The total number of active…
A report by Global Energy…
U.S. shale has provided that…
Saudi Arabia is trying to lure buyers from European markets by changing the way it prices its oil in order to make it easier for hedging, Reuters reported on…
On a global level, 2015 and 2016 marked the lowest level of new conventional oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered,…
Twice as many deepwater projects expected this year as the last two years combined While U.S. shale has been by far the most important topic when discussing U.S. oil and…
Oil production in the Permian Basin is rising so quickly that drillers may find themselves without enough pipeline capacity to move their product. Shale drillers large and small are rushing…
A tremendous amount of digital, and real, ink has been spilled on the ongoing oil crash, much of it has been focused on U.S. shale production. Yet, the country that…
Attacks on foreigners working on South Sudan’s oil and gas facilities serve as a warning for multinationals to stay away from the new country’s national resources, just as oil…
Just when the focus in oil seemed to be firmly fixed on shale as the cheapest kind of crude, Wood Mackenzie went and ruined it for shale producers with a…
Petronas is pushing ahead with development of a large-scale refinery and petrochemicals plant in the southern state of Johor, with support from Saudi Arabia guaranteed as of last month.…
Non-OPEC Oman will continue to cap its crude oil output at 970,000 bpd this year if OPEC and non-OPEC countries were to extend the production cuts through the end of…
WTI and Brent crude start Q2 in the fifty dollardom, as the market continues to grapple with market rebalancing and OPEC compliance. As the market awaits signs of a tightening…
Crude oil production at the Sharara field in western Libya – the country’s biggest – has resumed, an anonymous source told Reuters, and the force majeure that the National…
It isn’t being detailed in the Western press — but things have changed drastically for energy and mining in one of Southeast Asia’s most important markets. Thailand. The most visible…
OPEC, which has far exceeded the average life of cartels, is on the brink of failure. Though cracks have been developing in the cartel since the start of the current…
Oil prices rallied more than 4 percent over the past week on rising expectations of an extension of the OPEC deal. Kuwait and several other OPEC members voiced support for…
Russia’s President Vladimir Putin said on Thursday that the country not only can—but will—become the world’s biggest LNG producer. Although Putin did not specify a time frame for reaching…
The BP Statistical Review of World Energy has oil production data by country up to the end of 2015. This is what that looks like from 1988:
Russia has revamped its Central Asia policy in recent months with a major outreach to Pakistan and stepping forward as a power broker in Afghanistan, its former stomping grounds. With…
They say that success is easy: All one needs to do is find something that works, and then do it – over and over again. Early last year, I recommended…
Trade ideas usually come from one of two sources. Either they are fundamental or technical. Fundamental ideas reflect a change, or more often an expected change, in the fortunes of…
Friday March 31, 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…