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Why OPEC Won't Flood The Oil Market

Why OPEC Won't Flood The Oil Market

Saudi Arabia and Russia are…

Is This The Most Contentious OPEC Meeting Yet?

Is This The Most Contentious OPEC Meeting Yet?

OPEC’s members have been divided…

Energy

Petrochemicals: The Future For Big Oil

Petrochemicals: The Future For Big Oil

Jun 14, 2018 at 13:54 | Irina Slav

Plastics and petrochemicals are the future of Big Oil - there is hardly any question about that if by future we mean the distant future. There is still no consensus…

Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’

Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’

Jun 14, 2018 at 13:20 | Tsvetana Paraskova

It is “inevitable” that OPEC and partners will agree next week to gradually roll back some of the production cuts that have been in place since January 2017, Saudi Arabia’s…

EV Makers Receive Little Support From Trump

EV Makers Receive Little Support From Trump

Jun 14, 2018 at 11:46 | Jon LeSage

Automakers are looking for states to support electric vehicle sales and charging infrastructure development — regardless of what President Donald Trump and EPA Administrator Scott Pruitt end up deciding to…

Libya’s Es Sider Terminal Shuts Down After Militant Clashes

Libya’s Es Sider Terminal Shuts Down After Militant Clashes

Jun 14, 2018 at 09:34 | Irina Slav

The Es Sider oil export terminal in Libya was shut down and loadings at another one, Ras Lanuf, were suspended today after clashes between the Libyan national Army and the…

IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap

IEA: Oil Prices Could Rise Further As Shale Can’t Fill The Gap

Jun 13, 2018 at 17:55 | Nick Cunningham

U.S. shale will continue its breakneck growth rate into 2019, despite bottlenecks, but the oil market still faces serious supply risks from the potential losses from Venezuela and Iran, the…

The Decisive Battle For Yemen’s Oil Port

The Decisive Battle For Yemen’s Oil Port

Jun 13, 2018 at 17:21 | Cyril Widdershoven

An Arab coalition, led by Saudi Arabia and the UAE, have started their expected military assault on the Yemeni port of Hodeidah. This military operation will most probably decide the…

Europe Is Awash With Oil Stored On Ships

Europe Is Awash With Oil Stored On Ships

Jun 13, 2018 at 16:50 | Tsvetana Paraskova

While many analysts and agencies have already called the end of the global oil glut, oil held in floating storage in Europe is at an at least 18-month-high, also due…

China’s Oil Demand Could Take A Big Hit

China’s Oil Demand Could Take A Big Hit

Jun 13, 2018 at 14:14 | Tsvetana Paraskova

China’s independent refiners—the so-called teapots—have enjoyed comfortable profit margins since they were allowed to directly import crude oil in 2015. But the good times for the teapots may be over…

Russia To Propose Rolling Back 1.8 Million Bpd Of Oil Cuts

Russia To Propose Rolling Back 1.8 Million Bpd Of Oil Cuts

Jun 13, 2018 at 14:06 | Tsvetana Paraskova

Russia plans to propose to the OPEC/NOPEC allies next week that they reverse the group’s production to the October 2016 levels—the baseline for the cuts of most pact participants when…

U.S. LNG: Fulfilling A Strategic Role In Transatlantic Trade

U.S. LNG: Fulfilling A Strategic Role In Transatlantic Trade

Jun 13, 2018 at 13:35 | Liubov Georges

Europe’s liquefied natural gas imports have surged sixteen percent (from 40.9 bcm in 2016 to 47.4 bcm in 2017) to become the third largest source of gas supply after Russia…

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