The total number of active…
Blackrock's Michael Dennis said that…
Baker Hughes reported that the number of oil and gas rigs in the US held fast yet again this week at 790, with the total oil and gas rig falling…
Oil prices were set early on Friday for their first weekly gain since early January as the market shook off the coronavirus panic and hoped for a Chinese stimulus in…
One of the last bulwarks of global crude demand, India has been in the thick of national NOCs’ attention – Saudi Arabia will from now on participate in India’s Strategic…
Exploration and production (E&P) companies are set to face one of the biggest challenges - if not the biggest challenge ever - to their business models. This challenge is a…
Nigeria’s oil production could drop by 35 percent in the next ten years as regulatory uncertainty and costs amid languishing oil prices may prompt oil majors to postpone final investment…
The coronavirus outbreak in China will curb global oil demand growth by at least a quarter this year, and the production cuts of 600,000 barrels per day…
The American Petroleum Institute warned the Trump administration that the U.S. oil industry would be hard pressed to produce all the oil China has committed to buy under the Phase…
Sources from Kuwait and Saudi Arabia last week let it be known that trial production of 10,000 barrels per day (bpd) would start at the Khafji field in the ‘Partitioned…
As the 2019-nCoV coronavirus continues to wreak havoc on the oil markets, dropping oil prices more vehemently and abruptly than the 2003 SARS outbreak did, the current plight of Libya…
Crude oil production in North Dakota could peak over the next five years as producers will have drilled up the core production areas and will have to move to…
OPEC slashed on Wednesday its global oil demand growth forecast for 2020, expecting the coronavirus outbreak to weigh heavily on fuel demand in the world’s oil demand growth driver, China.…
As the world grapples with containing carbon emissions to fight climate change, scientists have created a new material that has the potential to reduce emissions from crude oil refining and…
Finally, a positive climate-related note coming out of the fossil fuels industry at a time when its reputation is beyond battered as it takes the bulk of the blame for…
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The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has…
In a market environment in which the majority of day-to-day traders are retired, moved on, or fired within a decade or less, the reaction to events of a type that…
Market fears and weak oil demand have prompted a continued oil price slide, with both the Brent crude and WTI crude benchmarks falling on Monday to lows not seen since…
Oil sank again as OPEC+ backed away from an emergency meeting. OPEC’s Joint Technical Committee (JTC) recommended extending the current production cuts through the end of the year while…
John Hess, CEO of Hess Corporation, a large U.S.-based independent oil producer, recently told a Houston audience where he's putting the company's money these days: Offshore drilling. That should strike…
With WTI sliding below $50 on Sunday evening, expect even more downside according to S&P Global Platts' Claudia Carpenter, who writes that oil prices will probably drop to…