International oil and gas majors…
De-risking the Welchau play in…
Refinery outages in the United…
When President Trump came into office, he openly resented the major trade deficit with Asia’s number-two economy and vowed to remedy the situation. While his words smacked of economic protectionism…
OPEC’s no.3 producer, Iran, will likely support the Saudi-Russian proposal to extend the oil production cuts into March 2018 if all other producers are also on board, sources familiar with…
Oil prices climbed back up on Monday after Russia and Saudi Arabian oil ministers agreed on an extension of the current output cut deal …
Prices enjoyed a boost last week from encouraging inventory reports. Both the EIA and the API reported large draws on crude inventories, signaling that demand appeared to be catching up…
The non-OPEC producers that have signed up to the production cut deal reached a compliance rate of 66 percent in April, up from 51 percent in March, according to the…
Goldman, which has been pushing for higher oil prices with seemingly daily bullish research reports for the past month, underwrote the last Saudi Arabian bond issue and is expected to…
Oil prices surged on Monday after Russia and Saudi Arabia said they support an extension of the OPEC/non-OPEC production cuts. Oil prices have clawed back a lot of the losses…
Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping…
For an industry suffering from Post-Traumatic Stress Disorder (PTSD) almost 2.5 years after the oil price collapse, May 4 was a very long day. Having traded within one dollar of…
As the world begins to turn away from fossil fuels and depend increasingly on renewable resources, the energy sector is presented with a problem. Renewables are simply not as reliable…
Electricity, the world’s silent workhorse for a century, is about to conquer new worlds. While electric cars are coming on fast, their acceptance will speed up geometrically in the next…
Petronas, Malaysia’s state-owned energy company, and the world’s third-largest LNG exporter is exploring shorter-term contracts and smaller cargo sizes in an attempt to attract more buyers. LNG buyers have been…
Amid planned maintenance at some big state refineries and decreased domestic production, China’s refinery runs in April dropped to their lowest levels since last September, according to data by the…
Floating oil storage globally declined by a third in the first quarter of the year, an unnamed source from OPEC told Reuters. The statement supports OPEC’s claims that the…
What Saudi Arabia’s Oil Minister said in March will not happen, has happened: in a joint statement, Khalid al-Falih and his Russian counterpart Alexander Novak said that OPEC and…
Before we get into this topic, let me remind readers that crude oil prices are determined on the global market and natural gas & natural gas liquids (“NGLs”) trade on…
Global oil markets are still not stabilized. After a week of price shocks, in which analysts have suggested that crude prices could be hitting the $40 per barrel mark soon,…
The diversification of energy sources that feed the American electric grid should be a national security priority to ensure a robust national grid system that can withstand natural disasters and…
Earlier this decade, there was no lack of hype around electric and hybrid cars. Sales were expected to take off, driving demand for lithium, nickel, cobalt and a host of…
Port Arthur, TX is home to the U.S. refining fleet’s crown jewel. With an atmospheric distillation capacity of 603 MBbl/cd, this complex coking refinery is the largest refinery in the…