• 5 hours Russia Approves Profit-Based Oil Tax For 2019
  • 9 hours French Strike Disrupts Exxon And Total’s Oil Product Shipments
  • 11 hours Kurdistan’s Oil Exports Still Below Pre-Conflict Levels
  • 13 hours Oil Production Cuts Taking A Toll On Russia’s Economy
  • 15 hours Aramco In Talks With Chinese Petrochemical Producers
  • 16 hours Federal Judge Grants Go-Ahead On Keystone XL Lawsuit
  • 18 hours Maduro Names Chavez’ Cousin As Citgo Boss
  • 1 day Bidding Action Heats Up In UK’s Continental Shelf
  • 1 day Keystone Pipeline Restart Still Unknown
  • 1 day UK Offers North Sea Oil Producers Tax Relief To Boost Investment
  • 1 day Iraq Wants To Build Gas Pipeline To Kuwait In Blow To Shell
  • 2 days Trader Trafigura Raises Share Of Oil Purchases From State Firms
  • 2 days German Energy Group Uniper Rejects $9B Finnish Takeover Bid
  • 2 days Total Could Lose Big If It Pulls Out Of South Pars Deal
  • 2 days Dakota Watchdog Warns It Could Revoke Keystone XL Approval
  • 2 days Oil Prices Rise After API Reports Major Crude Draw
  • 3 days Citgo President And 5 VPs Arrested On Embezzlement Charges
  • 3 days Gazprom Speaks Out Against OPEC Production Cut Extension
  • 3 days Statoil Looks To Lighter Oil To Boost Profitability
  • 3 days Oil Billionaire Becomes Wind Energy’s Top Influencer
  • 3 days Transneft Warns Urals Oil Quality Reaching Critical Levels
  • 3 days Whitefish Energy Suspends Work In Puerto Rico
  • 3 days U.S. Authorities Arrest Two On Major Energy Corruption Scheme
  • 3 days Thanksgiving Gas Prices At 3-Year High
  • 3 days Iraq’s Giant Majnoon Oilfield Attracts Attention Of Supermajors
  • 3 days South Iraq Oil Exports Close To Record High To Offset Kirkuk Drop
  • 4 days Iraqi Forces Find Mass Graves In Oil Wells Near Kirkuk
  • 4 days Chevron Joint Venture Signs $1.7B Oil, Gas Deal In Nigeria
  • 4 days Iraq Steps In To Offset Falling Venezuela Oil Production
  • 4 days ConocoPhillips Sets Price Ceiling For New Projects
  • 6 days Shell Oil Trading Head Steps Down After 29 Years
  • 6 days Higher Oil Prices Reduce North American Oil Bankruptcies
  • 6 days Statoil To Boost Exploration Drilling Offshore Norway In 2018
  • 7 days $1.6 Billion Canadian-US Hydropower Project Approved
  • 7 days Venezuela Officially In Default
  • 7 days Iran Prepares To Export LNG To Boost Trade Relations
  • 7 days Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 7 days Saudi Oil Minister: Markets Will Not Rebalance By March
  • 7 days Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 7 days Rosneft Announces Completion Of World’s Longest Well
Rakesh Upadhyay

Contributor since: 18 Jan 2016

Rakesh Upadhyay


Rakesh Upadhyay is a writer for US-based Divergente LLC consulting firm.

Latest articles from Rakesh

  • Merrill Lynch Expects A 46% Jump In Oil Prices By June 2017

    Published 18 August 2016 | viewed 44,864 times

    Oil has finally found a strong bull in Savita Subramanian, commodity strategist at BofA Merrill Lynch, who believes oil will rally to $54 a barrel…

  • Is Saudi Arabia About To Cry Uncle In The Oil Price War?

    Published 11 August 2016 | viewed 62,022 times

    The Kingdom is struggling with weak GDP growth, higher fees and taxes, and an economy that is unable to pay the dues to its workers,…

  • Can India Bolster Iranian Oil Exports to Pre-Sanction Levels?

    Published 07 August 2016 | viewed 6,958 times

    India imported 461,000 barrels per day (bpd) of oil from Iran in July—a 110 percent increase over the same period in 2015 and an increase…

  • Why Is High-Yield Energy Debt Decoupling From Oil?

