Call options are currently trading…
Saudi Arabia scales back ambitions…
Baker Hughes reported no change to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs stayed at 1,057, according to…
The Nigerian National Petroleum Corporation will float 40 percent of its stock on the local stock exchange once the President signs the Petroleum Industry Governance Bill, Nigerian media report.…
Despite an expected slowdown in Permian growth rates, the U.S. shale patch is increasing production and will continue to do so this year and next. Oil market investors and analysts…
You wouldn’t believe it, but the Keystone XL project, now a decade old, has hit yet another legal snag, which could delay construction once again. A U.S. federal judge ruled…
On July 27, Mexican president-elect Andrés Manuel López Obrador said his government will earmark more than $9 billion for state-run energy companies next year and start working on a new…
Although China has backpedaled on proposed tariffs on U.S. crude imports, the move is indicative of its need to diversify sources and steps may now be taken to enable China…
While the oil market and analysts are trying to guesstimate how much Iranian oil the U.S. sanctions will stifle later this year, they all agree that the return of the…
Peak oil demand might be near, but the consumption of oil for plastics will keep demand elevated for decades. Indeed, the IEA has said that plastics and other petrochemicals are…
The future is looking grim for foreign resource companies with investments in Indonesia. In the current election cycle, it has become increasingly politically popular to push for repatriation of the…
Just as the U.S. shale patch is starting to look a little crowded, deepwater drilling could see a comeback. Royal Dutch Shell says that offshore drilling is now more competitive…
As the U.S. and Iran continue to trade barbs over the restart of economic sanctions against the Islamic Republic, China is also entering the verbal fray. On Monday, the head…
Crude oil fell slightly on Tuesday despite news from Saudi Arabia and Iran which should have put upward pressure on prices. (Click to enlarge)
With U.S. sanctions set to snap back into place, Iran is bracing itself for another period of economic hardship and uncertainty. Critical to the success of the U.S. sanctions program…
The last quarter has seen increased volatility in oil prices, an increase that I attribute to the growing tensions in international markets as fears of a global trade war intensify.…
It took more than 20 years for littoral states of the Caspian Sea to reach an agreement that would lay the legal foundations for the full utilization of the region’s…
Oil smuggling has been a thorn in the side of the Philippine government for decades, with both overt oil smuggling, the transfer of oil cargoes from one vessel to another…
Last week President Trump spoke to business leaders at a dinner. Daniel Dale, the Washington correspondent for the Toronto Star, posted several tweets about the dinner. In one, he
Chinese refiners and the U.S. oil industry welcomed a decision by Beijing last week to exclude crude oil exports from a list of goods worth US$16 billion, on which China…
A few days after Elon Musk shocked Wall Street and investors by tweeting that he would take Tesla private at $420 a share, speculation is still high on who…
The oil market has experienced a “cooling down” this summer as global supply disruptions have eased at a time when demand has also slowed a bit, according to a new…