Oil Shrugs Off Trade War Threat
Oil markets saw a volatile start of the week as additional tariff threats from the U.S. and China forced prices lower on Monday, but increasing tension in the Middle East Continue Reading
Oil prices rise over 1% on drone attack on Saudi Aramco facilities
Oil prices rose over 1% on Tuesday after top exporter Saudi Arabia said explosive-laden drones launched by a Yemeni-armed movement aligned to Iran had attacked facilities belonging to state oil Continue Reading
Global Oil Flows At Stake In New Middle East Proxy War
The tensions between Saudi Arabia/UAE and Iran seem to be heading for a new showdown, as the media hype during the weekend has shown. Not only have unknown assailants attacked Continue Reading
The IEA’s Dire Warning For Energy Markets
Global energy investment “stabilised” at just over $1.8 trillion in 2018, ending three years of declines. Higher spending on oil, natural gas and coal was offset by declines in fossil Continue Reading
Why Oil Stock Dividends Are Soaring This Year
More than a year ago, U.S. shale producers started to realize that investors were getting impatient about meager returns from the industry that was pumping record volumes of oil without Continue Reading
OPEC April Production Data
The data below was taken from the OPEC Monthly Oil Market Report . All data is through April 2019 and is in thousand barrels per day. The data is crude Continue Reading
OPEC sees more 2019 demand for its oil as it keeps cutting output
OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a Continue Reading
Asia shrugs off Saudi crude pipeline shutdown as bigger impact seen for Europe
Asian refiners shrugged off the latest shutdown of Saudi Arabia’s East-West oil pipeline as the companies bring in the vast majority of their term Saudi crude barrels via Persian Gulf Continue Reading
OPEC Oil Output Sees Small Dip In April Despite Deep Cuts
Crude oil production in the Organisation of Petroleum Exporting Countries fell by just 45,000 bpd in April, according to the cartel’s latest Monthly Oil Market Report , despite continued deep Continue Reading
Saudi Arabia’s oil infrastructure targeted in drone attacks
Saudi Arabia said two of its oil pumping stations were hit by drone attacks on Tuesday, heightening concerns about the security of the kingdom’s energy infrastructure 48 hours after two Continue Reading