Despite having some of the…
Blackrock's Michael Dennis said that…
Tesla is laying off over…
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 crude complex is feeling charitable today, giving away most of its overnight gains, as last night's bullish API report head-faked the market. As Nonfarm Friday looms next on the…
You’ve got to feel for the guy who hit ‘Send’. That statement would have been written, read by a committee, re-written with countless minor words removed or added before finally…
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…
A day after the American Petroleum Institute estimated commercial U.S. crude oil inventories hade declined by 1.83 million barrels last week and amid an unplanned production outage at…
Oil prices have rallied more than 6 percent since last week, which has largely been attributed to growing confidence in a six-month extension from OPEC combined with a…
Mexico’s oil and gas regulator said last week that the country’s proved hydrocarbon reserves will drop by 10.6 percent in 2017. This forecast, coupled with the lower oil production that…
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…
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 –…
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 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 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…
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered,…
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…
Oil production in the Permian Basin is rising so quickly that drillers may find themselves without enough pipeline capacity to move their product. Shale drillers large and small are rushing…
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…
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…
Just when the focus in oil seemed to be firmly fixed on shale as the cheapest kind of crude, Wood Mackenzie went and ruined it for shale producers with a…
Petronas is pushing ahead with development of a large-scale refinery and petrochemicals plant in the southern state of Johor, with support from Saudi Arabia guaranteed as of last month.…
Non-OPEC Oman will continue to cap its crude oil output at 970,000 bpd this year if OPEC and non-OPEC countries were to extend the production cuts through the end of…