China is raising from Wednesday…
Saudi Arabia’s oil giant, in…
OPEC extended oil production cuts last week and oil prices plunged. OPEC’s goal was to keep a floor under current prices but the market expected the cartel to move prices…
The oil price crash battered the 2016 earnings of energy firms, but the usual suspects are still there in the rankings of the biggest oil and gas companies this year.…
Goldman Sachs bought last week around US$2.8 billion bonds issued by Venezuela’s embattled state oil firm PDVSA, betting that a change in the Venezuelan regime could more than double the…
Those new to financial markets, and energy trading in particular, were probably somewhat puzzled by the price action in oil futures this week following the announcement by OPEC and some…
Foreign oil companies will soon be able to invest in China’s upstream sector through joint ventures with the country’s three major fossil fuel companies, according to a new manifesto by…
Oil bulls were unhappy with yesterday's OPEC announcement, which disappointed by adding nothing to the 9 month supply cut extension announcement which had already been leaked and largely priced in…
It was about time big data entered the lives of Big Oil. Yet it’s not happening exactly as expected. Oil companies are not making a mad dash to collect and…
(Click to enlarge)The Chart above compares several different combinations of past (vintage) data to estimate output. The dotted line is based on the…
Uzbekistan revealed in late April that it had begun building a new $2.2 billion oil refinery that would produce fuel for sale domestically and abroad. Official news sources stated perfunctorily…
OPEC extended production cuts that were originally agreed in December 2016 for another 9 months, delivering both OPEC members and Russian discipline that will last well into the Spring…
July Natural Gas Weekly Recap Natural gas prices continued this week’s price slide on Thursday after U.S. government data showed that natural gas supplies in storage rose more than expected…
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…