India has ratcheted up renewable energy installations…
Polish President Andrzej Duda has…
Oil held up in Friday afternoon trading, showing some resistance to the continued selling of the last coupe of days.Friday 19th July 2019 Oil prices fell…
The US oil and gas rig count fell by 4 this week, according to Baker Hughes, after a string of losses that have stripped away 36 rigs since the beginning…
Friday July 19, 2019 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
Deals, Mergers & Acquisitions • US shale player Carrizo Oil & Gas is selling over to Callon Petroleum for a total of $3.2 billion, which includes $1.2 billion in stock…
There are cracks beginning to appear in U.S. shale’s relentless growth story, and the indicators are all around us. We will run through some of the most glaring examples in…
The fear factor over possible supply disruptions stemming from escalating tensions in the Middle East put upward pressure on prices this week as word surfaced that Iran had seized an…
A massive explosion has been reported at China’s Yima gas plant in Henan province, damaging buildings in a 3-kilometer radius. The casualties are still unknown as of the time of…
Slowing oil demand growth and a persistent global glut will cap oil prices and keep them from rising too much, barring serious escalations in geopolitical tensions, Fatih Birol, the…
Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIA reported a…
An all-stock acquisition in the Permian basin this week has made headlines for the two companies involved—Callon Petroleum and Carrizo Oil & Gas—but the implied value of the deal…
The downstream refining sector has rebounded a bit, shrugging off the glut of gasoline seen earlier this year. But another product surplus could be looming in the second half of…
Iran said on Thursday that its Islamic Revolution Guards Corps (IRGC) Navy had seized on Sunday a foreign oil tanker at Lark Island in the Strait of Hormuz, claiming…
OPEC is currently restricting production to keep oil prices from tumbling in an oversupplied market fearful of faltering demand growth. But the national oil companies (NOCs) of the cartel’s largest…
Facing vigorously enforced U.S. sanctions directed principally on oil, Iran is focussing on the less targeted strategic areas in its hydrocarbons business, notably continuing to develop its gas sector and…
Crude oil moved lower to begin the week on three key trends. On the geopolitical stage there was a (tiny) thaw in US/Iran relations after Iran’s foreign minister mentioned an…
That Missing Oil Tanker, And Iran’s Game of Leverage We said the cat-and-mouse game over security in global oil shipping lanes would get worse; and it has. On Sunday, a…
The market is obsessed with the geopolitical issues that surely impact the trend, up or down, for crude pricing. Will the U.S./Iran sanctions kerfuffle turn in to something more? Will…
A couple of weeks ago we have run a special report, breaking down Iran’s actions against the background of the Trump Administration ending all waivers and levying a full-on sanctions…
Hurricane Barry shook things up a bit during this year’s slack season, shutting more than half of oil and gas output in the Gulf of Mexico (some 1.1mbpd on a…
Oil prices sank on Tuesday after President Trump and U.S. Secretary of State Mike Pompeo struck a softer tone on Iran. The market acted swiftly, selling off crude oil. The…