OilPrice.com

With oil prices having rallied up to the $40 mark, some analysts have come out with bullish forecasts for the near-term. Plenty of risks remain however, and there are signs that the latest oil price...

The rebalancing of the oil market has been possible, in part, due to the sharp cutbacks in U.S. shale production. But what happens next for the industry?The latest data from the EIA estimates that...

The most recent edition of the Energy Information Agency monthly Drilling Productivity report confirmed what news reports had anecdotally told us. U.S. domestic shale production is on a decline, and...

U.S. oil and gas supermajors have come under plenty of flak during the ongoing oil price rout, with some blaming them for the oil price collapse for stubbornly refusing to lower production while...

Oil demand may not recover to pre-pandemic levels until 2022 at the earliest, according to a new report from the International Energy Agency (IEA).The surplus of crude oil sloshing around the world...

Since firebrand cleric Moqtada al-Sadr became the effective leader of Iraq after the victory of his ‘Sairoon’ (‘Marching Forward’) power bloc in the May 2018 general elections,...

The energy infrastructure company that transports a fourth of the crude oil produced in North America is looking to increase investments in renewable energy projects as it prepares to have its asset...

Saudi Arabia has instigated two oil price wars in the last decade and has lost both. Given its apparent inability to learn from its mistakes it may well instigate another one but it will lose that as...

The relief rally in oil may be coming to an end as oil market fundamentals are turning bearish once again and pointing to Brent crude slipping back to $35 in the short term, Goldman Sachs said on...

It’s a rule of thumb among epidemiologists that every epidemic is different and could be laden with surprises. It now seems the same applies to economic crises.During the last downturn, the one...

It shall not come as a surprise that Russia’s leading oil and gas companies are suffering amidst the market depression brought about by the SARS-COV-2. Most of the companies have been directly...

It has just been an amazing week for crude oil. We haven’t seen upward movement in WTI like we’ve seen this week in…forever, on a percentage basis.Buoyed by a dramatic shift in...

The economy is reopening, stock markets are already bouncing back in a hedge on the future, and we’re about to see the biggest shift in capital in years.It’s a big money shift away from...

Oil prices have surged to two-month highs on growing signs of a rebound in oil demand, as the easing of lockdowns spread worldwide. At its peak in April, global lockdown measures affected around 3.9...

The Commodity Futures Trading Commission has warned that as the expiry date for the June West Texas Intermediate contract approaches, the chances of extra price volatility have increased.The regulator...

The pandemic lockdown is killing the global economy, and while stocks are rebounding on the slim hope that everything will eventually go back to normal, Wall Street knows a fear bargain when it sees...