Canada’s oil producers had just started to slowly recover from the oil price crash when they began to face increased constraints in marketing and monetizing their heavy crude oil. Transportation Continue Reading
U.S. crude stocks fell unexpectedly last week as refineries hiked output, the Energy Information Administration said on Wednesday. Crude inventories fell by 4.6 million barrels in the last week, compared Continue Reading
Transit of Russian natural gas via Ukraine will be reduced to just about 10-12 billion cubic meters annually after the completion of two new pipelines—Turkish Stream and Nord Stream 2. Continue Reading
2017 trends for UK offshore production were disrupted by the stoppage in the Forties pipeline in December, which took several hundred thousand barrels of oil equivalent per day offline. Overall Continue Reading
New natural gas discoveries on the Norwegian continental shelf could hold “significant” quantities of reserves, a subsidiary of Austria’s OMV said Wednesday. The Norwegian subsidiary said it made discoveries at Continue Reading
If the UK had established in the 1980s a wealth fund in which to invest North Sea oil revenues—similar to what Norway actually did in the 1990s—a UK fund would Continue Reading
Oil prices slipped on Wednesday on expectations for a build-up in U.S. crude inventories, but Russian government comments on prospects for stepping up cooperation with OPEC to coordinate output cuts Continue Reading
The American Petroleum Institute (API) reported a surprise draw of 3.28 million barrels of United States crude oil inventories for the week ending March 30, after analysts had anticipated a Continue Reading
Dow Jones Industrial Average, S&P 500 both climb higher U.S. crude inventories seen rising 2 million barrels: Survey Oil recouped some losses from this week’s equity-driven selloff as investor appetite Continue Reading
Oil has started the second quarter at a crossroads after trading in a narrow range so far in 2018 with the industry split over whether crude can sustain any rise Continue Reading
