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Iran: Don’t Count On A New OPEC Deal

Iran: Don’t Count On A New OPEC Deal

Iran’s OPEC ambassador Ardebili said…

OPEC+ Deal To Be Forged In March

OPEC+ Deal To Be Forged In March

OPEC and its Non-OPEC partners…

Energy

Oil Market Forecast & Review 19th July 2013

Oil Market Forecast & Review 19th July 2013

Jul 19, 2013 at 22:47 | Jim Hyerczyk

September Crude Oil futures reached a new high for the year this week, but there was very little follow-through. This is a good sign that conditions are overbought and that…

Ukraine: Unexpected Oil Find, Major Gas Interest

Ukraine: Unexpected Oil Find, Major Gas Interest

Jul 19, 2013 at 22:44 | Editorial Dept

Bottom Line: We see a flurry of activity in Ukraine, with a $735 million Black Sea commitment by Exxon, an unexpected 100 million barrel oil find in the Poltava region…

Russia Prepares To Liberalize LNG Exports

Russia Prepares To Liberalize LNG Exports

Jul 19, 2013 at 22:36 | Editorial Dept

Bottom Line: By January 2014, Russia may liberalize LNG exports currently monopolized by state-run Gazprom, in order to make room for expansion of LNG exports to the Asia-Pacific region.

This Week in Energy: $3 Gas Prices are a Thing of the Past

This Week in Energy: $3 Gas Prices are a Thing of the Past

Jul 19, 2013 at 11:49 | James Stafford

This quarter’s oil and gas M&A activity; rising US oil production and the disconnect at the pump; discovery of new oil field in Kuwait, and a few hints at what’s…

State Department Approves (Non-Keystone) Pipeline to Canada

State Department Approves (Non-Keystone) Pipeline to Canada

Jul 18, 2013 at 17:26 | Robert M Cutler

The U.S. State Department approved on Wednesday a pipeline to Canada. However this was not the controversial Keystone XL pipeline that has been the subject of environmental and…

Waiting on Kenyan Oil, the Market Grows Impatient

Waiting on Kenyan Oil, the Market Grows Impatient

Jul 18, 2013 at 17:24 | Jen Alic

It’s been well over a year now since London-listed Tullow Oil struck it big in Kenya, making the country’s first massive oil discovery that set the stage for Kenya to…

Australia – Next Petro Superstate?

Australia – Next Petro Superstate?

Jul 17, 2013 at 17:04 | John Daly

Australia’s massive mineral exports allowed it to weather the global recession, which began in 2008, quite nicely.The U.S. government’s Energy Information Administration noted in its country’s analysis…

Will Central Asia Replace the Middle East as Prime Oil Source?

Will Central Asia Replace the Middle East as Prime Oil Source?

Jul 16, 2013 at 17:16 | Claude Salhani

One of the prime reasons why the Middle East holds such importance to the West is partiality because it is the main supplier of oil and natural gas to countries…

Exxon Takes $735M Black Sea Plunge

Exxon Takes $735M Black Sea Plunge

Jul 16, 2013 at 17:14 | Jen Alic

Exxon Mobil Corp (XOM) is reportedly preparing to spend a whopping $735 million to drill two deep-water wells offshore Ukraine, in the Black Sea. The deal involves a…

Why are Oil Inventories Down if Production is Increasing and Demand is Falling?

Why are Oil Inventories Down if Production is Increasing and Demand is Falling?

Jul 16, 2013 at 17:06 | Dian L. Chu

The 20 Million Drawdown in a sluggish economyThe last two weeks oil inventories fell by a record 20 million barrels, this event has never happened in 30 years…

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