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Energy

U.S. Claims It Has Evidence Iranian Tanker Delivered Oil To Syria

Sep 13, 2019 at 11:00 | Irina Slav

A U.S. State Department spokeswoman has told media the department has evidence that the Adrian Darya 1 tanker had delivered its cargo to Syria. In response to a question on…

Oil Prices May Slump Heavily In 2020

Sep 13, 2019 at 09:14 | Irina Slav

OPEC and its partners will not deepen their oil production cut yet but will discuss the topic again in December. This is what Saudi Arabia’s newly appointed Energy Minister Abdulaziz…

Are Oil & Gas Stocks On The Cusp Of Breakout?

Sep 12, 2019 at 16:55 | Tsvetana Paraskova

Energy—the biggest underperformer in the S&P 500 sectors so far this year—has started to show some signs that oil and gas stocks may be close to breaking out of the…

Can Argentina's Shale Boom Survive?

Sep 12, 2019 at 16:41 | Nick Cunningham

The economic and financial crisis in Argentina is creating a lot of new headwinds for the country’s aggressive push into the Vaca Muerta shale. A new report says that…

IHS Markit: US Natural Gas Prices To Fall To 50-Year Low

Sep 12, 2019 at 15:47 | Julianne Geiger

Huge natural gas stockpiles in the United States are set to push prices for the fuel to a near 50-year low, IHS Markit said on Thursday in a new report,…

The U.S. Briefly Overtook Saudi Arabia In Gross Oil Exports

Sep 12, 2019 at 12:59 | Tsvetana Paraskova

The United States briefly overtook Saudi Arabia as the world’s number one gross oil exporter at one point in June this year, the International Energy Agency (IEA) said on…

Russia’s Energy Minister: Fundamentals, Not Trump Impact Oil Prices

Sep 12, 2019 at 11:37 | Tsvetana Paraskova

Russia and OPEC are looking at the fundamental forces on the oil market such as supply and demand, rather than at U.S. President Donald Trump’s tweets, Russian Energy Minister Alexander…

The US Massively Underestimates The Trade War Blowback

Sep 12, 2019 at 11:01 | Robert Berke

Trade wars and sanctions are economic weapons against rival regimes, and like actual military warfare, often lead to unanticipated and sometimes devastating blowback from the targeted regimes.  A prime example…

Rystad: US Shale Production To Peak At 14.5 Million Bpd

Sep 12, 2019 at 09:21 | Rystad Energy

US shale supply will peak at approximately 14.5 million barrels per day (bpd) around 2030, according to Rystad Energy. In the past decade, crude oil coming from shale patches such…

Oil Demand Growth Weakest In Nearly A Decade

Sep 11, 2019 at 17:33 | Nick Cunningham

Global oil demand continues to see downgrades from major energy forecasters, with several downward revisions in just the past week. The U.S. EIA said in its Short-Term Energy Outlook…

China’s Big 3 Struggle To Ramp Up Oil Production

Sep 11, 2019 at 16:43 | Vanand Meliksetian

China's unprecedented economic development and the massive increase in energy imports have made it an important destination for some of the world’s largest energy exporters. The growing role of EVs…

Yergin: Expect Extreme Volatility In Oil Markets

Sep 11, 2019 at 15:43 | Tsvetana Paraskova

Rising pipeline takeaway capacity in the Permian and global oil demand growth at its weakest in a decade are set to lead to more volatility in oil prices in the…

Saudis Raise Crude Prices To Asia In Jittery Oil Markets

Sep 11, 2019 at 13:23 | Editorial Dept

Leading crude producers finally decided to reassure the markets, availing themselves of the platform of the World Energy Congress in Abu Dhabi. The new Saudi Energy Minister Abdulaziz bin Salman…

US Oil Export Boom Hasn’t Hurt Middle East Producers

Sep 11, 2019 at 13:22 | Editorial Dept

In the fourth (and last) episode of our overview of the US crude export boom, we will now look at the United States’ waning energy relationship with the Middle East.…

Oil Demand Destruction: A Trade War Reality

Sep 11, 2019 at 13:20 | Ross McCracken

Chinese-US trade figures in August came in well below expectations illustrating the negative impact of the ongoing trade war. Chinese exports to the US in August were down 16%, while…

Has Bolton’s Firing Burst The Oil Price Bubble?

Sep 11, 2019 at 13:17 | Editorial Dept

Bolton Out, Iran In? Oil Prices Think So There’s a good reason oil prices tanked on Tuesday (temporarily) and then continued to do so on Wednesday. Bolton has always been…

Oil Moves Higher, But Traders Remain Cautious

Sep 11, 2019 at 13:15 | Editorial Dept

Oil prices legged higher to begin the week after the new Saudi Energy Minister confirmed his arrival would not bring a shift in OPEC policy. To quote, Prince Abdulaziz told…

Iraq: OPEC+ Alliance To Discuss Deeper Oil Production Cuts

Sep 11, 2019 at 13:11 | Tsvetana Paraskova

OPEC and its Russia-led partners in the production cut pact will discuss on Thursday whether the current state of the oil market warrants deeper cuts, Iraq’s Oil Minister Thamer Ghadhban…

Oil Slides As Trump Considers Easing Sanctions On Iran

Sep 11, 2019 at 11:55 | ZeroHedge

WTI prices were jittery on Wednesday morning, rising initially, but falling back below yesterday's lows, after headlines suggesting Bolton was fired after disagreeing with Trump's desire to ease Iran sanctions to…

Rystad: Low Prices To Send Oil Services Market Into Recession

Sep 11, 2019 at 11:00 | Tsvetana Paraskova

Following three consecutive years of growth, the oilfield services market is set to slip into recession in 2020 if oil prices stay at their current low levels, Rystad Energy

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