The Latest

Petrochemicals

Near-record Oil Stockpiles at US Gulf Coast Pressure Prices of Domestic Grades

Mars Sour, the benchmark for sour U.S. Gulf Coast grades, was trading at a $1.05 premium to U.S. crude futures on July 1.

July 3, 2020

Crude Oil

Venezuela’s Oil Exports Sank in June to 77-year Low

The fall in oil exports has starved the socialist government of President Nicolas Maduro of its main source of revenue, contributing to an economic collapse.

July 2, 2020

Restructurings

From Oil and Gas Investor Editor-in-Chief: The Great Awakening

Following a hurricane-like second quarter, the good news is the third quarter has arrived, and the oil and gas industry is at work cleaning up debris and trying to find a sense of normalcy. The questions are in what order, and will the calm winds last?

July 1, 2020

Investment

Global Oil Demand Likely Peaked in 2019, Energy Consultancy Firm Says

Norway-based consultancy DNV GL said global energy use would be 8% lower in 2050 than previously expected due to the impact of the pandemic.

July 1, 2020

Investment

Oil and Gas Investor At Closing: OPEC’s Dilemma, Shale’s Hope

Even for the leanest, meanest oil and gas producer sitting on the best assets in the land, fate hinges on the nature of the recovery.

July 1, 2020

Business

PATH FORWARD: Why Harold Hamm Fought for Pricing of US Light, Sweet Crude

There’s a new crude benchmark in town. Harold Hamm, founder and executive chairman of Continental Resources, joined Hart Energy to explain how American GulfCoast Select will help producers in the oil industry. 

June 30, 2020

Crude Oil

China’s Saudi Oil Imports Surge in May to All-time High

In May, Chinese refineries received their first crude cargo from the U.S. since November, of around 550,000 tonnes, the customs data released late on June 25 showed.

June 26, 2020

Exploration & Production

E&P World View: Middle East Economies Choked by Low Prices

While some oil producers in the Gulf region have taken a massive hit, others are scaling back projects in an effort to survive.

June 26, 2020

Business

Harold Hamm on New US Gulf Coast Crude Benchmark

S&P Global Platts on June 26 will introduce American GulfCoast Select, a new benchmark for U.S. crude oil which shale pioneer Harold Hamm helped launch.

June 25, 2020

Exploration & Production

Eyeing Recovery: Oil Sector Trends Indicate Improvement

But expect volatility as oil producers tame supply but wrestle with demand.

June 25, 2020