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Rosneft Doubles Q4 Profit Helped By Sistema Deal
Monday, March 19, 2018 Rosneft doubles its 4Q net income to $1.74 billion after it resolved a row with Sistema.
Oil Posts Weekly Gain as Global Tension Outweighs Shale Fear
Friday, March 16, 2018 Crude posted a second weekly gain as a whirlwind of rising geopolitical concerns stole the shale boom's limelight.
Oil Holds Gains Near $61 as Impending Supply Gap Eclipses Shale
Thursday, March 15, 2018 Crude circled around the $61-a-barrel mark as the IEA warned of an impending shortfall in global oil supplies even as US shale drillers lifted output to unprecedented heights.
Venezuela's Crude Sales To US Falls To 15-Year Low In February
Thursday, March 15, 2018 Venezuela's crude exports to the United States declined in February to a 15-year low.
IEA: Global Oil Demand Picks Up But Still Lags Rising Supply
Thursday, March 15, 2018 Global oil demand is expected to pick up this year but supply is growing at a faster pace, leading to a rise in inventories in 1Q 2018, IEA says.
OPEC Sees Oil Supply Surge From Rivals, Countering Its Cuts
Wednesday, March 14, 2018 OPEC raises its forecast for oil supply from non-member countries in 2018 as higher prices encourage US shale drillers to pump more.
India's Oil Imports from Venezuela Hit Lowest in Over 5 Years
Tuesday, March 13, 2018 Indian imports of oil from Venezuela have fallen to their lowest levels in over half a decade, shipping and industry data shows.
Gadfly: What I Learned by Getting Locked Out at CERAWeek
Thursday, March 08, 2018 I may have a missed a few interesting sessions this week, but the guys from Vienna appear to be missing the point entirely.
CEO: Mexico's Pemex Eyeing Partners For Heavy Oil Projects
Tuesday, March 06, 2018 Pemex might bring partners into two heavy crude oilfields in the Gulf's shallow waters, the company's chief says.
Oil at Two-Week Low as Equities Dip, Concerns Linger Over Shale
Thursday, March 01, 2018 Oil closed lower amid a selloff in equity markets and growing concern about increasing US crude production.
Make Room OPEC: UK Is Set to Become Net Crude Oil Exporter
Monday, February 26, 2018 For all the talk of aging oil fields and shrinking production, the UK is about to achieve a surprising feat.
What Women Really Want on the Job? Ask Big Oil's Only Female CEO
Friday, February 23, 2018 Flexible working hours and maternity leave are all well and good, but what women really want is...
Aruba Government Begins Talks With US Over Aruba Refinery Pause
Thursday, February 22, 2018 The Aruba government says it has started talks with the United States.
Citgo Petroleum Slows Aruba Refinery Revamp Due To US Sanctions
Wednesday, February 21, 2018 Citgo Petroleum has slowed work on an overhaul of its 235,000-barrel-per-day Aruba refinery.
Catalytic Cracker At PDVSA's Curacao Refinery Halted After Fire
Friday, February 16, 2018 A fire at the Isla oil refinery in Curacao run by PDVSA has been extinguished without impacting operations, sources say.
Meeting the Corrosion Protection Needs of the Booming Oil, Gas Industry
Friday, February 16, 2018 With the surge of pipelines in the US pipeline protection should be at the forefront.
IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.
Oil Prices Settle Flat, Steady After A Week Of Losses
Monday, February 12, 2018 Crude markets began to steady, settling little changed on the day.
OPEC President Says Shale Won't Thwart Plan to Clear Glut
Monday, February 12, 2018 Surging output of US shale oil won't be a 'huge distorter' of efforts by global crude producers to clear a glut, according to OPEC's president.
Experts Predict Brent Trends in 2018: A Wrap Up
Tuesday, February 06, 2018 Rigzone outlines the price direction and drivers of Brent crude oil in 2018.
US Potential Ban on Venezuelan Oil May Hit Valero Hardest
Monday, February 05, 2018 If the US bans oil imports from Venezuela, Valero and Chevron may end up paying the price.
Oil Rises As OPEC Compliance Eclipses Boom In US Output
Thursday, February 01, 2018 Oil rose after a survey showed OPEC's commitment to its supply cuts remains in place.
Goldman Says Oil to Surpass $80 With Market Likely Balanced
Thursday, February 01, 2018 Goldman Sachs hiked its short-term crude oil price forecast by as much as 33%, saying the market is now likely balanced.
US Shale Growth Could Support Caribbean Oil Storage Owners
Wednesday, January 31, 2018 Caribbean oil terminals hurt by dwindling Venezuelan supply and a market that encourages traders to pull oil out of tank may get a shot in the arm from US shale.
Mexico's Oil Reform A Boon For Hard-Hit Oil Service, Seismic Firms
Tuesday, January 30, 2018 Oil service and mapping firms still emerging from an industry recession have received a boost from about $800 million of data sales to energy firms.
Oil Prices Have Limited Upside
Tuesday, January 30, 2018 The 40% increase in oil prices since August is likely to stimulate a strong production response.
