follow us like us subscribe contact us

Premium Article Archive

  • Don’t Panic…Buy BP Instead

    As I sit writing this piece, on Thursday afternoon in the US, I am looking at a screen filled with red and am reminding myself of the sage advice from the cover of “The Hitchhikers Guide to The Galaxy”…”DON’T PANIC”. I couldn’t find the “large, friendly letter” font that this should, according to the Hitchhiker’s Guide author Douglas Adams, be written in, but they are wise words nonetheless.In fact, if you are to be successful as either a trader or investor, you should do as the denizens of dealing rooms do, and see any volatility as opportunity rather than a…

  • Japan’s Uncertain Energy Future

    This column is being written later in my day than usual as I was completing a two-part interview with the NHK network, the PBS of Japan.  In two marathon sessions, their producers grilled me on every angle of energy for two one-hour documentaries they’re preparing for the end of May. The show is the Japanese version of “60 Minutes” and the most watched show in Japan.  The experience was fascinating but also focusing, because being questioned by the Japanese reminded me, if I ever forget, of the global nature of the energy question and the particular challenges that Japan faces.This…

  • U.S. Will Export Oil – Who Wins and Who Loses?

    The surge in U.S. oil production in 2010 has left a glut of oil trapped within the United States. To be sure, the U.S. is by far the largest consumer of oil in the world, so it’s not like all that extra oil sloshing around can’t find a home. But, due to a mismatch between the light, sweet crude coming out of places like the Bakken and the Eagle Ford, and the preponderance of refineries on the Gulf Coast equipped to handle heavier, sourer types of oil, there are local surpluses in supply. As a result, prices are somewhat depressed…

  • Global Energy Advisory - 11th April 2014

    Libya: Ports Unblocked, for NowPorts under control of rebel forces have been reopened temporarily, unlocking export capacity of around 600,000 barrels per day. Rebels agreed to the deal after the government met some of their demands, which included relocating the headquarters of its Oil Protection Force to Brega. So far, as of 7 April, two ports have been reopened: Zueitina and Hariga, while two other ports could be reopened in the coming weeks. With the reopening of two ports now we should see the unlocking of around 200,000 barrels of per day in export capacity. The agreement also tentatively includes…

  • The 3 Most Important Numbers in Energy – 11th April 2014

    The Insider’s weekly run-down of critical figures and happenings from around the energy world.42%. Monthly increase in India’s coal imports, according to industry analysts Interocean. The big jump includes a 36% rise in thermal coal imports, as compared to February. Along with a 63% increase in metallurgical coal shipments. The numbers confirm the trend of significantly rising coal imports into India. An important observation, as coal prices globally have been moderating. This strong demand however, could put a floor under the market—and perhaps set the stage for a notable recovery. 6.5 million tonnes. Amount that Indonesian state utility PT Perusahaan…

  • The 3 Most Important Numbers in Energy

    The Insider’s weekly run-down of critical figures and happenings from around the energy world.$200 million. Amount major energy private equity player Riverstone Holdings is investing into unconventional plays in western Canada, through an equity stake in privately-held Canadian International Oil Corp. Canadian International is focused on the emerging Montney and Duvernay plays of the Canadian Deep Basin. An area that has recently seen a surge of development for both oil and liquids-rich gas.   The firm was founded in 2010 and holds an extensive land package totaling nearly 400,000 acres.20. Number of new offshore exploration licenses awarded by former pariah nation…

  • Global Energy Advisory

    Croatia: Exploration Tender Goes LiveCroatia has published its international tender for oil and gas exploration blocks in the Adriatic Sea, hoping to launch production in five years. The tender was launched on 2 April, and will be open for seven months, with concessions expected to be awarded in early 2015 at the latest. Croatia hopes to attract around $2.5 billion in exploration investment, and so far Exxon Mobil, Shell and Italy’s Eni (Agip unit) have expressed interest. Up for tender are 29 offshore blocks ranging between 1,000 and 1,600 square kilometers. Exploration concessions will likely be given for five years…

  • The Potential of Spanish Shale Gas

    The invasion and annexation of Crimea has EU policymakers scrambling to improve energy security. The European Commission hopes to publish a roadmap by June 2014 that will spell out how exactly Europe can rid itself of Russian gas. Meanwhile, member states are not going to wait. That means not only trying to find other suppliers around the world (U.S. LNG), but also developing Europe’s domestic energy resources. Poland has been the strongest proponent of exploiting European shale gas as an alternative to imported Russian gas. British Prime Minister David Cameron has strongly favored the same approach in the U.K.Spain is…

  • Goodrich Petroleum (GDP): There is Still Value in Shale

    Sometimes, when we look at a market that is booming and that has risen significantly in a fairly short time it is easy to feel that we have missed the boat. A look at the performance of the Market Vectors Unconventional Oil and Gas ETF (FRAK), which specializes in companies involved in shale exploration and extraction, would definitely make you feel that way about that particular market. After gaining over 40% in the first 11 months of last year, FRAK has stalled and is only now moving back towards November highs. If enthusiasm is rooted in fundamentals, however, rather than just…

  • The Correct Price for Crude Oil

    With the flattish nature of its action over the past several months, oil seems to have reached a tipping point on price.  It’s almost as if the charts are saying that oil either must break up or break down, if long-term trendlines are going to be respected.Barrons took the opportunity to plump for a downside break last weekend, a prediction I have vigorously argued against in both print media and on-air.  But one follower of mine made a very astute observation, pointing out to me that futures markets for crude oil ten years out are ‘predicting’ oil prices almost $20…