OilPrice.com

Nine months after OPEC decided to leave its production target unchanged and pursue market share instead of trying to prop up prices, the group is facing a set of complex problems and decisions going...

Back in February 2015, Bob Dudley, BP PLC's (NYSE:BP) CEO, said in a Bloomberg TV interview that the fundamental supply and demand picture reminded him of 1986, and he feared we could go into a period...

Winters are the stuff of legend in Russia and – despite a fair bit of warming – winter 2015/16 is shaping up to be one of the harshest, and most formative, in recent memory.After a brief...

It is clear that it is no longer supply and demand for oil that is dictating the price but is instead the financial markets and more importantly money flows tied to central bank policy.Bearish...

With oil prices plummeting to multiyear lows, it’s not clear how much more downside could be left in the commodity. At the same time, sentiment on black gold is terrible, with every day last...

The bear market continues. Another week, another significant loss for oil prices. WTI neared breaking through the psychologically important $40-per-barrel threshold, as a litany of negative news...

Emerging market currencies are getting slammed by the collapse in commodity prices, a downturn that has accelerated in recent weeks.The health of many middle-income and emerging market economies has...

Last week I spotted a very interesting chart that Gregor MacDonald tweeted which showed world oil production over recent years excluding the USA. The chart was pretty flat and that got me wondering...

Persistently low oil prices have already inflicted economic pain on oil-producing countries. But with crude sticking near six-year lows, the risk of political turmoil is starting to rise.There are...

With the removal of sanctions on Iranian crude exports underway, the bearish price trend may continue through the end of the year, increasing the intensity of competition between oil exporters on a...

E&P companies have added 30 horizontal rigs in the Permian basin since the end of June. Most analysts didn’t notice (Figure1). Figure 1. Tight oil horizontal rig counts since January 1,...

“Lower for longer” is on everyone’s lips in the oil industry.A survey by the Wall Street Journal of investment banks found a growing consensus that oil prices not only won’t...

As the oil price bust continues, renewable energy and sustainability innovation is continuing unabated. For instance, an architecture company recently unveiled a set of plans for a smart floating farm...

Most investors have been attracted to the oil and energy industry due to its history of paying out large dividends. Blue Chip oil stocks have been known to possess management teams that are...

World liquids demand will be huge in 2015 because of low oil prices. That’s the good news.The bad news is that the demand surge hasn’t really begun yet and over-supply will dominate the...

Things will get better because they can’t get worse. We’re at or near the bottom. Better times ahead.But you’d never know that based on oil prices or the news. WTI dropped more than...