Oil Markets Are In For A Bumpy Ride

Iran to Release UK Flagged Oil Tanker

Iran said that it will release a UK-flagged oil tanker it has detained for nearly two months.

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Oil Markets Are In For A Bumpy Ride

Oil Jumps Most on Record After Attack

Oil posted its biggest ever intraday jump to more than $71 a barrel after a strike on a Saudi Arabian oil facility removed about five percent of global supplies.

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Oil Markets Are In For A Bumpy Ride

Oil Prices Down for the Week

WTI and Brent futures declined for the fourth straight trading day Friday.

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Oil Markets Are In For A Bumpy Ride

Trump Tentatively Agrees to Boost Biofuel Quota

The White House plans to boost biofuel quotas in order to offset refinery waivers.

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Oil Markets Are In For A Bumpy Ride

US Loses Another Dozen Oil, Gas Rigs

The nation’s number of active rigs dropped by 12 this week.

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Oil Markets Are In For A Bumpy Ride

Gas Prices Could Return to Disco-Era Levels

A vestige of the era of disco, bell-bottoms and stagflation could be making a comeback next year.

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Oil Markets Are In For A Bumpy Ride

India Considers Selling Refining Stake to Overseas Oil Firm

India is considering a plan to sell the nation’s second-largest state refiner and fuel retailer to a global oil company as it explores options to give up its controlling stake in Bharat Petroleum Corp.

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Oil Markets Are In For A Bumpy Ride

Mexico’s Growing Reliance on US Oil Will Continue

Proven oil reserves in Mexico have collapsed from 50 billion barrels 20 years ago to just 8 billion barrels today.

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Oil Markets Are In For A Bumpy Ride

Venezuela Cannot Find Vessels to Ship Its Oil

Exports of sanction-hit Venezuelan oil now face a new concern.

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Oil Markets Are In For A Bumpy Ride

Ex-Schlumberger Leader Takes MF CEO Role

Magseis Fairfield appoints Carel Hooijkaas as its new chief executive officer.

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Oil Markets Are In For A Bumpy Ride

Rig Bosses Try to Win Back Investors

Offshore drilling executives are trying to win back investors who have fled their stocks over the past year.

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Oil Markets Are In For A Bumpy Ride

OPEC+ Cohesion Could be Eroding

OPEC+ cohesion could be eroding, according to Jefferies.

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Oil Markets Are In For A Bumpy Ride

Oil Set for Drop as IEA Warns of Supply Glut

Oil is set for its biggest weekly loss in nearly two months as the International Energy Agency warned of a looming supply glut.

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Oil Markets Are In For A Bumpy Ride

Oil Prices Continue Descent

WTI and Brent crude oil declined for the second consecutive trading day Thursday.

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Oil Markets Are In For A Bumpy Ride

House Votes to Bar Arctic Drilling

The House voted Thursday to again bar oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, as Democrats seek to put Republicans on the record on tough environmental issues for the 2020 election.

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Oil Markets Are In For A Bumpy Ride

Mexico Extends Private Firm’s Offshore Contract

The Block 7 consortium has used the Ensco 8503 (now Valaris 8503) semisub in its appraisal drilling. PHOTO SOURCE: Talos Energy Inc.

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Oil Markets Are In For A Bumpy Ride

BP CEO Plans to Sell Oil Projects to Cut Carbon

BP’s CEO plans to sell some oil projects and curb the development of others to align its business with the Paris accord.

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Oil Markets Are In For A Bumpy Ride

LNG Hub Gets First Siberian Cargo

The liquefied natural gas terminal Lithuania built five years ago to reduce its dependence on Russian fuel is about to get its first Siberian cargo.

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