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Energy

Exxon’s Papua New Guinea Gas Project Is Dead In The Water

Jul 16, 2018 at 13:19 | Tim Daiss

As liquefied natural gas (LNG) markets mature, trying to establish itself against decades of crude oil dominance, developments far removed from most of the action are taking unusual turns that…

Oil Slides As Saudis Gear Up To Pump Record Volume

Jul 16, 2018 at 10:39 | Tsvetana Paraskova

Saudi Arabia is offering extra oil on top of its contractual volumes to some buyers in its key market Asia, as OPEC’s largest producer boosts oil production to keep markets…

Wood Mackenzie: Global Peak Oil Demand Expected In 2036

Jul 16, 2018 at 09:16 | Tsvetana Paraskova

Peak oil demand is expected to come around 2036 as electric vehicles and autonomous vehicles are expected to play an increasingly important role in the world’s transportation sector, the Financial…

Chinese Oil Demand Growth Could Slow Down Soon

Jul 13, 2018 at 13:18 | Tsvetana Paraskova

Oil demand growth in the world’s biggest oil importer—China—is at risk of slowing down, at least in the coming months.   Higher oil prices play a role in this, but…

Record Oil Production Doesn’t Free U.S. From Global Market

Jul 13, 2018 at 13:15 | Nick Cunningham

In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at…

Housing Prices Soar As Oil Boom Escalates

Jul 13, 2018 at 13:06 | Safehaven.com

Diogenes the Cynic was once asked by one of his students whether a man should buy or rent. His reply was typical Diogenes, but still unexpected, "Whichever he chooses, he…

Is The Oil Industry Repeating A Critical Error

Jul 13, 2018 at 13:03 | Kurt Cobb

Ten years ago this week—July 11, 2008 to be exact—the price of a barrel of oil on the New York Mercantile Exchange hit an intraday high of $147.27, its highest…

Russia: Oil Producers Will Act If Market Deficit Emerges

Jul 13, 2018 at 13:01 | Tsvetana Paraskova

Should supply disruptions in Venezuela and Libya lead to a deficit on the oil market, OPEC and its Russia-led non-OPEC partners will act to ensure enough supply, Russia’s Energy…

Oil Retraces On Libyan Production Surge

Jul 13, 2018 at 12:36 | Tom Kool

The oil market took a beating this week, with the return of Libyan supply weighing on crude prices. (Click to enlarge)

U.S., Canadian Rig Count Rises After Tumultuous Week

Jul 13, 2018 at 12:25 | Julianne Geiger

Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 2 rigs, according…

Record Oil Production Won’t Free The U.S. From Global Markets

Jul 13, 2018 at 12:24 | Nick Cunningham

In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at…

A Long-Term Play In Oil Markets

Jul 13, 2018 at 12:22 | Martin Tillier

For those that follow energy markets it is often easy to lose sight of the timescale off which the major companies in the sector make their decisions. We tend to…

How Higher Oil Prices Are Hurting Demand

Jul 13, 2018 at 12:18 | Editorial Dept

Friday July 13, 2018 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…

Global Energy Advisory - 13th July, 2018

Jul 13, 2018 at 12:06 | Editorial Dept

U.S. LNG producers are racing to add production capacity amid forecasts for strong growth in demand, with the total—concentrated in Louisiana and Texas—set to reach 10 billion cubic feet daily…

Technical Analysis: Was This Just A Correction?

Jul 13, 2018 at 12:06 | Jim Hyerczyk

U.S. West Texas Intermediate crude oil plunged earlier in the week on worries that escalating trade tensions between the United States and China could hurt oil demand, and news that…

U.S. To Hold Major Oil & Gas Lease Sale In August

Jul 13, 2018 at 09:35 | Irina Slav

The U.S. Department of the Interior will hold an oil and gas lease sale for 78 million acres in the Gulf of Mexico on August 15, the department said in…

Iraq Set To Boost Oil Output After Bai Hassan Restart

Jul 13, 2018 at 08:59 | Kayrros

Satellite surveillance shows that production has fully resumed at the Bai Hassan field in Iraq. The field is part of a complex of oilfields in Northern Iraq that were shut…

This Oil Price Crash Was Just A Correction

Jul 12, 2018 at 16:43 | Nick Cunningham

The oil market is “stretched to the limit” despite the fact that OPEC+ agreed to ramp up production following their meeting last month, according to the International Energy Agency. The…

The Permian Banks On These Key Pipelines

Jul 12, 2018 at 16:36 | Tsvetana Paraskova

Booming crude oil and natural gas production in the Permian Basin and not enough pipeline takeaway capacity have widened the discounts at which oil and natural gas pumped in the…

Libya’s Oil Production Ramps Up After Ports Reopen

Jul 12, 2018 at 14:53 | Tsvetana Paraskova

Libya’s Abu Attifel oil field has restarted operations after a two-week halt due to the closure of oil ports—a closure that ended on Wednesday after Libya’s National Oil Corporation (NOC)…

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