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Oil and Gas Are Here To Stay

Oil and Gas Are Here To Stay

Despite the global push for…

Middle East Oil Benefits As China Buys Less African Crude

Middle East Oil Benefits As China Buys Less African Crude

Chinese imports of African crude…

Energy / Crude Oil

Goldman Sachs: Next President Will Have Limited Tools to Raise U.S. Oil Supply

Jul 26, 2024 at 07:13 | Tsvetana Paraskova

The next U.S. president will have a very limited set of tools to materially boost oil supply in the United States, according to investment bank Goldman Sachs. Whoever…

Rystad: OPEC's Oil Reserves are Much Lower Than Officially Reported

Jul 25, 2024 at 11:02 | Rystad Energy

Rystad Energy’s latest research shows global recoverable oil reserves held largely steady at around 1,500 billion barrels, down some 52 billion barrels from our 2023 analysis. Of this year-over-year decrease,…

Iranian Oil Exports Have Risen Sharply, Facilitated By Malaysia

Jul 24, 2024 at 18:23 | Alex Kimani

Back in February, three U.S. service members were killed in Jordan, while more than 40 other soldiers were injured following a drone attack on a U.S. military base near…

Oil Moves Higher on Crude, Fuel Inventory Draw

Jul 24, 2024 at 09:41 | Irina Slav

Crude oil prices ticked higher today after the U.S. Energy Information Administration reported an inventory decline of 3.7 million barrels for the week to July 19. This 

Kuwait Looks To Nearly Double Production After Major Oil Find

Jul 23, 2024 at 18:54 | Alex Kimani

A week ago, Kuwait Oil Company (KOC) announced a significant discovery of light oil and associated gas in the offshore Al-Nokhatha field. KOC said that the field, located east…

The Price of Oil Expansion in Argentina

Jul 23, 2024 at 09:59 | Felicity Bradstock

Interest in Argentina’s mineral resources has risen significantly in recent years, as demand for critical minerals continues to increase, which has attracted high levels of investment in the country’s mining…

U.S. Commands Higher Prices for Crude Amid Growing Global Oil Market Influence

Jul 23, 2024 at 09:42 | Tsvetana Paraskova

Soaring shale production, expanded pipeline networks in the U.S. Gulf Coast, and rising exports of American crude has made the U.S. benchmark crude price, WTI, a force to be reckoned…

Bad News From China Could Be The Harbinger For Lower Oil Prices

Jul 22, 2024 at 11:00 | Simon Watkins

From the mid-1990s to onset of Covid at the end of 2019, China almost singlehandedly drove the commodities supercycle, consisting of ever-increasing prices for the key materials it required to…

Physical Oil Market Hints at Potential Upswing

Jul 22, 2024 at 09:33 | ZeroHedge

By Grant Smith, Bloomberg markets live reporter and strategist Oil prices may have been confined to a tight range this month, but an array of signals…

The Plot to Further Disrupt Russian Oil Flows Proves That Sanctions Don’t Work

Jul 19, 2024 at 14:29 | Julianne Geiger

Ukrainian President Volodymyr Zelensky is set to attend a UK Cabinet meeting to discuss strategies aimed at further disrupting Russian oil sales as the ongoing Russia-Ukraine conflict continues to reverberate…

The Dramatic Fall of Mexico’s Oil Giant

Jul 19, 2024 at 09:38 | Felicity Bradstock

Once one of the world’s most successful oil companies, the Mexican state-owned firm Pemex, has been falling increasingly into debt over the last decade, only surviving by pursuing…

Canada's Climate Policies Criticized by Oil Sector and Environmentalists Alike

Jul 18, 2024 at 08:21 | Haley Zaremba

Canada is trying to perform a high wire act between maintaining its reputation as one of the world’s most climate-conscious superpowers on one side, and its position as one of…

Middle East Oil Benefits As China Buys Less African Crude

Jul 17, 2024 at 16:28 | Alex Kimani

China has long been building inroads into Africa, while the U.S. backs down from the region, leaving a gaping hole in the West’s influence over the “final frontier”. Now, however,…

Seasonal Demand and Production Cuts Drive Oil Rally

Jul 17, 2024 at 13:59 | Julianne Geiger

Oil bulls have a narrow window for bullish bets as driving season and weather disruptions create a prime opportunity for a market rally. With the driving season in full swing…

Four Unexplored Indian Basins May Hold More Oil Than The Permian

Jul 16, 2024 at 16:14 | Alex Kimani

Four largely unexplored sedimentary basins in India could hold up to 22 billion barrels of oil, S&P Global Commodity Insights has reported. In effect, lesser-known Category II and III basins,…

Africa Emerges as Focal Point in Global Oil and Gas Exploration

Jul 16, 2024 at 07:54 | Rystad Energy

The skewed activity is highlighted by explorers demarcating assets within their portfolios as ‘core’ areas of operations, with the majority of guided exploration spending being directed towards exploring…

India Increases Windfall Tax on Crude Oil

Jul 16, 2024 at 05:55 | Michael Kern

India has raised its windfall tax on petroleum crude effective July 16, the government said in a notification on Monday.  The windfall tax on petroleum crude was revised up…

Bolivia Announces Biggest Natural Gas Discovery Since 2005

Jul 16, 2024 at 01:30 | Tsvetana Paraskova

Bolivia’s state-owned oil and gas company YPFB has discovered a massive natural gas field, which is the biggest such find in nearly two decades and could become the country’s third-largest…

Oil Prices Muted After Shooting at Trump Rally

Jul 15, 2024 at 08:29 | Charles Kennedy

The oil market and the U.S. stock futures were calm early on Monday morning after the U.S. was rattled by the assassination attempt on former president Donald Trump during a…

Argentina's Shale Patch to Boost Oil Exports with Supertankers

Jul 15, 2024 at 04:58 | Tsvetana Paraskova

Supertankers could begin docking in Argentina to load oil from the country’s shale patch after a pipeline is set to connect the Vaca Muerta shale play with a terminal at…

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