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Energy

Softer U.S. Gasoline Demand Weighs On Oil Prices

Jan 30, 2019 at 17:15 | Irina Slav

The latest oil price decline has been blamed on several things, including anxiety about the state of the global economy, the sanction waivers Washington granted Iran’s biggest crude oil buyers,…

Chevron Looks To Double Permian Production By 2022

Jan 30, 2019 at 14:56 | Tsvetana Paraskova

Unlike many oil and gas firms who had given up some of their acreage in the Permian before the shale revolution, supermajor Chevron and its legacy companies have been sticking…

The Key Risks For Oil In February

Jan 30, 2019 at 14:42 | Editorial Dept

Oil markets are subject to some compelling story lines right now. Trump/Xi relations are holding risk markets hostage. The US Fed seems to be in a holding pattern on rate…

Global Intelligence Report - 30th January 2019

Jan 30, 2019 at 14:41 | Editorial Dept

Sources - Geopolitical consultant to Fortune 500 companies in the Americas- High-level Scottish government official- Energy consultant to Scottish government- EU economic analyst in Brussels Venezuela: The…

What Impact Will Nigeria’s Elections Have On Oil?

Jan 30, 2019 at 14:41 | Editorial Dept

On February 16, 2019, Nigeria will start off its general elections during which voters will elect the President, National Assembly and an overwhelming majority of governors. Elections traditionally are a…

What Comes Next For Venezuela?

Jan 30, 2019 at 14:41 | Ross McCracken

Having written last week that Venezuela was staggering on through seemingly endless social and economic crises, an end game may finally be insight. It is impossible to predict when a…

U.S. Sanctions Hit Venezuela Hard

Jan 30, 2019 at 14:41 | Editorial Dept

U.S. sanctions against Venezuela, announced this Monday as a part of a political pressure campaign exerted on President Nicolás Maduro, have rocked the oil industry which is still struggling to…

Controversial Nord Stream 2 Pipeline Could Be Operational By November

Jan 30, 2019 at 14:32 | Tim Daiss

In what would be an early geopolitical win for Moscow, German news agency DW reported yesterday, citing one of the project’s engineers, that the Nord Stream 2 natural gas…

Philippines’ LNG Hopes Are Fading Fast

Jan 30, 2019 at 11:46 | Tim Daiss

It should be plain to see by now for those who follow energy news that the Philippines is not only struggling to put its first LNG import terminal in place…

The Only Way For The Aramco IPO Is Downstream

Jan 30, 2019 at 11:05 | Cyril Widdershoven

The Aramco IPO fog has been partly cleared up, after Amin Nasser, Aramco’s CEO, opened up to the press during a meeting at the World Economic Forum (WEF)…

Oil Markets Unmoved By Modest Inventory Build

Jan 30, 2019 at 09:41 | Irina Slav

As international prices inched up in the aftermath of Washington’s latest sanctions against Venezuela, the Energy Information Administration reported a build in crude oil inventories for the week to…

Shale Gas Majors Succumb To Wall Street Pressure

Jan 29, 2019 at 18:01 | Nick Cunningham

The shale gas bonanza may finally be slowing after a decade of skyrocketing growth. In 2018, the U.S. natural gas industry broke new production records, but demand rose to new…

U.S. Seeks To Cripple Venezuela’s No.1 “Vehicle For Embezzlement’’

Jan 29, 2019 at 17:48 | Nick Cunningham

The Trump administration stepped up its effort at regime change in Venezuela on Monday, announcing sanctions intended to cripple the country’s oil sector. The U.S. government will bar most transactions…

New Exploration Tech Finds 1.5 Billion Barrels Of Oil In Alaska

Jan 29, 2019 at 14:11 | Irina Slav

Digital technology adoption in all stages of upstream operations in the oil and gas industry has seen a steep rise recently. While a lot has been written about the benefits…

Europe To Become An Increasingly Important LNG Market

Jan 29, 2019 at 13:40 | Tsvetana Paraskova

Europe has long been considered as the ‘sink’ of the liquefied natural gas (LNG) market, absorbing the cargoes that don’t get sold on the booming Asian market. LNG analysts and…

What Drives China’s Electric Vehicle Sales?

Jan 29, 2019 at 13:40 | Jon LeSage

China continues to dominate the world’s electric vehicle sales, but a new study finds that a good chunk of it is going to fleets to meet government mandates as subsidies…

Oil Prices Bounce On Venezuela Turmoil And Saudi Cuts

Jan 29, 2019 at 13:36 | Tom Kool

After a selloff on Monday, oil prices bounced back at the start of trading on Tuesday.(Click to enlarge)

Why Libya’s Largest Oil Field Remains Shut Down

Jan 29, 2019 at 12:25 | Tsvetana Paraskova

Libya’s largest oil field, Sharara, will not reopen until the armed group that has been occupying it for nearly two months backs down and leaves, the chairman of the National…

Oil Prices Rise As Saudis Pledge Deeper Cuts

Jan 29, 2019 at 10:22 | Tsvetana Paraskova

Saudi Arabia is determined to restore the balance on the oil market and is cutting deeper than required in the OPEC+ deal, with February crude production likely close to 10.1…

U.S. Refiners Brace For Venezuelan Supply Crunch

Jan 29, 2019 at 09:29 | Irina Slav

The trump administration announced new sanctions on Venezuela’s state oil company PDVSA, which will significantly reduce its crude oil exports to Gulf Coast refiners, Reuters reports, without adding any…

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