Crude Oil

Crude Oil , International

Report: Iran Will Use Every Means Possible To Export Its Oil

Iran will not succumb to U.S. pressure and will use every possible way to export its oil, Iranian Oil Ministry's website SHANA quoted Oil Minister Bijan Zanganeh as saying on Oct. 6.

October 6, 2019

Crude Oil

Column: US Oil Drilling Slowdown Hits Wider Economy

A downturn in oil and gas drilling is making a small but significant contribution to the overall slowdown in U.S. business investment and economic growth, intensifying the much bigger problems caused by the trade war with China.

October 2, 2019

Crude Oil

23rd World Petroleum Congress Announces Presenting Sponsors

Industry giants join effort to present triennial event in Houston.

October 1, 2019

Crude Oil

What's Affecting Oil Prices This Week (September 30, 2019)?

The biggest threat to demand continues to be the U.S.-China trade war.

September 30, 2019

Crude Oil

Analyst: Oil Prices Should Remain More Stable As Trade Has Become More Globalized

Jamie Webster, senior director for Boston Consulting Group, said during EIA International Energy Outlook 2019 nations like the U.S. will be able to levy targeted sanctions without it affecting the global market. Here’s why.

September 30, 2019

Crude Oil

Drones, Sanctions, Contamination: Supply Surprises Leave Oil Unfazed

They should have started a bull run, but supply shocks that have rocked the oil industry this year have failed to deliver a sustained rise in crude prices.

September 27, 2019

Crude Oil

IEA May Cut Its Oil Demand Growth Estimates If Global Economy Weakens

The International Energy Agency (IEA) may cut its growth estimates for global oil demand for 2019 and 2020, should the global economy weaken further, its chief said on Sept. 27.

September 27, 2019

Crude Oil , Pipelines

An Alaskan Oil Renaissance?

Increased North Slope drilling and production could further boost U.S. export volumes.

September 26, 2019

Crude Oil

Saudi Aramco Restores Oil Output Earlier Than Expected: Sources

Saudi Arabia has restored its oil production capacity to 11.3 MMbbl/d  after Sept. 14 attacks on oil facilities, three sources briefed on Saudi Aramco's operations told Reuters.

September 25, 2019

Crude Oil , International

US Slaps Sanctions On Firms Moving Venezuelan Oil To Cuba

The U.S. Treasury Department on Tuesday imposed sanctions on four maritime firms and vessels transporting Venezuelan oil to Cuba, amid an acute fuel scarcity in the island that is forcing people to line up for gasoline and public transport.

September 24, 2019