European steel mills face challenges…
The world's largest oil producer…
Energy companies have been slashing exploration and production budgets since the Covid-19 pandemic took hold and sent oil prices tumbling, but, with few profitable investment alternatives, operators are…
Oil prices are continuously rising despite the uncertainty surrounding COVID-19, with WTI nearing a two-month high on Friday morningFor further research, analysis and trade recommendations, make sure you…
July West Texas Intermediate crude oil futures are under pressure on Friday, but still in a position to finish higher for the week. This week’s rally has been fueled by…
1. Rig count hits record low - The U.S. rig count has
Baker Hughes reported on Friday that the number of oil and gas rigs in the US fell again this week by 21, falling to 318, with the total oil and…
COVID-19 Market Update Brent crude gained over 1% Thursday, which--dull as it sounds--was its highest level since March. The bump came as US inventories lessen and OPEC cuts production, while…
After a period of quite literally unprecedented volatility in oil markets, things seem to have calmed down a bit over the last month or so. July WTI futures (CLN20) have…
While a cold war with China is working its way towards the inevitable, another situation is developing that could lead to physical clashes between Iran and the United…
China will expand its oil storage capacity, the government said today, adding that /it will also pursue unconventional gas exploration to improve energy supply security, Reuters reports, citing a…
OPEC will regain its position as a dominant force on international oil markets after the world emerges from the current crisis, Goldman Sachs analysts have forecast in a report titled…
Sir Winston Churchill once admonished leaders to never let a good crisis go to waste. Wall Street banks and other large banks have been paying attention: They were shrewd enough…
The COVID-19 pandemic has dramatically changed the short-term outlook for global vehicle manufacturing industry and sales, including sales of electric vehicles (EVs). But policy actions to support decarbonization and lower-emission…
Headlines have been pronouncing the impending death of the shale industry since long before the spread of the novel coronavirus. “Even when oil was priced at $30 a…
Crude oil demand in India will take longer to recover than many hope for as the country braces for the worst recession in its history after a two-month lockdown. Bloomberg
Even before the latest slew of announcements regarding the agreement by Saudi Arabia’s flagship oil and gas company, Aramco, to acquire a 70 percent stake in the Kingdom’s key petrochemicals…
First, it was an oil price war that pummeled benchmarks into the ground. Then it was the coronavirus outbreak that swelled to a pandemic. Now, a third plague…
The last few days have seen money rushing back into oil, with all crude benchmarks climbing furiously, including Brent showing a 14 percent week over week increase, rebounding from a…
Drilling in the Arctic has been back in the headlines this week with some fresh controversy. The Trump administration has long seen the development of oil and gas…
It may well be the case that the U.S. shale sector has cut over US$50 billion from its planned spending this year, the number of operating rigs has fallen by…
U.S. shale production is set to fall to a two-year low in the coming weeks, with the Permian basin leading the way down. In the latest Drilling Productivity Report,…