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U.S. Drilling Activity Slips

U.S. Drilling Activity Slips

The total number of active…

$2-Trillion Funding Gap Casts Shadow over Energy Transition

$2-Trillion Funding Gap Casts Shadow over Energy Transition

Blackrock's Michael Dennis said that…

Energy / Energy-General

Oil Rig Count Inches Higher As Prices Stabilize

Feb 14, 2020 at 12:19 | Julianne Geiger

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 Set For First Weekly Gain In Six Weeks

Feb 14, 2020 at 09:04 | Tsvetana Paraskova

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…

Russia And Saudi Arabia Fight For Market Share In This Huge Oil Market

Feb 13, 2020 at 14:24 | Viktor Katona

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…

Do Oil Drillers Need A New Business Model?

Feb 13, 2020 at 13:57 | Tsvetana Paraskova

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…

Africa’s Largest Oil Nation Could See Production Drop 35%

Feb 13, 2020 at 13:06 | Tsvetana Paraskova

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…

Global Oil Inventories Set To Soar As OPEC Fails To Take Action

Feb 13, 2020 at 11:48 | Rystad Energy

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…

Big Oil Warned Trump That China Trade Deal Wouldn't Work

Feb 13, 2020 at 09:33 | Irina Slav

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…

The Real Reason The Saudis Are Desperate To Restart This Giant Oilfield

Feb 12, 2020 at 17:09 | Simon Watkins

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…

How Much Further Can Libya’s Oil Production Fall?

Feb 12, 2020 at 15:00 | Viktor Katona

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…

North Dakota’s Crude Oil Production Could Peak Within 5 Years

Feb 12, 2020 at 12:00 | Tsvetana Paraskova

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 Sees Oil Demand Grow By 990,000 Bpd In 2020

Feb 12, 2020 at 11:18 | Tsvetana Paraskova

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.…

Scientists Create New Material To Cut Emissions From Oil Refining

Feb 11, 2020 at 16:44 | Tsvetana Paraskova

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…

Global Energy Emissions Are Falling Flat

Feb 11, 2020 at 15:59 | Alex Kimani

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…

Oil Up Despite Demand Fears

Feb 11, 2020 at 13:25 | Tom Kool

(Click to enlarge) (Click to enlarge) (Click to enlarge)

Global Oil Demand Growth Is Evaporating

Feb 11, 2020 at 09:37 | Rystad Energy

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…

Oil Traders Could Lose Big On Coronavirus Panic

Feb 10, 2020 at 16:56 | Simon Watkins

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…

Oil Sinks To Prices Not Seen Since 2018

Feb 10, 2020 at 15:41 | Julianne Geiger

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 And Gas Prices Fall As OPEC Fails To Act

Feb 10, 2020 at 13:22 | Nick Cunningham

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…

Peak Shale Could Spark An Offshore Drilling Boom

Feb 10, 2020 at 13:09 | Kurt Cobb

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…

Oil Could Drop To Mid-$40s As Demand Crumbles

Feb 10, 2020 at 10:48 | ZeroHedge

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…

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