November 30, 2018

Falling Rig Count Can’t Halt Oil Price Slide

By Julianne Geiger – Nov 30, 2018, 12:15 PM CST Baker Hughes reported a 3-rig decrease for oil and gas in the United States this week. […]
November 30, 2018

BP, Shell Launch Blockchain Oil Trading Platform

A blockchain-based oil trading platform dubbed Vakt and developed by a consortium involving BP and Shell began operating this week, Reuters reports, citing the consortium. The […]
November 30, 2018

What’s The Answer To Canada’s Crude Crisis?

“The Government’s intent in the policy was to provide for the orderly development of the oil sands in such a manner as to supplement but not […]
November 30, 2018

Oil Prices Set To Book Worst Month In A Decade

Oil prices dropped early on Friday, on course to finish their worst month since 2008, as fears of oversupply and slowing demand growth dragged oil down […]
November 30, 2018

Reuters Poll: Analysts Cut 2019 WTI Oil Price Forecast To $67

Although analysts expect that OPEC will decide to cut production, they revised down their forecast for average WTI price to $67.45 in 2019, as surging supply […]
November 30, 2018

Russia’s Oil Minister: Oil Prices Are Good Where They Are

“In my view, the current price range of oil is comfortable for both producers and consumers,” said Russia’s Energy Minister Alexander Novak in an interview with […]
November 30, 2018

Taiwan Firm Stops Importing Iranian Oil Despite Waiver

Due to lack of a payment mechanism, Taiwanese firm Formosa Petrochemical will not be buying Iranian oil despite a U.S. waiver to do so, and will […]
November 30, 2018

U.S. Official: Iran’s Oil Exports Set Plummet Further

Iranian oil exports are set to drop off very soon, Special Representative for Iran Brian Hook said at a press briefing on Thursday. The ‘maximum pressure’ […]
November 30, 2018

Is China Spying On Tesla?

Tesla and other electric vehicle (EV) companies in China send as many as 61 real-time data points, typically without the drivers’ knowledge, to monitoring centers backed […]