Biggest Oil Cos Need to Find 22MM Bpd by 2040
'The main industry players can't spend their way out of the problem', Wood Mackenzie warned.
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Saudi Arabia, Iran Boost Oil Exports amid Rising Mideast Tensions
Saudi Arabia is on course to export the most crude in almost three years this month, while Iran has been rapidly filling up tankers in recent days.
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Crude Volatile Ahead Of Iran Talks
Oil prices fluctuated as traders weighed Iran risks and supply signals.
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North Sea Oil Signals Weakness
The North Sea crude market is flashing signs of weakness.
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EIA Sees USA Energy Demand Under 2025 Levels for Next 2 Years
The U.S. Energy Information Administration projected that U.S. total energy consumption will remain below 2025 levels in both 2026 and 2027.
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Oil Extends Losses on Mideast Risks
Oil prices fell as traders reacted to renewed Iran nuclear deal speculation and geopolitical tensions.
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Shale Giant Says Threat of Oil Glut Is Receding
As recently as mid-December, the prevailing outlook among respected oil watchers was that a huge surfeit was in the making that would send crude prices tumbling.
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Trump Eyes Post-State of the Union Texas Trip
President Donald Trump will head to Texas on Friday.
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Oil Market Remains Firmly in Wait and See Mode
The oil market 'remains firmly in wait and see mode', according to SEB Commodities Analyst Ole R. Hvalbye.
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Oil Resilient Amid Middle East Tensions
Banks said the rally reflects risk premiums rather than tight physical supply.