• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 14 hours Solving The Space Problem For America’s Solar Industry
  • 3 hours How Far Have We Really Gotten With Alternative Energy
  • 11 hours Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 7 hours If hydrogen is the answer, you're asking the wrong question
  • 4 days Investment in renewables tanking
  • 9 days "Mexico Plans to Become an Export Hub With US-Drilled Natural Gas" - Bloomberg - (See image)
Sub-Zero Battery Tech Could Be A Game-Changer For Electric Cars

Sub-Zero Battery Tech Could Be A Game-Changer For Electric Cars

Argonne National Lab researchers have…

Let the Market Decide: Exxon's Response To European Energy Policies

"Let the Market Decide": Exxon's Response To European Energy Policies

ExxonMobil's CEO Darren Woods criticizes…

Nuclear Fusion Remains Decades Away Despite Major Breakthroughs

Nuclear Fusion Remains Decades Away Despite Major Breakthroughs

Recent breakthroughs in nuclear fusion…

Editorial Dept

Editorial Dept

More Info

Premium Content

Nigeria Has Failed To Capitalize On High Oil Prices

1. 2022 Hurricane Season Not As Bad for Oil

- As S&P Global Platts notes, the US hurricane season is picking up steam after a slow start, already producing seven named storms and the first hurricane to make landfall, Hurricane Ian.

- Before making landfall, Hurricane Ian shut 11% of oil production in the US Gulf of Mexico (some 190,000 b/d and 184 million cf/d) yet mostly as a measure of precaution.

- Considering the brevity and relatively little impact, this year will be much weaker than 2021 in terms of lost production – in September 2021 alone some 800,000 b/d of output was lost to storms.

- In less than two days after Hurricane Ian passed through respective parts of the US Gulf, Chevron, and BP already started returning personnel to their platforms there, with no damages reported.

2. Indonesia Is Becoming the Nickel Problem

- Seeing its production surge by 41% year-on-year in January-July to a total of 814,000 tons, Indonesia is bringing about an increasingly bearish outlook for the nickel market.

- Nickel prices have slumped from their March high of $55,000 per metric ton to just $23,000/mt right now, as nickel’s traditional market deficit shifted into a slight surplus.

- Indonesia’s government banned exports of unrefined nickel ore in 2020, so now most of the exports going towards China’s stainless steel mills are in the form of nickel pig iron.

- US investment bank Goldman…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News