All restrictions on Forties pipeline system lifted
Any limitations to the flow of oil and natural gas from the North Sea to the Forties pipeline system are now lifted, system operator Ineos said Thursday. Ineos shut down Continue Reading
Arctic development left Russian environment damaged
The development of parts of the Arctic north of Russia has left its environment at risk from scrap materials and oil residue, a regional leader said. Sakhamin Afanasyev, the minister Continue Reading
Russia Bets on Shale Oil to Defend Its Spot as Top Producer of Crude
Companies like Gazprom Neft are leading Moscow’s drive to replicate the U.S. shale boom at the ‘Red Lenin’ oil field. KRASNOLENINSKOYE OIL FIELD, Russia—This western Siberian oil field is called Continue Reading
Oil Prices Inch Lower After API Reports Strong Crude Draw
The American Petroleum Institute (API) reported a draw of 6.0 million barrels of United States crude oil inventories for the week ending December 22, marking four large draws in as Continue Reading
Oil Eases Off More Than Two-Year High
Oil markets eased off a 2½-year high Wednesday after a pipeline blast in Libya disrupted supplies and caused a price spike. U.S. crude futures fell 33 cents, or 0.55%, snapping Continue Reading
Oil gives up gains with Libya factored in
Crude oil prices settle back into negative territory as traders turn their focus toward operations in the North Sea. File photo by Brian Kersey/UPI Dec. 27 (UPI) — Crude oil Continue Reading
What Drove WTI Above $60?
The oil pipeline carries crude oil to the Es Sider oil export terminal, Libya’s largest, raising fears of a dramatic supply outage. Early reports suggest that the explosion was the Continue Reading
Five Oil Signals to Watch in 2018
JPMorgan favors Brent Dec.-Dec. spread as stockpiles shrink OPEC, non-OPEC supply curbs compete with record shale output Oil traders are going to have their work cut out in 2018. OPEC Continue Reading
Poll: Supply discipline and demand to prop up oil prices in 2018
OPEC and Russia’s efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel in 2018, a Continue Reading
The Top 10 Energy Stories Of 2017
As 2017 comes to a close, it’s time to review the top energy stories of the year. There are several stories that could compete for the year’s top spot, but Continue Reading