The number of oil rigs…
Despite having some of the…
WTI has recently experienced one of its biggest one-month declines in several years, having lost around eighteen percent since hitting a multi-year high of $76.90 last month. There has been…
The oil markets continue to be gripped with the continuation of violent selling in the last week, displaying what I can only describe as a ‘traditional’ puking:
If ship owners, oil refiners and traders had been hoping for a stay of execution concerning the International Maritime Organisation’s (IMO) impending rule on sulphur limits in bunker fuel, they…
The bullish spirit of September has turned sour by the end of October, with both analysts and traders expecting a rather difficult 2019. More often than not one encounters global…
Oil prices continued to slide on Friday afternoon, despite a small decline in the U.S./Canadian rig count.
Baker Hughes reported a 1-rig decrease for oil and gas in the United States this week, bringing the total number of active oil and gas drilling rigs to 1,067 according…
Presented on October 1 by Colm Imbert, the minister of finance, the 2019 budget forecasts GDP to increase by 1.9 percent this year before rising to 2.1 percent by 2021,…
Washington has granted eight Iranian oil importers waivers from the sanctions that enter into effect next Monday, among them Japan, South Korea, and India, a government official told Bloomberg.…
Oil prices have fallen around 15 percent over the past month, and concerns about oversupply have rushed back. OPEC and the U.S. are both adding enormous volumes of fresh supply,…
Just a few days before U.S. sanctions on Iranian oil exports return on November 5, the keywords about how much of Iran’s oil will come off the market are ‘lack…
I'm tempted to say the following to the writers of two recent pieces (here and here) outlining the continuing negative free cash flow of companies fracking for oil in America:…
“Canada has no energy plan beyond pedal-to-the-metal export of its non-renewable energy assets.” That’s the bottom line of a recent opinion piece in Calgary Herald by David Hughes, an…
Oil markets could be heading for a possible showdown this week, as U.S. sanctions on Iran will be implemented fully, OPEC+ producers have opened the valves and the global economy…
The oilfield service sector has been on the path of recovery from the 2014 industry downturn, but just when the industry says things are starting to look up, Moody’s has…
Establishing American “energy dominance” has been a key policy objective of the Trump Administration. Since coming to office, President Donald S. Trump has made increasing U.S. energy production and energy…
The deadline for implementation of U.S. sanctions on Iran is just days away, and the Trump administration is having second thoughts about how hard to press the Islamic Republic. More…
Charles de Gaulle once said: “no nation has friends, only interests.” Cooperation between Russia and Iran has been increasing over the years. The countries are drifting towards each other due…
Russia is currently the world’s biggest producer and exporter of fuel oil. But in just over a year, it could turn out to be the biggest loser from the new…
Oil started out the week seeing some volatility and choppy trading, awaiting more signs of a clear direction. (Click to enlarge)
Higher oil prices are expected to leave the oil industry flush with cash, but the “capital discipline” mantra remains. Market watchers have wondered whether top oil executives would eschew with…