Washington University in St. Louis…
U.S. supermajors ExxonMobil and Chevron,…
The Financial Times, citing unnamed…
Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week—a loss in rigs for the second week in a row, with a 10-rig decrease…
Libya’s crude oil production has fallen by about 300,000 bpd since the start of this month on the back of oil export terminal shutdowns amid harsh weather and full storage…
Oil prices shot up on Friday after the stubborn holdout Iran agreed to have OPEC reduce oil production by a total of 800,000 bpd, while non-OPEC nations, led by…
While U.S. President Donald Trump continues to call on OPEC to keep oil prices low, because “The World does not want to see, or need, higher oil prices!”, one…
Iraq, OPEC’s second-largest oil producer and one of Iran’s largest trade partners might come to enjoy even longer sanction waivers from Washington than the eight countries that scored a 180-day…
The United States became a net oil exporter last week for the first time in 75 years, and even if it is likely to be for just one week,…
The U.S. government wants to help build a petrochemical hub in Appalachia, one that could rival, or complement, the concentration of petrochemical facilities on the Gulf Coast. The shale gas…
News coming out of the Philippines is that yet another group of companies is trying to be the first to build a working liquefied natural gas (LNG) receiving terminal in…
Oil prices crashed early Thursday, as OPEC failed to reveal a solid agreement in Vienna, at least not yet. After hours of meetings, OPEC cancelled its news conference,
As oil markets hold their breath for OPEC+’s announcement of the final production cuts to take place starting next year, the Energy Information Administration served a nice surprise to oil…
The joint ministerial committee of OPEC and non-OPEC ministers that oversaw the production cuts from 2017 and the first half of this year has once again recommended that the cartel…
The oil market is understandably in a state of suspense this week, eagerly fixated on the events unfolding in Vienna. But regardless of what happens, the market is in for…
Even more cracks may be forming within OPEC, even as market pundits continue to analyze Qatar’s decision two days ago to withdraw from the oil producing cartel. Michael Cohen,…
The explosive production growth in the U.S. shale patch has surprised even the most optimistic forecasters, but the huge jumps in output belies and obscures the financial state of the…
After several months of oil price rises and then a sharp reversal over the last few weeks, world oil markets are in for more heightened volatility next year because of…
Since the oil industry started to recover from the 2014 price crash, U.S. supermajors ExxonMobil and Chevron have been re-aligning their global operations with their longer-term priorities, betting more on…
Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of 150,000 bpd, or half of the oil production…
Every once in a while, a new technological development shakes up a conservative sector. In the oil and gas industry, the shale revolution has changed the business in multiple ways.…
OPEC’s meeting this Thursday in Vienna may not lead to an agreement to start reducing production, Iran’s OPEC governor said, as quoted by S&P Global Platts. Hossein Kazempour Ardebili…
Canadian crude oil shot up by 35 percent on Monday, narrowing the huge gap with West Texas Intermediate thanks to a controversial decision by the Alberta government to impose production…