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OPEC+ Faces Fork in the Road

OPEC+ Faces Fork in the Road

Some analysts have noted in…

Energy / Crude Oil

Javier Blas: 10 Things Oil Traders Need to Know About Iran's Attack on Israel

Apr 15, 2024 at 08:33 | ZeroHedge

OPEC+ has sufficient spare production capacity to control a price rally, but its approach to increasing output will be crucial.Iran's direct attack on Israel on Saturday…

U.S. Oil and Gas Boom Poses Challenge to Climate Goals

Apr 12, 2024 at 10:47 | Felicity Bradstock

Over the last two years, the U.S. has significantly boosted its oil and gas production, despite also developing its renewable energy capacity. Following the Russian invasion of Ukraine and subsequent…

IEA Cuts 2024 Oil Demand Growth Forecast

Apr 12, 2024 at 10:01 | Charles Kennedy

Global oil demand growth is slowing due to “exceptionally weak” deliveries in developed economies at the start of the year, the International Energy Agency (IEA) said on Friday as…

U.S. Crude Production To Decline In 2024 As Shale Activity Stalls

Apr 11, 2024 at 19:48 | Alex Kimani

Over the past three years, the U.S. energy sector has enjoyed an oil price boom that has been accompanied by soaring crude production. According to data by the U.S. Energy…

Oil Fund Withdrawals Suggest Extended Price Rally

Apr 11, 2024 at 13:39 | Irina Slav

The world's largest crude oil exchange-traded fund has bled over $2 billion in less than a year. And it's not due to investors finding greener pastures elsewhere with other ETFs;…

M&A Fever Hits Canada's Oil and Gas Industry

Apr 11, 2024 at 10:34 | Tsvetana Paraskova

The mergers and acquisitions (M&A) wave sweeping through the U.S. oil and gas industry has reached Canada, which could see a megamerger in the coming months.    Smaller deals are…

Biden Administration's SPR Plans Derailed by Oil Price Surge

Apr 11, 2024 at 09:32 | Robert Rapier

Despite indicating they would refill the Strategic Petroleum Reserve (SPR) by the end of this year, the Department of Energy

OPEC+ Rules in an Increasingly Tight Oil Market

Apr 10, 2024 at 16:11 | Tsvetana Paraskova

The OPEC+ group is firmly back in control of the oil market and has the power to have it extremely tight in the second half of the year should it…

OPEC+ Faces Fork in the Road

Apr 09, 2024 at 11:14 | Irina Slav

OPEC+ once again extended its oil production cuts this month. The decision was anything but unexpected and, unlike previous production policy announcements, it had the desired effect on prices. However,…

Energy Stocks Rally Under The Radar

Apr 09, 2024 at 10:43 | Tsvetana Paraskova

Big Oil is trumping the Magnificent Seven on the stock market this year in an oil stocks rally that few had expected a few months ago.   Energy stocks have…

Megamerger Mania Set To Shake Up Latin America’s Oil and Gas Industry

Apr 08, 2024 at 09:47 | Felicity Bradstock

Brazilian oil and gas company Enauta may soon change the face of Latin American fossil fuels by establishing an independent oil and gas company with 3R Petroleum Óleo e Gás.…

North Sea Oil and Gas Firms Continue Drilling Despite Climate Goals

Apr 05, 2024 at 09:44 | Felicity Bradstock

All major North Sea oil countries are expected to continue drilling for oil and gas as they fail to agree on climate measures. The major oil-producing countries operating in the…

Suing Big Oil Is Becoming a Lucrative Business

Apr 05, 2024 at 09:23 | Irina Slav

First it was a group of children in Montana. Then, in Portugal, a group sued their local governments for allowing climate change to happen. The Montana group even…

Ecopetrol, Guerillas and Death Squads: The War for Colombia’s Oil

Apr 04, 2024 at 08:58 | Matthew Smith

Colombia’s national oil company Ecopetrol, regarded as one of the best-managed state-controlled energy companies in Latin America, is still dealing with allegations of murder, extortion, and intimidation. Since the early…

U.S. Oil Is Stealing Market Share from OPEC+

Apr 03, 2024 at 09:51 | Tsvetana Paraskova

Surging U.S. oil production and shifting global oil flows amid geopolitical flare-ups have boosted American crude exports to record-high levels in recent months. Now U.S. oil is encroaching on the…

Oil Moves Higher on Fuel Inventory Draws

Apr 03, 2024 at 09:39 | Irina Slav

Crude oil prices rose today after the Energy Information Administration reported an inventory build of 3.2 million barrels for the last week of March. The authority also estimated draws…

Don’t Believe The Critics: OPEC Cuts Are Working

Apr 01, 2024 at 14:47 | Irina Slav

When OPEC and its partners led by Russia first announced additional oil production cuts last year, the market brushed it off. Prices fell. Forecasts for peak oil demand echoed off…

Against All Odds American Oil Soars Under Biden

Mar 31, 2024 at 10:54 | Alex Kimani

After a sharp decline in the final quarter of 2023, U.S. gasoline prices are surging again in a pivotal election year, offering Republicans a fresh chance to pin the…

Big Oil Criticized for Falling Short of Net-Zero Goals

Mar 29, 2024 at 09:22 | Irina Slav

Climate Action 100+, a lobby group comprising many of the world’s biggest asset managers, has criticized Big Oil majors for falling short of a set of criteria devised to assess…

Is It Time To Abandon the Idea of Phasing Out Oil and Gas?

Mar 29, 2024 at 09:19 | Felicity Bradstock

  Despite feigning interest, Big Oil still appears to oppose the global green transition and could well stand in its way. As Saudi’s state oil company leader condemns the green…

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