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Canada’s Pipeline Crisis Isn’t All Bad For Investors

Canada’s Pipeline Crisis Isn’t All Bad For Investors

Canadian drillers that find themselves…

Iran’s Trick To Sell Oil For A 30% Premium

Iran’s Trick To Sell Oil For A 30% Premium

Iran’s strategy to avoid U.S.…

The Fear Factor Is Back For Oil

The Fear Factor Is Back For Oil

While fundamentals suggest lower oil…

News

Energy Companies Top U.S. Revenue Per Employee Ranking

Energy Companies Top U.S. Revenue Per Employee Ranking

May 20, 2019 at 17:22 | Tsvetana Paraskova

Energy and utilities continue to be the top performing sector in the S&P 500 in terms of revenue per employee and the only sector with average revenue per employee higher…

Faltering North Sea Oil Production Set To Tighten Global Markets

Faltering North Sea Oil Production Set To Tighten Global Markets

May 20, 2019 at 15:58 | Tsvetana Paraskova

Crude and lease condensate production in the North Sea is set for lower levels in the summer months, further tightening the global oil market which is already grappling with production…

Venezuela's Military To Oversee Fuel Rationing

Venezuela's Military To Oversee Fuel Rationing

May 20, 2019 at 14:12 | Irina Slav

Venezuelans are having their fuel rationed with the rationing overseen by the military, Reuters reported on Sunday as fuel shortages begin to bite deeper. As local crude oil production…

Oil Majors Refuse To Pay For Dirty Russian Crude

Oil Majors Refuse To Pay For Dirty Russian Crude

May 20, 2019 at 11:41 | Tsvetana Paraskova

Western oil majors Total and Eni have suspended payments to the Russian companies that sold them contaminated crude via the Druzhba pipeline, in a new controversy in what trading sources…

Houthis Threaten Attacks On 300+ Saudi, UAE Targets

Houthis Threaten Attacks On 300+ Saudi, UAE Targets

May 20, 2019 at 11:08 | Tsvetana Paraskova

The Houthi rebels in Yemen said over the weekend that last week’s attack on an Aramco oil pipeline in Saudi Arabia was the start of military operations against some…

Are California Gasoline Prices Being Manipulated?

Are California Gasoline Prices Being Manipulated?

May 20, 2019 at 09:27 | Irina Slav

Market manipulation could be behind the fact that California drivers pay more for gasoline than the rest of the country, the Lost Angeles Times reports, citing a statement by…

Mexico’s President: Pemex’s Enormous Debt Won’t Grow Further

Mexico’s President: Pemex’s Enormous Debt Won’t Grow Further

May 17, 2019 at 16:58 | Tsvetana Paraskova

The enormous debt of Mexico’s state oil firm Pemex has not increased since the new administration took office in December 2018, and will not increase in the future, Mexican…

Saudis To Boost Crude Delivery To Indian Oil In H2 2019

Saudis To Boost Crude Delivery To Indian Oil In H2 2019

May 17, 2019 at 15:39 | Tsvetana Paraskova

Saudi Arabia may soak up some of Iran’s previous market share on the Indian market as Saudi Aramco is set to ship additional 2 million barrels per month to Indian…

Russia Finally Brings Oil Production Below OPEC+ Cap 

Russia Finally Brings Oil Production Below OPEC+ Cap 

May 17, 2019 at 15:17 | Tsvetana Paraskova

A month before OPEC and allies are set to discuss the future of their production cut deal, the leader of the non-OPEC group, Russia, appears to have finally fallen in…

Total Declares Force Majeure On German Refinery After Russian Oil Contamination

Total Declares Force Majeure On German Refinery After Russian Oil Contamination

May 17, 2019 at 12:52 | Tsvetana Paraskova

France’s Total has halted some of the units at its 230,000-bpd Leuna refinery in Germany to conduct technical checks after contaminated Russian crude oil was found to have flown…

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