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Energy

Are Oil Prices About To Bounce Back?

Are Oil Prices About To Bounce Back?

Jun 18, 2019 at 16:56 | Tsvetana Paraskova

Spooked by gloomy outlooks for the global economy and oil demand growth, money managers continue to amass shorts and cut longs in oil.   Hedge funds and other portfolio managers…

The Oil Company Investors Fear Most

The Oil Company Investors Fear Most

Jun 18, 2019 at 16:54 | Simon Watkins

Last week saw another upwards revision in Saudi Arabia’s proved oil reserves, this time via BP (although the figures came from Saudi’s state hydrocarbons behemoth, Saudi Aramco), putting them 11%…

Is Big Oil’s Plastic Bet Going Sour?

Is Big Oil’s Plastic Bet Going Sour?

Jun 18, 2019 at 13:39 | Irina Slav

While Greenpeace activists were busy planning their occupation of a BP drilling rig, Exxon and Sabic sealed a US$10-billion deal…

Norwegian Oil Pioneer: Big Oil’s Exodus Has Started

Norwegian Oil Pioneer: Big Oil’s Exodus Has Started

Jun 18, 2019 at 12:22 | Tsvetana Paraskova

Smaller independent oil and gas producers will have more opportunities to develop resources on the Norwegian Continental Shelf (NCS) because in ten years’ time all oil majors except state-participated Equinor…

Are Oil Markets At A Turning Point?

Are Oil Markets At A Turning Point?

Jun 18, 2019 at 12:18 | Tom Kool

Oil prices spiked on Tuesday as news of a planned meeting between President Trump and President Xi on the sidelines of the G-20 gave markets hope that the trade war…

U.S. Oil Sanctions Trigger Recession In Iran

U.S. Oil Sanctions Trigger Recession In Iran

Jun 18, 2019 at 11:51 | Tsvetana Paraskova

Iran’s economy contracted by 4.9 percent in the 2018-2019 year ended in March, slipping further into recession as diminishing oil exports due to the U.S. sanctions are depriving the…

Oil Prices Jump On Hopes Of End To U.S.-China Trade War

Oil Prices Jump On Hopes Of End To U.S.-China Trade War

Jun 18, 2019 at 10:50 | Tsvetana Paraskova

Oil prices erased earlier losses and surged on Tuesday morning after U.S. President Donald Trump said that he would meet his Chinese counterpart next week to discuss the ongoing trade…

OPEC Aims For $60-$70 Oil

OPEC Aims For $60-$70 Oil

Jun 18, 2019 at 09:27 | Irina Slav

OPEC members are happy with crude oil prices between US$60 and US$70 per barrel, Equatorial Guinea’s oil minister Gabriel Mbaga Obiang Lima told S&P Global Platts in an interview,…

The Oil Price Risk Analysts Are Ignoring

The Oil Price Risk Analysts Are Ignoring

Jun 17, 2019 at 17:52 | Nick Cunningham

Oil prices have given up some of the gains from last week’s oil tanker attack in the Gulf of Oman, with recession fears outweighing geopolitical tension and the risk of…

Cheddar To The Rescue? UK Company Uses Cheese To Power 4,000 Homes

Cheddar To The Rescue? UK Company Uses Cheese To Power 4,000 Homes

Jun 17, 2019 at 17:00 | Tsvetana Paraskova

A UK dairy in Yorkshire has signed an agreement with a local biogas plant to supply it with a by-product of cheese-making that would be turned into thermal power…

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