Regular readers will be aware that I am not one for overly complex technical analysis. Sometimes, however, all markets do trade based on technicals. When an obvious and well followed…
IntroductionAs summer approaches, Arctic sea ice will start to melt away. That will open up the region for oil and gas exploration. In American waters, Royal Dutch Shell…
Africa/Middle East Oil & Gas UpdateKurdistanThe Kurdistan Regional Government (KRG) in northern Iraq is upping the ante with Baghdad over the long-running oil question. Now Erbil…
June Crude Oil futures rallied earlier this week, taking out the psychological $60.00 level in the process. The rally was triggered by a price hike by Saudi Arabia, a protest…
Oil prices have surged to their highest levels to date this year, with Brent trading above $65 per barrel, and WTI close to $60 per barrel. The EIA reported…
I've discussed before how one out-of-the-way nation is shaping up as a major petroleum opportunity. And this week we got confirmation that some important global players are moving to capitalize.
The U.S. military is helping Iraqi forces pushback ISIS at a vital oil refinery.The Baiji refinery is located between Kirkuk and Mosul, and it has been the target…
Oil prices have hit their highest levels in 2015, with WTI surging above $60 per barrel. Crude oil inventories in the U.S. declined for the first time since December 2014,…
Russian billionaire Mikhail Fridman has decided to sell his new gas fields in the North Sea in the next six months rather than challenge Britain’s threat to revoke his license…
Moore’s Law famously postulates that the number of transistors on an integrated circuit doubles every two years. That relationship has held true for fifty years and has led to the…
The Wall Street Journal recently ran an article called, Glut of Capital and Labor Challenge Policy Makers: Global oversupply extends beyond commodities, elevating deflation risk. To me, this is…
India could well be the next hotbed for a solar revolution. Plagued by red tape, land acquisition and corruption issues in the past, the new Indian government is all set…
Some very unusual data coming out of Brazil this week. Showing that the nation is bucking global trends when it comes to one commodities market.Iron ore.The…
Across the oil patch, banks are starting to close off their exposure to some of the riskiest oil drillers.A new monthly survey from the Federal Reserve finds…
Yes, well, sort of – and they have for some time now. It’s relatively old news, but a recent Times report and an upcoming book from the Hoover Institute’s…
Germany’s influence in Europe is unquestionable, but it appears that some of its neighbors may be adversely affected by recent German decisions; and Greece is not the neighbor in question…
Each country blessed with oil and gas discoveries initially tries to create a tax regime that maintains the balance between generating tax revenues from the extraction of these hydrocarbons while…
E&P earnings are coming in and the impression we’re left with is that natural gas investment in Marcellus is being reduced, while oil overall appears to be incrementally ramping up…
Low oil prices in recent months have led to boom times for the tanker industry.Oil and refined products (gasoline, diesel, jet fuel) are carried on special tankers called…
India's plans to reduce gold imports keep getting more ambitious. With news last week suggesting that the government is about to unveil a major plan aimed at curbing foreign…