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Energy / Energy-General

Rosneft Boss Wants Russia Out Of OPEC Deal

Rosneft Boss Wants Russia Out Of OPEC Deal

Feb 11, 2019 at 16:59 | Irina Slav

Rosneft’s chief executive Igor Sechin wants Russia to quit its production control deal with OPEC, Reuters reported last week, citing sources that have seen a letter Sechin wrote to…

Which Oil Giant Generates The Most Cash?

Which Oil Giant Generates The Most Cash?

Feb 11, 2019 at 13:38 | Tsvetana Paraskova

As the oil supermajors surpassed estimates with strong Q4 and 2018 earnings, Shell beat Exxon—for a second year running—to affirm itself as Big Oil’s biggest cash flow generator. Shell, which…

Venezuela’s Oil Production Could Fall Below 700,000 Bpd Next Year

Venezuela’s Oil Production Could Fall Below 700,000 Bpd Next Year

Feb 11, 2019 at 13:31 | Rystad Energy

Venezuela’s oil industry has been in a tailspin in recent years, with the country’s crude oil production falling from 2.4 million barrels per day (bpd) in 2015 to only 1.34…

U.S. Sanctions, OPEC Cuts Create Rare Oil Price Shakeup

U.S. Sanctions, OPEC Cuts Create Rare Oil Price Shakeup

Feb 11, 2019 at 11:56 | Tsvetana Paraskova

Due to tighter supply of medium and heavy sour crude oil, Middle Eastern benchmarks for sour crude grades have been trading higher than Brent Crude prices since the beginning of…

Green New Deal Critics See Red

Green New Deal Critics See Red

Feb 11, 2019 at 10:37 | Leonard Hyman & William Tilles

The Green New Deal, (GND) a catch-all composite of environmental and social welfare programs, led by Member of Congress Alexandra Ocasio-Cortes (D-NY) and Senator Ed Markey (D-MA) calls for “a…

Washington Eyes Crackdown On OPEC

Washington Eyes Crackdown On OPEC

Feb 08, 2019 at 17:20 | Nick Cunningham

Legislation targeting OPEC is suddenly gaining steam in the U.S. Congress, raising alarm bells for the cartel. On Thursday, the House Judiciary Committee passed a bill that would allow the…

Tax Cuts Or Not, Mexico’s Pemex Is Doomed

Tax Cuts Or Not, Mexico’s Pemex Is Doomed

Feb 08, 2019 at 17:19 | Haley Zaremba

Last week a hefty package of $3.5 billion worth of tax cuts were granted to the struggling state oil company Petroleos Mexicanos (Pemex) to be spread over the next six…

The Achilles Heel For EV Makers

The Achilles Heel For EV Makers

Feb 08, 2019 at 17:09 | Vanand Meliksetian

Electric vehicles (EVs) are becoming more and more popular in most industrialized countries. Although conventional cars claim 99 percent of the market, the announcement of substantial investments by…

What Is Keeping Oil Prices Subdued?

What Is Keeping Oil Prices Subdued?

Feb 08, 2019 at 13:36 | Tom Kool

Oil prices failed to break out on Friday, as traders showed themselves cautious, voicing concerns about global economic growth. (Click to enlarge)

Oil Rig Count Rises As Oil Prices Stabilize

Oil Rig Count Rises As Oil Prices Stabilize

Feb 08, 2019 at 12:34 | Julianne Geiger

Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs…

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