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Energy / Energy-General

Soaring Demand Drives Oil Market Recovery

Sep 15, 2017 at 12:47 | Tom Kool

It has been a bullish week in oil. Rig counts dropped, WTI broke $50, demand has spiked, and geopolitical risk has kept the market on the edge of its seat. …

U.S. Oil Rig Count Continues To Collapse

Sep 15, 2017 at 12:25 | Julianne Geiger

The number of active oil and gas rigs in the United States fell this week by 8 rigs. The total oil and gas rig count in the United States…

U.S. Gulf Coast Refiners Are Bouncing Back

Sep 15, 2017 at 09:19 | Matt Smith

Nearly twenty days (or over 450 hours) after Hurricane Harvey made landfall between Port Aransas and Port O'Connor in Texas, there are a number of signs emerging in our ClipperData…

Does Russia Really Need The OPEC Deal?

Sep 14, 2017 at 16:21 | Tsvetana Paraskova

OPEC and Russia are coordinating the first joint OPEC/non-OPEC deal to curb oil output since 2001, but the apparent unity in the face of lower-for-longer oil prices doesn’t disguise the…

EIA: Coal Is Dying As Renewables Rise

Sep 14, 2017 at 15:27 | Damir Kaletovic

World energy consumption is forecast to grow 28 percent by 2040, with China and India leading the growth spurt, and demand set to rise for everything but coal. According to…

WTI Breaks $50 As Bullish Sentiment Builds

Sep 14, 2017 at 11:50 | Tsvetana Paraskova

Buoyed by strong global oil demand growth and reduced OPEC supply, U.S. benchmark WTI jumped above the psychologically important US$50 threshold on Thursday, topping that level for the first…

“Super Critical” Coal Shortage Sends India Scrambling For NatGas

Sep 14, 2017 at 09:17 | Dave Forest

Big disappointment in the global natural gas industry this week, with majors Total and Eni coming up largely dry in a much-anticipated well offshore Cyprus. But elsewhere things are turning…

Strongest Demand Growth In 2 Years Boosts Oil Prices

Sep 13, 2017 at 10:49 | Tsvetana Paraskova

Oil prices rose on Wednesday after the International Energy Agency (IEA) said earlier today that oil demand growth continues to be solid and that global oil inventories are shrinking. At…

The $10 Trillion Resource North Korea Can't Tap

Sep 12, 2017 at 17:02 | Tsvetana Paraskova

North Korea may not have proved petroleum reserves, but it’s estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated…

Is Russia Pushing Saudi Arabia Out Of Asia?

Sep 12, 2017 at 16:13 | Irina Slav

Chinese industrial conglomerate CEFC has agreed to buy 14.16 percent in Russia’s Rosneft for approximately US$9 billion. The deal was no surprise as it came on the heels of…

OPEC Unfazed By Falling U.S. Oil Demand

Sep 12, 2017 at 13:34 | Tom Kool

Despite the turbulence in the oil markets due to the previous weeks’ hurricanes, OPEC’s latest report has painted a reassuring picture, indicating that the rebalancing of the oil market may…

Oil Prices Rise As OPEC Oil Production Declines In August

Sep 12, 2017 at 11:57 | Irina Slav

OPEC’s crude oil production declined in August thanks to Saudi Arabia cutting more from its production, a person familiar with the figures told Bloomberg, adding the information came from…

How OPEC Was Hurt By The Hurricanes

Sep 11, 2017 at 17:37 | Nick Cunningham

Hurricane Irma was downgraded to a tropical storm early Monday, although it is still bringing floods and damage to much of Florida as it makes its way north, leaving…

Goldman: Harvey, Irma Cause 900,000 Bpd Drop In Demand

Sep 11, 2017 at 11:58 | Tsvetana Paraskova

In the wake of the hurricanes Harvey and Irma, oil demand is expected to drop by some 900,000 bpd this month, Goldman Sachs said on Monday.   “Irma will…

The U.S. Oil Patch Has A Serious Cybersecurity Problem

Sep 08, 2017 at 17:12 | Zainab Calcuttawala

Cybersecurity firm Symantec reports that dedicated hackers have been able to control operational software at American and European oil and gas companies, according to a new report by CNBC.…

Oil Is Unlikely To Return To $80

Sep 08, 2017 at 16:59 | Gail Tverberg

Economists have given us a model of how prices and quantities of goods are supposed to interact. (Click to enlarge) Figure 1. From Wikipedia:…

Florida Runs Low On Fuel Ahead Of Hurricane Irma

Sep 08, 2017 at 16:35 | Editorial Dept

Friday September 8, 2016 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 8th September, 2017

Sep 08, 2017 at 16:30 | Editorial Dept

OPEC Deal “Has No Impact” on Crude Oil Market Russian Rosneft CEO Igor Sechin on Friday stated that the recent uptick in oil prices had nothing to do with curbing…

Don’t Overestimate Irma’s Impact On Oil Prices

Sep 08, 2017 at 16:24 | Jim Hyerczyk

Crude oil traders have responded in almost textbook fashion to the news that the refineries in the Texas Gulf Coast area are being brought back into service after last week’s…

Expert Commentary: Oil Market Tighter After Hurricane Harvey

Sep 08, 2017 at 16:23 | SCS OTC Corp

- Crude oil flat price, spreads, refining margins and product spreads all mean-reverted this week as PADD III refineries came back on line to the tune of roughly 2m bpd…

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