Both Brent and WTI crude prices are up after falling earlier in the day on expectations of a 3 MMBO crude oil build. The build …
Saudi Aramco plans to sell shares in its entire business, the company’s CEO Amin Nasser said. When the IPO was originally announced, there was speculation that the kingdom might only …
Oil prices surged Monday as Russian President Vladimir Putin offered support for OPEC’s proposed production cap policy. Russia, the world’s largest energy exporter, is ready to join the group …
Iran continues to look for ways to rejuvenate its oil and gas sector following news from Algiers last week that the Islamic Republic would …
In the company’s recent monthly report, we reviewed the current drivers of WTI pricing. Because oil is a globally traded commodity with numerous …
OPEC announced yesterday a plan to reinstate a production cap for the group between 32.5-33.0 MMBOPD. The group reported producing 33.2 MMBOPD in its August report, meaning that OPEC would cut, at …
OPEC surprised the markets yesterday when word came out that for the first time in eight years the cartel planned to put oil production limits in …
OPEC agreed to cut production for the first time in eight years, according to a delegate briefed on the matter that Bloomberg spoke with under conditions of anonymity.
The news shot oil prices up more than $3.00 to a high …
Oil prices erased gains from last week on Tuesday as Iran and Saudi Arabia confirmed that there would not be a definitive agreement on OPEC …
Prior to November 2014, OPEC acted as the swing producer, raising or lowering production in order to send prices one way or another. Since making …
Crude oil prices rose over 1% this morning as fighting for one of Libya’s key oil ports delayed shipments out of the country. …
Both the IEA and OPEC pushed out their forecasts for market balance this week as supply continues to prove resistant to the drop in crude …
OPEC’s Oil Monthly Report for August, released Monday, showed stronger than expected production from non-OPEC sources, indicating the crude oil glut may take more time …
Low oil prices continue to impact producers around the world, including Saudi Arabia, which spearhead the decision in late-2014 for OPEC to …
Recently renewed talks of a production freeze among OPEC and some non-OPEC producers including Russia have helped to bolster the price of oil in recent weeks, but the organization …
Oil fell more than 3% Thursday despite hopes that OPEC might freeze production. Investors were more concerned with this week’s crude oil stockpile build than talk from OPEC after the EIA announced a …
WTI oil price fell this morning after EIA reported that crude oil stocks has increased by 2.5 million barrels, the largest weekly build in crude stocks since April 29, 2016.
The build …
Oil prices rose today as news that Iran may be ready to join a wider production freeze surfaced.
Both OPEC and non-OPEC producers such …
Oil likely will not be able to sustain a price over $70 per barrel for some time, but that does not mean that the end is near for …
Wednesday’s 1.1 million-barrel build in U.S. crude oil inventories drove West Texas Intermediate crude prices down by roughly a buck. A couple days …
The U.S. land rig count continued to gain for the week ended August 12, 2016, with 17 additional rigs reported in the United States, …
The International Energy Agency sees supply and demand coming into balance during the third quarter of the year, according to its August Oil Market Report.…
Oil prices have fallen below the $40 per barrel mark as markets continue to worry about global oversupply of crude oil. Oil prices flirted with the $40 mark earlier this week, but finally …
July 14 marks the one-year anniversary of the implementation of the Joint Comprehensive Plan of Action (JCPOA) negotiated by Iran and the P5+1, which included the U.N. Security Council …
In the last two days, three reports have been released with current data and predictions for the oil market moving forward. Yesterday, the Oil Market Reports for July were released from both OPEC and IEA, as well as the crude …
They say history repeats itself, and given the cyclical nature of the oil and gas business, many look to the past when trying to guess what is coming next, …
An updated analysis from the International Energy Agency (IEA) has determined that the current oil price environment has boosted the share of oil produced in the …
Gabon Minister of Petroleum and Hydrocarbons Etienne Dieudonné Ngoubou visited Vienna a day before his country officially rejoins the Organization of the Petroleum Exporting Countries (OPEC) on 1 July, 2016.
Ngoubou met with the Acting OPEC Secretary General Abdalla Salem …
Global oil markets are improving as supply and demand come back to parity said Saudi Arabian Oil Minister Khalid al-Falih. The global glut that sent oil prices tumbling at the end of …
A report from the EIA showed OPEC’s revenues fell by nearly half from 2014 to 2015 as the group pursued a strategy of defending market share over oil prices. The EIA estimates that …
