- New energy projects brighten North Sea's twilight years
May 19, 2017
New oil projects over the next two years in the North Sea will have combined capacity to produce 1.2 million barrels per day (bpd), offsetting a slide in output from the oldest deepwater basin that produces the world’s benchmark crude.
Read Ar...
- Europe's refineries must stay nimble to avoid margin squeeze
May 17, 2017
Europe's oil refiners will have to carefully manage production, possibly even turning to diesel, to sustain margins as high oil product inventories and uncertain gasoline demand growth threaten a model that has been lucrative over the past three y...
- OPEC risks deal fatigue as maintaining oil curbs get tougher
May 17, 2017
OPEC impressed oil traders this year by making almost all the supply cuts it promised. Keeping output down will only get harder.
Read Article
- Oil market rebalancing needs 'much work' says IEA
May 16, 2017
Drastic Opec-led production cuts have helped accelerate the oil market recovery but “much work remains” to drain excess inventories, the International Energy Agency said on Tuesday.
Read Article
- API data mixed, Saudi's reduce supply to Asia
May 13, 2017
US crude production is expected to rise by more than previously expected in 2017 to 9.31 million barrels per day from 8.87 million bpd in 2016, a 440,000 bpd increase, the US Energy Information Administration said.
Read Article