De-risking the Welchau play in…
Researchers have developed a new…
Oil prices may soon climb…
Brent crude hit a new high of over US$79 a barrel on data about higher demand in key markets such as China and OPEC’s bullish Monthly Oil Market Report, in…
The world is currently watching the growing tensions in the Middle East, and oil market analysts are guesstimating just how much Iranian oil supply the renewed U.S. sanctions could stifle.…
OPEC said that the global oil supply surplus has nearly been eliminated, although the group is shifting its sights on lack of investment in upstream supply. In OPEC’s May Oil…
In the wake of Putin’s May 7 inauguration, the corridors of power in Moscow have been replete with speculation regarding the composition of the next government. Alexander Novak, the Energy…
One country must be quite pleased with the prospect of new U.S. economic sanctions against Iran’s oil industry, and this country is the largest oil importer in the world, and…
The OPEC charts below were created with data from the OPEC Monthly Oil Market Report. The PDF File can be downloaded from here: OPEC MOMR All OPEC data is through April…
ConocoPhillips has seized the oil product inventory of Venezuela’s state oil company PDVSA following the issuance of two court orders granting it this right as part of efforts to enforce…
OPEC revised up on Monday its forecast for global oil demand growth this year, but noted that sanctions, tariffs, and the U.S. withdrawal from the Iran nuclear deal point to…
The path to higher oil prices seems pretty clear, but it isn’t inevitable. There are plenty of reasons why the oil market is suddenly on edge, and why oil prices…
Geologist Arthur Berman, who has been skeptical about the shale boom, warned on Thursday that the Permian’s best years are gone and that the most productive U.S. shale play…
Like many other energy companies, Abu Dhabi National Energy Company—known as TAQA—suffered from the effects of low oil prices for three years. And now, like the international oil majors, TAQA…
The United Kingdom is very diligent in its efforts to become a greener country. This year, local media were proud to report that electricity produced by wind and solar…
The history of power production through the early part of the 21st century was very much a tale of nonrenewable energy resources. Power was produced primarily by coal, natural gas,…
The U.S. Department of Energy (DOE) wants to develop so called “Coal-Based Power Plants of the Future” according to a recent Request for Information. Well, not exactly. To be precise,…
Vladimir Putin started his fourth term as Russia’s president by promising ambitious new social programs (Kremlin.ru, May 7). He may be able to deliver on these promises because the…
There is only one oil story worth concentrating on this week, and the market’s reaction to it tells us so much about our oil positions that it deserves to be…
The timing of these pieces, coming at the end of the week, is sometimes a frustration, but often a blessing. There are times when I want to give you a…
Friday May 11, 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…
The U.S. withdrawal from the Iran nuclear deal is now a fact and the market has reacted as expected, namely with a knee-jerk reaction that saw Brent and WTI both…
July West Texas Intermediate crude oil is in a position to post its highest close since late 2014 on Friday. The rally is being driven by looming U.S. sanctions against…