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Goldman Sachs: Inventory Drawdowns Will Not Continue

Goldman Sachs: Inventory Drawdowns Will Not Continue

Goldman Sachs has reported that…

Oil Fundamentals Overturn Geopolitical Risk

Oil Fundamentals Overturn Geopolitical Risk

Geopolitical risk from Iraq and…

The Energy War That Erdogan Is Winning

The Energy War That Erdogan Is Winning

The Turkish Republic of Northern…

Energy

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Trump’s Iran Decision Haunts Big Oil

Oct 18, 2017 at 17:19 | Nick Cunningham

United States President Donald Trump’s decision to “decertify” the Iran nuclear deal probably won’t have an immediate impact on oil prices, but the decision could plant the seeds of problems…

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Big Oil Refuses To Give Up On The Barents Sea

Oct 18, 2017 at 16:56 | Tsvetana Paraskova

Encouraged by recently opened areas and potentially huge yet-to-be-discovered resources, oil companies launched a record exploration drilling campaign in Norway’s Barents Sea this year. But as the summer and the…

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UK Oil And Gas Costs To Rise 100% If Brexit Fails

Oct 18, 2017 at 15:09 | Irina Slav

The UK’s embattled oil industry might have to tackle a twofold increase in trade costs if its separation from the European Union takes place under a no-deal scenario, an industry…

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Are Combustion Engines Reaching Peak Demand?

Oct 18, 2017 at 14:59 | Peter Tertzakian

Imagine if we woke up tomorrow and read the headline, “GLOBAL PACT: ALL COUNTRIES AGREE TO BAN THE SALE OF INTERNAL COMBUSTION ENGINES.” And then imagine that we wake up…

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The World's Top Crude Trader Sees Brent Crashing To $45

Oct 18, 2017 at 13:39 | Julianne Geiger

The world’s largest oil trader sees the price of the Brent barrel falling almost $14 to $45 in 2018, from its current price of $58.01, according to Ian Taylor, CEO…

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OPEC Favors 9-Month Extension Of Production Cut Agreement

Oct 18, 2017 at 10:51 | Julianne Geiger

OPEC favors a nine-month extension to the OPEC/NOPEC production cut deal, according to four anonymous Reuters sources, which would push out the agreement until December 2018. The possibility of…

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Major Crude Oil Draw Sends Oil Prices Higher

Oct 18, 2017 at 09:58 | Irina Slav

A day after API’s estimate of a 7.13-million-barrel draw in U.S. oil inventories led benchmark prices higher, the EIA added to bullishness by reporting inventory figures largely in…

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Iran Ready For OPEC Oil Deal Extension

Oct 18, 2017 at 09:20 | Irina Slav

Iran is ready to take part in a further extension of the OPEC oil production cut deal, the country’s Deputy Minister for Trade and International Affairs said at an…

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The Natural Gas Market Is Set To Boom

Oct 17, 2017 at 16:25 | Tsvetana Paraskova

Lower-for-longer oil prices and the advance of renewable energy and electric vehicles have made Big Oil plan for a gradual shift toward natural gas in their production portfolios.   All…

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Big Oil To Bet On Petrochemicals As Demand Peak Looms

Oct 17, 2017 at 16:20 | Irina Slav

Remember that “This Ain’t Your Daddy’s Oil” commercial that blew up on Twitter at this year’s Super Bowl? It was about crude oil being used for things other than…

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