Crude
Ecopetrol Faces Investors on Q2 Results as Brent's Rally Collides With Falling Colombian Output
ROUNDTRIP TEST DEK
By John Winkler · 4 min
Ford Oil Corporation Readies Colombia Crude Push, Waiting on the First New Exploration Permits in Years
With Colombia set to inaugurate a new president on August 7 and its oil reserves running thin, Ford Oil Corporation says
By John Winkler · 6 min
The API Gravity Ladder: How Light-Sweet and Heavy-Sour Crudes Command Different Prices
Two numbers on an assay sheet, density and sulfur, decide which refineries can run a barrel and how many dollars separat
By Mike Miller · 5 min
Why Brent and WTI Trade at a Spread - And What the Gap Actually Tells You
The Brent-WTI differential isn't a mispricing to arbitrage away; it's the running cost of getting landlocked American cr
By Aaron Wilson · 5 min
The Hidden Life of a WTI Barrel: How Cushing Became the Pricing Heart of American Crude
A landlocked Oklahoma town of about 8,000 people sets the settlement price of the world's most-traded oil contract, beca
By Aaron Wilson · 6 min
Contango vs. Backwardation: Reading the Crude Futures Curve Like a Trader
The slope of the crude forward curve is a price of storage, and learning to read it tells you more about supply, sentime
By Aaron Wilson · 6 min
Contango and Backwardation: How the Shape of the Oil Curve Moves Real Barrels
The slope of the crude futures curve decides whether a trader gets paid to park oil on a tanker or gets punished for hol
By Aaron Wilson · 7 min
API Gravity and Sulfur: How Crude Quality Determines What a Barrel Is Actually Worth
Two numbers printed on every crude assay, density and sulfur, explain why a barrel of Alberta bitumen and a barrel of We
By Mike Miller · 6 min
Fighting for Barrels: Saudi Aramco Slashes August Asia OSP by $11, the Biggest Cut Since 2003
Aramco set its August Arab Light price to Asia at $1.50 below the Oman/Dubai average, an $11 monthly cut that is the ste
By Aaron Wilson · 5 min
Aramco Q1 Profit Jumps as Higher Prices Lift Adjusted Income to $33.6 Billion
Saudi Aramco's first-quarter adjusted net income rose to $33.6 billion on stronger oil prices and heavier crude sales, e
By Christy Davis · 5 min
Aramco Reports $104.7 Billion 2025 Net Income and Raises Dividend for a Fourth Year
The world's largest oil producer lifted its base dividend even as reported profit slid 12% on weaker crude, and its CEO
By Christy Davis · 5 min
OPEC+ Ends the Pause with a 206,000 bpd April Hike as Middle East Tensions Simmer
Eight OPEC+ producers agreed on March 1 to add 206,000 barrels a day in April, restarting the wind-down of their 1.65 mi
By Aaron Wilson · 5 min
Chevron Books Record Output as Venezuela Barrels Return to the Ledger
Chevron beat profit estimates on record production and said it could raise its Venezuelan output by up to 50 percent wit
By Aaron Wilson · 5 min
Venezuela Reforms Hydrocarbons Law to Open Oil Sector to Private Investors
For the first time since the 1970s nationalization that built PDVSA, Caracas is inviting private and foreign companies t
By Christy Davis · 5 min
Pemex Crude Output Sinks to 46-Year Low in 2025 Despite Rescue Push
Mexico's state oil company pumped about 1.635 million barrels a day last year, down roughly 7% and the weakest annual fi
By Mike Miller · 5 min
OPEC+ Reaffirms Q1 Output Pause, Citing Low Inventories and a Balanced Market
Eight OPEC+ producers held the line on supply for February and March, betting that lean global inventories vindicate a s
By Aaron Wilson · 5 min
Aramco Nudges January Arab Light OSP to +$0.60 Amid Soft Asian Demand
Saudi Aramco trimmed its January Arab Light selling price to Asia to $0.60 above the Oman/Dubai average, the third strai
By Aaron Wilson · 4 min
Aramco Cuts December Arab Light OSP to Asia to +$1 Over Oman/Dubai
Saudi Aramco trimmed its flagship grade by $1.20 a barrel for December-loading cargoes, the deepest discount to Asian re
By Aaron Wilson · 5 min
OPEC+ Approves 137,000 bpd December Rise Then Pauses Hikes Through Q1
Eight OPEC+ producers signed off on one more small December increase, then agreed to hold output flat through the first
By Aaron Wilson · 5 min
OPEC+ Shifts to a Modest 137,000 bpd November Hike as Glut Fears Mount
The eight-member OPEC+ core dialed back to a small November increase, starting to peel away its second cut layer while t
By Aaron Wilson · 4 min
Kurdish Crude Flows to Ceyhan Again After 30-Month Halt
