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Explaining the Israel and Iran Missile Exchange

Explaining the Israel and Iran Missile Exchange

In response to Iran's attack…

Tesla to Lay Off Over 10% of Global Workforce

Tesla to Lay Off Over 10% of Global Workforce

Tesla is laying off over…

Energy / Energy-General

Was 2018 The Peak For Crude Oil Production?

Mar 14, 2019 at 13:00 | Ron Patterson

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.

The Khashoggi Killing Is Driving Saudi Oil Diversification

Mar 14, 2019 at 11:44 | Tim Daiss

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…

China’s Crude Oil Throughput Hits Record High

Mar 14, 2019 at 10:14 | Irina Slav

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…

U.S. Aims To Bring Iran Oil Exports Below 1 Million Bpd

Mar 14, 2019 at 09:49 | Irina Slav

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,…

Venezuela’s Latest Nightmare: Crude Oil In The Tap Water

Mar 13, 2019 at 15:46 | Tsvetana Paraskova

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…

The EIA Cuts U.S. Oil Output Projections

Mar 13, 2019 at 13:55 | Tsvetana Paraskova

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…

Saudi Power Over Oil Prices Is Limited

Mar 13, 2019 at 12:54 | Editorial Dept

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…

Global Intelligence Report – 13th March 2019

Mar 13, 2019 at 12:52 | Editorial Dept

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…

Can The Caspian Still Become A Hydrocarbon Hub?

Mar 13, 2019 at 12:50 | Editorial Dept

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 IEA’s Search For A New Narrative Of Doom

Mar 13, 2019 at 12:48 | Ross McCracken

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…

Unpacking A Wild Week In Oil Markets

Mar 13, 2019 at 12:46 | Editorial Dept

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’s Secret Oil Tanker Mission

Mar 13, 2019 at 11:36 | Tsvetana Paraskova

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…

What’s Holding Oil Prices Back?

Mar 13, 2019 at 10:54 | Tsvetana Paraskova

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…

Oil Prices Spike As EIA Confirms Inventory Draw

Mar 13, 2019 at 10:10 | Irina Slav

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 Markets See An Explosion Of Bullish News

Mar 12, 2019 at 13:42 | Nick Cunningham

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…

U.S. Supermajors Could Form A New Oil Cartel

Mar 12, 2019 at 13:41 | Tsvetana Paraskova

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…

Is A Crisis Looming For Canadian Oil?

Mar 12, 2019 at 13:23 | Irina Slav

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.…

Why India Is Overhauling Its Oil & Gas Policy

Mar 12, 2019 at 13:22 | Haley Zaremba

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…

The Oil Majors Aiming To Save Alaska’s LNG Dreams

Mar 12, 2019 at 12:40 | Tim Daiss

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…

Oil Prices Inch Higher On Venezuelan Crude Crisis

Mar 12, 2019 at 12:38 | Tom Kool

Bullish news from Saudi Arabia sent oil prices higher on Tuesday morning, but market uncertainty still remains.

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