First US Bakken crude set to arrive in Asia mid-May:
The first cargo of US Bakken crude is heading to Asia, adding to the widening list of western crude moving eastward amid the narrowing spread between low sulfur crude in Continue Reading
Russia Thwarts ISIS Attack In Far East Oil Hub
Russia’s Federal Security Service, the FSB, said on Wednesday that it had foiled an attempt by alleged Islamic State supporters to carry out a terror attack in a crowded place Continue Reading
Oil Trades Below $50 Amid Mixed Signals on U.S. Crude Stockpiles
Nationwide supplies gained 897,000 barrels last week: API Crude prices to climb to new highs in coming months: Andurand Oil traded below $50 a barrel in New York amid conflicting Continue Reading
Oil falls on bulging U.S. crude inventories, record global supplies
Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC’s Continue Reading
Top 5 Risks To Oil Prices
Global oil inventories have started to decline and the supply/demand balance will soon tip into a deficit, if it hasn’t already. That will accelerate the drawdowns in crude oil stocks, Continue Reading
Can An OPEC Extension Push Oil To $60?
It now seems quite likely that OPEC will agree to an extension of November’s production cut agreement at their May meeting. The question facing analysts and market watchers is how Continue Reading
OPEC’s No.2 Plans Significant Raise In Crude Output Next Year
Iraq has started work on the third and final phase of the Halfaya oil field expansion, with the goal to double production capacity next year, a company official at the Continue Reading
British company Petrofrac lands $70 million contract in Iraq
British energy company Petrofac said Tuesday it scored a multimillion-dollar contract in part to help Iraq expand port facilities for the Persian Gulf. “Over the coming months we will focus Continue Reading
Aramco Insiders Suggest The Company May Not Be Worth $2 Trillion
As Saudi Arabia’s deputy crown prince, Mohammad bin Salman Al Saud, pushes his nation’s Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its Continue Reading
Will Libya’s Production Rebound As Its Largest Oil Field Re-Opens?
Libya’s biggest oil field, Sharara, which has been offline for most of the past month, is set to reopen after the Petroleum Facilities Guard (PFG) reached an agreement with protesters Continue Reading