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While the worst seems to be behind, the U.S. oil industry continues to face a large number of challenges, and industry executives remains cautious in 2021

Venezuela’s crude oil and refined product exports plummeted in 2020 to their lowest level in 77 years, as the U.S. continued to step up sanctions against Nicolas Maduro’s regime and anyone found dealing with it

Oil futures rise Wednesday, buoyed by industry data that shows U.S. crude inventories fell last week.

The global energy transition has grabbed plenty of headlines in 2020, but the story investors are telling themselves does not appear to line up with the fundamentals

The oil industry hasalways been a boom-and-bust business, and 2020 will go down as the biggest bust in the industry's history thanks to the double whammy of the coronavirus pandemic and the spring price war between Saudi Arabia and Russia.

Egypt and Iraq have just signed a major oil-for-reconstruction deal that is expected to bolster the two countries’ energy relations

An explosion rocked a Singapore-flagged oil tanker at the Saudi Red Sea port of Jeddah, according to multiple media reports

Oil futures edge lower Friday, but remain on track for weekly gains as investors appear to take their cue from the rollout of COVID-19 vaccines.

OPEC+ appears to have played its role perfectly in the market, with oil prices steadily climbing as the industry appears to have begun its recovery in earnest

The quick decline in shale production may have halted, and while the rig count is rebounding again, a rapid rebound is not in the books for a variety of reasons

OPEC and its partners are widely expected to extend oil production cuts of 7.7 million barrels per day through to at least March 2021.

#energy

Rising oil inventories capped oil prices on Tuesday afternoon despite good news on the COVID-19 vaccine front

United States crude oil production increased by 286,000 barrels per day in September, led by growing output from the Gulf of Mexico and North Dakota

An oil tanker flying a Maltese flag was damaged by a mine explosion in the Red Sea near Saudi Arabia

Rising COVID-19 cases raise the specter of another global glut of crude oil. But spreads between near- and far-dated oil futures are telling a different story.

Saudi Arabia has thwarted a planned attack with explosives against an oil products terminal near the border with Yemen, the Kingdom said early on Friday

The ADIPEC 2020 Trading Forum saw a wide range of forecasts expressed, but it is undeniable that the hard times are still far from over for the oil industry

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"Leading the Way..." In Oil & Gas Investing