February 6, 2019

Oil Markets React Lukewarm To Venezuela Supply Outage

When Washington announced its latest sanctions against Venezuela, targeting specifically state oil company PDVSA, there was worry—and hope, depending on perspective—that this will push crude oil […]
February 5, 2019

Sanctions Cut Off Venezuelan Crude Supply To U.S. Refiners

U.S. refiners will not be able to complete transactions for shipments of crude from Venezuela’s PDVSA for cargoes they had contracted before the U.S. Treasury slapped […]
January 29, 2019

U.S. Refiners Brace For Venezuelan Supply Crunch

By Irina Slav – Jan 29, 2019, 9:30 AM CST The trump administration announced new sanctions on Venezuela’s state oil company PDVSA, which will significantly reduce […]
January 16, 2019

Russia’s Looks To Build ‘LNG Island’ To Supply Booming Asian Market

While Russia’s gas giant Gazprom is working to complete the Power of Siberia gas pipeline expected to begin delivering gas to China in December 2019, another […]
December 11, 2018

U.S. Energy Secretary Perry To Saudis: We Want Stable Supply And Prices

U.S. Secretary of Energy Rick Perry reiterated the “need for stable supply and market values” during talks with Saudi Energy Minister Khalid Al-Falih in Saudi Arabia, […]
November 28, 2018

German Industry Doesn’t Need Additional Oil Reserve Release To Ease Tight Supply

Germany’s oil industry body doesn’t plan at the moment to ask for more releases from the national reserves to ease tight oil product supply caused by […]
November 24, 2018

Oil Prices Collapse On Supply Surge

Oil prices collapsed on Friday, with WTI threatening to break the $50 mark and Brent falling below $60 for the first time in over a year. […]
November 21, 2018

Oil Prices Tank As Supply Glut Fears Return

Oil prices collapsed on Tuesday for the second time in a week. During midday trading, WTI fell below $55 per barrel and Brent dropped below $65 […]
November 21, 2018

Is It Too Late To Avoid An Oil Supply Crisis?

Wood Mackenzie isn’t pulling any punches. “The warning signs are there – the industry isn’t finding enough oil.” And its latest report continues in the same […]