Oil prices dipped on Wednesday as Canadian oil sands production was expected to gradually ramp up following forced closures due to wildfires, and as record crude inventories especially in the Continue Reading
Brent jumped more than 4 percent on Tuesday while U.S. crude settled up more than 2 percent, after a late burst of buying driven in part by expectations that record Continue Reading
Oil Markets When looking at this week’s key data of the oil and energy industry, we see that prices have stabilized in the mid $40 range as global outages continue Continue Reading
Declines in rig activity triggered by sustained low natural gas prices are starting to take their toll on US gas production forecasts, the Energy Information Administration said Tuesday in its Continue Reading
Exploration of new crude oil deposits has fallen to its lowest level in over 60 years, pointing out the potential lack of the fossil fuel within the coming decade. In Continue Reading
The West’s energy watchdog, the International Energy Agency, faces a possible legal split from its parent body following decades of friction and fresh disagreements over cooperation with China, a document Continue Reading
North Sea Brent crude oil prices averaged $42/barrel (b) in April, a $3/b increase from March. Improving economic data, growing supply disruptions, and falling U.S. crude oil production and rig Continue Reading
Offshore drilling rig It might not be a great time to start offshore drilling, with oil prices as depressed as they are, but it might just be a great time Continue Reading
(Adds statement from NOC in Tripoli) By Ayman al-Warfalli May 9 Libya’s crude oil output has fallen to a trickle amid a standoff over export rights that prevented trading giant Continue Reading
Libya Hariga Oil Export Terminal Libyan officials attached to the government in Tripoli are warning that the country will have to halt the majority of its output from southeastern fields Continue Reading
