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China Exports Gasoline Using Blockchain In Unprecedented Move

China Exports Gasoline Using Blockchain In Unprecedented Move

China’s Sinochem Energy Technology Co has…

Oil Prices Surge as Geopolitical Risk Rises

Oil Prices Surge as Geopolitical Risk Rises

Oil prices are surging as…

Energy

This Critical Oil Price Divergence Could Boost US Exports

Aug 22, 2017 at 16:08 | Nick Cunningham

The gap between the two most important oil benchmarks has widened recently, a symptom of the shifting oil supply/demand dynamics between the U.S. and the rest of the world. For…

Shale Drillers Head North As The Permian Fills Up

Aug 22, 2017 at 14:51 | Nick Cunningham

Just as the Permian Basin is showing some wear and tear, there is growing interest in a separate shale play to the Permian’s north. The Anadarko shale region, located mostly…

The Fate Of Vision 2030 Rests On Saudi Aramco IPO

Aug 22, 2017 at 14:36 | Zainab Calcuttawala

It has been two months since Prince Mohammed Bin Salman’s ascendance to the role of heir to the Saudi Arabian throne, and the preliminary effects of his aggressive economic diversification…

Could The Battery Boom Lead To A Lithium Shortage?

Aug 22, 2017 at 14:13 | Gregory Brew

The battery boom shows no signs of slowing down, as demand for lithium-based electric batteries continues to grow worldwide. With forecasts indicating a significant rise in the world’s electric…

Strong Inventory Draws Suggest OPEC Deal Is Working

Aug 22, 2017 at 13:14 | Tom Kool

Oil prices are stagnant, however a strong inventory draw suggests that the OPEC cut may be having an impact on oil markets.  (Click to…

The Caribbean Is Poised To Become The Next Major Oil Region

Aug 22, 2017 at 10:39 | Haley Zaremba

In the future, we may be hearing about the Caribbean a whole lot more when talking about oil and gas. Previously, the area was virtually off the map for the…

Is This The First In A Slew Of Megadeals In Oil?

Aug 22, 2017 at 10:24 | Dave Forest

Oil prices have shown some weakness lately. With WTI slipping below $48 per barrel — after briefly topping $50 at the end of July.  But even at that level, crude…

As Compliance Slips, OPEC Decides To 'Reconsider' Output Deal

Aug 22, 2017 at 09:25 | Tsvetana Paraskova

While the oil market is focused on the U.S. inventory draws and crude oil production, OPEC is not letting investors forget the cartel’s jawboning weapon—the ‘deeper/longer cuts’ narrative. Kuwait’s oil…

The Next Oil Price Spike May Cripple The Industry

Aug 21, 2017 at 15:17 | Andreas de Vries & Salman Ghouri

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be…

The Latest Red Flag For U.S. Shale

Aug 21, 2017 at 15:11 | Nick Cunningham

The U.S. shale industry has had a rough few weeks, with a growing number of reports suggesting that the industry is facing much more financial trouble than many analysts had…

Colombia Looks At Shale As Oil Reserves Plunge

Aug 21, 2017 at 14:06 | Irina Slav

Colombia’s oil production has been falling for the last four years. It’s not just the 2014 price crash that pressured output: The country’s fields are depleting and new discoveries are…

Brazilian Corruption Charges Could Impact Mexico’s Oil Boom

Aug 21, 2017 at 14:02 | Haley Zaremba

Last year, Brazilian construction firm Odebrecht pleaded guilty to bribing officials in 12 countries to secure high-paying contracts. The firm agreed to a payment of at least $3.5 billion, the…

Libya’s Biggest Oil Field Shut Down As Tensions Rise

Aug 21, 2017 at 12:47 | Cyril Widdershoven

The shutdown of Libya’s Sharara oilfield, the country’s largest field, has once again shown that expected production growth of several OPEC countries should not be taken for granted. Even though…

In Breakaway Move From Saudis, Iraq May Change Oil Pricing

Aug 21, 2017 at 11:50 | Tsvetana Paraskova

In a bid to increase oil revenues and possibly setting the stage for its own benchmark crude grade, Iraq has told customers it may change the way it prices Basra…

Oil Holds Steady As OPEC Meets To Talk Slipping Compliance

Aug 21, 2017 at 09:04 | Tsvetana Paraskova

Oil prices were steady early on Monday morning, searching for a catalyst for direction while OPEC is holding a meeting of its Joint OPEC-Non-OPEC Technical Committee (JTC), which monitors the…

Canada’s Oil Industry Doomed If Prices Fall Lower

Aug 18, 2017 at 15:46 | Nick Cunningham

Canada’s oil industry has faced a lot of strain lately. The list of oil majors selling off assets and withdrawing from high-cost oil sands is long. ConocoPhillips, Royal Dutch Shell,…

Forget Oil Prices, Oil Majors Are A Buy

Aug 18, 2017 at 15:40 | Tsvetana Paraskova

Oil stocks have been performing dismally this year, and oil prices have failed to sustain a rally, so why are these stocks still attractive? Low valuations and high dividend yields,…

Trump’s Atlantic Drilling Plan May Be A Lost Cause

Aug 18, 2017 at 15:39 | Nick Cunningham

A key public comment period just ended for revising the offshore exploration program along the U.S. Atlantic Coast, and the path forward might not be as smooth as the Trump…

Indonesia’s Ailing Oil Sector Needs Urgent Overhaul

Aug 18, 2017 at 15:36 | Irina Slav

Indonesia’s oil industry is languishing, it’s fields are depleting and it desperately needs investment, but unlike another up-and-coming oil major—Argentina—it’s not willing to do what is necessary to lure in…

Blockchain Tech Could Disrupt The Oil Industry

Aug 18, 2017 at 15:34 | Michael Kern

As the price of oil remains in the high-$40, low-$50 range, every cog in the oil industry is scrambling to reduce costs and streamline sales. The oil industry has long…

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