The World Bank predicts stable…
Wood Mackenzie has said that…
Goldman Sachs analysts have warned that OPEC’s job is not over with the announcement of an extension to its November agreement. Now the group needs to convince markets…
It seems that hedge funds and money managers had built up too big a bullish position before the OPEC deal, send oil prices down when the 9-month extension was announced.
The number of active oil and gas rigs in the United States rose for the nineteenth straight week, Baker Hughes reported on Friday by 7, signaling that the US…
In a bid to increase federal income, President Trump’s FY2018 budget plan proposes to stop sharing revenue payments from Gulf Coast offshore oil and gas to Texas, Louisiana, Alabama, and…
The United Arab Emirates has spearheaded the Gulf Cooperation Council (GCC) initiative to increase its presence in the Caspian Sea nations—Kazakhstan, Azerbaijan and Turkmenistan - all petrostates still suffering from…
A Bloomberg investigation has uncovered a plan by Venezuela and Syria to circumvent Western sanctions on the Middle Eastern nation and ship its crude oil to Aruba to refine it…
As OPEC's latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel's production cut deal has been extended for another nine months: it…
It’s the thinnest material known to man—1 million times thinner than a human hair. It’s the world’s first 2D material, and it’s ultra light and transparent. It’s 200 times stronger…
President Donald Trump released his official budget proposal this week, a plan that includes the sale of a significant chunk of the U.S. Strategic Petroleum Reserve. The blueprint proposes beginning…
Those who watched The Space Between Us would surely have a fresh memory of the plane that Gary Oldman’s character flew from the ground into space. The plane probably used…
When OPEC sits down on Thursday, keeping the price of Brent above $50 (to avoid a budget catastrophe and social upheaval in Saudi Arabia) and below $60 (to prevent US…
I’ve written a lot recently about the surge in private equity for natural resources. With PE firms in the energy space being particularly dominant — holding an estimated $156…
U.S. companies signed billions of dollars worth of deals with Saudi Arabia’s oil and gas industry during President Donald Trump’s visit to the Kingdom over the weekend, boosting bilateral business…
Markets are reacting favorably as OPEC hints at a 9-month extension of its production cut deal with the May 25 meeting just around the corner.
Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that…
OPEC is committed to restore the balance of the oil market and is not ruling out any option for discussion at the upcoming meeting on Thursday, including considering deeper cuts,…
Saudi Arabia is well known for its super low production costs for oil. In fact, its oil is almost the cheapest to extract. Only Kuwait sports even lower costs, according…
No need to bury the lede in this week’s column: OPEC will extend production guidelines in next week’s meeting in Vienna, and extend them even more than originally planned. The…
Flooding the market has quickly emptied the kingdom’s checkbook In case you missed the past three years, on Thanksgiving Day 2014, OPEC announced it would not cut oil production in…
The Search For El Dorado The first time I landed in Georgetown, Guyana, nearly a decade ago, the impoverished former British colony was grappling with limited economic fortunes. Covered by…