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Heavy Sweet Oil Rises as Unlikely Star

(Bloomberg) — There’s a rising star in the oil world, and it’s heavy and sweet. Dense, low-sulfur oil, known in industry parlance as heavy sweet crude, is fetching increasingly stronger…

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U.S. Oil, Gas Reserves Hit Record Highs

Higher prices and continued shale resource development helped push U.S. crude oil and natural gas proved reserves to new record highs in 2017, the Energy Information Administration (EIA) said in…

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Perfect Storm Has Hit the Oil Market

The perfect storm has hit the oil market. That’s according to Spencer Welch, a director on the Oil Markets and Downstream team at IHS Markit, who made the statement in…

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