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Under-hedged U.S. Shale Patch Exposed To Falling Oil Prices

Under-hedged U.S. Shale Patch Exposed To Falling Oil Prices

Commodity analysts at Standard Chartered…

Gasoline Demand Continues To Grow Despite EV Boom

Gasoline Demand Continues To Grow Despite EV Boom

Electric vehicles are rapidly gaining…

Energy

The Saudi Plan To Boost Spare Oil Production Capacity

May 07, 2019 at 10:34 | Oxford Business Group

Even as Saudi Arabia’s oil production reached record levels, with total output hitting 11.1m barrels per day (bpd) in November 2018, the country is boosting levels of investment to ensure…

There’s Tremendous Room For Growth In Offshore Oil & Gas

May 07, 2019 at 09:34 | Rystad Energy

The Offshore Technology Conference (OTC) in Houston, Texas celebrates its 50th birthday this week, begging the question – what will the next 50 years hold for the…

The Top Oil & Gas Companies This Earnings Season

May 06, 2019 at 17:17 | Tsvetana Paraskova

Volatile crude prices and weak refining margins led to lower earnings at all five oil supermajors in the first quarter of 2019, suggesting that Big Oil shouldn’t stay complacent several…

Global Markets In Tailspin After Trump Reignites Trade War

May 06, 2019 at 15:59 | Nick Cunningham

Oil prices sank on Monday morning after President Trump decided to reignite the trade war with China just before it was supposed to be resolved. Trump took to twitter…

EU Promises To Double U.S. LNG Imports Within 5 Years

May 06, 2019 at 15:29 | Irina Slav

The European Union has promised to double its intake of U.S. liquefied natural gas over the next five years with the annual total reaching the equivalent of 8 billion cubic…

China Set To Defy U.S. Sanctions On Iran

May 06, 2019 at 13:51 | Tim Daiss

Tensions between Washington and Beijing could soon peak if China positions itself to defy President Trump’s repeal of Iranian oil sanctions waivers. On Saturday, noted Chinese analysts said that…

What Explains China’s Thirst For Saudi Oil

May 06, 2019 at 13:48 | Tsvetana Paraskova

China stepped up purchases of Saudi oil in the first four months of this year as a private refiner is raising crude intake from the Kingdom that has secured term…

Nigeria Shuts In More Oil After Protests In Niger Delta

May 06, 2019 at 12:00 | Tsvetana Paraskova

A key oil pipeline and a logistics base in Nigeria’s oil-rich Niger Delta have been impacted by a shutdown and protests, the operator of the facilities said on Monday, in…

Oil Falls As Trump Threatens New Tariffs On China

May 06, 2019 at 11:01 | Irina Slav

Oil prices fell on Monday as President Donald Trump has threatened China to slap a 25-percent tariff on hundreds of billions worth of Chinese goods that have…

Buffett’s Big Bet On Energy

May 06, 2019 at 09:24 | Irina Slav

One of America’s most legendary investors, Warren Buffett, plans to invest heavily in energy, he revealed during the annual shareholders’ meeting of his principal investment vehicle Berkshire Hathaway. MarketWatch

This World-Class Shale Frontier Just Opened Up

May 03, 2019 at 16:59 | Tsvetana Paraskova

A region in Australia has recently lifted a moratorium on fracking. Local companies aim to begin this year exploration of what they believe are huge shale gas reserves, potentially capable…

Electric Fracking Could Take Over The Permian

May 03, 2019 at 16:59 | Haley Zaremba

Shale production in West Texas continues to boom--so much so that shale oil and gas producers in the Permian Basin have more than they know what to do with. As…

OPEC Is Facing An Existential Crisis

May 03, 2019 at 16:58 | Cyril Widdershoven

Global oil market fundamentals are looking particularly bullish, from the OPEC+ production cuts, to the constraints of exports in Nigeria and the U.S. sanctions on Iran and Venezuelan. While oil…

Pipeline Bottlenecks Cost Canadian Producers $20 Billion

May 03, 2019 at 16:58 | Haley Zaremba

Canada has plenty of oil, and demand is high, but the Canadian oil industry has nevertheless taken a major hit this year thanks to its persisting pipeline bottleneck. The Albertan…

China Invests In Game-Changing Arctic LNG Project

May 03, 2019 at 16:58 | Tim Daiss

Russia’s second largest natural gas producer, independent player Novatek, has signed up key participation from two state-owned Chinese oil majors in its massive Arctic LNG 2 project. The deals were…

Analysts Are Wrong About This Under-The-Radar U.S. Producer

May 03, 2019 at 16:57 | David Messler

In mid-2017, California Resources, (CRC), took off like a rocket, reaching a peak of over $50 a share before the world changed in early October of 2018. The…

Why Your Gasoline Won’t Take You As Far As it Used To

May 03, 2019 at 16:44 | Robert Rapier

Over the weekend, I saw a passing reference on Twitter to the declining energy content of gasoline. Intuitively I know this to be correct for reasons I discuss below. But the…

Norway’s $1-Trillion Oil Fund Has Best Quarter Ever On Rising Crude Prices

May 03, 2019 at 16:07 | Tsvetana Paraskova

The world’s largest sovereign wealth fund—Norway’s US$1-trillion fund that has amassed its wealth from oil—earned US$84 billion in Q1 in the “strongest quarter ever”, boosted by technology and oil and…

The Oil Bears Are Back

May 03, 2019 at 13:29 | Editorial Dept

Oil is turning bearish, despite all the speculative excitement of taking more Iranian crude off the market. The end of Iran sanctions waivers was officially on Thursday, but while oil…

An Oil Supply Glut Is Looming

May 03, 2019 at 13:25 | Editorial Dept

1. Futures depict emerging oil supply glut (Click to enlarge)- Oil futures slipped into contango in the fourth quarter, a…

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