Above-average withdrawals of natural gas from storage in the 2020–2021 winter heating season and below-average injections into storage this summer contributed to a forecast of below-average inventories of natural gas in the U.S., along with relatively flat dry natural gas production and high natural gas exports. SourceContinue Reading

Canadian oil production is more than two and half times domestic demand, yet the majority of crude oil demanded in the country arrives via the United States, according to a new analysis by IHS Markit. SourceContinue Reading

Texas Midland Pumped 15% Of All U.S. Crude Oil In 2020 | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Aug 11, 2021, 8:30 AM CDT The Midland basin in Texas...Continue Reading

Big Oil’s Foray Into Green Energy Creates Highly Competitive Market | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Related News By Tsvetana Paraskova – Aug 11, 2021, 7:00 AM CDT The increased investments of international oil...Continue Reading

Futures tumbled 1.2% in New York Wednesday as CNBC reported that the White House contacted OPEC leader Saudi Arabia to help stabilize U.S. gasoline prices. SourceContinue Reading

Why Russian Oil Giant Lukoil Won’t Give Up On This Huge Oilfield | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Aug 10, 2021, 7:00 PM CDT...Continue Reading

Can Anything Replace China As Demand Driver For Oil? | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Aug 10, 2021, 6:00 PM CDT That the oil-producing world is highly reliant on China’s...Continue Reading

Colombia’s Oil Industry Tumbles Amid Violent Protests | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Aug 10, 2021, 5:00 PM CDT After being rocked by a...Continue Reading

Why Many Commodities Are Still Undervalued | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 10, 2021, 4:00 PM CDT Exactly a year ago, I wrote a blog post titled, “A Generational Opportunity In Commodities?” arguing the bullish case for things like...Continue Reading

Oil Rises Despite Small Inventory Draws | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Aug 10, 2021, 3:40 PM CDT The American Petroleum Institute (API) on Tuesday reported a draw in...Continue Reading