BP Swimming in Cash as Earnings Soar on High Oil Prices
Exxon Mobil Corp. , Chevron Corp. and Royal Dutch Shell PLC are all due to report their results later this week. Years of cost-cutting caused by the slump in oil Continue Reading
Equinor Strikes More Oil At Giant Johan Castberg Field
Norway’s Equinor said on Monday that it had found additional volumes of oil in the Johan Castberg license in the Arctic Barents Sea, and will consider tying-in the new discovery Continue Reading
UK Fracking Pauses, Again
For the second time in two weeks since Cuadrilla started fracking at an exploration site in northwest England—resuming hydraulic fracturing in the UK for the first time in seven years—the Continue Reading
Oil prices fall as investors wary of trade slowdown
Oil prices dipped on Monday amid cautious sentiment as a plunge in financial markets last week and dollar strength early this week underscored concerns that growth may be slowing, especially Continue Reading
Why Oil Prices Could Still Go Lower
Crude markets had a panic attack in August and September that sent prices soaring. Sanity is now returning. Prices have fallen but are likely to move even lower over the Continue Reading
The Real Reason For The Big Sell Off In Oil
U.S. West Texas Intermediate Crude Oil futures are set to finish lower for the third straight week. What began as a simple pullback in a prolonged uptrend is rapidly becoming Continue Reading
Is The Oil Supply Glut Set To Return?
Is the oil market tightening too much or is a glut on the verge of making a comeback? There were a series of mixed messages from both OPEC and the Continue Reading
Is A Diesel Crunch Coming?
The new ship fuel regulations coming into force at the start of 2020 are set to create an initial confusion on the refining market and crude oil and oil product Continue Reading
Iran starts oil sales to private exporters to beat U.S. sanctions
Iran began selling crude oil to private companies for export on Sunday, part of a strategy to counter U.S. sanctions which come into effect on Nov. 4 and aim to Continue Reading
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
Shortly after U.S. President Donald Trump announced in May he would reimpose sanctions on Iran, the State Department began telling countries around the world the clock was ticking for them Continue Reading