• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 41 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 2 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 4 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 8 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 3 hours NordStream2
  • 8 hours OPEC+ Expects Large Oil Glut In Early 2022
  • 5 hours Ukrainian Maidan after 8 years
  • 36 mins President Biden’s Nuclear Option Against OPEC+ - Waste of Time
  • 7 hours Forecasts for Natural Gas
  • 3 days "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 1 day Big Bounce: Russian gas amid market tightness - new report by Oxford Institute for Energy Studies
Could The World Run On Nitrogen?

Could The World Run On Nitrogen?

Scientists and researchers are scrambling…

Editorial Dept

Editorial Dept

More Info

Premium Content

Three Key Events In The Global Oil Patch

Three Events to Watch in the Global Oil Patch

First, while the markets are again overly obsessed with OPEC news (particularly in the aftermath of an oil price war), all eyes will be on OPEC production, which in April rose to 30.412 million bpd, though signs point to major cuts in May. Still, the tension between Saudi Arabia and Russia is manifesting in the public arena, with calls this week between the two indicating that while the Saudis may push for the deeper cuts to be extended through the end of the year, Russia may be leery of doing so--dragging its feet in signing up for more pain just to open the door for U.S. shale to catch enough of a breath to roar back into the market. Rumors surfaced this week that Rosneft is feeling the pain of the production cuts, and has questioned its ability to maintain contractual oil supplies as a result. But if oil inventories are indeed bloated as industries suggest, this is a hard sell to a market that has just survived negative pricing as global storage threatens to reach maximum capacity.

Second, Moscow has shown its hand in Libya. Last week we noted that General Haftar’s external allies in the fight for Libya will either have to show their hand or let the Turks control this game with the GNA, while the UAE (a Haftar ally) would be happy to partition the country and have a foothold in a Haftar-run Eastern Libya. Russia has now stepped up to the plate to counter Turkey/GNA, deploying some 14 warplanes--flown by Russian…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News