Oil

Crude Oil

Venezuela's Oil Output Could Fall Again Soon

On Tuesday, the Trump administration told the last remaining American oil companies in Venezuela.

Oil Price

5 Reasons Why Mexico's Oil Industry Is Destined For Disaster

Mexico has somewhat inadvertently found itself at the heart of the oil industry’s most burning issues of 2020.

LNG

Iran Reaches Production Milestone At World's Largest Gas Field

Iran is now working quietly towards oil exports and petrochemicals.

Crude Oil

How the U.S. Could Use Taxpayer Dollars to Save Oil and Energy Companies

The U.S. federal government is looking at "a whole bunch of alternatives" to support oil and other energy companies.

Crude Oil

Russia Cuts European Sea Ports Oil Exports To 20-Year-Low

Exports of Russia’s key export blend Urals are expected to slump to the lowest level since at least the early 2000s, according to data from Refinitiv Eikon.

Crude Oil

Whether Opec+ Formally Agrees or not, Deeper Oil Cuts Now Look Inevitable

Whether or not Opec+ oil producers formally agree to extra oil output curbs, rapidly filling storage capacity and plummeting demand due to the coronavirus crisi…

Oil&Gas Drilling

Putin: OPEC+ Deal Should be Complied with by all Participants

The deal stipulates the oil production cut by 9.7 mln barrels per day in total in May-June 2020, by 7.7 mln barrels per day in July-December 2020 within the all…

Crude Oil

U.S. Crude Oil Production Decreases Last Week: EIA

U.S. crude oil production decreased during the week ending April 17, the U.S. Energy Information Administration (EIA) said Wednesday.

Oil & Gas Trade

Trump Pledges to Support Oil, Gas Industries Amid Oil Futures Crash

U.S. President Donald Trump on Tuesday directed his administration to work on a plan to get funding to the oil and gas industries as a steep sell-off in oil fut…

Oil Price

Argentina Plans Higher Local Oil Price to Protect Sector Amid Rout

Argentina is home to the huge Vaca Muerta shale deposit, the size of Belgium. It is thought to hold one of the world's largest reserves of unconventional hydroc…

Crude Oil

Azerbaijan Imposes Oil Cuts on BP-Led Fields

Azerbaijan's BP-led Azeri-Chirag-Guneshli project will have to cut output sharply from May for the first time ever as the country moves to meet its commitment u…

Oil Pipeline

US Delays Oil Pipeline Approvals after Environmental Ruling

The U.S. Army Corps of Engineers has suspended a nationwide program used to approve oil and gas pipelines.

Crude Oil

In Rare Development, Oil Majors Are Forced To Cut Output Under OPEC Deal

A British Petroleum-led project in Azerbaijan will have to cut production in May for the first time as Azerbaijan will need to take drastic measures to meet its…

Oil & Gas Trade

Canada’s Oil Has Nowhere To Go As The US Runs Out Of Storage

Collapsing demand and brimming storage in the United States, Canada’s almost exclusive oil outlet, have resulted in a very usual situation in the Canadian oil …

Oil & Gas Trade

Saudi Arabia may Re-route Tankers if U.S. Imposes Crude Import Ban

Saudi Arabia is exploring re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports …