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Trading Crude With A Short Bias

Trading Crude With A Short Bias

Despite what looks like bullish…

Energy / Crude Oil

Western Insurers May Inadvertedly Help To Ship Russian Crude

Apr 28, 2023 at 14:30 | Tsvetana Paraskova

Western tanker insurers are concerned that they may inadvertently help ship Russian crude oil above the $60 per barrel price cap as purchases and transactions have become opaque since the…

The 10 Most Incredible Oil And Gas Discoveries Of All Time

Apr 28, 2023 at 12:36 | Irina Slav

Many believe that the beginning of the crude oil industry was marked in the United States with the discovery of the Titusville well in Pennsylvania in the 1860s. In…

Permian Rig Count Inches Higher As WTI Recoups Some Losses

Apr 28, 2023 at 12:20 | Julianne Geiger

The total number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published Friday, after rising by 5…

Exxon Greenlights New Multibillion-Dollar Guyana Project

Apr 28, 2023 at 09:29 | Irina Slav

Exxon will go ahead with a $12.7-billion oil development off the coast of Guyana after the country’s government gave its final approval to the project. The Uaru project is…

The Permian Will Lead U.S. Oil Deal-Making

Apr 27, 2023 at 15:21 | Tsvetana Paraskova

A new wave of mergers and acquisitions is coming to the U.S. oil patch, and the most prolific shale basin, the Permian, is set to lead the deal-making activity in…

The Brent Oil Benchmark Is About To Change Forever

Apr 27, 2023 at 10:57 | Tom Kool

West Texas Intermediate Midland crude is about to be added to the Brent benchmark contract this June. This would be the first time a non-North Sea crude has been added…

Suncor In $4.1B Deal To Buy TotalEnergies’ Oilsands Operations

Apr 27, 2023 at 10:41 | Charles Kennedy

Calgary-based Suncor Energy will acquire French TotalEnergies’ Canadian operations in a US$4.1-billion deal for the oilsands patch.  For US$4.1 billion in cash

3 Reasons Why Oil & Gas Is Goldman Sachs’ Favorite Sector

Apr 26, 2023 at 11:37 | Alex Kimani

Wall Street investment bank Goldman Sachs has advised investors to buy energy and mining stocks, saying the two sectors are positioned to benefit from economic growth…

Large Crude Inventory Draw Jolts Oil Prices

Apr 26, 2023 at 09:40 | Irina Slav

Crude oil prices moved higher today, after the Energy Information Administration reported an inventory draw of 5.1 million barrels for the week to April 21. This compared with another…

Oil Discoveries Made Guyana The World’s Fastest-Growing Economy

Apr 26, 2023 at 09:05 | Matthew Smith

In as little as eight years since ExxonMobil’s first offshore discovery in Guyana the impoverished former British colony has emerged as a major oil producer and exporter.…

Private Investment Boosts Mexico's Oil And Gas Sector

Apr 26, 2023 at 07:56 | Felicity Bradstock

Mexico still has a strong potential for oil and gas despite faltering due to nationalisation policies and a poor health and safety record in recent years. Despite a poor track…

Colombia’s Embattled Oil Industry Hit Hard By Exxon Exit

Apr 25, 2023 at 09:14 | Matthew Smith

Since the 2020 COVID-19 pandemic, Colombia’s economically crucial oil industry has struggled to recover. During 2022, Colombia only pumped an average of 754,199 barrels daily, which is significantly…

Big Oil Strikes Out At Supreme Court

Apr 25, 2023 at 07:54 | Irina Slav

Anti-oil groups won a victory on Monday after the Supreme Court ruled that lawsuits brought against the oil industry by municipalities should proceed at the state level. The issue at…

Abundant Russian Supply Causes Drop In Refinery Margins

Apr 25, 2023 at 07:42 | Charles Kennedy

Global refining margins have halved since February as Russian crude exports remain elevated despite sanctions, boosting fuel output from China and India, Reuters has reported, noting…

Top 10 Countries With Largest Oil Reserves

Apr 24, 2023 at 10:29 | Irina Slav

We all know who the biggest producers of crude oil in the world are and can list the top three without effort. But here’s the thing –…

China’s Economy Is Picking Up, But Oil Demand May Disappoint

Apr 24, 2023 at 09:08 | Simon Watkins

China’s economy grew by 2.2 percent on a seasonally adjusted basis in the first quarter (Q1), a massive improvement on the previous quarter’s 0.6 percent growth. Also positive from the…

Chinese Refiners Snap Up Discounted ESPO And Urals Crudes

Apr 21, 2023 at 09:14 | Josh Owens

China imported the highest-ever volumes of Russian crude oil in March, which kept Russia on top of Chinese crude suppliers’ list ahead of Saudi Arabia, government data from China showed…

M&A Activity In The Permian To Pick Up In 2023

Apr 20, 2023 at 13:05 | Tsvetana Paraskova

Reports of supermajor ExxonMobil holding informal discussions to buy the top pure-shale firm, Pioneer Natural Resources, reignited market talk about the start of the next phase of mergers and acquisitions…

Standard Chartered: Oil Demand To Hit All-Time High In August

Apr 19, 2023 at 12:16 | Alex Kimani

Previously, we reported that energy agencies have been growing more bearish with their forecasts on oil demand growth with four experts including  IEA and OPEC Secretariat giving divergent views.…

Why Biden Needs To Relax Sanctions Against Venezuela

Apr 19, 2023 at 10:41 | Matthew Smith

The recent shock OPEC+ production cut of nearly 1.2 million barrels per day caught the world by surprise and caused the price of oil to spiral higher, with Brent soaring…

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