Citi has forecast that oil…
Comparing Big Oil to Big…
Bloomberg and the Financial Times are reporting that…
In the international electricity markets, countries fall into one of three categories: those that provide adequately for their needs like the US, those with excess reserves like Canada and those…
The annual five-day rebalancing of portfolios beginning on Friday could attract as much as US$9 billion buying into crude oil contracts, putting upward pressure on oil prices, investment banks and…
The immediate future of U.S. shale remains bleak despite Saudi Arabia’s pledge to cut an additional 1 million bpd in production to prop up prices. “I really don’t see much…
Oil-and-gas stocks are just coming off one of their most tumultuous years in history. In 2020, the oil and gas sector was hit with a triple-whammy of a…
Recovering demand for liquefied natural gas (LNG) and the strongest spot LNG prices in more than half a decade are set to encourage more U.S. exports of LNG…
For the first time in 35 years, no oil flowed from Saudi Arabia to the United States last week, according to EIA data, in a show that the United States—at…
Money managers started 2021 with optimism that oil prices will benefit from a rise in economic activity as vaccines are being rolled out. Hedge funds and…
Iran claims that the U.S. should pay Tehran as much as US$70 billion as compensation for lost oil revenues due to the U.S. sanctions, as a prerequisite for a return…
The last year was difficult for Ecuador’s beaten-down hydrocarbon sector. Aside from the severe fallout from the COVID-19 pandemic and sharply weaker oil prices, the industry was rocked…
Saudi Arabia’s unexpected major oil production cut announced on Tuesday is likely a sign that the world’s largest oil exporter expects oil demand to weaken in coming weeks due…
A profuse literature on hydrogen is coming forth from companies, governments, and energy market analysts. All are seeking the most likely paths forward for what is anticipated to be a…
Crude oil prices rose further today after the Energy Information Administration reported a crude oil inventory draw of 8 million barrels for the last week of 2020, despite hefty…
The first monthly OPEC+ meeting to decide on the group’s production ended with an unexpected, in fact shocking two-month agreement: Saudi announced an unexpected and unilateral…
The worst seems like it’s over for the U.S. oil industry. Yet executives are entering the new year with cautious optimism, the latest Dallas Fed
The oil industry took a tumble in 2020, but the tides are beginning to turn. Oil prices are currently wading cautiously in the $50 range as a new…
Since years before the unexpected blow of the novel coronavirus pandemic, U.S. shale has been in a state of serious decline. Diminishing returns from aging wells turned the…
As 2020 meant a slowdown in coal production and use, experts and governments were confident that the industry would pick up again as pandemic restrictions eased. However, going…
In line with Iraq’s currently perilous finances and with its future target of increasing crude oil production to 7 million barrels per day (bpd) by 2027 at the latest,…
Oil prices jumped on Tuesday morning as OPEC+ agreed to push back the expected production increase until next month.
After another round of drama and a stalling of the talks on Monday, the Tuesday extension of the OPEC+ meeting concluded at long last with a solution upon which all…