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Sao Paulo's Power Grid Nears Breaking Point

Sao Paulo's Power Grid Nears Breaking Point

Sao Paolo is facing blackouts…

Energy / Energy-General

Tanker With 19 On Board Disappears In Pirate-Infested Waters Off Africa

Aug 22, 2018 at 13:33 | ZeroHedge

A tanker with 19 crew members on board is feared to have been hijacked after it went missing in pirate-plagued waters off Gabon in West Africa and no word has…

Saudis Officially Call Off Aramco IPO

Aug 22, 2018 at 12:46 | Julianne Geiger

The long-wait is over. Today, reports surfaced that Saudi Arabia has long-ago called off its highly anticipated, $100-billion-dollar IPO, Reuters sources confirmed, with even plans to list the state-run…

The Next Major Challenge For Norway’s Oil Industry

Aug 21, 2018 at 14:57 | Tsvetana Paraskova

The next challenge for Norway’s oil industry may not come from another oil price crash. It could come from a political uncertainty over which new areas Western Europe’s biggest oil…

PDVSA Settles With ConocoPhillips In Desperate Bid to Stop Decline

Aug 20, 2018 at 16:34 | Nick Cunningham

PDVSA settled with ConocoPhillips on Monday over an outstanding debt issue, a move that the Venezuelan oil company surely hopes will give it some breathing room even as the…

Trump Administration Embraces Energy Dominance Agenda

Aug 20, 2018 at 14:07 | Irina Slav

The United States no longer needs to conserve oil as domestic production increases have reduced the need for imports. As a result, the United States has been given “more flexibility…

New Gulf Of Mexico Leases Raise Concerns

Aug 20, 2018 at 13:38 | Tim Daiss

The Trump administration on Wednesday held a new auction for offshore drilling in the Gulf of Mexico (GOM), yielding some $178 million in winning bids, a slight improvement from…

Why Mexico’s Oil Production Could Fall Even Further

Aug 20, 2018 at 13:30 | Ron Patterson

Mexico oil production is in decline though, at the moment, not as steep as it was expected to be (at least by me – IEA predictions are closer). Data is…

Iran’s Warning To OPEC: No One Can Overtake Our Oil Quota

Aug 20, 2018 at 10:29 | Irina Slav

“No country can overtake the production and export quotas of other member states under any circumstances,” Iran’s permanent envoy to OPEC, Kazem Gharibabadi, said this weekend, reiterating a message…

Saudi Investment Fund Eyes Tesla Rival

Aug 20, 2018 at 09:03 | Irina Slav

Saudi Arabia’s sovereign wealth fund may buy an electric car maker competing with Tesla in the luxury car segment, Reuters reports, citing unnamed sources. According to them, the talks…

Canada’s Pipeline Crisis Is A Boon For Russia

Aug 17, 2018 at 16:47 | Irina Slav

The controversy of the Trans Mountain pipeline expansion projects has so far focused more on the implications of the project’s delay for Albertan crude oil producers. Yet, the developments around…

Iran Sanctions Could Backfire On U.S. Drillers

Aug 17, 2018 at 16:46 | Gregory Brew

The United States is upping the ante in its effort to sanction Iran, and its efforts may further complicate its ongoing trade war with China and affect the flow of…

Venezuela’s Key Refineries At Risk Of Seizure

Aug 17, 2018 at 16:42 | Robert Rapier

In 2007, following Venezuela’s expropriation of billions of dollars of assets from U.S. companies like ExxonMobil and ConocoPhillips, I suggested a potential remedy. Since Venezuela’s state-owned oil company, PDVSA (Petróleos de…

Egypt Aims For Natural Gas Dominance In The Mediterranean

Aug 17, 2018 at 16:40 | Yale Global

The natural market gas in the Eastern Mediterranean is in full ebullition – with Egypt determined to be the center of this regional marketplace. The country faces challenges, including maintaining…

How To Trade The Turkish Crisis

Aug 17, 2018 at 14:19 | Martin Tillier

Financial markets reacting negatively to a seemingly obscure or remote risk was commonplace not that long ago. Whether it was a slightly disappointing Chinese growth number, fears about the future…

U.S., China Trade War Puts A Lid On Oil

Aug 17, 2018 at 14:19 | Nick Cunningham

The oil market has suddenly gone south in recent weeks, with cracks in the global economy starting to drag down oil. The U.S.-China trade war is one of the drivers…

Bears Are Back In The Oil Market

Aug 17, 2018 at 14:19 | Editorial Dept

Friday August 17, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Global Energy Advisory – 17th August 2018

Aug 17, 2018 at 14:19 | Editorial Dept

The Permian once again reaffirmed its status as the star shale play in the United States after Diamondback announced it had inked a merger deal worth $9.2 billion with…

Demand Pitfalls, High Supply Threaten Long-Term Trend

Aug 17, 2018 at 14:19 | Jim Hyerczyk

Despite rebounding on Thursday and early Friday, October West Texas Intermediate crude oil futures are heading for a third consecutive weekly decline and its sixth weekly lower close out of…

WTI Set For Longest Weekly Losing Streak Since 2015

Aug 17, 2018 at 13:59 | Tsvetana Paraskova

WTI Crude prices were up early on Friday but still headed for a seventh consecutive weekly loss—the longest losing streak since 2015—as fears of escalating trade wars and a…

Cracks In Global Economy Weigh On Oil Markets

Aug 17, 2018 at 13:36 | Tom Kool

Oil posted steep losses mid-week on sudden concerns about global economic stability.  (Click to enlarge) (Click to enlarge)

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