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Energy / Energy-General

Angola’s Oil Major Sonangol Faces New Crisis

May 15, 2019 at 11:33 | Editorial Dept

The President of Angola Joao Lourenço has fired Sonangol CEO Carlos Saturnino, as well as the whole board of directors. Now there are several things which seem wrong at first…

Uncertainty Peaks In Agitated Oil Markets

May 15, 2019 at 11:30 | Editorial Dept

Crude oil prices went up again this week as Saudi Arabia found itself at the forefront of sabotage attacks, carried out against oil infrastructure – the Fujairah port in the…

Bearish EIA Report Keeps Oil Prices Down

May 15, 2019 at 09:45 | Irina Slav

The Energy Information Administration reported a crude oil inventory build of 5.4 million barrels for the week to May 10. This follows a 4-million-barrel draw a week earlier.…

The IEA's Dire Warning For Energy Markets

May 14, 2019 at 17:57 | Nick Cunningham

Global energy investment “stabilised” at just over $1.8 trillion in 2018, ending three years of declines. Higher spending on oil, natural gas and coal was offset by declines in fossil…

OPEC Oil Output Sees Small Dip In April Despite Deep Cuts

May 14, 2019 at 17:12 | Irina Slav

Crude oil production in the Organisation of Petroleum Exporting Countries fell by just 45,000 bpd in April, according to the cartel’s latest Monthly Oil Market Report, despite continued deep…

Why Oil Stock Dividends Are Soaring This Year

May 14, 2019 at 16:59 | Tsvetana Paraskova

More than a year ago, U.S. shale producers started to realize that investors were getting impatient about meager returns from the industry that was pumping record volumes of oil without…

Oil Shrugs Off Trade War Threat

May 14, 2019 at 13:12 | Tom Kool

Oil markets saw a volatile start of the week as additional tariff threats from the U.S. and China forced prices lower on Monday, but increasing tension in the Middle East…

Trump’s New Plan To Spark A California Oil Boom

May 14, 2019 at 11:31 | Tsvetana Paraskova

The Trump Administration proposed last week to open more than 700,000 acres of federal land to new oil and gas drilling along California’s Central Coast.   The plan is…

Trade War Escalation Looms Large Over Oil Markets

May 13, 2019 at 16:58 | Nick Cunningham

The U.S.-China trade war has now officially entered a new phase, and neither side is showing any sign of backing down. The Trump administration followed through on hiking tariffs…

Saudi Tanker Attack Reveals Oil Market Weakness

May 13, 2019 at 15:37 | Nick Cunningham

Oil prices jumped on Monday on news that two Saudi oil tankers were supposedly attacked near the Persian Gulf, raising fears that supply may be at risk.…

Tight Oil Markets Could Be About To See A ‘Violent’ Price Spike

May 13, 2019 at 11:10 | Rystad Energy

Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, according to Rystad Energy. Two Saudi Arabian…

Oman’s Newest Approach To Boost Oil Production

May 13, 2019 at 10:16 | Oxford Business Group

Oman has made some major moves to diversify its energy mix, as indicated by the commissioning of new renewable energy (RE) projects. The sultanate has set a precedent by bringing…

Oil Opens Higher After Saudi Arabia Reports Attacks On Oil Tankers

May 13, 2019 at 09:15 | Irina Slav

Saudi Arabia has said two of its oil tankers were attacked by saboteurs near the United Arab Emirates, Reuters reports, adding a statement by the UAE that a total…

Global Fossil Fuel Subsidies Hit $5.2 Trillion

May 10, 2019 at 17:44 | Nick Cunningham

The world spent a staggering $4.7 trillion and $5.2 trillion on fossil fuel subsidies in 2015 and 2017, respectively, according to a new report from the International Monetary Fund.…

Will Russia Abandon The OPEC+ Oil Deal?

May 10, 2019 at 17:44 | Tsvetana Paraskova

A month and a half before OPEC and its allies are set to sit down and discuss how to proceed with their production cut pact, the leader of the non-OPEC…

Could This Emerging Oil State Become The Richest Nation In The World?

May 10, 2019 at 17:44 | Irina Slav

A tiny South American country until recently known mostly as the location of one of the worst mass suicides in modern history is about to acquire a whole new reputation,…

Is This The Most Underrated Upstream Player In The Industry?

May 10, 2019 at 17:36 | David Messler

Beginning in 2016 oil prices bottomed, and began a stop-start recovery that has restored WTI and Brent (two globally recognized bench marks for oil) to about 65-70 percent of their…

Bullish Fundamentals Intact Despite Trade War Worries

May 10, 2019 at 17:26 | Editorial Dept

U.S. West Texas Intermediate and international benchmark Brent crude oil futures are trading slightly lower for the week with most of the downside pressure being fueled by escalating tensions between…

Debunking The Oil Industry Cash Flow Myth

May 10, 2019 at 17:26 | Robert Rapier

One of the refrains I often hear about the oil industry — particularly on those focused-on shale and tight oil — is that it collectively doesn’t make any money. There have been…

Venezuela Is Teetering On The Brink

May 10, 2019 at 17:24 | Editorial Dept

Politics, Geopolitics & Conflict - Venezuela's PDVSA now has a board controlled by Maduro and another ad hoc board controlled by the opposition - and the state-run oil giant has…

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