U.S. Shale Has Set An Example For Oil Majors
It took the oil supermajors quite a while to come to terms with the new oil price realities. The blow from the 2014 price crash was so severe and apparently Continue Reading
Canadian heavy oil plugs gap left by OPEC, Latam
Canada’s struggling oil market has found something of a lifeline as traders scramble for heavy crude due to OPEC production cuts and sinking Latin American output. Output has fallen in Continue Reading
U.S. coal exports surge, but thank China, not Trump:
U.S. coal miners are almost certainly cheering the sharp rise in exports of their product, but their good fortune is mainly the result of Chinese domestic policies that have driven Continue Reading
Russia to Cut 755 U.S. Diplomats, Staff Amid New Sanctions
Russian President Vladimir Putin said Sunday that the U.S. would have to cut 755 diplomats and staff in the country by September in retaliation for impending U.S. sanctions on Moscow. Continue Reading
Shell Shuts Down Europe’s Largest Refinery After Fire
Royal Dutch Shell is shutting down Europe’s largest refinery after a fire at a high-voltage electricity switch station. The fire at the Pernis refinery in Rotterdam, the Netherlands, started late Continue Reading
Oil tycoon promises his next car will be electric
Yes, you heard that right, the boss in charge of Europe’s biggest oil company says his next car will be electric. Does this revelation from the CEO at Shell say Continue Reading
Oil climbs for sixth day, near eight-week highs on U.S. crude stock declines
Oil prices extended a rally into a sixth day on Friday, hovering near 8-week highs on a decline in U.S. inventories and OPEC’s ongoing efforts to curb production to ease Continue Reading
Oil Gains on OPEC Cuts, Rising Demand
Oil prices rose every day this week, their best since December, as renewed optimism about falling supply and rising demand refuel a rally. U.S. crude is bumping up against $50 Continue Reading
Oil Prices Rise As Saudi Arabia Attacks The Glut
Back in late May, Saudi Oil Minister Khalid Al-Falih said that ‘exports to the U.S. will drop measurably ‘, as the OPEC Kingpin adjusted its focus to reducing exports to Continue Reading
Physical oil market tightens as refiners scramble for crude:
Physical crude markets are at last showing signs of tightening as record refinery consumption in the United States coincides with a slowdown in oil exports from the Middle East Gulf. Continue Reading