India is set to import…
Europe's high natural gas storage…
Hopes of a Gaza ceasefire…
As output in Nigeria and Libya rebound, markets seem unimpressed with OPEC’s announcement of a possible 9-month extension of the production cut agreement. (Click…
OPEC could extend cuts to 2018, but in the long run U.S. shale “won’t make a dent” Both WTI and Brent crude oil prices were up slightly today, but persistently…
Saudi Arabia will reduce its crude oil exports to the Asian market by around 7 million barrels in June, Reuters reported on Tuesday, citing a source with first-hand knowledge…
Morgan Stanley may have to revise its 2018 oil market outlook after last week benchmarks recorded the lowest price levels since last November, before OPEC and non-OPEC producers agreed to…
Andurand Capital reportedly liquidated all of its bullish bets on crude oil in recent days after posting steep losses so far this year. The fund is led by Pierre Andurand,…
The current discussion about the future of oil is how soon will it be before petroleum becomes a sunset industry. If it isn’t already. Flat or falling demand. Carbon taxes.…
Canada’s Crescent Point Energy Corp—the North American oil and gas exploration and production company that has completed the highest number of acquisitions over the past five years—is now prioritizing organic…
Undeterred by earlier failures to jawbone the price of oil higher, a new barrage of headlines hit courtesy of Reuters reiterating more of the same, and adding a new spin.…
Iran plans to lift its crude oil production capacity by 3 million bpd, Iranian oil ministry’s news service, Shana, reported on Monday, quoting a senior official as saying that…
The production cut agreement that OPEC closed last year in a bid to improve oil prices could be extended for more than six months, Saudi Arabia’s Oil Minister Khalid al-Falih…
WTI oil prices plunged to almost $45 per barrel yesterday (Figure 1). That was a downward adjustment to where prices should be based on supply, demand and inventory fundamentals.
Conventional wisdom among those that follow energy markets and oil in particular is that OPEC is not what it once was. For a few decades the cartel of oil producing…
Since U.S. oil production started recovering at the end of 2016, coinciding with a pro-oil administration entering the White House, industry bodies and analysts have been projecting that the U.S.…
The 5 percent selloff in oil prices on May 4 serves as a painful reminder that the oil market is still woefully oversupplied. But why such a deep and…
Perma bears and perma bulls share one thing in common: they both can enjoy their Andy Warhol-inspired 15 minutes on the stage and believe at the end of their careers…
Though energy experts have been predicting the death of the U.S. coal industry for years, West Virginia shows no signs of giving up. Revenue Secretary Dave Hardy announced on Wednesday…
So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing long term demand for oil…
Back in 1994, when the so-called “Contract of the Century” was signed, forming an international partnership to develop the giant Azeri-Chirag-Guneshli (ACG) oil field, lots of experts believed that…
It’s absolutely maddening watching the first quarter results float in from the large cap energy companies. And the one image I continue see in my mind that I can’t shake…
Conventional wisdom among those that follow energy markets and oil in particular is that OPEC is not what it once was. For a few decades the cartel of oil producing…