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Energy

Why Oil Markets Can’t Escape OPEC, Russian Influence

Sep 19, 2018 at 16:16 | Tsvetana Paraskova

OPEC members and their Russia-led non-OPEC allies have yet to decide how to share the 1 million bpd production boost they pledged in June. when they saw the market started…

Just How Low Can Iran’s Oil Exports Go?

Sep 19, 2018 at 15:57 | Tsvetana Paraskova

Iran’s oil exports started to fall noticeably in August as key customers in Asia began to curtail oil purchases to either comply with the U.S. efforts to bring Iranian exports…

Mexico Aims To Become The Energy Hub Of Latin America

Sep 19, 2018 at 13:56 | Haley Zaremba

Mexico could be at the precipice of a region-wide energy revolution, and natural gas is the key. The future of Mexico’s gas sector will be up for debate at the…

Nuclear Power Could Be Key In Reaching Climate Goals

Sep 19, 2018 at 13:26 | Irina Slav

Nuclear power could contribute to achieving the Paris Agreement targets on climate change, but it would need help of its own to do that, a new report from the…

Ex GM Boss: Tesla ‘Headed For The Graveyard’

Sep 19, 2018 at 12:34 | Tsvetana Paraskova

Tesla is an “automobile company that is headed for the graveyard,” as it doesn’t have any advantage over the scores of electric vehicles coming from the legacy automakers and can’t…

Is This A Turning Point For Electricity Sales?

Sep 19, 2018 at 12:23 | Leonard Hyman & William Tilles

Sales of electricity in the US have barely increased despite nine straight years of economic growth. It almost looks as if the conservation ethos for American consumers has finally taken…

Germany Blinks First In Ongoing European Gas War

Sep 19, 2018 at 11:48 | Tim Daiss

The U.S. is increasingly finding itself at odds against not only Beijing as Trump executes a sledge hammer approach to ongoing trade disputes with China, but also with Moscow, a…

Oil Companies Slash Debt To Pre-Crash Levels

Sep 19, 2018 at 10:16 | Tsvetana Paraskova

Global energy companies reduced their debt for seven quarters running in the second quarter of 2018, cutting their long-term debt-to-equity ratio to the lowest since the third quarter of 2014,…

Oil Prices Inch Higher On Crude, Gasoline Draw

Sep 19, 2018 at 09:44 | Irina Slav

After API’s latest surprise inventory build pressured oil prices, the Energy Information Administration cheered the market up by refuting the build and reporting instead yet another weekly draw, of…

The Biggest Risk In Today’s Oil Markets

Sep 18, 2018 at 14:56 | Nick Cunningham

The oil market is “tightening up,” but the Trump administration could still spoil oil prices if its aggressive trade war against China drags down economic growth. The U.S. stepped…

Russia Tells Washington To Leave Iran Alone

Sep 18, 2018 at 13:48 | Irina Slav

“This is unproductive, this is wrong,” Russia’s Energy Minister Alexander Novak recently said about the U.S. sanctions on Iran, indicating that Moscow will continue to back its ally in the…

Iran Sanctions Are Damaging The Dollar

Sep 18, 2018 at 13:06 | Nick Cunningham

Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread…

Is Russia Smuggling Fuel To North Korea?

Sep 18, 2018 at 12:56 | Haley Zaremba

This week United States Ambassador to the United Nations Nikki Haley publicly accused Russia of “cheating” and "actively working to undermine" sanctions imposed by the U.N. on North Korea.…

Russia Inks Huge Deal With World’s Top LNG Importer

Sep 18, 2018 at 12:46 | Tim Daiss

Russian state-run gas giant Gazprom and Tokyo-based conglomerate Mitsui & Co. inked a memorandum of understanding (MOU) on liquefied natural gas (LNG) development last week. The MOU was signed…

Oil Markets Unfazed By $200 Billion Trade War Escalation

Sep 18, 2018 at 12:35 | Tom Kool

Oil prices are up slighting despite the ongoing tit-for-tat tariff war between the United States and China.  (Click to enlarge)

Saudi Oil Inventories Continue To Plummet

Sep 18, 2018 at 11:39 | Tsvetana Paraskova

In July, Saudi Arabia saw its highest crude oil stocks draw in eight months at 5.51 million barrels, after the Kingdom unexpectedly reduced its production compared to June while it…

U.S. Shale Oil Production Beats Estimates Again

Sep 18, 2018 at 10:55 | Irina Slav

Crude oil production in the U.S. shale patch will hit 7.59 million bpd next month, the Energy Information Administration said in its latest Drilling Productivity Report. This is 79,000…

Oil Prices Jump On Saudi Arabia’s $80 Claim

Sep 18, 2018 at 08:57 | Tsvetana Paraskova

Oil prices were up early on Tuesday morning amid reports that Saudi Arabia would be comfortable letting oil prices rise above $80 a barrel and OPEC may not be rushing…

Why WTI Could Crash In The Coming Weeks

Sep 17, 2018 at 14:41 | Irina Slav

West Texas Intermediate could drop to US$65 a barrel later this year on the back of extra maintenance work at U.S. refineries, Tom Kloza from the Oil Price Information Service…

Is The Shale Slowdown Overblown?

Sep 17, 2018 at 14:41 | Nick Cunningham

The shale industry has hit a bit of a rough patch, with pipeline bottlenecks, cost inflation and a crowded field contributing to a drilling and production slowdown. But many in…

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