U.S. Permian basin is positioned to play a major role in U.S. energy industry and the global oil market going forward. Here are the key facts about the …
Latest Insight, Analysis & Commentary
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What is offshore decommissioning? Offshore decommissioning involves plugging oil and gas wells and disposal of the equipment used in offshore oil and gas production. It occurs in the …
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OPEC crude oil production increased by approximately 173.4 thousand bbl/day to reach to 32.327 million bbl/day during the month of June 2018. Last month’s OPEC crude oil production …
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Crude oil futures have spiked more than 6 percent this week following the release of U.S. crude oil inventories data by the Energy Information Administration (EIA) on Wednesday …
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In its 174th Meeting last week, the Organization of Petroleum Exporting Countries (OPEC) approved with immediate effect Congo’s request to join the Organization. The approval of OPEC to …
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Oil Market Updates
Saudi Arabia and Russia: Collaboration for the Sake of Higher Oil Price
by EditorThe warm relationship between Saudi Arabia and Russia is getting even warmer as Russia was officially invited by Saudi Arabia to become an OPEC observer member according to …
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Alahdal's Insights
Oil Market Cycle: Where Exactly Are We Now, and Why OPEC Actions Could Trigger A Price Collapse
The last time I wrote an article on the state of the oil market with regard to the oil market cycle was back in April 2016. At that …
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Venezuela is doing the oil market a big favor. The country’s crude oil production has been in a free fall for few years now. This downward trend has …
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US Oil Rig Count Growth: The number of active rigs drilling for oil in the US increased by 11 rigs last week, bringing the total number of rigs …