OPEC

U.S. Expected to Pass Saudi Arabia, Russia as World's Top Oil Producer

The United States is expected to take over Saudi Arabia and even rival Russia as the world’s leading energy producer, the International Energy Agency …

Oil

Yedlin: Celebrated economist offers mostly rosy 2018 forecast, except when it comes to crude

Calgary business leaders had the rare opportunity to hear Mohamed El-Erian, among the world’s leading economists, issue his forecast for 2018 on …

Oil

Schlumberger: Setting A Bullish Tone For The Sector

After encouraging results from Schlumberger, we might be finally staring at the early stages of a full recovery in energy services.<p>North America came …

Business

An Unenviable Accolade

Yesterday's monthly oil market report from OPEC showed that oil production from Kazakhstan likely increased by 180,000 bpd in 2017 to 1.74 million …

Oil

Oil prices fall on US output concerns

Oil prices ended down on Friday and broke a four-week winning streak after a rally that had taken benchmarks to three-year highs, as investors sold …

Oil

US to overtake Saudi as crude oil producer: IEA

The United States are set to overtake Saudi Arabia as the world's number two oil producer this year, as shale companies, attracted by rising prices, …

Oil

The Offshore U.S. Oil And Natural Gas Treasure Trove

U.S. Interior Secretary Ryan Zinke recently <b>announced</b> a leasing plan for 2019-2024 that would put more than 90% of the total Outer Continental Shelf (OCS) acreage and over 98% of “undiscovered, technically recoverable” oil/gas resources in federal offshore areas in play for future exploration and …

Oil

Giant Kashagan Oilfield Resumes Output After Power Disruption

Kazakhstan’s giant Kashagan oilfield is resuming production after power disruptions cut output this week.<p>Supply from the field is expected to regain …

Oil

OPEC Frets About New Flood of U.S. Oil

OPEC increased its forecast for rival oil-supply growth for a second month running after a recovery in prices sent Brent crude to $70 a barrel.<p>OPEC’s …

Oil

UPDATE 2-Oil prices fall over 1 pct on recovery in U.S. output

© Reuters. UPDATE 2-Oil prices fall over 1 pct on recovery in U.S. output<p>* US crude output soon expected to break through 10 mln bpd<p>* Crude prices in …

Oil

OPEC under pressure to scale back production cuts as oil rally continues

The surge of Brent crude prices over the last few weeks to $70 may be rattling OPEC, raising questions about the longevity of the collective production cuts.<p>Top OPEC officials surely did not expect such a dramatic run up in prices, at least not this early in the year. Both OPEC and the IEA have …

Oil

Crude Oil Falls In Asia With IEA Monthly Report, US Rig Count Ahead

© Reuters. Crude drops in Asia<p>Investing.com - Crude oil prices fell in Asia on Friday with fresh supply/demand and production figures on tap later in …

Oil

Oil prices sink 1%, head for biggest weekly loss since October

Oil prices took a sharp turn lower on Friday, as traders grew uneasy over record U.S. oil production.<p>February West Texas Intermediate oil CLG8, …

Oil

Varcoe: Moving away from a 'lower for longer' oil world

After oil prices fell into a deep downward spiral three years ago, the words “lower for longer” became a mantra across Canada’s energy sector.It …

Oil

The daily business briefing: January 19, 2018

1.<p>Markets shrug off government shutdown threat, for now<p>U.S. stock futures gained early Friday, despite the threat of a federal government shutdown. …

Oil & Gas Industry

OPEC December Oil Production

The latest OPEC Monthly Oil Market Report is out with production numbers for <b>December 2017</b>. All data is in thousand barrels per day.<p>Total OPEC crude …

Oil

OPEC sees more oil supply from rivals, countering its cuts and Venezuelan woes

© Reuters. FILE PHOTO: The OPEC logo is pictured at its headquarters in Vienna<p>By Alex Lawler<p>LONDON (Reuters) - OPEC has raised its forecast for oil …

Oil

U.S. Oil Prices Dip Ahead of EIA Weekly Supply Report

© Reuters. Oil edges lower ahead of U.S. supply report<p>Investing.com - Crude prices were slightly lower in early dealings on Thursday, amid …

Oil

Pressure Rising on OPEC to Develop Long-Term Output Plan

The battle between OPEC and shale oil producers can be characterized as a two-round fight. In the first round, shale producers gained market share …

Middle East

OPEC-Russia Oil Deal Faces a New Danger: Too Much Winning

When OPEC and Russia meet this weekend to review their strategy for clearing a global oil glut, they’ll face an unusual problem: it could be working …

Oil

Congo Republic plans to join OPEC oil cartel

© Reuters. FILE PHOTO - A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC …

Oil

Oil Loses Steam Ahead of Production Reports---Energy Journal

A daily digest of The Wall Street Journal’s coverage of energy companies, commodity markets and the forces that shape them.<p>Send us tips, suggestions and complaints: EnergyJournal@wsj.com<p>Sign up for this newsletter: http://on.wsj.com/EnergyJournalSignup<p>CRUDE EDGES DOWN AHEAD OF U.S., OPEC PRODUCTION …

Oil

More winning: US oil and gas industry so hot they're running out of workers

I saw a poll recently which said that 66% of the nation feels that the US economy is either “good” or “excellent” right now, despite the media’s best …

Oil

Legalizing marijuana is a step forward but not enough

On Jan. 1, California legalized weed. It marks a momentous occasion — a battle well fought and a job well done. We did that, seeing that the charge …

Cannabis

US to strengthen its presence in Central Asia

AKORDA<p>Click for full view<p>US President Donald Trump meets with Kazakhstan President Nursultan Nazarbayev in the White House, Washington DC, January …

European News

OPEC Early Exit Gains Popularity Among Banks as Oil Hits $70

As oil rallies to a three-year high near $70 a barrel, the view that OPEC and its partners will end their supply cuts early is spreading.<p>Citigroup …

Oil

UPDATE 6-Brent oil falls but demand underpins near $70/barrel

© Reuters. UPDATE 6-Brent oil falls but demand underpins near $70/barrel<p>* OPEC/Russia-led supply restraint has propped up crude<p>* Goldman Sachs …

Oil

India's imports of Iran oil in Dec scheduled to rise to most since March - source

© Reuters. India's imports of Iran oil in Dec scheduled to rise to most since March - source<p>* Total Dec crude loadings at 1.92 mln bpd, down 7 pct m/m<p>…

Oil

Oil dips away from 2014 highs on rising U.S. rig count, but analysts say market supported

© Reuters. Oil dips away from 2014 highs on rising U.S. rig count, but analysts say market supported<p>By Henning Gloystein<p>SINGAPORE, Jan 15 (Reuters) - …

Oil

Record Betting on Oil's Rally Begs Question: How Far Can It Go?

Another week of rising oil price and another record for money manager bets on gains. But can it last?<p>With wagers on rising West Texas Intermediate …

Oil