US Atlantic Coast margins weakened last week as refiners returned from planned work while in Northwest European margins rose on refinery outages, despite tighter crude supplies from quality issues and Continue Reading
North Sea oil production is struggling, according to independent energy research and intelligence business Rystad Energy. The company’s North Sea oil output forecast – which looks at crude and lease Continue Reading
pipUnited States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the “not Continue Reading
Ukrainian oil transit company UkrTransNafta has resumed oil transit toward European consumers after Hungary confirmed that it was ready to receive Russian oil, the company said on Tuesday. UkrTransNafta said Continue Reading
BP’s chairman said he recognized that the world’s energy consumption was on “an unsustainable path” and the oil major’s days of chasing ever higher output are coming to an end. Writing Continue Reading
Crude and lease condensate production in the North Sea is set for lower levels in the summer months, further tightening the global oil market which is already grappling with production Continue Reading
Oil rose to multi-week highs on Monday after OPEC indicated it would probably maintain production cuts that have helped support prices this year, while tension continued to escalate in the Continue Reading
From Colombia to the North Sea, the Middle East to Texas, the global market for crude cargoes is becoming tighter by the week as supplies grow more constrained and risks Continue Reading
Bank of America Merrill Lynch (BofAML) warns that Brent crude oil could reach $90 per barrel stemming the new IMO rules regarding shipping fuels and a weaker dollar courtesy of Continue Reading
Oil prices seesawed over the past week, jerked higher by tension in the Middle East but dragged down by fears of the fallout from the U.S.-China trade war. In fact, Continue Reading