Iraqi Kurdistan resumed piping crude to Turkey's Ceyhan terminal on September 27, ending a suspension that began in Marc
By Aaron Wilson · 5 min
OPEC+ Downshifts to Modest 137,000 b/d Increase for October
Eight OPEC+ producers slowed their supply revival to a token 137,000 barrels a day for October, a sharp retreat from sum
By Aaron Wilson · 5 min
Pemex Signs First Mixed Contracts With Private Firms to Reverse Output Decline
Mexico's state oil company opened its onshore fields to private partners for the first time under President Sheinbaum's
By Mike Miller · 5 min
Eni and Repsol Watch Venezuela Debts Swell After License Revocations
Six months after Washington pulled the licenses that let them collect from PDVSA in crude, Eni says Venezuela owes it $2
By Christy Davis · 5 min
Iraq Ramps Basra Crude Exports Toward Multi-Year Highs as Iran Sanctions Squeeze Tehran's Trade
Baghdad pushed August crude sales to roughly 3.38 million b/d and kept southern flows near their strongest levels in yea
By Aaron Wilson · 5 min
Aramco Lifts September Arab Light OSP to Asia to a $3.20 Premium Over Oman/Dubai
Saudi Aramco raised the September price of its flagship grade to Asian refiners by a dollar a barrel, a bet that the reg
By Aaron Wilson · 5 min
Aramco Q2 Profit Slides to $22.7 Billion as Low Prices Squeeze Cash Flow Below Dividend
The world's biggest oil producer paid out more than it earned in cash last quarter, holding its dividend steady while a
By Christy Davis · 5 min
OPEC+ Completes Rollback of Its Deepest Voluntary Cut, Lifting Iraq's September Quota
Eight producers signed off on a 547,000 barrel-a-day September increase that finishes unwinding the 2.2 million b/d laye
By Aaron Wilson · 5 min
Chevron Negotiates New Production-Sharing Terms to Recover PDVSA Debt
Under a license restored in July, Chevron will hand Caracas a slice of its Venezuelan crude in oil rather than cash, a s
By Mike Miller · 5 min
Chevron Resumes Venezuelan Crude Exports Under New Six-Month OFAC License
Washington has cleared Chevron to lift Venezuelan oil again, five months after ordering it to wind down, with a license
By Christy Davis · 5 min
Oil prices rise for the third consecutive day amid strong U.S. job data and escalating tensions in the Middle East.
Oil prices climbed for the third straight session on Thursday, as positive U.S. jobs data alleviated demand worries and
By Aaron Wilson · 3 min
U.S. oil production hit a new record high in August
U.S. oil production hit a new record high in August, marking a significant milestone in the nation's energy output. This
By Aaron Wilson · 3 min
The Dramatic Downfall of Mexico’s Oil Giant
Pemex, once a global oil giant, is now burdened by debt and declining production. The Mexican government's support for P
By Aaron Wilson · 4 min
Oil Price Prediction for 2024, 2025-2030 Oil price prediction
When discussing oil traded on financial markets, two primary types are distinguished: WTI and Brent.
By Aaron Wilson · 8 min
Oil Price Predictions for 2024: Potential Peak in the Third Quarter
Oil prices have remained relatively stable over the past quarter, continuing a trend seen since late 2022. Will the next
By Aaron Wilson · 9 min
U.S. shares declined at the close of trading; Dow Jones Industrial Average down 0.93%
U.S. equities declined at the close on Friday, with losses in the Dow Jones Consumer Goods, Dow Jones Oil & Gas, and
By Aaron Wilson · 3 min
Basrah Iraqi Crude Port: A Vital Hub for Global Oil Supply
In the southern region of Iraq, along the coast of the Persian Gulf, lies the Basrah Iraqi Crude Port, a pivotal player
By Aaron Wilson · 3 min
Wildfires Threaten Over 400,000 BPD of Canada’s Oil Sands Production
Alberta is grappling with a surge in wildfires fueled by hot and dry weather, endangering more than 400,000 barrels per
By Aaron Wilson · 3 min
Effects of Oil Spills on Marine and Coastal Wildlife
Oil spills are one of the most devastating environmental disasters that can occur in marine and coastal ecosystems. Thes
By Aaron Wilson · 3 min
Ford Oil Corporation Secures Major Deal with Iraqi Crude Supplier
In a strategic move aimed at addressing soaring fuel costs in the United States, Ford Oil Corporation has inked a signif
By Aaron Wilson · 3 min
Iran Swaps and China Sales Keep PDVSA Barrels Moving Despite Sanctions Squeeze
September tanker data shows Venezuela leaning harder on discounted Chinese buyers and crude-for-condensate barter with I
By Aaron Wilson · 5 min