Diesel fuel production has ramped…
Russia continues its assault on…
We begin with a look at the key figures in the oil market this week, which show that oil prices have held onto gains, reaching the $50 mark for the…
After almost two years of seeing jobs disappear, energy companies saw some good news emerge last month as the job rate remained steady in the month of September. With…
The United States saw a three new oil rigs brought online, bringing the total count to 428, according to Baker Hughes. The number of rigs marks the highest number of…
The market for natural gas continues to grow as the U.S. currently produces and consumes more gas than ever before, according to EIA’s 2015 Natural Gas Annual. Prices for consumers…
One week before the U.S./Russian truce agreement in Syria, the Washington Post headlined an article with, “Whether or not the Syrian cease-fire sticks, Putin Wins.” Is Putin winning? There’s little…
Forecasting oil prices has proven to be a difficult exercise this year, with investment banks, ratings agencies and national and supranational organisations left baffled by how the market price has…
Happy Nonfarm Friday Eve! Prices are pushing on for yet one more day, under the gravitational pull of another informal producer meeting - this time in Istanbul next week for…
Market enthusiasm around the OPEC deal has vacillated significantly over the last week, alternating between optimism and pessimism. A healthy segment of investors view the current agreement with skepticism given…
Gasoline prices in the U.S. Southeast spiked in September after a major gasoline pipeline suffered a leak and was forced to temporarily shut down. The Southeast may see gasoline prices…
A 2012 report by the U.S. Government Accountability Office (GAO) estimated that three trillion barrels of oil lay buried underneath the Green River Formation shared by Colorado, Utah…
There’s 1.5 trillion untapped recoverable barrels of crude in the U.S. – an amount equal to the world’s total proven reserves that can pretty much turn energy independence from…
Oil prices are moving higher once again, boosted by a supportive weekly inventory report (and not OPEC rhetoric....refreshing!). As further distractions await in the coming days via data deluges, hark,…
Low-cost players such as Russia, combined with an upcoming ‘wall of supply’ from large-scale projects commissioned in the past 5-10 years, and additional supplies from Libya and Nigeria will make…
The growth of oil producers is often tracked by a measurement known as the reserve replacement ratio. This compares the proven reserves of oil and gas to actual levels produced.…
Seven years ago, Ghana was about to become the next thriving economy, basking in the wealth generated by its newly discovered oil and gas. But that scenario never became a…
We begin with a quick look at some of the critical figures and data in the energy markets this week, with both oil prices and the rig count rising, as news…
Renewable energy costs continue to decline according to the U.S. Department of Energy (“Revolution Now”, September 2016). Since the DOE is often late to the party, we would not be…
And we welcome the distraction of tomorrow's inventory report with open arms, as well as Nonfarm Friday after that, as it takes some focus away from the ongoing OPEC shenanigans.…
Oil prices jumped six percent last week when news broke that members of the Organization of Petroleum Exporting Countries (OPEC) had agreed on the rough outline of a freeze deal…
The agreement among OPEC members to cut production reached on September 28 caught the energy world by surprise, sending prices shooting up and eliciting estimates of price shocks from…