Researchers at Tohoku University have…
Oil prices continued to rally…
Major North Sea oil-producing countries…
Was the meeting between the OPEC and non-OPEC oil ministers in St Petersburg, Russia on 24 July a game changer or not? There were high hopes for additional production cuts,…
Shell’s Pernis refinery in Rotterdam, the biggest in Europe, has been partially shut down after a short circuit caused a major fire on Sunday. Deutsche Welle quoted a…
Oil prices moved closer to a two-month high on Friday, closing out the week with some of the strongest gains in 2017. Market sentiment has turned “cautiously optimistic,” as Goldman…
Seven months into the OPEC production cut deal, oil prices are not higher than they were at the end of last year, as the stubborn global inventory overhang and rising…
It took the oil supermajors quite a while to come to terms with the new oil price realities. The blow from the 2014 price crash was so severe and apparently…
Americans have been purchasing a lot more pickups, SUVs, and crossovers than small cars, hybrids, and electric vehicles - and this doesn’t appear to be changing anytime soon. The traditional…
In the six months since becoming president of the United States, Donald Trump has markedly shifted the global conversation on the long-term viability of fossil fuels. The recent announcement that…
“You come to us and tell us that the great cities are in favor of the gold standard. I tell you that the great cities rest upon these broad and…
A politically turbulent six-year period has impacted the Egyptian business environment, adding a new layer of political risks to investments made across the national economy. Despite this, the outlook in…
GOM growth second only to Permian Big projects are coming back, according to the U.S. government’s energy data compiler. Gulf of Mexico oil production is projected to have the second-largest…
Moves to privatise utilities assets in Saudi Arabia and expand the reach of its networks through increased investment should create new opportunities for private operators and service providers. Near-term asset…
Yesterday’s quarterly report from Conoco-Philips (COP) is showing a renewed trend among oil companies, mirroring the report of Anadarko Petroleum (APC) a few days earlier. Both are reporting negative earnings…
For any trader, a perfect and clear chart pattern is a wonderful thing to behold. Even those like me who understand that technical and chart analysis has its limitations and…
Friday July 28, 2016 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…
Nigeria, exempt from OPEC’s oil output cut deal, has agreed to stop ramping up its production once it hits 1.8 million barrels per day. A milestone that is nearing, with…
U.S West Texas Intermediate and international-benchmark Brent crude oil futures were trading near an 8-week high as of early Friday after posting four straight sessions of higher closes. Support continued…
- WTI registered its best week of the year on strong fundamental data, OPEC progress and currency tailwinds. The physical market is showing signs of health with sharp inventory draws…
Oil prices have recovered as a result of a flurry of bullish catalysts, and while most oil majors see earnings improve, upstream investments are falling.
The number of active oil rigs in the United States rose this week by 2 rigs showing a growth—albeit a slower one—in oil drilling as US players proceed more…
Back in late May, Saudi Oil Minister Khalid Al-Falih said that 'exports to the U.S. will drop measurably', as the OPEC Kingpin adjusted its focus to reducing exports to…