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Oil&Gas Drilling
U.S. Crude Oil Rig Count Plunges To Near 2-Year Low
The US oil and gas rig count fell sharply on Friday, decreasing by 19 for the week, according to Baker Hughes. The total oil and gas rig count now stands at 916…
Oil&Gas Drilling
U.S. Sanctions Deadline is Threatening to Clobber Venezuela's Dwindling Oil-Rig Fleet
A looming U.S. sanctions deadline is threatening to clobber Venezuela’s dwindling oil-rig fleet and hamper energy production in the nation with the world’s la…
Oil Price
US Refined Product Stocks Build Higher than Expected
Oil prices slipped on Thursday, paring earlier gains, weighed down by lingering worries about the global economy and bigger-than-expected builds in oil product …
Crude
Oil Prices held Steady After the Energy Information Administration
Oil prices held steady on Wednesday morning after the Energy Information Administration today reported a draw of 2.7 million barrels in crude oil inventories.
Crude
BP and Glencore are Struggling to Sell Around Tainted Russian Oil
BP and Glencore are struggling to sell around 600,000 tonnes of tainted Russian oil more than three months after the contamination was discovered, according to …
Oil & Gas Trade
Washington' s Decision to Reimpose Sanctions on all Purchases of Iran' s Crude
The United States has removed nearly 2.7 million barrels of Iranian oil from global markets daily as a result of Washington’s decision to reimpose sanctions on…
Crude
How Much Crude Oil Has The World Really Consumed?
The Energy Information Administration (EIA) estimates that the world consumed 96.92 million barrels per day in 2016, with the top 10 consumers accounting for 60…
Oil & Gas Trade
U.S.-China Trade Tensions would Ease and on Hopes, Crude Oil Prices held mostly Steady
Crude oil prices held mostly steady on Tuesday on optimism that U.S.-China trade tensions would ease and on hopes that major economies would enact stimulus meas…
Oil Price
US and China Provided Some Volatility to Crude Prices
Crude oil futures were higher during mid-morning trade in Asia Monday, finding support from OPEC's latest monthly oil market report while uncertainty on the ong…
Oil & Gas Trade
The Iranian Oil Tanker has Departed From Gibraltar after the British Overseas Territory
The Iranian oil tanker at the center of a diplomatic dispute has departed from Gibraltar after the British overseas territory rejected a US demand to seize the …
Oil&Gas Drilling
OPEC Oil Production Dips on , Saudi Arabia, Nigeria, Others' Cuts
The Organisation of Petroleum Exportig Countries (OPEC’s) crude oil production fell by another 246,000 barrels per day (bpd) last month compared to June.
Oil & Gas Trade
How Do U.S. Sanctions Affect the Sector?
In January the United States imposed sanctions on Venezuela’s most important global business - producing and selling crude oil, which accounts for more than 95…
Oil Price
Crude Oil Futures Retreated from Overnight Highs
Crude oil futures retreated from overnight highs, spurred by signs of a thaw in US-China tensions, during mid-morning trade in Asia Wednesday on profit-taking f…
Oil & Gas Trade
Crude Oil Futures were Marginally Lower During Mid-morning Trade in Asia
Crude oil futures were marginally lower during mid-morning trade in Asia Tuesday, amid concerns over the impact the ongoing US-China trade tensions will have on…
Crude
US Crude Oil Inventories Fell , as Refinery Runs Remained High
US crude oil inventories likely fell 2.7 million barrels last week, as refinery runs remained high, an S&P Global Platts analysis showed Monday.
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