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Israel Claims to Have Dealt a Serious Blow to Hezbollah

Israel Claims to Have Dealt a Serious Blow to Hezbollah

Israeli authorities claimed to have…

Oil Prices Move Higher After a Volatile Week

Oil Prices Move Higher After a Volatile Week

After a volatile week, oil…

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Why Biden is Unlikely to Enforce the New Iran Oil Sanctions

Despite Congress passing new sanctions…

Energy

What Does U.S. Economic News Mean For Oil?

Oct 04, 2019 at 12:53 | Martin Tillier

As a rule, I try to stay focused on energy here, and reference broad economic conditions only as one of the many factors that influence those markets. In that context,…

The “Big LNG Short”

Oct 04, 2019 at 12:50 | Editorial Dept

Friday October 4, 2019 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Short Covering Halts Oil Price Rout

Oct 04, 2019 at 12:49 | Jim Hyerczyk

U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to close lower for the week, but a rally on Friday is helping traders claw back…

Rig Count Falls For Seventh Straight Week

Oct 04, 2019 at 12:30 | Julianne Geiger

The US oil and gas rig count fell for the seventh week in a row this week, decreasing by 5, according to Baker Hughes, but US oil companies are still…

Oil Prices Jump On Bright U.S. Employment Data

Oct 04, 2019 at 10:43 | Tsvetana Paraskova

Oil prices rose early on Friday after fresh data showed that the U.S. unemployment rate fell to 3.5 percent in September, the lowest rate in nearly 50 years, which eased…

Impeachment Victim? Energy Secretary Perry To Resign In November

Oct 04, 2019 at 09:13 | Irina Slav

Energy Secretary Rick Perry is planning to hand in his resignation next month, Politico has reported, citing three unnamed sources in the know. According to the sources, Perry has…

Meet The Mad Scientists Performing Universe-Breaking Experiments

Oct 03, 2019 at 17:16 | Haley Zaremba

Big things are happening at CERN, the European Organization for Nuclear Research. The state-of-the-art intergovernmental research organization is home to the single biggest particle physics laboratory on the planet. CERN’s…

Markets Fear Oil Price Collapse: Should OPEC Cut More Production?

Oct 03, 2019 at 16:47 | Tsvetana Paraskova

It’s been nearly three years since the world’s top oil exporter and OPEC’s de facto leader Saudi Arabia forged an alliance with Russia to start managing oil supply with the…

The US Oil Export Boom Is Only Just Getting Started

Oct 03, 2019 at 11:58 | Tsvetana Paraskova

U.S. crude oil exports jumped by nearly 1 million bpd in the first half of 2019 from the same period in 2018 to average 2.9 million bpd between January and…

A Million-Mile Electric Car Battery? Musk Wasn’t Lying

Oct 03, 2019 at 11:42 | Irina Slav

When earlier this year Tesla’s Elon Musk said the company could soon have batteries lasting for over one million miles, many probably took it as yet another grand promise with…

Is Libya’s Oil Output Set For A Steep Drop?

Oct 03, 2019 at 10:53 | Irina Slav

Libya’s National Oil Corporation has warned that the country’s crude oil production could drop sharply over the next nine months if the government in Tripoli does not release funds already…

Oil Sinks To Two-Month Low On String Of Bearish News

Oct 03, 2019 at 09:31 | Tsvetana Paraskova

The oil market was rocked just weeks ago by a major attack on Saudi Oil infrastructure that saw 5.7 million bpd taken offline, but looking at oil prices, you’d never…

What Would Greta Thunberg's Dream World Look Like?

Oct 02, 2019 at 16:49 | Haley Zaremba

A sixteen-year-old girl from Sweden has gotten a lot of attention (some supportive, much vitriolic) this week as she took on policymakers at the 2019 UN climate action summit in…

Oil Prices Tank On Global Recession Fears

Oct 02, 2019 at 16:32 | Nick Cunningham

Oil prices continued to slide on Wednesday, falling on a string of worrying economic news. Markets were peppered with troubling data from September at the start of the week, with…

Oil Discoveries Hit 70-Year Low

Oct 02, 2019 at 16:01 | Nick Cunningham

The last three years has been the worst stretch of time in seventy years for new conventional oil discoveries. A new report from IHS Markit finds that conventional oil…

Europe’s Gas Demand Soars As Dutch Giant Folds

Oct 02, 2019 at 12:48 | Rystad Energy

Europe’s energy landscape will be completely changed once the Dutch shut down the largest gas field on the continent years ahead of schedule, according to Rystad Energy. The Netherlands recently…

Oil Bears Are Taking Over Control

Oct 02, 2019 at 12:19 | Editorial Dept

Brent crude fell back below $59 this week as the world moved on from Saudi production outages and back into its increasingly familiar negative macro funk. Oil is now trading…

The War That Won’t Happen & The War That Already Is

Oct 02, 2019 at 12:18 | Editorial Dept

Even with dissident Iranian sources providing a form of confirmation that the Iranian leadership ordered the September 14th attack on Saudi oil facilities, there will be no war. The Saudi…

A Crisis Looms Over U.S. LNG

Oct 02, 2019 at 12:16 | Ross McCracken

Trade talks between the US and China are expected to resume in October, but US LNG producers can already count the cost of earlier failed negotiations, which resulted in the…

Canada’s Output Cuts Are A Positive Thing

Oct 02, 2019 at 12:15 | Editorial Dept

First, they said the production curtailments will remain in place until some 35 million barrels of excessive inventories are cleared. Then they said producers only need to wait until Enbridge’s…

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