The World Bank predicts stable…
Morgan Stanley remains pessimistic about…
Oil markets had a neutral reaction to OPECs uneventful meeting, suggesting that, as Stephen Brennock suggested, the "bull market may be running out of steam." Friday, September 22, 2017
The number of active oil and gas rigs in the United States fell this week by 1 rig. The total oil and gas rig count in the United…
Brazil president Michel Temer confirmed this week that state oil firm Petrobras will not be privatized. Ending speculation that the oil giant could be opened to foreign investment.
Hundreds of millions in decommissioning costs, field depletion, high taxes and low oil prices have been the highlights of media coverage of the UK’s North Sea oil industry. Yet the…
Mexican imports of crude, gas and refined products rising quickly: country’s population growth rate is double OECD average The liberalization of Mexico’s energy sector has the potential for big impacts…
As you know, everything is bigger in Texas – ranches, oil fortunes, trucks, you name it. But there’s a certain court case that’s becoming a really big thing… even by…
Damage from hurricanes in the Caribbean, which sends a substantial amount of fuel oil to the U.S. Gulf Coast, could lead to a glut of the fuel, S&P Platts
With Brent oil prices hovering right around $55 per barrel—the highest level in months—the oil market has picked up momentum. There are plenty of pitfalls ahead, but the underlying fundamentals…
OPEC could extend its production cuts through the end of 2018 in an effort to rebalance the market, according to comments from Iraq’s oil minister. A few OPEC members even…
Oil supermajors rank among the biggest polluters in the world—a hardly surprising fact. In recent years, however, Big Oil has reduced its greenhouse gas emissions, in what may come as…
Amid restarting refineries along the Gulf Coast and growing optimism about strengthening demand, the EIA dampened spirits somewhat by reporting a substantial increase in crude oil inventories for the…
Iraq doesn’t see a need for more collaborative oil production cuts currently, but it would support consensus within OPEC if such need arises, Iraqi Oil Minister Jabbar al-Luiebi said on…
As the date of the Kurdish independence referendum approaches, oil industry moguls should be concerned about an oil production war between Iran and headless Iraq. The Kurds are expected to…
The announcement by the U.K. and France that they would prohibit the production of diesel and petrol cars by 2040 made for good headlines, but came as little surprise when…
The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a…
Last week’s announcement of the US$9-billion acquisition by Chinese CEFC of a more than 14-percent stake in Rosneft sent ripples across the oil industry and among commodity traders. The…
Oil markets could experience more intense price volatility in the coming years because of insufficient investment in new production, according to the head of the International Energy Agency’s oil…
Oil prices are at their highest levels in months on the back of strong demand and some key supply outages around the world. But the next price movements are unclear,…
Three years ago, Mexico opened its energy sector to private investments in a landmark energy reform that ended more than seven decades of monopoly of its state firm, Pemex. Now…
Dudley credits standardization, simplification In a talk he gave last week at the Society of Petroleum Engineers Offshore Europe conference in Aberdeen, BP CEO Bob Dudley said his company has…