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The U.S. Supermajors Double Down on World's Top Oil Basins

The U.S. Supermajors Double Down on World's Top Oil Basins

The U.S. supermajors are doubling…

Oil Moves Higher on Inventory Draw

Oil Moves Higher on Inventory Draw

Crude oil prices ticked higher…

Energy / Crude Oil

UAE And Israel Look To Forge Energy Ties Through New Pipeline

Mar 09, 2021 at 10:52 | Vanand Meliksetian

President Trump’s Middle East policy was highly incoherent and transformative as it didn't continue the long-term strategies set by previous presidents. However, it did achieve the unprecedented rapprochement between several…

$70 Oil May Cause Slowdown In Demand Recovery

Mar 08, 2021 at 18:00 | Tsvetana Paraskova

While the unexpected rollover of the OPEC+ production cuts sent Brent Crude prices up to $70 a barrel, the highest oil prices in more than a year could dampen…

Energy Transition Leads To Higher Oil Prices, Metals Shortage

Mar 08, 2021 at 16:07 | Irina Slav

Three billion tons: this is how much metals and minerals the energy transition will require, according to a World Bank report. Demand for…

World’s Top Oil Trader: OPEC+ Controls The Market

Mar 08, 2021 at 11:02 | Tsvetana Paraskova

The unexpected OPEC+ move from last week and the subsequent oil price surge showed that the alliance is in control of the oil market, according to Vitol Group, the world’s…

The Crisis Isn't Over For Oil Refiners

Mar 05, 2021 at 16:45 | Tsvetana Paraskova

Refiners and integrated oil firms continue to struggle with low refining margins, as a part of global oil demand—jet fuel consumption—is still enormously depressed by international travel restrictions. …

India: OPEC+ Decision Could Derail Oil Demand Recovery

Mar 05, 2021 at 11:08 | Tsvetana Paraskova

The world’s third-largest oil importer, India, is concerned that Thursday’s OPEC+ decision not to lift oil production in April could hurt the consumption-led recovery in oil demand, Indian Petroleum Minister…

China’s Oil Demand May Be Overestimated

Mar 04, 2021 at 18:08 | Tsvetana Paraskova

Robust oil demand in Asia has supported the bullish sentiment on the oil market in recent weeks, but the higher oil prices may cool off crude purchases from the world’s…

Will Private Shale Firms Crush The OPEC Oil Rally?

Mar 03, 2021 at 17:20 | Tsvetana Paraskova

This year’s rally in oil prices brings back an all-too-familiar question for the oil market and the OPEC+ group: Will U.S. shale come back faster than expected to ruin the…

Is This The World’s Next Big Offshore Oil Region?

Mar 03, 2021 at 16:56 | Matthew Smith

The COVID-19 pandemic, 2020 crude oil price crash and ongoing global petroleum supply glut have done little to slow the growth of South America’s massive offshore oil boom.…

Oil Prices Falter On Colossal Crude Inventory Build

Mar 03, 2021 at 09:43 | Irina Slav

Crude oil prices dropped today after the Energy Information Administration reported what can only be described as a colossal crude oil inventory build of 21.6 million barrels for the…

OPEC+ Considers Keeping Oil Cuts Unchanged Through April

Mar 03, 2021 at 08:45 | Tsvetana Paraskova

The OPEC+ group is considering keeping their collective oil production cuts in April, given the still-fragile global demand recovery, three OPEC+ sources told Reuters on Wednesday. OPEC and its…

What To Expect From The Upcoming OPEC+ Meeting

Mar 02, 2021 at 13:33 | Yousef Alshammari

After breaking the $50 barrier last year, oil prices are currently trading above $60. The major drivers behind this rally include the rise…

Deep Oil Cuts Put Africa At Serious Risk

Mar 01, 2021 at 16:58 | Alex Kimani

About two decades ago, The Economist [infamously] dubbed Africa as the “Hopeless Continent”, claiming that the new millennium had brought more disaster than hope to Africa with threats of famine…

OPEC Oil Production Plunges In February Thanks To Saudi Cut

Mar 01, 2021 at 11:01 | Tsvetana Paraskova

Saudi Arabia’s unilateral additional cut in oil production sent the total OPEC output down by 870,000 barrels per day (bpd) in February, the first monthly drop in the cartel’s production…

U.S. Oil Production Fell To 11 Million Bpd In December

Feb 26, 2021 at 15:26 | Julianne Geiger

U.S. crude oil production fell in December to an average 11.063 million barrels per day, according to the Energy Information Administration’s latest monthly report. U.S. crude oil production fell…

One Of The World’s Oldest Oil Companies Looks To Stage A Comeback

Feb 26, 2021 at 14:33 | Felicity Bradstock

North Sea producer Premier Oil has gained regulatory and antitrust approval to re-emerge under its new trading name Harbour Energy Plc. having agreed to a merger due to…

Jet Fuel Demand Is The Only Thing Holding Oil Back

Feb 24, 2021 at 12:19 | Tsvetana Paraskova

Oil prices have rallied since the start of this year, pushed up by the OPEC+ cuts tightening the market and the vaccine rollouts. Analysts and industry…

Suriname Looks To Ramp Up Oil Production In A Big Way

Feb 24, 2021 at 10:53 | Matthew Smith

Saudi Arabia’s surprise January 2021 one million barrel per day production cut has sparked a sense of bullishness over the outlook for crude oil. The international Brent benchmark…

Argus: Oil Demand Will Not Plunge Because Of The Energy Transition

Feb 23, 2021 at 10:39 | Tsvetana Paraskova

The energy transition and the growing share of electrification of transportation will not lead to a fast decline in global oil demand—any drop in consumption will be very gradual, Argus…

Will New Zealand Ever Unlock Its Oil Potential?

Feb 19, 2021 at 15:03 | Felicity Bradstock

Small oil producer New Zealand has halted exploration of a potentially major oil field in the wake of the Covid-19 pandemic and increased regulator pressure.  New…

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