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Energy

The Next Big Development In Offshore Oil & Gas

Dec 10, 2018 at 13:40 | Irina Slav

Siemens last week announced the launch of the first hybrid power plant for offshore rigs combined with energy storage featuring lithium-ion batteries. The company first unveiled the Blue Vault…

The Dangers Of China’s Growing Oil Demand

Dec 10, 2018 at 11:47 | Tim Daiss

China’s oil thirst continues to grow, despite the impact that U.S. tariffs are starting to have on the world’s second largest economy. On Saturday, preliminary data from China’s General Administration…

Morgan Stanley Slashes Oil Price Forecast For 2019

Dec 10, 2018 at 11:42 | Irina Slav

Morgan Stanley has cut its Brent crude price forecast for 2019 by US$10 a barrel to US$68.50 in the latest sign yet that the OPEC+ production cuts announced after…

2019: A Pivotal Year For OPEC

Dec 10, 2018 at 10:23 | Cyril Widdershoven

OPEC’s rollercoaster ride in Vienna highlights the growing divide within the oil cartel. Many oil analysts and financial gurus have fallen for the oldest media trick in the world, and…

Saudi Arabia To Cut Oil Exports By 1 Million Bpd Next Month

Dec 10, 2018 at 08:34 | Irina Slav

Saudi Arabia could reduce its daily crude oil shipments abroad by as much as 1 million barrels next month, Reuters reports, quoting unnamed sources close to Riyadh. According to…

OPEC+ Succeeds, What’s Next For Oil?

Dec 07, 2018 at 16:49 | Nick Cunningham

Oil prices spiked on Friday on news from Vienna. OPEC+ managed to pull off an eleventh-hour agreement, checking all the boxes after a contentious set of meetings. There were…

The Real Implications Of The New Permian Estimates

Dec 07, 2018 at 16:37 | Haley Zaremba

This week the United States Geological Survey (USGS) announced a groundbreaking oil and gas discovery in West Texas’ Permian Basin. According to the organization’s recent press release, a whopping…

Is The OPEC Deal The Start Of A New Rally In Oil?

Dec 07, 2018 at 16:35 | Jim Hyerczyk

U.S. West Texas Intermediate Crude Oil soared on Friday as investors breathe a sigh of relief as OPEC and its partners decided to cut 1.2 million bpd. On Thursday, Saudi…

Bottom Fishing For Oil Stocks? Stick To The U.S.

Dec 07, 2018 at 16:29 | Martin Tillier

Making any assumption about the price of oil right now is risky, or some might even say crazy. Still, with WTI having found at least a temporary bottom around $50…

Is Gasoline Demand Really Slipping?

Dec 07, 2018 at 16:25 | Genscape

Genscape’s Weekly Gasoline Demand Report data shows relatively flat growth in weekly year-on-year demand for September through November. On the other hand, the U.S. Energy Information Administration (EIA) Weekly Products…

Are Russia’s Natural Gas Goals Too Ambitious?

Dec 07, 2018 at 16:20 | Tim Daiss

This kind of development is often lost amid talk of higher news grabbing global oil markets headlines, particularly as Russia, now a major part of the so-called OPEC+ group, with…

Are Floating Reactors The Future Of Nuclear Energy?

Dec 07, 2018 at 16:18 | Vanand Meliksetian

The future of nuclear energy is either gloomy or promising depending on the country or region in question. In the developed world nuclear power is in decline. Especially after the…

Trump Administration Makes It Easier To Build Coal Plants

Dec 07, 2018 at 16:15 | MINING.com

The Trump administration is rolling back Obama-era rules on climate change regulation limiting carbon dioxide emissions from coal power plants in the United States, making it easier to build new ones.…

Why Fundamentals In Oil Markets Haven’t Changed

Dec 07, 2018 at 13:44 | Editorial Dept

Last week we wrote about Oil’s Big Week highlighting the importance of the OPEC+ and Trump/Xi G20 meetings which transpired in the last few days. Unfortunately the week’s events seem…

Global Intelligence Report - 7th December 2018

Dec 07, 2018 at 13:38 | Editorial Dept

Geopolitical Notebook Sources - Lawyer in UAE working with high-net-worth Russian clients- UAE ministry official- Economist in Dubai Qatar Exits Cartel to Protect LNG Qatar’s announcement that it…

Permian Oil Reserves May Be Twice As Big As We Thought

Dec 07, 2018 at 13:36 | Irina Slav

The U.S. Geological Survey has revised the technically recoverable reserves in the Wolfcamp Basin, in the Permian shale play, to 46.3 billion barrels of crude and 281 trillion cu ft…

The Future Of OPEC Is Underground

Dec 07, 2018 at 13:35 | Editorial Dept

Roughly two years ago, in the last days of November 2016, Vienna became the epicenter of global oil developments. There, a ground-breaking agreement was concluded, the Vienna Agreements (also known…

The Conference That Overshadowed OPEC

Dec 07, 2018 at 13:32 | Ross McCracken

OPEC gathered at its 175th meeting on December 6 in Vienna. It had some tough decisions to make, and its oil ministers were undoubtedly keeping an eye on the much…

OPEC+ Gives Oil Bulls Hope

Dec 07, 2018 at 13:29 | Editorial Dept

 The uncertainty surrounding OPEC/OPEC+ negotiations in Vienna strengthened the overwhelmingly bearish sentiment in oil markets this week, but a larger than expected cut has sent oil prices soaring. The failure…

OPEC Surprises Markets With Last Minute Deal

Dec 07, 2018 at 13:08 | Tom Kool

In the last possible minute, OPEC+ managed to agree upon a massive cut of 1.2 million bpd, pushing oil prices up by over 3 percent. 

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