Despite having some of the…
Oil prices have been climbing…
It’s the time of the year when oil companies start announcing their budgets for next year and besides a steady albeit guarded optimism, one thing stands out: oil majors are…
Autonomous vehicle trial runs are growing in real numbers in California, and so are the crashes coming from the self-driving cars. The California Department of Motor Vehicles has increased…
The global oil market is going through a metamorphosis, and if the signs are right, a possible long-term partnership between OPEC and its former rivals, especially Russia, looks to…
After Chevron last week said it will increase its capex for 2019 for the first time in four years, this week two more oil majors joined the ranks of…
Oil prices bounced on Tuesday after losing ground on Monday as news of unexpected outages in Libya helped buoy sentiment. (Click to enlarge)
Siemens last week announced the launch of the first hybrid power plant for offshore rigs combined with energy storage featuring lithium-ion batteries. The company first unveiled the Blue Vault…
OPEC’s rollercoaster ride in Vienna highlights the growing divide within the oil cartel. Many oil analysts and financial gurus have fallen for the oldest media trick in the world, and…
Making any assumption about the price of oil right now is risky, or some might even say crazy. Still, with WTI having found at least a temporary bottom around $50…
Genscape’s Weekly Gasoline Demand Report data shows relatively flat growth in weekly year-on-year demand for September through November. On the other hand, the U.S. Energy Information Administration (EIA) Weekly Products…
The future of nuclear energy is either gloomy or promising depending on the country or region in question. In the developed world nuclear power is in decline. Especially after the…
Last week we wrote about Oil’s Big Week highlighting the importance of the OPEC+ and Trump/Xi G20 meetings which transpired in the last few days. Unfortunately the week’s events seem…
Geopolitical Notebook Sources - Lawyer in UAE working with high-net-worth Russian clients- UAE ministry official- Economist in Dubai Qatar Exits Cartel to Protect LNG Qatar’s announcement that it…
Roughly two years ago, in the last days of November 2016, Vienna became the epicenter of global oil developments. There, a ground-breaking agreement was concluded, the Vienna Agreements (also known…
OPEC gathered at its 175th meeting on December 6 in Vienna. It had some tough decisions to make, and its oil ministers were undoubtedly keeping an eye on the much…
The uncertainty surrounding OPEC/OPEC+ negotiations in Vienna strengthened the overwhelmingly bearish sentiment in oil markets this week, but a larger than expected cut has sent oil prices soaring. The failure…
In the last possible minute, OPEC+ managed to agree upon a massive cut of 1.2 million bpd, pushing oil prices up by over 3 percent.
While U.S. President Donald Trump continues to call on OPEC to keep oil prices low, because “The World does not want to see, or need, higher oil prices!”, one…
Iraq, OPEC’s second-largest oil producer and one of Iran’s largest trade partners might come to enjoy even longer sanction waivers from Washington than the eight countries that scored a 180-day…
The U.S. government wants to help build a petrochemical hub in Appalachia, one that could rival, or complement, the concentration of petrochemical facilities on the Gulf Coast. The shale gas…
Even more cracks may be forming within OPEC, even as market pundits continue to analyze Qatar’s decision two days ago to withdraw from the oil producing cartel. Michael Cohen,…