    Published 03 August 2016 | viewed 8,762 times

    The recent drop in crude oil prices has not reflected in the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA: HYG), as shown in…

  • PIMCO Jumps On The Lower-For-Longer Bandwagon

    Published 01 August 2016 | viewed 7,456 times

    “Over the secular horizon, Oil prices are likely to remain low,” said the PIMCO’s Global Advisory Board (GAB), while assessing global economic trends, according to…

  • Why Goldman Sachs Remains Bullish On Russian Oil

    Published 31 July 2016 | viewed 10,192 times

    A deeply troubled global oil industry is cutting production but Russians are defying the trend. Goldman Sachs has forecast Russian crude production to rise to…

  • Oil Majors Hit Hard As Refining Boom Comes To An End

    Published 28 July 2016 | viewed 8,327 times

    British Petroleum, the first oil major to announce results on Tuesday, has reported the lowest refining margins for the April to June period in the…

  • Low Oil Prices Kill Off 7 Billion Barrels Of Oil Production

    Published 26 July 2016 | viewed 21,091 times

    Capital expenditure cuts of $150 billion for 2016 and 2017 by U.S. exploration and production companies are expected to result in average production losses of…

  • Oil Traders Move Into Bitumen Markets

    Published 19 July 2016 | viewed 11,767 times

    The global bitumen market is forecast to grow at a Compound Annual Growth Rate (CAGR) of four percent between 2015 to 2020, and the world’s…

  • Inside China’s Failed $15 Billion Canadian Oil Sands Investment

    Published 16 July 2016 | viewed 19,563 times

    China’s ambitious entry into the Canadian oil-sands is not only turning out to be ill-timed, it is turning out to be grossly mismanaged, raising questions…

  • Is Iran’s Claim About Doubling Oil Exports Just Hype?

    Published 13 July 2016 | viewed 20,468 times

    After having regained 80 percent of its pre-sanction market share, beating all expectations, Iran now plans to double its exports if market conditions improve, according…

  • Kuwait Launches Ambitious Oil Privatization Plan

    Published 12 July 2016 | viewed 8,980 times

    Kuwait is going ahead with its proposed privatization plan, which includes offering a stake in its oil sector. Though the dates for the public offering…

  • Big Oil Ready To Start Spending Again

    Published 07 July 2016 | viewed 11,939 times

    Large oil and gas companies seem to be looking at new opportunities to invest, to capitalize on the future growth in oil demand. The confidence…

  • Shrinking Chinese Demand About To Slam Oil Prices

    Published 07 July 2016 | viewed 27,653 times

    The oil markets have fallen back from the $50 per barrel mark due to questionable Chinese demand and an expectation of early restoration of supply…

  • Is It Time For OPEC To Dissolve?

    Published 03 July 2016 | viewed 10,442 times

    OPEC is no longer functioning as a cohesive group. Is it time for OPEC to finally dissolve? The major oil-producing countries in the world heavily…

  • Is Raymond James’ $80 Oil Realistic?

    Published 30 June 2016 | viewed 29,198 times

    Crude oil prices have stabilised near the $50 per barrel mark, leaving traders confused as to whether the next 20 percent move from the current…

  • Can The Natural Gas Rally Continue?

    Published 28 June 2016 | viewed 16,094 times

    Natural gas prices are on a tear, and every small dip is being aggressively bought by the traders. Technically, the current rally should rise to…

  • Does The U.S. Really Need A Strategic Petroleum Reserve?

    Published 27 June 2016 | viewed 6,741 times

    With oil prices below $50 per barrel and advances in U.S. shale oil drilling transforming the U.S. into one of the top oil producers in…

  • Private Equity Ready To Jump Back Into Oil

    Published 26 June 2016 | viewed 9,516 times

    Private equity (PE) funds are warming up to the idea of investing in the oil and gas sector, on the prospects of higher oil prices…

  • Hedge Funds Uncertain Of Further Oil Price Increase

    Published 23 June 2016 | viewed 7,150 times

    The oil rally is facing considerable resistance at the $50 per barrel levels, and hedge funds have closed 63 million barrels of long positions—a reduction…

Oilprice - The No. 1 Source for Oil & Energy News