Oil Prices Slip Despite Modest Draw In Crude Inventories
After a week-long rally that eventually saw Brent and WTI both jump the US$50 barrier for the first time in a month, this week produced a string of bad news…
Venezuela Expects Refinery Output Capacity To Drop To 44%
Venezuelan state energy giant PDVSA expects its refineries to run at 44 percent capacity in August due to crude supply issues, Reuters reported on Tuesday. At maximum output, the refinery…
This Could Be The Biggest Winner Of The Oil Price Rebound
What’s better than proven heavy oil resources in Argentina and three spots on natural gas plays in Colombia? That’s easy: A management team led by a man who owns the…
Did Google Just Tackle The Biggest Problem In Energy?
Any news about energy storage advancement is bound to make a splash. After all, storage is the main stumbling block for renewable energy—data from Bloomberg New Energy Finance reveals that…
Have Oil Majors Really Adapted To $50 Oil?
The oil majors, by and large, have posted dramatically better financial figures for the second quarter, a sign that their cost reduction efforts are bearing fruit. They are no longer…
Oil Prices Slammed After API Reports Surprise Build In Crude Inventories
The American Petroleum Institute (API) reported a surprise build of 1.779 million barrels in United States crude oil inventories, compared to S&P Global Platts survey of analysts who expected a…
Against All Odds: The Return Of An Oil Giant
Only a year ago, the Brazilian state company Petrobras seemed a complete basket case, an exemplary case of how not to lead a company that is rich in both resources…
Qatar Dispute Back To Square One
The four countries leading the boycott against Qatar are going back to their list of 13 demands for Doha to meet before talks can start, essentially reverting the Arab Gulf…
Russian Oil Output Down 307,600 Bpd
Russian oil output is down 307,600 barrels per day, compared to October levels, according to the country’s oil minister. “At the end of July 2017, the reduction of oil production…
Europe’s Largest Oil Refinery Shuttered For Weeks
A Royal Dutch Shell refinery in Rotterdam will remain closed until mid-August after a fire at the facility’s electricity stations caused it to shut down over the weekend, according to…