Crude Oil

Exploration & Production , Crude Oil

Saudi Arabia To Fully Restore Oil Output By End Of September

Energy Minister Prince Abdulaziz bin Salman said oil production in October would be 9.89 MMbbl/d and that the world’s top oil exporter would ensure full oil supplies to customers this month.

September 17, 2019

Crude Oil

Saudi Arabia Tells Oil Market It Has Ability To Keep Customers Supplied

As oil prices drop on Sept 17, sources say full repairs were still expected to last until at least the end of October.

September 17, 2019

Crude Oil

Opinion: Hedge Funds Turned Bullish On Oil Before Saudi Attacks

Before the attacks on Saudi Arabia's oil installations on Sept. 14, hedge fund managers had started to become more bullish, or at least less bearish, about the prospects for oil prices amid hope for a trade truce between the United States and China.

September 17, 2019

Crude Oil , International

Perry Calls Oil Market Robust After Attack On Saudi Plants

Department of Energy is ready to respond if a release from the Strategic Petroleum Reserve is needed, he says.

September 16, 2019

Crude Oil , International

Opinion: Will Hard Lessons Of Saudi Oil Attack Be Learned?

Ramping up tensions with a country like Iran invites a counterpunch, says Reuters columnist.

September 16, 2019

Crude Oil

What's Affecting Oil Prices This Week (September 16, 2019)?

As expected, Brent lost momentum at the end of the week. The International Energy Agency’s latest Oil Market Report revealed their expectation that rebalancing would need to continue through 2020 based on current stock levels and lackluster demand growth.

September 16, 2019

Crude Oil

UPDATED: Oil Prices Surge Nearly 20% After Attack On Saudi Facilities Hits Global Supply

Oil prices surged more than 15% to their highest level in nearly four months as markets open after an attack on Saudi Arabia's oil facilities on Saturday that knocked out more than 5% of global oil supply.

September 15, 2019

Crude Oil

Saudi Attacks Raise Spectre Of Oil At $100/bbl

The oil market will rally by $5 to $10 per barrel when it opens on Monday and may spike to as high as $100 per barrel if Saudi Arabia fails to quickly resume oil supply lost after attacks over the weekend, traders and analysts said.

September 15, 2019

Crude Oil

Global Spare Oil Capacity In US Hands After Saudi Outage

An attack on Saudi oil facilities on Saturday will cut the kingdom's output by 5.7 million barrels per day, or more than 5% of global oil supply. making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers.

September 14, 2019

Investment , Crude Oil

Redburn Says Big Oil No Longer A ‘Buy’ As Peak Demand Looms

Redburn, the equity research house, has removed all “buy” ratings from the biggest integrated oil companies, arguing that the industry faces an “existential risk” as long-term forecasts for oil demand are up to 30% too high.

September 13, 2019