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Breaking News:

Oil Prices Gain 2% on Tightening Supply

Energy / Energy-General

Did Aramco Just Open Pandora’s Box?

Apr 01, 2019 at 18:58 | Cyril Widdershoven

Saudi Aramco, the world’s largest oil company, has for the first time ever issued a bond prospectus to financial markets, shedding some light on its financial structure and management. By…

New Energy Tech Is Hot Among Billionaires

Apr 01, 2019 at 18:02 | Irina Slav

Billionaires are spending more on renewable energy, storage, and battery technology. A group of them even set up a US$1-billion fund, Breakthrough Energy Ventures, to encourage research in these…

Trump Battles For Key Oil & Gas Projects

Apr 01, 2019 at 15:01 | Nick Cunningham

President Trump issued an executive order on Friday to push the Keystone XL pipeline forward, hoping to short-circuit litigation on the project and get it off the ground. The

Paper-Thin Profit Margins In Oil Push Traders To LNG

Apr 01, 2019 at 14:29 | Haley Zaremba

With thin profit margins growing even thinner in the crude oil sector, commodity trading houses have been looking for the next big movement in the energy industry to sink their…

Saudi Aramco Gets High First-Ever Credit Ratings

Apr 01, 2019 at 11:50 | Tsvetana Paraskova

Saudi Aramco received on Monday high first-time credit ratings from Fitch Ratings and Moody’s as Saudi Arabia’s oil giant is getting ready to launch its first bond in U.S. dollars.…

Federal Judge Reinstates Ban On Drilling Oil In Arctic

Apr 01, 2019 at 10:14 | Julianne Geiger

United States District Court for the District of Alaska judge Sharon L. Gleason decided late on Friday to reinstate the drilling ban on millions of acres in the Arctic that…

A Perfect Opportunity In Oil Tankers?

Mar 29, 2019 at 18:38 | Martin Tillier

I suppose to most people, the definition of the “perfect trade” is one that makes you a ton of money, but without the benefit of a crystal ball that can…

World’s Biggest Trading Houses Are On An LNG Buying Frenzy

Mar 29, 2019 at 18:29 | Editorial Dept

Oil prices took a bit of a hit this week, but the overriding sentiment is that we’ve got at least two more quarters of strong prices, though it may hit…

Oil Prices Climb As Geopolitical Issues Mount

Mar 29, 2019 at 16:43 | Tom Kool

Oil prices closed the week on a positive note, as professional buyers are more convinced that oil is trending higher in the short term.

Oil Rig Count Falls As WTI Hits $60

Mar 29, 2019 at 12:17 | Julianne Geiger

The the number of active oil and gas rigs fell for the second week in…

Washington Presses Traders To Stop Buying Venezuelan Oil

Mar 29, 2019 at 10:51 | Irina Slav

The U.S. administration is trying to pressure foreign commodity traders and refiners to suspend their trades with Venezuelan oil in the latest push against the Maduro government. The information comes…

Goldman Sachs: U.S. Drillers Aren’t Hedging Enough

Mar 29, 2019 at 10:28 | Irina Slav

Oil producers in the United States are not hedging enough future production while oil prices trend higher, Goldman Sachs has warned. According to the investment bank, drillers were now…

Can Energy Bring Peace To The Levant Basin?

Mar 28, 2019 at 12:38 | Global Risk Insights

Research on the Levant Basin dates back to 2010 when the Leviathan block was first discovered by Ratio Oil. Following this, companies like US-owned Noble Energy and French giant…

Oil Prices Fall As Trump Targets OPEC On Twitter

Mar 28, 2019 at 10:58 | Julianne Geiger

President Donald Trump called OPEC out on Twitter once again on Thursday, pressing the oil “monopoly” to stop driving prices higher. The US President’s latest tweet, while calling on the…

Washington’s Secret Nuclear Deal With Saudi Arabia

Mar 28, 2019 at 10:23 | Irina Slav

Washington has secretly given the go-ahead to several companies to sell nuclear power technology to Saudi Arabia, Reuters reports, citing a document it had obtained. The document featured an…

The World’s Largest Oil Company And Petrochemical Company Merge

Mar 27, 2019 at 18:50 | Cyril Widdershoven

The long awaited Saudi Aramco acquisition of Saudi Basic Industries Corporation (SABIC) is finally here. With a statement to the press, Aramco CEO Amin Nasser reported that Aramco…

A “Perfect Coup’’ Is Unfolding In Algeria

Mar 27, 2019 at 17:03 | Cyril Widdershoven

The ongoing unrest in one of North Africa’s largest oil and gas producers Algeria is reaching boiling point. After weeks of protests from the opposition, aimed at blocking the possible…

World’s Largest EV Market Loves Gas Guzzling Trucks

Mar 27, 2019 at 15:14 | Jon LeSage

While China may be the world’s largest market for electric vehicle sales, Chinese car buyers have a new love affair: pickup trucks. As in the U.S., pickups are ideal for…

Traders Provide A Clue About Where Oil Is Headed

Mar 27, 2019 at 14:09 | Editorial Dept

Oil markets are enjoying a modestly bullish March on the back of coordinated OPEC+ production cuts and unplanned production outages in Venezuela. Peripheral bullish narratives have included dovish central bank…

Global Intelligence Report – 27th March 2019

Mar 27, 2019 at 14:08 | Editorial Dept

Sources- Turkish Treasury Ministry official- Turkish Interior Ministry official- American intelligence contractor based in London- British former diplomat in Saudi Arabia ISIS may be on the…

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