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Trump Pushes Venezuela To The Brink

Trump Pushes Venezuela To The Brink

The Trump administration has initiated…

A Global LNG Crisis

A Global LNG Crisis

LNG prices plunged to a…

Energy

Oil Spikes As US Delays Tariffs On Chinese Goods

Oil Spikes As US Delays Tariffs On Chinese Goods

Aug 13, 2019 at 12:06 | Julianne Geiger

Oil prices continued to rally on Tuesday, this time on reports that the United States has decided to delay the next round of tariffs that were to be imposed on…

New Offshore Boom Is Propping Up This Niche Market

New Offshore Boom Is Propping Up This Niche Market

Aug 13, 2019 at 10:36 | Rystad Energy

The global market for floating production, storage and offloading vessels (FPSOs) is headed for a major renaissance with as many as 24 FPSO awards expected by 2020, driven to a…

Heat Wave Pushes Texas Power Demand To Record-High

Heat Wave Pushes Texas Power Demand To Record-High

Aug 13, 2019 at 09:30 | Irina Slav

Unusually high temperatures caused a surge in power consumption in Texas yesterday and could continue driving record consumption today as well, as weather forecasts point to even…

Saudis Consider All Options Amid Oil Price Slide

Saudis Consider All Options Amid Oil Price Slide

Aug 12, 2019 at 17:20 | Nick Cunningham

Last week, oil prices were in free fall, but all it took was a simple rumor to halt the meltdown. WTI was just a whisker away from sub-$50 territory, and…

Why Gold Prices Are About To Skyrocket Even Higher

Why Gold Prices Are About To Skyrocket Even Higher

Aug 12, 2019 at 14:57 | Charles Kennedy

The gold bears have finally caved under the deafening barrage of fiscal and geopolitical catalysts, from Fed hints to intensely brewing conflict with Iran. But there is one key trend…

Texas Crude Is Fetching Better Prices

Texas Crude Is Fetching Better Prices

Aug 12, 2019 at 14:43 | Nick Cunningham

Several major oil pipelines connecting West Texas to the Gulf Coast are set to come online in the next few weeks and months, allowing more Permian oil to hit the…

Middle East Oil, Carmakers Face Very High Cybersecurity Risk

Middle East Oil, Carmakers Face Very High Cybersecurity Risk

Aug 12, 2019 at 14:16 | Jon LeSage

The threat of hackers on human lives, breached data, and system shutdowns, are being taken very seriously by automakers and oil and gas companies. Security and energy experts have been…

Iran Looks To Reduce Dependence On Oil To Zero

Iran Looks To Reduce Dependence On Oil To Zero

Aug 12, 2019 at 12:33 | Irina Slav

Iran will restructure its budget in a way that should reduce the country’s dependence on oil revenues to zero, a senior government official told Mehr news agency. “Given the…

Will Shale Rise From The Dead?

Will Shale Rise From The Dead?

Aug 12, 2019 at 11:57 | Kurt Cobb

A flurry of coverage about the gloom and outright calamity in the shale oil business appeared last week. Low prices continue to dog the industry. But so does lack of…

Saudi Aramco’s First Ever Disclosure Shows $47 Billion Profit

Saudi Aramco’s First Ever Disclosure Shows $47 Billion Profit

Aug 12, 2019 at 10:57 | Tsvetana Paraskova

Saudi Aramco announced for the first time financial results on Monday, reporting a net income of US$46.9 billion for the first half of 2019, down by 12 percent from…

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