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Nigeria To Launch Crude Trading at its Commodity Exchange

Nigeria To Launch Crude Trading at its Commodity Exchange

Africa’s biggest oil producer, Nigeria,…

China Exports Gasoline Using Blockchain In Unprecedented Move

China Exports Gasoline Using Blockchain In Unprecedented Move

China’s Sinochem Energy Technology Co has…

Energy

The Allure Of Shale Is Wearing Off

Feb 25, 2016 at 16:16 | Nick Cunningham

Investment in U.S. shale continues to dwindle, with several large companies raising eyebrows with plans to slow drilling plans much further than expected. Continental Resources, an…

In Spite Of Oil Price Slump, Canadian Oil Output To Increase

Feb 25, 2016 at 16:07 | David Yager

It was yet another depressing headline congruent with the rest of the bad news bombarding the battered Canadian oilpatch for 15 months. On February 22 Postmedia…

Game-Changer Leviathan Gas Field Sees Serious Delays

Feb 25, 2016 at 15:56 | Charles Kennedy

The massive Leviathan gas field, nestled deep inside the Levantine basin off Israel’s Mediterranean coast, is considered a game-changer for both Israel and Europe, but a…

Why Oil Booms And Busts Happen

Feb 25, 2016 at 15:22 | Nawar Alsaadi

What if I told you that there was a period in history where oil demand declined by 5 million barrels per day and non-OPEC supply increased…

Oil Price Volatility And Market Predictions

Feb 25, 2016 at 14:11 | Euan Mearns

Oil market observers will appreciate that the oil price has become more volatile of late with daily movements of several percent common place. A friend…

Is This The Most Bullish News For Oil Since 2014?

Feb 25, 2016 at 12:41 | Leonard Brecken

Whiting Petroleum announced earnings on February 24, with probably the most bullish and shocking news to come to the oil patch since the crash started in…

First U.S. LNG Shipment Departs…for Brazil

Feb 25, 2016 at 09:59 | Charles Kennedy

A new era for U.S. energy has begun. The first shipment of LNG has officially left American shores, a highly anticipated event that has been years…

U.S. Unable To Halt ISIS March Towards Libyan Oil

Feb 24, 2016 at 16:33 | Joao Peixe

The Islamic State (ISIS) is taking on recruits faster than anyone can keep up with, and it’s heading towards Libya’s oil crescent, eyeing billions of barrels…

UK Oil Industry At The “Edge Of A Chasm”

Feb 24, 2016 at 16:17 | Nick Cunningham

Oil production from the North Sea could plummet over the next decade, an outcome that will largely result from the inability of oil companies to invest in upstream exploration today.…

Iranian Oil Minister Calls OPEC Production Freeze ‘A Joke’

Feb 24, 2016 at 16:17 | James Burgess

Iran has already increased oil exports by 500,000 barrels per day since sanctions have been lifted, and now it’s looking at an additional 250,000 bpd when…

How A Premature Interest Rate Hike Could Spell Disaster For Oil

Feb 24, 2016 at 16:07 | Michael McDonald

As investors move into the spring, perhaps the biggest question to consider is when the Fed will next raise interest rates. The simple answer is that…

Glut Worsens as U.S. Oil Storage Levels Rise Again

Feb 24, 2016 at 12:39 | Charles Kennedy

Oil prices soured after Tuesday’s comments from Saudi Arabia’s oil minister Ali al-Naimi, who essentially ruled out the possibility of an OPEC production cut. The oil…

35% Of Public Oil Companies Could Face Bankruptcy

Feb 24, 2016 at 11:57 | Irina Slav

More than one-third of public oil companies globally face bankruptcy, according to a new Deloitte report that paints a fairly gloomy picture of the U.S. shale…

Oil Price Rally Comes Undone As U.S. Crude Inventories Build

Feb 24, 2016 at 09:44 | Matt Smith

One hundred and fifty-nine years after the first shipment of perforated postage stamps was received by the U.S. Government, and the crude complex is posting a…

Electric Car War Sends Lithium Prices Sky High

Feb 23, 2016 at 17:18 | Simon Harlow

With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it’s…

Gulf States Not Willing To Cut Production Despite Asset Depletion

Feb 23, 2016 at 16:02 | Charles Kennedy

The oil exporting countries of the Gulf Cooperation Council (GCC) are likely to report twin deficits due to the downturn in oil prices and a…

Wall Street Won’t Give Up On Its Energy Bets

Feb 23, 2016 at 16:00 | Nick Cunningham

The oil and gas industry is suffering through its worst cycle in a generation, with most companies losing money at today’s prices. Debt is piling up…

Is Oil Pushing Down The Economy, Or The Other Way Around?

Feb 23, 2016 at 15:56 | David Louton

Conventional wisdom has long held that when oil prices drop, consumers experience an increase in discretionary income while corporations experience a boost in profit margins. At…

Rudderless OPEC Doesn’t Know How To Respond To U.S. Shale

Feb 23, 2016 at 14:16 | Evan Kelly

We begin by taking a quick look at some of the critical figures and data in the energy markets this week. The key market movers will…

This Is What Will Cause A Lasting Oil Price Rally

Feb 23, 2016 at 11:26 | Demostenes Floros

There are many players that may influence the trend in crude oil prices. From the financial markets - suffering from a grueling volatility, to the production…

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