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Energy

Strong Crude Inventory Draw Sends Oil Higher

Sep 11, 2019 at 09:46 | Irina Slav

Oil prices jumped higher after the Energy Information Administration reported a draw in crude oil inventories of 6.9 million barrels for the week to September 6. A day earlier,…

Weakening Shale Productivity “VERY Bullish” For Oil Prices

Sep 10, 2019 at 17:30 | Nick Cunningham

After years of improvements in drilling techniques and impressive “efficiency gains,” there is now evidence that the U.S. shale industry is reaching the end of the road…

U.S. Plays ‘Whac-a-Mole’ Game With Iran

Sep 10, 2019 at 17:04 | Simon Watkins

The latest U.S. sanctions against Iran’s oil shipping network are the latest sign that the ongoing confrontation between the U.S. and Iran operates on a number of discordant levels of…

Oil Markets Face Serious Risk Of New Supply Crunch

Sep 10, 2019 at 16:54 | Tsvetana Paraskova

Weakening global economy and slowing oil demand growth, coupled with growing U.S. shale production, have pushed the oil glut narrative to the top of the media and analyst attention this…

Iran Has Perfected The Art Of Hiding Its Oil Tankers

Sep 10, 2019 at 15:54 | Irina Slav

Iran’s monthly oil exports deserve to be added to bookmakers’ lists. The sanction-bound country has ways to ship its crude oil largely undetected, with many cargo tracking firms struggling to…

Oil Rally Continues As Bulls Gain Confidence

Sep 10, 2019 at 12:35 | Tom Kool

Investor Alert: Gain Access To The Ultimate Network Of Energy Experts From geopolitical breakthroughs to trading tips and advice…

Oil Flashcrashes After Trump Fires Security Advisor Bolton

Sep 10, 2019 at 11:47 | Julianne Geiger

A new deal between the United States and Iran may be on the horizon as US President Donald Trump just fired US National Security Advisor John Bolton—and oil prices are…

The World's Largest IPO Is Ready To Go

Sep 10, 2019 at 10:11 | Tsvetana Paraskova

Saudi oil giant Aramco is ready to list on international markets alongside its primary listing on the Saudi stock exchange, Aramco’s chief executive officer Amin Nasser said…

Bullish Sentiment Is Back In Oil Markets

Sep 10, 2019 at 09:06 | Irina Slav

Crude oil extended a five-day winning streak today as signals from OPEC officials suggest that the oil production cut deal agreed last December could be extended further. A ministerial reshuffle…

Oil Rises On Saudi Shakeup

Sep 09, 2019 at 17:29 | Nick Cunningham

In a dramatic reshuffling, Saudi Arabia replaced its energy minister, putting in place the son of the king and ousting Khalid al-Falih. Prince Abdulaziz bin Salman will take over…

Is OPEC’s No.2 Finally Cutting Production?

Sep 09, 2019 at 17:23 | Tsvetana Paraskova

Since OPEC started restricting oil production, Iraq—the cartel’s second-largest oil producer behind Saudi Arabia—has exceeded its output cap almost every month for more than two and a half years now.…

A New Era For Saudi Oil

Sep 09, 2019 at 16:29 | Cyril Widdershoven

After a long time of low-profile strategic moves, Saudi Crown Prince Mohammed bin Salman stepped back into the spotlights with a bang. International media are still digesting the news of…

Russia Considers Possibility Of $25 Oil Next Year

Sep 09, 2019 at 15:23 | Julianne Geiger

Russia is considering the notion that oil prices may be as low as $25 per barrel in 2020, the country’s central bank said in its new forecast published on Monday,…

Tesla’s Battery Researcher Tests 1-Million-Mile Battery Cell

Sep 09, 2019 at 12:52 | Tsvetana Paraskova

A team from the Dalhousie University in Halifax, Canada, who do research for Tesla, said in a recently published paper that they had tested lithium-ion battery cell chemistry expected…

Oil Rises As New Saudi Oil Minister Hints At Further Cuts

Sep 09, 2019 at 12:32 | Tsvetana Paraskova

Saudi Arabia reassured oil markets on Monday that the oil policy of OPEC’s largest producer and de facto leader wouldn’t change radically under its new energy minister, who also

China Faces Another EV Subsidy Scandal

Sep 09, 2019 at 11:53 | Jon LeSage

Generous government subsidies have been behind China taking the lion’s share of global electric vehicle sales in recent years — but now they’re being called to question…

Shale Slowdown Could Trigger Major New Oil Price Rally

Sep 09, 2019 at 10:47 | Dan Steffens

Two weeks ago, Oilprice.com published my notes which supported my belief that U.S. oil production has “hit a wall”. Last week, EIA confirmed my conclusion. The EIA’s 941…

Saudi King Ousts Al-Falih From Oil Ministry, Appoints Son

Sep 09, 2019 at 09:03 | Irina Slav

Saudi Arabia’s King Salman has replaced Energy Minister Khalid al-Falih with his son Abdulaziz, a long-term member of the Saudi delegation to OPEC. CNN quoted a source from OPEC…

OPEC Needs A Miracle To Push Prices Higher

Sep 06, 2019 at 17:34 | Irina Slav

It’s not a secret: OPEC has painted itself into a corner by relying exclusively on supply control to be able to manipulate international oil prices in a way that is…

Alaska’s Last Oil Frontier Will Never Be Developed

Sep 06, 2019 at 17:27 | Philip Verleger

The Arctic National Wildlife Refuge (ANWR) has long been of great interest to oil executives, state and federal politicians, and those concerned with the United States’ energy security. Until fracking…

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