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First Crude Oil Draw In 2023 Pushes Oil Prices Higher

First Crude Oil Draw In 2023 Pushes Oil Prices Higher

Oil prices recovered on Wednesday…

Ban On IOCs In Iraqi Kurdistan May Be Lifted

Ban On IOCs In Iraqi Kurdistan May Be Lifted

The disagreement between Baghdad and…

Energy / Crude Oil

Is Chinese Demand Growth Now The Only Bullish Driver For Crude?

Mar 17, 2023 at 12:03 | Tsvetana Paraskova

China’s recovery is underway, and many anticipate that China’s recovery will mean calls for additional crude oil, bolstering oil prices. But China’s economic reemergence is anything but a sure thing…

The Willow Oil Controversy, Explained

Mar 17, 2023 at 10:04 | Felicity Bradstock

After years of uncertainty, ConocoPhillips’ Willow project has finally got the green light in Alaska. Stakeholders were unsure whether Willow would go ahead after several delayed oil and gas leases…

Oil Majors Juggle Cheaper Crude With Lower Emissions

Mar 16, 2023 at 10:52 | Tsvetana Paraskova

The world’s biggest international oil and gas firms continue to pledge lower-emission operations to supply the world with the hydrocarbons it needs and will need in the future.   …

Did The EIA Finally Get Realistic About U.S. Shale Output?

Mar 16, 2023 at 10:15 | ZeroHedge

  Readers will recall that, for the last several months, I have noted that US oil production per the EIA's weekly Petroleum Status Report

Oil Falls Despite Large Draws In Fuel Inventories

Mar 15, 2023 at 09:39 | Irina Slav

Crude oil prices moved lower today after the U.S. Energy Information Administration reported an inventory build of 1.6 million barrels for the week to March 10. This compared…

UK Considers Easing Windfall Tax Pressure On Oil And Gas

Mar 15, 2023 at 08:59 | City A.M

The government is weighing up plans to bring in a price floor for the windfall tax amid fears Equinor could pull out of the proposed Rosebank oil and…

Oil Nosedives After SVB Collapse

Mar 14, 2023 at 15:44 | Irina Slav

Last Friday, the banking regulator of California shut down Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation as receiver of its assets. The sudden collapse tech and climate…

India’s Opportunistic Pursuit Of Cheaper Oil From Russia

Mar 14, 2023 at 09:37 | Ag Metal Miner

Via AG Metal Miner  As the old saying goes, “one man’s crisis is another’s opportunity.” Russia’s invasion of Ukraine and the subsequent sanctions and ruined trade relationships with…

Ban On IOCs In Iraqi Kurdistan May Be Lifted

Mar 14, 2023 at 09:23 | Simon Watkins

The recent signing by Iraq’s federal government in Baghdad of three long-term oil and gas sector contracts with the UAE’s Crescent Petroleum –…

China’s Economic Upswing May Not Boost Oil Prices

Mar 13, 2023 at 10:20 | Simon Watkins

The massive disparity between China’s enormous economy-driven energy needs and its minimal level of domestic oil and gas reserves meant that the country was the key driver of…

Why Energy May Start To Follow Other Stocks & Why That Isn’t Good News

Mar 10, 2023 at 12:28 | Martin Tillier

As the Fed and other central banks around the world have raised rates, some areas of the stock market have posted big losses. Tech, for example, and anything to do…

Big Oil Is Flush With Cash, But Doesn’t Know Where To Spend it

Mar 10, 2023 at 11:30 | Irina Slav

Exxon is considering a change of strategy for Europe because of the windfall taxes governments are using to get some of the money…

The World Desperately Needs More Oil And Gas Investment

Mar 10, 2023 at 10:47 | Felicity Bradstock

Despite high oil prices sending energy company profits soaring over the last year, little of those profits have been reinvested in the oil and gas business. As oil and gas…

Kazakhstan Faces Political Pressure To Diversify Its Oil Export Routes

Mar 10, 2023 at 10:27 | Eurasianet

Astana is upbeat about boosting oil exports, despite caveats over how the war in Ukraine may impact markets and questions about its recently launched shipments to Europe. Kazakhstan plans to…

Pioneer CEO: The Shale Boom Is Over

Mar 09, 2023 at 11:53 | Irina Slav

Earlier this month, the Energy Information Administration forecasted that oil production in the United States would grow by 590,000 bpd to a total…

OPEC Is Back In Control Of The Oil Market 

Mar 09, 2023 at 11:18 | Tsvetana Paraskova

OPEC is once again the most influential force in global oil supply – and will be so for the foreseeable future – now that U.S. shale production growth is slowing,…

Brent Crude And WTI Crude Prices Stabilize After Two-Day Drop

Mar 09, 2023 at 08:38 | Michael Kern

Oil prices are trading flat on Thursday after two consecutive days in decline as a strike in France, a drop in U.S. crude inventories, and a faltering dollar offset fears…

First Crude Oil Draw In 2023 Pushes Oil Prices Higher

Mar 08, 2023 at 09:38 | Irina Slav

Crude oil prices moved up today after the U.S. Energy Information Administration estimated an inventory draw of 1.7 million barrels for the week to March 3. This compared with…

Offshore Oil And Gas Is Back With More Than $200 Billion In New Investment

Mar 07, 2023 at 09:06 | Rystad Energy

  The offshore oil and gas (O&G) sector is set for the highest growth in a decade in the next two years, with $214 billion of new project…

Is India Drifting Away From The U.S.?

Mar 07, 2023 at 09:01 | Simon Watkins

India last week stepped up its negotiations with the U.S. aimed at continuing to import as much oil from Russia as it requires, regardless of current and future…

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