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Why The OPEC+ Deal Won’t Cut It

Why The OPEC+ Deal Won’t Cut It

OPEC and its partners managed…

OPEC Surprises Markets With Last Minute Deal

OPEC Surprises Markets With Last Minute Deal

Oil markets appeared to have…

Chinese-Venezuelan Joint Venture Doubles Oil Production

Chinese-Venezuelan Joint Venture Doubles Oil Production

A joint venture between troubled…

Energy

What’s Behind The New OPEC Skepticism?

What’s Behind The New OPEC Skepticism?

Dec 14, 2018 at 13:31 | Editorial Dept

OPEC+ took action to cut supplies from the market last week and threw themselves and U.S. frackers a substantial short-term lifeline. In terms of price action, the 1.2m bpd cut…

Global Intelligence Report - 14th December 2018

Global Intelligence Report - 14th December 2018

Dec 14, 2018 at 13:23 | Editorial Dept

Sources - Kazakhstan energy industry executives- Western hedge fund manager- A source in the Kazakh political elite inner circle- A prominent UAE banker- Libyan investigative journalist…

Russia Wary Of Long-Term Output Declines

Russia Wary Of Long-Term Output Declines

Dec 14, 2018 at 13:13 | Editorial Dept

Russia has never been producing more oil than it does now – up to the OPEC/OPEC+ production cut agreed upon in Vienna last week, almost every single month brought along…

The Real Impact Of Diesel Bans

The Real Impact Of Diesel Bans

Dec 14, 2018 at 13:08 | Ross McCracken

‘Diesel bans’ should be in force in no less than seven German cities by the first half of next year. They follow measures introduced in Paris and Oslo in 2017,…

Oil Markets Stuck As Hedge Funds Remain Bearish

Oil Markets Stuck As Hedge Funds Remain Bearish

Dec 14, 2018 at 12:56 | Editorial Dept

The penultimate full trading week of 2018 brought no clear indication of where oil markets would go in the upcoming weeks. On one hand, the OPEC/OPEC+ deal placated fears that…

Has OPEC+ Stabilized Oil Markets?

Has OPEC+ Stabilized Oil Markets?

Dec 14, 2018 at 12:31 | Tom Kool

Oil prices plummeted further on Friday, despite a semi-bullish rig count report and the combined efforts of OPEC and its partners.   (Click to enlarge)

Slipping Rig Count Can’t Keep Oil Prices From Falling

Slipping Rig Count Can’t Keep Oil Prices From Falling

Dec 14, 2018 at 12:19 | Julianne Geiger

Baker Hughes reported a 4-rig decrease for oil and gas in the United States this week—a loss in rigs for the third week in a row. The four-rig decline was…

Libya’s NOC Won’t Pay ‘Ransom’ For Biggest Oil Field

Libya’s NOC Won’t Pay ‘Ransom’ For Biggest Oil Field

Dec 14, 2018 at 10:49 | Irina Slav

Libya’s National Oil Corporation said it would not pay a “ransom” to have the armed militiamen that shut down the field last week lift their blockade, the company’s chairman said…

Chinese-Venezuelan Joint Venture Doubles Oil Production

Chinese-Venezuelan Joint Venture Doubles Oil Production

Dec 14, 2018 at 08:43 | Irina Slav

A joint venture between troubled Venezuelan state oil company PDVSA and China’s CNPC in the South American country has doubled its oil production in the past seven months, Reuters reported…

The U.S. Oil Industry’s Dirty Little Secret

The U.S. Oil Industry’s Dirty Little Secret

Dec 13, 2018 at 16:14 | Nick Cunningham

The oil industry engaged in a secret public relations campaign to undermine U.S. fuel economy standards, according to a new investigation from the New York Times. One of the…

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