The energy transition, while necessary,…
Oil prices are under pressure…
Israeli authorities claimed to have…
Russia’s average oil production increased to 11.29 million barrels per day (bpd) in February, up by 3.2 percent on the year and slightly up from 11.28 million bpd in January,…
A prolonged and wide-ranging coronavirus outbreak could cut global economic growth to just 1.5 percent this year, half the growth rate expected before the outbreak, and send Japan and the…
Russia’s President Vladimir Putin has hinted that Russia may once again join OPEC in its efforts to stimulate oil prices even though Russia itself has no problem with current price…
With West Texas Intermediate falling below $45 a barrel after the latest burst in coronavirus panic, U.S. shale oil and gas producers are feeling growing heat. Except for the Permian,…
ExxonMobil saw its share price nosedive by roughly 15 percent in the past week, one in a series of oil companies that finds itself in a freefall. Four other oil…
What is Well Logging? Well logging is the practice of recording and analyzing various kinds of data about the rock formations around a borehole during or after drilling. Also called…
For a commodity going through one of its worst slumps ever, you would think that a major oil company bringing more of it to an already flooded market would cause…
China’s fuel demand has materially weakened after the coronavirus outbreak forced authorities to lock down cities and discourage travels. Some estimates put the current demand loss in China at around…
In my last article, Are Oil Markets Overreacting To The Coronavirus?, I warned of the power of media hype when it comes to epidemics. The human brain has a…
The amount of research being done into better batteries for electric cars is perhaps the clearest indication of how high the stakes are in the car world. Breakthrough after breakthrough…
On January 10, 2020 Qaboos bin Said, the Sultan of Oman passed away, leaving no heir. The official Omani legal statute would have provided the extended royal family 3 days…
Last week Jeff Bezos, founder, president and CEO of Amazon — and the world’s richest person — announced in an Instagram post that he would commit $10 billion toward fighting…
As the World Health Organization on Friday upgraded its global risk assessment for the coronavirus to “very high”, anxious oil markets are wondering when might be a good time to…
As fears of the coronavirus outbreak reaching pandemic levels continue to spread, markets have taken a beating. Investors are panic selling and nearly every sector is plummeting.
Baker Hughes reported that the number of oil and gas rigs in the US fell this week by 1 to 790, with the total oil and gas rigs clocking in…
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures hit multi-year lows on Friday and were set for their steepest weekly decline in more than four years as the…
1. China tries to restart its economy- China has begun to clear a backlog of…
Market Movers - Saudi Arabia is trying to pull out all the stops, so media reports say, citing anonymous sources, upping the ante for OPEC members by asking them to…
Oil is set for its worst week since the financial crisis. I will freely admit that that has taken me somewhat by surprise, but then as a logical person, illogical…
Gulf Oil Money: The Significant Fade-Away Gulf money is everywhere, but it won’t last, and nor will the reputations of the nations who hold it. The Saudi Crown Prince is…