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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy / Energy-General

Saudi Arabia Vs. Russia: The Next Oil Price War

Apr 06, 2017 at 16:53 | Cyril Widdershoven

International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated…

Bankrupt Oil Companies Pay Huge Bonuses To CEOs

Apr 06, 2017 at 15:19 | Irina Slav

The oil price rout that sent several hundred U.S. oil and gas companies under seems to be largely over, and in a somewhat surprising turn of events, some chief executives…

U.S. Threatens OPEC As Oil Exports Hit Record High

Apr 06, 2017 at 14:38 | Nick Cunningham

U.S. oil exports jumped to a record high in February, rising by a whopping 35 percent from a month earlier. At over 1 million barrels per day (mb/d), the U.S.…

Oil Heads Higher As Iran And Saudi Arabia Draw On Reserves

Apr 06, 2017 at 13:16 | Matt Smith

Oil is ticking higher today, as speculators continue to bet on the prospect of the market tightening. As Nonfarm payrolls beckon tomorrow, hark, here are five things to consider in…

Saudi Aramco To Invest In India’s Biggest Refinery

Apr 06, 2017 at 12:32 | Tsvetana Paraskova

Saudi Aramco is in talks to buy a stake in a planned refinery expected to be built on India’s west coast that would be the country’s biggest refinery and…

Most Middle East Oil Producers Won’t Break Even This Year

Apr 06, 2017 at 10:41 | Irina Slav

Most crude oil producers in the Middle East, Africa and the emerging economies of Europe (EEMEA) won’t be able to patch up their budgets this year, Fitch Ratings warned, forecasting…

Canadian Oil Prices Surge As Upgrader Goes Offline

Apr 06, 2017 at 09:41 | Irina Slav

An unscheduled suspension of operations at Syncrude’s upgrader in Alberta has lifted Canadian oil prices substantially, also strengthening U.S. blends that make up WTI, as the bulk of Canadian…

OPEC’s No.2 Goes Rogue: Plans 600,000 Bpd Oil Output Increase

Apr 05, 2017 at 16:47 | Irina Slav

Iraq has plans to boost its crude oil production by 600,000 bpd to 5 million bpd by the end of this year, regardless of its participation in OPEC’s production…

Obliterating ISIS May Hamper Iraqi Oil Production

Apr 05, 2017 at 16:39 | Nick Cunningham

Iraq says it cut output by 300,000 bpd in March, taking production down to an average of 4.464 million barrels per day (mb/d). That puts Iraq at about 98…

Exxon To Enter The Most Sought After Oil Play In The World

Apr 05, 2017 at 14:07 | Nick Cunningham

The Wall Street Journal reported that Exxon is looking to jump into Brazil’s offshore sector, one of a few areas of exploration where there are still enormous volumes of known…

China Just Became The No.1 Buyer Of U.S. Crude

Apr 05, 2017 at 13:54 | Tsvetana Paraskova

While OPEC is implementing production cuts, U.S. crude oil exports are steadily growing and winning customers even in China. In February, China was the biggest buyer of U.S. light crude…

The Largest-Ever Hard Assets Fund Bodes Well For Energy

Apr 05, 2017 at 10:19 | Dave Forest

Private equity continues to rise as a force in natural resources, with the resource PE industry this week unveiling the largest fund raised in global history. Private equity analysts Preqin…

Is Natural Gas In The Midst Of A Boom-Bust Cycle?

Apr 04, 2017 at 16:34 | Gregory Brew

After six decades of relying on outside sources, the United States is poised to become a consistent net exporter of natural gas. The shale boom and the rush to…

World’s Biggest LNG Exporter Just Raised The Stakes

Apr 04, 2017 at 14:44 | Irina Slav

Qatar, the world’s biggest LNG exporter, is throwing the gauntlet to other large producers around the world by removing a drilling ban for its part of the North Field –…

Don’t Be Fooled By Daily Oil Prices

Apr 04, 2017 at 14:29 | David Melton

What is the daily price of oil? It is a flash on a bank sign on Wall Street in downtown Midland. It is something people love to modify readily to…

Oil Jumps On Growing Support For OPEC Deal Extension

Apr 04, 2017 at 14:00 | Tom Kool

Oil prices rose at the beginning of the week on the back of drawing inventories and increased support for an extension of the OPEC output cut deal.

Saudi Arabia Alters Oil Pricing To Attract European Buyers

Apr 04, 2017 at 13:24 | Tsvetana Paraskova

Saudi Arabia is trying to lure buyers from European markets by changing the way it prices its oil in order to make it easier for hedging, Reuters reported on…

Gulf Of Mexico Breakeven Falls Below $50 Per Barrel

Apr 04, 2017 at 09:38 | Oil & Gas 360

Twice as many deepwater projects expected this year as the last two years combined While U.S. shale has been by far the most important topic when discussing U.S. oil and…

Is An Iraqi Production Slowdown Inevitable?

Apr 03, 2017 at 16:44 | Nawar Alsaadi

A tremendous amount of digital, and real, ink has been spilled on the ongoing oil crash, much of it has been focused on U.S. shale production. Yet, the country that…

Oil Workers Become A Priority Target In South Sudan Conflict

Apr 03, 2017 at 16:23 | Zainab Calcuttawala

Attacks on foreigners working on South Sudan’s oil and gas facilities serve as a warning for multinationals to stay away from the new country’s national resources, just as oil…

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