In response to Iran's attack…
Tesla is laying off over…
The following OPEC charts were created with data from the OPEC Monthly Oil Market Report. All OPEC charts are through February 2019 and is in thousand barrels per day.
A Saudi human rights commission said on Thursday that it was bringing those accused over the murder of Saudi dissident journalist Jamal Khashoggi to justice. However, the commission also…
Chinese refineries processed 102.49 million tons of crude oil during the first two months of the year, up 6.1 percent on the year, according to customs data. This translated into…
The United States will likely extend the Iran sanction waivers that it granted eight countries importing crude from Iran, but will demand that they reduce their intake of the commodity,…
Ordinary people in Venezuela are bearing the brunt of the ongoing power struggle in the country and last week’s blackout. While the power outage in the country which holds the…
U.S. crude oil production will continue to set records, but the pace of growth could be slower than what was thought just a month ago, according to the EIA’s latest…
Are you getting bored of the oil market yet? Traders are. Brent crude achieved just a $3.12 range in the ten trading days ended March 12th, representing its most narrow…
Sources - High-level US official- Former Aramco executive- American businessman in Saudi Arabia- 3 prominent Indian businessmen in UAE NOPEC Isn’t Going to Happen A bipartisan measure…
The contract of the century will most likely last just about a quarter of a century as Russia’s appetite for Caspian crude and gas has been put on the backburner…
The International Energy Agency (IEA) released its Oil 2019 report March 11, providing forecasts to 2024. The IEA paints an extraordinary picture of transition for the oil industry, but it…
A plethora of factors contributed to crude moving up this week, with the EIA scaling back its US output estimate (cooling the bullish sentiment a bit), Saudi Aramco restating its…
Iran is on a discreet mission to procure second-hand oil tankers in order to keep exporting crude oil. This comes after U.S. sanctions on its oil and shipping industries scared…
Oil market participants had started to worry in advance about how the U.S. sanctions on Iran in November would impact global supply, causing oil prices to shoot up to four-year-highs…
The Energy Information Administration reported a crude oil inventory decline of 3.9 million barrels for the week to March 8, versus a build of 7.1 million barrels a…
Oil prices jumped to two-week highs on Tuesday morning, rising on the back of severe outages in Venezuela and the ongoing production cuts from OPEC+. A devastating electricity blackout…
The ambitious shale growth plans of the U.S. supermajors could in the future allow them to control so much of U.S. shale oil production that they could also control the…
Earlier this month when pipeline operator Enbridge said its Line 3 pipeline will only return to operation in the second half of 2020, it was very bad news for Alberta.…
India is making major policy changes in order to attract more foreign investment and exploration in its oil and gas fields. As part of a considerable overhaul in how they…
Less than two weeks after Alaska Gov. Michael Dunleavy cast doubt over the $43 billion Alaska LNG project, two oil majors have resuscitated hope that the massive capex project…
Bullish news from Saudi Arabia sent oil prices higher on Tuesday morning, but market uncertainty still remains.