Oil Settles Lower After Dollar Reverses Losses
Thursday, January 25, 2018 Oil retreated late on Thursday as the US dollar rebounded from early losses and strengthened.
Oil Rallies After Record 10th Straight Fall In US Inventories
Wednesday, January 24, 2018 Oil prices rallied on heavy volume, boosted by a record 10th straight weekly decline in US crude inventories.
Oil Jumps As Brent Tops $70, With Inventory Data On Tap
Tuesday, January 23, 2018 Oil rose more than 1%, with benchmark Brent crude hitting $70 a barrel for the first time in a week.
What to Look for in Oil, Gas in 2018
Tuesday, January 23, 2018 Brian Williams of Carl Marks Advisors shares insights on what the industry can expect regarding E&P investment, M&A deals and trends for 2018.
Halliburton Upbeat On 2018 As Oil Recovery Spreads
Monday, January 22, 2018 Halliburton reports a bigger-than-expected adjusted quarterly profit and gave an upbeat outlook for 2018
Oil Prices Fall As Rally Falters On Growing US Output Concerns
Friday, January 19, 2018 Oil prices ended down on Friday and broke a four-week winning streak after a rally that had taken benchmarks to three-year highs.
IEA Sees Oil Markets Tightening As Venezuelan Output Collapses
Friday, January 19, 2018 Global oil markets are tightening quickly on falling supply from Venezuela, IEA says.
Crisis-Hit Venezuela's Oil Output Plummets In 2017 To Decades Low
Thursday, January 18, 2018 Venezuela's crude oil production fell nearly 13% last year, according to figures released by OPEC.
US Warns Investors Over Venezuela's 'Petro' Cryptocurrency
Tuesday, January 16, 2018 "(It) is another attempt to prop up the Maduro regime, while further looting the resources of the Venezuelan people," a Treasury spokesman told Reuters.
UAE Energy Minister Says Not Concerned With Current Oil Price
Thursday, January 11, 2018 United Arab Emirates (UAE) Energy Minister Suhail al-Mazrouei says he is not concerned with the current oil price.
Algeria Sends More Oil To Cuba As Venezuelan Supplies Fall
Wednesday, January 10, 2018 Algeria sent 2.1 million barrels of crude oil to Cuba last year and will ship the same amount in 2018, an official at Sonatrach says.
Rail Shipments of Canadian Oil to US Seen Rising Over 60 Pct
Friday, January 05, 2018 "Canadian barrels are a great fit for Gulf Coast refiners right now. It's just a matter of getting those barrels down here," said a Gulf Coast trader.
Outlook: Oil Price Recovery Fragile
Friday, January 05, 2018 Some degree of US producer restraint will be needed coupled with continued OPEC discipline and strong growth in world oil demand to sustain a recovery in oil prices.
Government: Venezuela Oil-Backed Cryptocurrency To Launch In Days
Thursday, December 28, 2017 Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion, in a bid to offset a deep financial crisis.
Five Oil Signals to Watch as 2018 Pits OPEC Against Shale
Thursday, December 28, 2017 Oil traders are going to have their work cut out for them in 2018.
Venezuela's PDVSA At Risk Of Losing Bonaire Terminal Over Maintenance Delay
Tuesday, December 19, 2017 PDVSA could lose its license to operate an oil storage terminal it owns on the Dutch Caribbean island of Bonaire if it does not soon fulfill maintenance demands by regulators, a government spokeswoman says.
Paralysis At PDVSA: Venezuela's Oil Purge Cripples Company
Friday, December 15, 2017 An alleged crackdown on graft in Venezuela has sown panic across the country's energy industry and all but paralyzed PDVSA.
Venezuela's PDVSA Begins Making Delayed Bond Interest Payments
Friday, December 15, 2017 Venezuelan state oil company PDVSA begins the process of making interest payments on four of its bonds.
Cuba Takes Over Venezuela Stake In Refinery Joint Venture
Thursday, December 14, 2017 Venezuela has pulled out of a partnership with Cuba in its Cienfuegos oil refinery and the Caribbean island has taken full ownership of the plant, Cuban state media says.
Trade Data: India's Nov Iran Oil Imports Skid To Lowest Since Feb 2016
Thursday, December 14, 2017 India's refiners imported nearly half as much crude oil from Iran in November as the month before, ship tracking data shows.
OPEC Sees Balanced Oil Market By Late 2018 As Cuts Erode Glut
Wednesday, December 13, 2017 OPEC expects the world oil market to be balanced by late 2018.
Oil Climbs as OPEC Tightening Dovetails With US Supply Drop
Tuesday, December 05, 2017 Crude rose as lower OPEC production and signs of shrinking US oil inventories bolstered expectations for an end to the global surplus.
Union Leader: PDVSA's Amuay Refinery Halts Distillation Unit
Thursday, November 30, 2017 Amuay refinery has halted its distillation unit No. 5 due to an operational problem.
OPEC, Russia Agree Oil Cut Extension To End Of 2018
Thursday, November 30, 2017 OPEC agrees to extend oil production cuts until the end of 2018, Reuters reports.