China is on track to…
OPEC and the broader OPEC+…
Morgan Stanley remains pessimistic about…
The oil market has changed so much over the past five years that fast-growing non-OPEC oil production limits oil price gains from a spike in tensions in the Middle East,…
Solar modules prices in the United States have reversed in recent months the trend of steady declines of the past few years, as many U.S. solar companies are hoarding panels…
There’s a lot of talk at the moment about the rise of the robot and the fourth subsea revolution. The industry has always been a major driver…
In what appears to be a gesture of contempt for Washington, Chinese companies have continued to import Iranian crude, but instead of reporting the crude imports, which would violate US…
A supply overhang in natural gas will persist into the next decade, the Royal Bank of Canada has projected, adding that China will be the single biggest driver of demand…
Wall Street banks have started preparing their positions on oil ahead of the annual Mexico oil hedge, in which Mexico places bets of as much as US$1 billion to protect…
The International Energy Agency (IEA) said that it would cut its oil demand forecast due to a slowing global economy. “China is experiencing its slowest economic growth in the last…
With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs…
Emerging from one of the worst downturns in decades, one of the world’s oldest producing oil basins, the UK North Sea, is now taking a leaf out of U.S. shale’s…
As Poland’s biggest refiner publicly criticized the deteriorating quality of Russian oil, a suspect in the investigation into pipeline contamination that has severely disrupted Russian supplies is seeking asylum in…
Despite the rapid growth of renewable energy over the past decade, fossil fuels still dominate global energy consumption. According to BP’s recently-released Statistical Review of World Energy 2019, fossil fuels represented 84.7…
China recorded a year-on-year decline in its gasoline production in June 2019, the first time so far this year, which has also been rarely seen over past years. The country produced…
Oil held up in Friday afternoon trading, showing some resistance to the continued selling of the last coupe of days.Friday 19th July 2019 Oil prices fell…
The US oil and gas rig count fell by 4 this week, according to Baker Hughes, after a string of losses that have stripped away 36 rigs since the beginning…
U.S. West Texas Intermediate crude oil futures are inching higher on Friday, but a steep sell-off earlier in the week has solidified a weekly lower close. In case you haven’t…
Friday July 19, 2019 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…
Deals, Mergers & Acquisitions • US shale player Carrizo Oil & Gas is selling over to Callon Petroleum for a total of $3.2 billion, which includes $1.2 billion in stock…
There are cracks beginning to appear in U.S. shale’s relentless growth story, and the indicators are all around us. We will run through some of the most glaring examples in…
The fear factor over possible supply disruptions stemming from escalating tensions in the Middle East put upward pressure on prices this week as word surfaced that Iran had seized an…
A massive explosion has been reported at China’s Yima gas plant in Henan province, damaging buildings in a 3-kilometer radius. The casualties are still unknown as of the time of…