Article Archive | Page 1256

Jun 21, 2016 at 15:22

Oil has been truly black gold for countries such as Nigeria and Angola—Africa’s top oil exporters. It has sustained their economies, accounting for over 90 percent…

Jun 21, 2016 at 15:13

The global oil price slump has dominated the news for months, as exporting nations and energy companies worry about losses. Low prices are affecting both established…

Jun 21, 2016 at 14:04

This week’s key data from the oil and gas industry shows that fears of a Brexit continue to weigh on oil, as the dollar strengthens due to market uncertainty. We…

Jun 21, 2016 at 13:36

Oil exports from Saudi Arabia tumbled to their lowest point in six months according to the latest Joint Organizations Data Initiative (JODI) published on 20 June…

Jun 21, 2016 at 10:42

Once again, the oil market is being whipsawed around by currency swings under the influence of Brexit sentiment. Amid dollar strength, Nigerian truce hopes, and some…

Jun 21, 2016 at 10:27

As I discussed last month, M&A activity is returning to the oil and gas sector, as a rebound to $50 crude is encouraging the world’s…

Jun 20, 2016 at 18:00

The break-even price for Permian basin tight oil plays is about $61 per barrel (Table 1). That puts Permian plays among the lowest cost significant supply…

Jun 20, 2016 at 16:13

When Deputy Crown Prince Mohammed bin Salman first announced the Kingdom’s post-oil blueprint in April many commentators were skeptical. Saudi Arabia, they said, has been talking about ditching its…

Jun 20, 2016 at 15:07

Refining revenues have for many oil businesses been the difference between life and death over these past two years. Now they are helping some of the biggest oil companies in…

Jun 20, 2016 at 15:00

During the next three months, various analysts expect crude oil inventory drawdowns to increase, providing support to crude oil prices. However, post-September, inventory build-up is likely…

Jun 20, 2016 at 14:53

In recent years, images of China’s rapid industrialization have become all too familiar: from enormous factories, and infrastructure projects, to the ubiquitous smokestacks of the nation’s…

Jun 20, 2016 at 13:35

British voters are set to vote this week on whether to stay within the European Union or to break up and go it alone. Although the…

Jun 20, 2016 at 11:11

In honor of Brian Wilson’s 74th birthday, the oil market is picking up some good vibrations to start the week. As Brexit fears abate and risk-on…

Jun 20, 2016 at 10:52

Back from Asia — a part of the world where a small but potentially important news item emerged in the mining world this week - from…

Jun 20, 2016 at 09:50

Russia’s Transport Ministry is considering the Elon Musk-proposed Hyperloop concept to connect China with the Russian Far East and may propose the idea to Beijing. "The…

Jun 17, 2016 at 18:27

The words “slavery” and “oil”, when used together, are usually reserved for use in the context of palm oil, but the offshore oil and gas industry…

Jun 17, 2016 at 18:17

Norway’s parliament recently passed legislation vowing to make the country carbon-neutral by 2030. The bill passed with bi-partisan support and is a powerful indicator of the…

Jun 17, 2016 at 18:12

A key U.S. Congressman believes that the actions by the Organization of Petroleum Exporting Countries (OPEC) regarding oil production could lead to regime change in Venezuela,…

Jun 17, 2016 at 18:07

Alaska has long been one of the few U.S. states without an income tax. Thanks to its incredible bounty of natural resources, the state had more…

Jun 17, 2016 at 17:47

The Bakken and North Dakota production data is out. Big surprise. The Bakken was down 69,420 barrels per day in April while all North Dakota was down 70,414…