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Oil Moves Down on Crude Inventory Build

Oil Moves Down on Crude Inventory Build

Crude oil prices moved lower…

Brent Could Climb to $95 as Bullish Sentiment Builds

Brent Could Climb to $95 as Bullish Sentiment Builds

In an increasingly bullish oil…

Tensions Between Israel and Iran Soar

Tensions Between Israel and Iran Soar

Tensions between Israel and Iran…

Energy

Scientific Breakthrough? A New Way To Make Electricity From Heat

Sep 26, 2019 at 11:13 | Tsvetana Paraskova

A team of scientists say they have found a new way to generate electricity from capturing heat with the help of magnetic particles that were thought to have been useless…

Traders Scramble To Find ‘Plan B’ As Sanctions Ground Chinese Oil Tankers

Sep 26, 2019 at 10:43 | Tsvetana Paraskova

Oil traders around the world are scrambling to avoid being involved in the latest U.S. sanctions regarding Iranian oil after the United States imposed on Wednesday sanctions on a…

LNG Investments Hit Record In 2019

Sep 26, 2019 at 09:19 | Irina Slav

Investments in liquefied natural gas since the start of the year have hit an all-time high of $50 billion, the International Energy Agency’s head, Fatih Birol, told an industry conference.…

Oil Prices Drop As Bearish Risk Soars

Sep 25, 2019 at 17:24 | Nick Cunningham

Oil prices fell back even more mid-week as Saudi Arabia says it’s ahead of schedule to make the necessary repairs to the Abqaiq facility. The easing of concerns surrounding…

Secret Survey: U.S. Shale In A State Of 'Deep Anxiety'

Sep 25, 2019 at 17:15 | Nick Cunningham

The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity. Oil and gas activity in Texas and parts of New Mexico declined in…

Tech Titans Start Internet Space Race

Sep 25, 2019 at 16:48 | Irina Slav

Last week, when CNN reported SpaceX planned to start beaming Internet from space next year, it drew attention to a fascinating and potentially extremely lucrative topic: space Internet. The…

You’re Footing The Bill For Bankrupt Shale Drillers

Sep 25, 2019 at 14:05 | Nick Cunningham

A wave of oil and gas wells abandoned by bankrupted drillers could cost the U.S. government hundreds of millions of dollars. A new report from the U.S. Government Accountability…

Oil Suffers From Bearish Backlash

Sep 25, 2019 at 13:51 | Editorial Dept

This week’s biggest news – Saudi Aramco managed to restore most of its affected production faster than anticipated and by Wednesday (September 25) is only missing some 0.2-0.3mbpd of output…

Nigerian Oil: The Further From The Mainland, The Safer For The Investor

Sep 25, 2019 at 13:49 | Editorial Dept

Ambivalence is one of the first words that comes to mind when thinking about the state of Nigeria’s oil sector. Endowed with a truly tremendous resource base, it seems that…

The Oil Market’s Achilles Heel

Sep 25, 2019 at 13:47 | Ross McCracken

Oil prices have fallen back from their immediate highs following the attacks on Saudi Arabian oil processing and production facilities earlier in September. Nerves have been calmed by the promise…

A Geopolitical Earthquake In The Middle East

Sep 25, 2019 at 13:45 | Editorial Dept

This is now the ultimate game of leverage between Iran and the United States, with Saudi Arabia’s oil infrastructure being used by Tehran to win concessions from Washington. There has…

Bearish Macro Backdrop Sends Oil Prices Lower

Sep 25, 2019 at 13:44 | Editorial Dept

2018 was largely the year of the bull market that wasn’t. As the Trump administration planned sanctions on Iran’s oil prices rose from $70 in January to $86 in October.…

Colonizing Mars Is No Longer A Dream

Sep 25, 2019 at 13:02 | Irina Slav

The idea of colonizing Mars left the sphere of speculation a long time ago, and it’s taking long strides towards a reality. In fact, scientists are now at the stage…

US Shale Won’t Go Bankrupt

Sep 25, 2019 at 11:24 | Rystad Energy

Despite a wave of financial adversity that has tormented US onshore E&P companies lately, Rystad Energy does not view this as a harbinger of doom for the…

Saudi Aramco Restores Oil Production Capacity To Pre-Attack Levels

Sep 25, 2019 at 10:19 | Tsvetana Paraskova

Saudi Aramco has restored Saudi Arabia’s oil production capacity to 11.3 million bpd—the level before the attacks on oil facilities ten days ago, Reuters reported on Wednesday, citing three…

Oil Prices Slide On Bearish Crude Inventory Data

Sep 25, 2019 at 09:48 | Irina Slav

Crude oil deepened its latest losses after the Energy Information Administration reported a 2.4-million-barrel build in crude oil inventories for the week to September 20. This compares with a…

Aramco Considers Doubling Stake For IPO

Sep 25, 2019 at 09:06 | Irina Slav

Aramco is considering the offer of not 5 but 10 percent of its stock in the much-hyped initial public offering that has been delayed several times already. The Wall Street…

The Largest Trading Busts In The History Of Oil

Sep 24, 2019 at 16:59 | Tsvetana Paraskova

Japanese trading giant Mitsubishi said last week it booked a US$320 million loss after an unnamed rogue trader made unauthorized loss-making oil derivatives trades and allegedly manipulated the risk…

How The World’s No.1 Oil Importer Deals With Higher Prices

Sep 24, 2019 at 16:48 | Simon Watkins

Even if Saudi Arabia’s claim about how swiftly it will recover from the recent attack on its oil infrastructure can be believed – which it cannot – the Houthi/Iran…

‘’Too Much Too Fast’’ Gas Glut Crushes Shale Drillers

Sep 24, 2019 at 16:42 | Nick Cunningham

Appalachian shale drillers are getting squeezed by low prices, and a supply glut may mean that there is little prospect of a pricing rebound anytime soon. Earlier this month, IHS…

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