This week, speculative oil positioning…
The total rig count fell…
As the world's largest economy, America faces unique challenges transitioning to clean energy. While utilities are rapidly closing coal plants, American oil and gas drillers are on track to set…
When the EU and the U.S. were discussing oil sanctions against Russia, some analysts warned that while markets would shrug off the oil embargo, things would be different…
As the world moves towards a net-zero carbon future, the oil and gas industry is facing a critical juncture. On one hand, there is a growing demand for renewable energy…
On February 10, Russian Deputy Prime Minister Alexander Novak announced that Russia plans to cut its crude oil production by 500,000 barrels per day in March—that is, by approximately 5…
Exports of crude oil from the United States have surged since Russia invaded Ukraine last year, with Europe turning into the biggest buyer of U.S. crude. The…
The Energy Information Administration (EIA) is an independent agency within the U.S. Department of Energy that provides data and analysis on energy production, consumption, and prices. One of its most…
Crude oil prices gained slightly after the Energy Information Administration confirmed the API’s estimate of an inventory build for the week to February 25. Crude oil inventories added 1.2…
Oil is the largest commodity in the world, with the global crude oil market in 2022 estimated at $2.7 trillion. This trade is facilitated by both public and…
OPEC’s crude oil production for February was, on average, 150,000 bpd more than it was in January, a Reuters survey found on Tuesday. OPEC’s February crude…
In the early 2000s, a revolution was unfolding in the energy industry. Technological advancements in horizontal drilling and hydraulic fracturing had unlocked vast reserves of oil and natural gas trapped…
BP boss Bernard Looney today called for an “orderly” transition to renewable energy, which will require investment in both future green energy projects and “today’s energy system, which…
Record profits – that would be the best summary of the state of the global oil industry last year. From Big Oil majors to U.S. shale…
By late 2022 there were considerable concerns and doubts surrounding Suriname’s burgeoning offshore oil boom. Conflicting drilling results and seismic data saw 50% partners in Block 58…
The price caps on Russian crude oil and refined products appear to be working, analysts and U.S. officials say. Russian crude is still flowing to the…
China has reopened its doors following its long zero-Covid policy. But now governments and energy firms around the world are waiting to see what this means both for the energy…
According to the 2022 BP Statistical Review of World Energy, Venezuela has more proved oil reserves than any other country in the…
Iraq has been saying it wants to produce more oil and gas for a while now but turning stated ambitions into reality has taken a while.
Brent crude oil will be around $100 per barrel by the end of the year, Pioneer CEO Scott Sheffield has predicted. Oil has been rangebound over the…
One of the most important bull thesis for crude in 2023 is that China, having permanently shelved its zero Covid policies, will unleash a global buying spree as…
Oil demand this year could reach a record high, and there may not be enough oil to cover this demand for much longer. This seems to be the gist of…