Plastics will come to account…
Volkswagen's EV sales in Europe…
Israeli authorities claimed to have…
September West Texas Intermediate Crude Oil futures struggled on the upside from the start and are likely to finish lower for the week. The selling started on Tuesday after the…
Oil prices retraced this week as oversupply worries once again resurfaced in spite of a bullish U.S. inventory report. (Click to enlarge)
The number of active oil and gas rigs in the United States rose for the twentieth straight week, Baker Hughes reported on Friday—this time by 8, as drillers in…
As oil ventures into forty dollardom once more, today's blog takes a peek at a number of supply side influences, from Basrah buoyed to Brazil nuttiness, all via a 'call…
OPEC and the non-OPEC producers that are part of the production cut deal may consider deepening the output cuts at the cartel’s next meeting in Vienna in November, Saudi Arabia’s…
It barely got any coverage in the press this week. But one of the biggest happenings in oil just came down, in a place everyone in the petro-world is looking…
Russia’s natural gas strategy in Europe is getting increased scrutiny from some U.S. lawmakers who worry about European energy dependence on their eastern neighbor. However, a major pipeline is inching…
The upcoming change in British Columbia’s government could stall the Canadian oil industry’s plans to compete globally by exporting crude to Asia—the world’s fastest growing refining market of which Middle…
Last week, drilling contractor Helmerich & Payne bought Motive Drilling Technologies for up to US$100 million. The deal passed without much fanfare because of its size, perhaps, but it…
The OPEC/non-OPEC deal is working, and the current underlying key assumption of Russia’s economic policies—oil prices at US$40—can allow it to live forever at that price or below, Russia’s Economy…
Russia does not plan to privatize its oil sector, Kremlin spokesman Dmitry Peskov told media, after former Finance Minister Alexey Kudrin insisted that the oil industry must be privatized fully…
A day after the American Petroleum Institute played the fairy godmother to oil bulls by reporting a huge draw in U.S. crude inventories, the EIA reinforced the mood by…
The U.S. shale industry might have just received a huge windfall with the nine-month extension of the OPEC cuts. Shale output was already expected to come roaring back this year,…
It wasn’t that long ago, 19 years to be precise, when the average oil price was $11.91 per barrel (WTI). Are world conditions such that we could see that price…
Last week’s OPEC meeting was characterized by a certain banality. The news that OPEC and non-OPEC members would agree to another nine months of production cuts elicited a collective…
Thousands of miles of oil pipelines connect the world’s oil producing hubs to their key customers’ refineries and electrical grids. By replacing trucks, the advent of the pipeline has dramatically…
ExxonMobil tried to beat back a move from shareholders to press the company to disclose its vulnerabilities to climate change and climate regulation, but it failed. At its annual meeting…
Iran's newly-opened oil patch continues to gain momentum. With the UAE's Emirates National Oil Company saying this week it has paid $4 billion to Iran to settle a tab for…
OPEC and non-OPEC producers part of the production cut deal are committed to drawing the global crude oil inventories down to their five-year average, Saudi Energy Minister Khalid al-Falih
After the nine-month extension of the OPEC deal, there is a growing consensus that oil might bounce around in the $50s and $60s for the rest of the year. But…