Article Archive | Page 1101

Jul 28, 2017 at 16:26

Nigeria, exempt from OPEC’s oil output cut deal, has agreed to stop ramping up its production once it hits 1.8 million barrels per day. A milestone that is nearing, with…

Jul 28, 2017 at 16:22

U.S West Texas Intermediate and international-benchmark Brent crude oil futures were trading near an 8-week high as of early Friday after posting four straight sessions of higher closes. Support continued…

Jul 28, 2017 at 15:54

- WTI registered its best week of the year on strong fundamental data, OPEC progress and currency tailwinds. The physical market is showing signs of health with sharp inventory draws…

Jul 28, 2017 at 13:18

Oil prices have recovered as a result of a flurry of bullish catalysts, and while most oil majors see earnings improve, upstream investments are falling.

Jul 28, 2017 at 12:24

The number of active oil rigs in the United States rose this week by 2 rigs showing a growth—albeit a slower one—in oil drilling as US players proceed more…

Jul 28, 2017 at 11:05

Back in late May, Saudi Oil Minister Khalid Al-Falih said that 'exports to the U.S. will drop measurably', as the OPEC Kingpin adjusted its focus to reducing exports to…

Jul 28, 2017 at 10:09

Recent data show that the rebalancing of the oil market is speeding up and if the drawdown trends are sustained, stockpiles will normalize by early 2018, Goldman Sachs said…

Jul 28, 2017 at 09:00

Exxon reported a profit of US$3.35 billion for the second quarter of the year, up from US$1.7 billion a year earlier, thanks to better refining margins and higher oil…

Jul 27, 2017 at 14:47

Hardly a day goes by without another media report about the impending demise of the Internal Combustion Engine (ICE) as petroleum powered cars and trucks are replaced by uber-clean Electric…

Jul 27, 2017 at 14:27

While the number of drilled but uncompleted wells (DUCs) in the U.S. oil patch is growing as producers wait for higher oil prices, the shale gas plays have seen the…

Jul 27, 2017 at 14:27

Royal Dutch Shell posted much better-than-expected earnings for the second quarter, a sign that the oil majors are adapting to a low oil price environment. Net profit jumped to $3.6…

Jul 27, 2017 at 14:26

As discussed over the weekend, the endgame in Venezuela is accelerating and it is now only a matter of time before the Maduro regime exits, stage left, the only…

Jul 27, 2017 at 14:20

A year after the Permanent Court of Arbitration ruled in favor of the Philippines in a case the country brought against neighboring China about its territorial claims in the South…

Jul 27, 2017 at 13:34

Despite being the operator of Russia’s only operating LNG project, Sakhalin II, Gazprom has experienced quite a bit of misfortune with its pursuits. Its flagship endeavor, Shtokman LNG, ran…

Jul 27, 2017 at 12:51

After a somewhat weak start to the Thursday session, oil prices rose to eight-week highs by noon, boosted by a stronger-than-expected inventory draw in the U.S. and pledges by…

Jul 27, 2017 at 11:53

Brazil is a major oil producing country, but in 2016 was still a net importer, though imports dropped significantly and they have been a slight exporter overall so far this…

Jul 27, 2017 at 10:37

The price of oil might just be the single most important number in the modern economy. Not only does it determine how much it costs you to drive to work,…

Jul 27, 2017 at 09:12

Shell reported net earnings attributable to shareholders of US$1.92 billion for the second quarter of the year, a more than 700-percent increase from a year earlier when the figure…

Jul 26, 2017 at 16:41

OPEC producers have reached a catch-22 in their quest to rebalance global supply fundamentals for their precious crude oil markets. While deeper cuts are necessary to bring supply and…

Jul 26, 2017 at 16:38

OPEC officials are hoping to limit the production of both Libya and Nigeria, as fears grow that the two exempted members are undermining cuts from the rest of the cartel.…