Exports of U.S. crude oil to Asia appear to be starting to struggle under the weight of a narrowing discount for its domestic benchmark crude to international grades and efforts by other suppliers to maintain competitiveness. more

Mar 6, 2018 1:35 PM Refining/Petrochemical

According to Fatih Birol, Executive Director of the International Energy Agency (IEA), the United States is positioned to “put its stamp” on global oil markets for the next five years. more

Mar 6, 2018 12:46 PM Drilling & Exploration

U.S. shale oil output is set to surge over the next five years, stealing market share from OPEC producers and moving the United States, once the world’s top oil importer... more

Mar 5, 2018 12:23 PM Drilling & Exploration

Oil analysts expect the price of crude to rise steadily this year but remain in a tight band dictated by U.S. shale output growth on one side and OPEC supply restraint on the other. more

Mar 1, 2018 10:57 AM Refining/Petrochemical

OPEC will hold a dinner on Monday in Houston with U.S. shale firms, two industry sources said, the latest sign of the producer group widening talks about how best to tame a global oil glut. more

Feb 28, 2018 9:42 AM Refining/Petrochemical

The United States will overtake Russia as the world’s biggest oil producer by 2019 at the latest, the International Energy Agency (IEA) said, as the country’s shale oil boom continues to upend global markets more

Feb 27, 2018 10:15 AM Refining/Petrochemical

Oil edged lower on Tuesday ahead of weekly data that is forecast to show a rise in U.S. crude inventories, although investor faith in OPEC’s ability to curtail production helped stem a larger price slide. more

Feb 27, 2018 9:43 AM Refining/Petrochemical

Oil slipped on Monday but still held close to its highest since early February, supported by comments from Saudi Arabia that it would continue to curb shipments in line with the OPEC-led effort to cut global supplies. more

Feb 26, 2018 9:56 AM Refining/Petrochemical

The rise in global oil production, led by the United States, is likely to outpace growth in demand this year. more

Feb 13, 2018 9:53 AM Drilling & Exploration

Oil rose on Monday, recouping some of last week’s steep losses as global equities steadied after their biggest one-week decline in two years. more

Feb 12, 2018 9:52 AM Refining/Petrochemical

Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies. more

Feb 9, 2018 10:22 AM Refining/Petrochemical

In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo. more

Feb 8, 2018 9:31 AM Pipeline/Transportation

The proposed changes to the US tax system has run its course. Most believe the net impact of the bill will be positive – at least to the corporate bottom line. From an upstream perspective, one has to wonder about the impact on supply and prices. more

Feb 8, 2018 7:00 AM Drilling & Exploration

Oil prices neared their lowest in a month on Monday as rising U.S. output and a weaker physical market added to the pressure from a widespread decline across equities and commodities. more

Feb 5, 2018 9:37 AM Refining/Petrochemical

“Global oil demand is likely to continue growing for a period, driven by rising prosperity in fast-growing developing economies,” they wrote in a paper published on Monday. more

Jan 20, 2018 7:00 AM Refining/Petrochemical

Oil was little changed on Thursday, as prices eased early in the session, but were supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub. more

Jan 20, 2018 7:00 AM Drilling & Exploration

Oil prices slid on Friday, putting them on course for the biggest weekly falls since October, as a bounce-back in U.S. production outweighed ongoing declines in crude inventories. more

Jan 19, 2018 9:19 AM Drilling & Exploration

OPEC has raised its forecast for oil supply from non-member countries in 2018 as higher prices encourage U.S. shale drillers to pump more, offsetting an OPEC-led deal to clear a supply glut and a deepening plunge in Venezuelan production. more

Jan 18, 2018 9:01 AM Refining/Petrochemical

Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day - toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. more

Jan 16, 2018 9:31 AM Drilling & Exploration

Oil hovered below a three-year high near $70 a barrel on Monday on signs that production cuts by OPEC and Russia are tightening supplies, but analysts warned of “red flags” due to surging U.S. production. more

Jan 15, 2018 9:09 AM Refining/Petrochemical

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