Iran is facing diplomatic challenges…
Iran is playing down the…
Less than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds…
The U.S. export boom continues apace. And not only from crude exports, which clambered above 2 million barrels per day in recent weeks, but from the product piece of the…
If the world gets serious about cutting greenhouse gas emissions, the global refining industry will be forced to contract. That may seem like an obvious conclusion, but a new…
Digital disruption may be one of the most overused buzzwords these days, but the world is going increasingly digital and disruption is everywhere—we have drones delivering pizzas and home gadgets…
Since September’s independence referendum and October’s dramatic Kirkuk re-capture by Iraqi troops, the drama over Kurdish oil continues, with new developments occurring early this week. On Sunday, the…
Google’s self-driving car project, Waymo, has become the first to launch completely autonomous cars, free of humans behind the wheel, on the road. Waymo’s CEO, John Krafcik said yesterday…
All the oil headlines this week are rightly focused on prices spiking to the highest levels in more than two and a half years. But Brent moved up to nearly…
Oil prices hit two-year highs on Monday following bullish news coming from OPEC and the Middle East, further stressing the tremendous impact of geopolitical risk on oil markets.
Modern life has a woven-in thread of vulnerability that is peculiar to our times: electricity. It’s the cardiovascular and nervous system of life across the world, more so in the…
Rosneft chief executive Igor Sechin announced that his company signed a roadmap to invest the mind-numbingly large sum of $30 billion in the Iranian energy sector following his and…
Oil prices hit two-year-highs on Monday amid signs of continuously tightening markets and strong signals from Saudi Arabia and Russia that they are willing to extend their production cut deal…
A consortium involving Shell, BP, and Statoil is working on the development of a blockchain-based energy commodity trading platform, along with three large commodity traders—Gunvor, Koch Supply & Trading, and…
A string of arrests of senior government officials in Saudi Arabia has also struck Aramco board member Ibrahim al-Assaf, a former Finance Minister in the Kingdom. The situation apparently…
The fortunes of oil and gas producers have been dramatically different from metal producers this year. Energy prices have been lackluster, and energy stocks have fared even worse. Meanwhile, prices…
(Click to enlarge) (Click to enlarge)The EIA released the latest edition of their Electric Power Monthly…
Friday November 3, 2017 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…
Venezuela narrowly escaped a debt default this week after making a last-minute payment on a $1.2-billion bond that was due last Thursday. The payment, to the tune of $842 million,…
January West Texas Intermediate crude oil futures are in a position to post another strong close on the weekly chart. Speculation that the OPEC-led program to cut production, trim the…
Positive sentiment continues to drive oil markets as the OPEC meeting nears and U.S. oil rigs continue to decline. Oil prices have maintained their gains and are showing signs of heading even…
Total’s chief executive Patrick Pouyanne has warned that Saudi Arabia’s social and economic reforms might be a bit too ambitious, and might not go as smoothly, not to mention as…