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Energy / Energy-General

U.S., Canadian Rig Count Rises After Tumultuous Week

Jul 13, 2018 at 12:25 | Julianne Geiger

Baker Hughes reported an increase to the number of active oil and gas rigs in the United States on Friday. Oil and gas rigs increased by 2 rigs, according…

Record Oil Production Won’t Free The U.S. From Global Markets

Jul 13, 2018 at 12:24 | Nick Cunningham

In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at…

A Long-Term Play In Oil Markets

Jul 13, 2018 at 12:22 | Martin Tillier

For those that follow energy markets it is often easy to lose sight of the timescale off which the major companies in the sector make their decisions. We tend to…

How Higher Oil Prices Are Hurting Demand

Jul 13, 2018 at 12:18 | Editorial Dept

Friday July 13, 2018 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…

Global Energy Advisory - 13th July, 2018

Jul 13, 2018 at 12:06 | Editorial Dept

U.S. LNG producers are racing to add production capacity amid forecasts for strong growth in demand, with the total—concentrated in Louisiana and Texas—set to reach 10 billion cubic feet daily…

Technical Analysis: Was This Just A Correction?

Jul 13, 2018 at 12:06 | Jim Hyerczyk

U.S. West Texas Intermediate crude oil plunged earlier in the week on worries that escalating trade tensions between the United States and China could hurt oil demand, and news that…

U.S. To Hold Major Oil & Gas Lease Sale In August

Jul 13, 2018 at 09:35 | Irina Slav

The U.S. Department of the Interior will hold an oil and gas lease sale for 78 million acres in the Gulf of Mexico on August 15, the department said in…

This Oil Price Crash Was Just A Correction

Jul 12, 2018 at 16:43 | Nick Cunningham

The oil market is “stretched to the limit” despite the fact that OPEC+ agreed to ramp up production following their meeting last month, according to the International Energy Agency. The…

The Permian Banks On These Key Pipelines

Jul 12, 2018 at 16:36 | Tsvetana Paraskova

Booming crude oil and natural gas production in the Permian Basin and not enough pipeline takeaway capacity have widened the discounts at which oil and natural gas pumped in the…

No End In Sight For Venezuela’s Oil Crisis

Jul 12, 2018 at 13:23 | Nick Cunningham

Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the…

Norway Oil Strike Set To Worsen

Jul 12, 2018 at 11:42 | Tsvetana Paraskova

Norway’s ongoing oil workers’ strike is set to shut more rigs on the Norwegian Continental Shelf as the employers’ association has not contacted the trade union for new talks…

China Is Dominating Global EV Markets

Jul 12, 2018 at 11:00 | Jon LeSage

China’s dominant role in electric vehicle manufacturing and sales has yet to be curtailed by the trade war launched by President Donald Trump. The lack of impact can be demonstrated…

Saudi Arabia's Solution To Rising U.S. Gas Prices

Jul 12, 2018 at 09:28 | Irina Slav

The first U.S.-bound shipment of reformulated blendstock gasoline produced at a Saudi refinery operated by Aramco and Total is on its way, Reuters reports, citing the official Twitter account…

The U.S. Energy Industry Can’t Afford A Trade War

Jul 11, 2018 at 14:00 | Tsvetana Paraskova

As the U.S.-China trade spat turns into a full-blown war with tariffs and retaliatory tariffs and threats of further tariffs, U.S. energy exports to China may suffer if Beijing follows…

Barclays: WTI To Average $65 Next Year

Jul 10, 2018 at 16:35 | Tsvetana Paraskova

Barclays raised on Tuesday its oil price forecasts for Brent Crude and WTI Crude for 2018 and 2019, and sees the U.S. benchmark averaging $65 a barrel next year, as…

Libyan Oil Production Is Only Heading Lower

Jul 10, 2018 at 16:32 | Irina Slav

When back in September 2016 the Libyan National Army retook control over the export terminals in the country’s Oil Crescent from the Petroleum Facilities Guard and handed it over to…

Downside Risk Remains In Oil Markets

Jul 10, 2018 at 12:19 | Osama Rizvi

Oil prices have spiked more than 13 percent in the past ten days, with WTI touching $75 at one point, the highest since the 2014 price crash. The…

Bullish Sentiment Soars As Oil Outages Mount

Jul 10, 2018 at 12:14 | Tom Kool

In this week’s newsletter, we will take a quick look at some of the critical figures and data in the energy markets this week. We will then look at some…

Iran Sanctions Are Different This Time

Jul 09, 2018 at 15:55 | Nick Cunningham

The Trump administration is trying to replicate the Obama-era strategy of shutting in Iranian oil exports as a way to pressure the regime into making a series of concessions. But…

Why Natural Gas Hasn’t Dethroned Gasoline

Jul 09, 2018 at 13:34 | Irina Slav

In some parts of the world, such as the Balkans, gasoline cars retrofitted with natural gas tanks are a common sight on roads. In others, such the United States, such…

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