Slav

Crude oil prices saw a tiny dip after the Energy Information Administration reported an inventory build of 600,000 barrels for the week to April 16. This compared with…

Will COVID Derail The World’s Hottest Offshore Oil Boom?

Apr 20, 2021 at 17:36 | Matthew Smith

During a difficult 2020, Brazil’s hydrocarbon sector demonstrated its resilience in the face of a price crash and the COVID-19 pandemic. Even those events along with heightened geopolitical…

Oil Traders Slash Positions In Crude Futures As COVID Infections Soar

Apr 20, 2021 at 12:59 | Irina Slav

The continuing increase in Covid-19 infections in many parts of the world deepened concern among traders about the future of demand, which led to an outflow from oil…

World’s Largest Oil Trader Expects Strong Demand Rebound This Year

Apr 20, 2021 at 10:01 | Tsvetana Paraskova

Global oil demand is set for a rebound between now and the end of next year, with consumption expected to rise from current levels by as much as 8 million…

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