Brent crude was up $2.10, or 8%, at $26.98 a barrel
After getting tired of losing Market share to American oil Russia and Saudia Arabie are dumping oil at prices the market hasn’t seen the lowest...
Category: Brent Crude
The U.S. is preparing to start buying 77 million barrels of oil
The U.S. is preparing to start buying as much as 77 million barrels of oil for its emergency stockpiles within the next two weeks, an...
Oilfield Bust? Time to invest in oil?
The Oil industry is witnessing a major correction. Mass Layoffs and investment pull-back from oil majors are expected after Oil prices plunge because OPEC+ failed...
Stocks Plunge At Market Open, Dow Down 1800 Points
Trump says oil price plunge is ‘good for the consumer’ as he blames media, oil for stock drop. Investors continued to seek safer assets amid...
Goldman Sachs is now out with a dire warning: $20 a barrel oil.
Brent crude oil futures tanked as much as 31% to $31 a barrel on Sunday evening as Saudi Arabia ratcheted up pressure on Russia by...
Saudi Arabia is considering large oil cuts due to coronavirus
Saudi Arabia is debating a short-term oil product cut as the deadly coronavirus continues to spread, the Wall Street Journal reported, citing OPEC officials. The...
A Huge Decline In Oil Replacement Ratio
Oil and gas companies have discovered 7.7 billion barrels of oil equivalent (boe) year-to-date, according to Rystad Energy’s latest global discoveries report. This means that...
South Korea Oil Tanker Blast Sparks Fire Injuring 18
A mushroom cloud of fire erupted from Stolt Groenland, the Blaze spread to South Korean-flagged oil tanker Bow Dalian – which was docked nearby Some...
China has begun imposing new tariffs to crude oil from the U.S
China has begun imposing new tariffs to crude oil from the U.S. In the continued escalation to Trump’s trade war, China also filed a complaint...
Have We Reached Peak Production?
In less than eight years, U.S. oil production climbed from under 6 million barrels per day (BPD) to more than 12 million BPD. This surge...
UK shale dream of energy independence is fading
The official UK advocate for shale-gas development has resigned in protest of “a de facto ban” on hydraulic fracturing. Natascha Engel, a former Labor Party...
Exxon Mobil and Chevron Plan on Texas size Scale in the Permian Basin
Exxon Mobil and Chevron said they would boost their growth in the Permian basin substantially. Big oil is getting even bigger in shale, and that...
2019 U.S Oil producers will pump an average 12.06 million barrels a day
EIA expects global liquid fuels consumption to increase by 1.5 million b/d in 2019, with growth largely coming from China, the United States, and India....
North Dakota oil industry is likely to slow down in upcoming months
Falling prices are a key reason for a decline in the oil-rig count in North Dakota from 67 in October to 62 currently, Helms said....