Central Asian states are easing…
The rapid growth of renewable…
China is finishing the Al-Faw…
1. Gold prices surge- Gold hit a new high this week, closing over $2,000 per…
COVID Market Update The oil and gas market’s appetite is now shifting. As dismal Q2 financials flood in, lowered market expectations is seeing disastrous quarterlies as bad, and bad quarterlies…
Usually, when Saudi Arabia issues its official selling prices (OSPs) for the upcoming month, all the Middle Eastern crude exporters take notice and follow suit. Yet what happens if the…
Active Rigs Fall to Zero in Two Oil Hotspots In the latest sign of the times, and what very well may be an indicator of things to come,…
The oil and gas industry is overwhelmingly backing U.S. pro-oil President Donald Trump for the 2020 presidential election, compared to the presumptive Democratic candidate Joe Biden, data from the Center…
Brent Crude prices are set to average $42.35 a barrel this year and $49.25 per barrel in 2021, according to IHS Markit’s latest price forecast, which was raised by…
After slashing capex plans for 2020 and idling rigs by the dozen, U.S. shale drillers are still not ready to return to their default state of perpetual growth.…
Electric vehicle investors and enthusiasts tend to obsess about a single metric--EV sales--when trying to gauge the pace of global electrification. However, they tend to ignore another equally…
It’s been a rough year for oil, to say that least. And the worst isn’t over yet. Even though oil demand, and therefore oil prices, have been slowly…
It has already become crystal clear to analysts and the oil industry that global oil demand will not recover to pre-pandemic levels next year. Some forecasters…
The U.S. sent in June its first crude oil shipment to Saudi Arabia since the ban on crude export was lifted in 2015, which was also the first shipment since…
Demand for offshore rigs will slump this year as a result of the pandemic and the low oil prices that are forcing offshore operators to delay drilling activities, but the…
When it comes to America's allies in the Middle East, Washington has long "looked the other way" while they recklessly pursue questionable weapons technology. Think Pakistan's nuclear program at a…
OPEC’s second-largest producer, Iraq, is promising additional cuts of around 400,000 barrels per day (bpd) this month in order to compensate for the lack of compliance with the OPEC+ agreement…
O-I Glass Inc, a glass manufacturer, is trying to seize a Venezuelan oil tanker as part of efforts to secure the $500 million in arbitration compensation granted it by a…
The last active drilling rig in Wyoming was idled yesterday, leaving the state with no operating rigs for only the second time in its oil and gas history. The AP…
Back in June, we reported that China had begun ramping up imports of U.S. LNG ostensibly in a bid to fulfill the January trade agreement with Washington and possibly…
BP now says it will reduce its oil and gas production by 40 percent by 2030 as part of its pivot to low-carbon operations. But many will wonder…
Only two years ago analysts were hailing Argentina’s emerging shale oil boom, which many believed would be the next major petroleum frontier in Latin America. The vast Vaca…
It might not be a secret to anyone that Russia’s coal industry has been pivoting towards Asia – domestic utilization of the country’s vast coal reserves is stagnant…