Goldman: OPEC Needs To Do More To Restrain Shale Oil
Investment bank Goldman Sachs advised…
Investors Unimpressed By String Of Oilfield Services IPO’s
The number of oilfield service…
Energy / Energy-General
Has Big Oil Regained Its Pre-Crash Position?
The oil price crash battered the 2016 earnings of energy firms, but the usual suspects are still there in the rankings of the biggest oil and gas companies this year.…
Is Goldman Sachs Playing With Fire In Venezuela?
Goldman Sachs bought last week around US$2.8 billion bonds issued by Venezuela’s embattled state oil firm PDVSA, betting that a change in the Venezuelan regime could more than double the…
The OPEC Elixir Wasn’t Potent Enough
Those new to financial markets, and energy trading in particular, were probably somewhat puzzled by the price action in oil futures this week following the announcement by OPEC and some…
Is China Liberalizing Its Oil And Gas Industry At The Right Time?
Foreign oil companies will soon be able to invest in China’s upstream sector through joint ventures with the country’s three major fossil fuel companies, according to a new manifesto by…
Does OPEC Have An Exit Strategy?
Oil bulls were unhappy with yesterday's OPEC announcement, which disappointed by adding nothing to the 9 month supply cut extension announcement which had already been leaked and largely priced in…
The Big Data Revolution In Oil Is Accelerating
It was about time big data entered the lives of Big Oil. Yet it’s not happening exactly as expected. Oil companies are not making a mad dash to collect and…
Texas Shows No Sign Of Slowing Production Growth
(Click to enlarge)The Chart above compares several different combinations of past (vintage) data to estimate output. The dotted line is based on the…
Uzbekistan To Increase Its Refining Capacity By 50%
Uzbekistan revealed in late April that it had begun building a new $2.2 billion oil refinery that would produce fuel for sale domestically and abroad. Official news sources stated perfunctorily…
It’s Not Over For OPEC Just Yet
OPEC extended production cuts that were originally agreed in December 2016 for another 9 months, delivering both OPEC members and Russian discipline that will last well into the Spring…
Expect Choppy Oil Markets As Markets Digest OPEC’s Decision
July Natural Gas Weekly Recap Natural gas prices continued this week’s price slide on Thursday after U.S. government data showed that natural gas supplies in storage rose more than expected…
