According to the Kremlin, the…
The US has become a…
Iran will likely be allowed to maintain its current oil production levels should OPEC decide next month to extend the output cut deal for another six months, Kuwait’s Oil Minister…
After a lesser draw than expected to crude inventories, oil is selling off on this third Wednesday in April. As strong imports from the Middle East this week should help…
The old saying goes, “Everything’s bigger in Texas”. The latest subject of this axiom is the legendary Permian Basin. The recent headlines have been eye-popping. “The Permian Basin Keeps On…
China is still one of the most important countries contributing to oil market bullishness, despite its slowing economy. Over the past two years, China’s state-owned oil companies – PetroChina, CNOOC…
Rising production in the two biggest U.S. shale basins and Saudi Arabia's newly ambiguous stance on the OPEC deal extension have resulted in oil prices falling early this week.
Despite the fact that it managed to make the bond payment due last week, Venezuela’s PDVSA is in a precarious financial position, and regardless of the close Russia-Venezuela ties,…
U.S. natural gas prices have subsided the last few months. Dropping back to near $3 per mcf, after rising to above $3.50 in December — the highest price seen since…
We have seen before how machines, or more precisely the algorithmically programmed computers, are increasingly responsible for setting prices in the WTI futures pit. The algos feed on news…
Saudi Arabia will start reviewing a number of multi-billion-dollar infrastructure and development project—remnants from a better past when crude oil prices were in three-digit territory. Some of these, according…
Clear signs emerged this week that the OPEC production cuts in place since November 2016 may be extended past their June 2017 deadline. On Tuesday, Saudi Arabia expressed their…
Oil majors will start reporting financial results for the first quarter later this month, prompting the usual flurry of analyst predictions, where some are very confident that Big Oil will…
The 2020s could be a “decade of disorder” for the oil markets as the lack of drilling today leads to a shortfall of supply. Demand will continue to grow, year…
Since 2001, Russian-Chinese relations have been largely grounded in security issues, both military and economic. The former is a shared perception of an increasingly aggressive United States and, in the…
On April 6th, Middle Eastern nations announced an ambitious energy project to establish an Arab Common Market for electricity. The energy ministers from 14 Arab countries signed a memorandum…
Friday April 14, 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…
U.S. West Texas Intermediate crude oil futures posted a strong gain this week, underpinned by a number of factors. The buying was strong enough to drive the market into its…
Oil prices have rallied back into the mid $50’s on a bout of bullish data, but a rising rig count and elevated production in the Gulf of Mexico could cap…
100 years after the Great Russian Bolshevik Revolution, Lenin has once again seized power. Lenín Moreno, a socialist candidate and former UN Envoy on Disability and Accessibility, claimed last week’s…
Ford Motor Co. just announced an ambitious electrification strategy for China. The global Mondeo sedan will see the Mondeo Energy plug-in hybrid launched there early next year, followed by an…
This week’s Baker Hughes rig count has oil rigs up by 11, with a majority of the growth occurring in the Permian Basin in Texas and New Mexico. The…