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Energy

What Is Keeping Oil Prices Subdued?

Feb 08, 2019 at 13:36 | Tom Kool

Oil prices failed to break out on Friday, as traders showed themselves cautious, voicing concerns about global economic growth. (Click to enlarge)

Oil Rig Count Rises As Oil Prices Stabilize

Feb 08, 2019 at 12:34 | Julianne Geiger

Baker Hughes reported an increase in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling rigs…

Rival Forces Clash For Control Over Libya’s Largest Oil Field

Feb 08, 2019 at 10:54 | Tsvetana Paraskova

Rival army forces—one loyal to the UN-backed Libyan government and another to a strongman from the east—are fighting for control over Libya’s largest oil field, Sharara, which has been…

Oil Seesaws On Trade Deal Worries

Feb 08, 2019 at 09:23 | Irina Slav

Crude oil prices fell slightly today in Asia as traders continued with caution amid persistent worries about global economic growth and the chances of the United States and China agreeing…

Trade Deal Uncertainty Weighs On Oil Prices

Feb 07, 2019 at 16:50 | Nick Cunningham

Despite the crisis in Venezuela, which could shut in a lot more oil supply, global crude prices have been mostly flat for two weeks. Oil traders have weighed prospect of…

Alberta Oil Cuts To End Sooner Than Planned

Feb 07, 2019 at 14:18 | Irina Slav

Canadian crude oil is already expensive enough for the production cuts to stop making sense: some producers have already started rolling them back far ahead of schedule. This is what…

Uncertainty Continues For LNG Markets

Feb 07, 2019 at 13:46 | Vanand Meliksetian

‘King Coal’ dominated the energy mix during the industrial revolution of the 19th century. The replacement of the steam engine by the internal combustion engine made oil the most important…

Can Anything Slow Down U.S. LNG?

Feb 07, 2019 at 11:48 | Kurt Cobb

It is the legally mandated purpose of a for-profit corporation to make money for its owners and to prioritize that goal above all else. So, it is no surprise that…

Tesla Disputes Study That Icy Weather Leads To 41% Drop In EVs Range

Feb 07, 2019 at 11:00 | Tsvetana Paraskova

Tesla says that a new AAA study on electric vehicle (EV) range in icy or hot temperatures has shown results inconsistent with the experience of Tesla drivers and that the…

How Washington Could Spoil The OPEC+ Alliance

Feb 06, 2019 at 17:27 | Nick Cunningham

OPEC and Russia are officially working to establish a formal alliance that would allow for the indefinite management of the oil market. The OPEC/non-OPEC coalition, often referred to as “OPEC+”,…

The Natural Gas Price Plunge Isn’t Over Yet

Feb 06, 2019 at 16:52 | Nick Cunningham

Natural gas prices started the winter season with a bang, but could end it with a whimper. Henry Hub natural gas prices spiked last November to multi-year highs, nearing…

Expect More Bullish News For Oil This Month

Feb 06, 2019 at 14:19 | Editorial Dept

Last month we wrote a series of notes arguing that risks were either skewed sideways or slightly higher for oil primarily based on the ideas that the US central bank…

Extreme Volatility In U.S. Natural Gas To End Soon

Feb 06, 2019 at 14:16 | Tsvetana Paraskova

The longest period of extreme volatility in the U.S. natural gas market in a decade will likely come to an end at the end of the winter as current forecasts…

Is This The Point Of No Return For Maduro?

Feb 06, 2019 at 14:14 | Editorial Dept

Things have certainly moved into a higher gear in Venezuela, with a genuine diarchy vying for control over the country’s resources and populace. The alleged smuggling of gold reserves, politicized…

Oil Arbitrage Economics: Heavy Crudes Get Pricier

Feb 06, 2019 at 14:12 | Editorial Dept

Unascertainable times we are having on the global oil market. The struggle for Venezuela, with all its twists and turns, should be looming large as pretty much everyone tries to…

OPEC: Success Or Stagnation?

Feb 06, 2019 at 13:58 | Ross McCracken

Since the co-option of Russia at the end of 2016, OPEC has appeared resplendent, but it remains a far from perfect cartel with no real destination in sight. Although it…

Mozambique LNG Increasingly Appealing For International Players

Feb 06, 2019 at 13:34 | Tim Daiss

Tokyo Gas Co, Japan’s largest gas utility and a major LNG player, and British energy supplier Centrica agreed on Tuesday to jointly purchase 2.6 million tonnes of LNG per year…

Platts Survey: OPEC Production Drops To Lowest Since March 2015

Feb 06, 2019 at 13:13 | Tsvetana Paraskova

OPEC’s crude oil production plummeted by nearly 1 million bpd from December to 30.86 million bpd in January, marking the lowest production for the cartel since March 2015, as Saudi…

Oil Heads Lower On Small Inventory Build

Feb 06, 2019 at 09:40 | Irina Slav

A day after the American Petroleum Institute disappointed oil bulls by reporting an estimated inventory build across the board, the Energy Information Administration deepened the mood by saying U.S.…

Oil And Gas In Spotlight At State Of The Union

Feb 06, 2019 at 08:57 | Irina Slav

Record-breaking oil and gas production in the United States was one of the focal points of President Trump’s State of the Union Address this week, with an emphasis placed…

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