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G7 Agrees To End Coal Use But Can It?

G7 Agrees To End Coal Use But Can It?

Despite big additions of renewable…

WTI Finds Support After Sell Off Suddenly Halts

WTI Finds Support After Sell Off Suddenly Halts

WTI crude found resistance at…

U.S. Sees New Egyptian Gas Fields As Key To Its New Middle Eastern Strategy

U.S. Sees New Egyptian Gas Fields As Key To Its New Middle Eastern Strategy

Besides its important geo-strategic location,…

Energy

Aramco’s $500 Billion Global Expansion

Nov 26, 2018 at 13:47 | Irina Slav

Saudi Aramco will spend US$500 billion over the next ten years to expand internationally, with a fifth of the total amount earmarked for petrochemical projects and US$160 billion for natural…

The Real Effect Of Iran Sanction Waivers

Nov 26, 2018 at 13:14 | Irina Slav

On the day U.S. sanctions against Iran went into effect, Brent crude traded at US$72.68 a barrel. Today, three weeks later, Brent is down to US$59.59 a barrel and President…

Brazil Eyes $30 Billion Offshore Oil Boom

Nov 26, 2018 at 11:41 | Tsvetana Paraskova

Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area.…

Saudi Oil Output Hits Record High In November

Nov 26, 2018 at 10:37 | Tsvetana Paraskova

Saudi Arabia’s oil production has been at a record high this month—at between 11.1 million bpd and 11.3 million bpd in some days in November, an industry source familiar with…

Could Oil Prices Fall To $40?

Nov 26, 2018 at 09:27 | Osama Rizvi

Crude market volatility has soared in the second half of 2018, with prices touching a four year high before entering their longest losing streak in three decades. Analysts…

Can OPEC+ Halt The Oil Price Slide?

Nov 25, 2018 at 08:34 | Nick Cunningham

Oil prices continue to plumb new depths, but some analysts think the selloff has gone too far. Brent prices fell to $62 per barrel by mid-week, hitting nearly a one-year…

Legendary Oil Trader Expects Crude Prices To Rebound

Nov 25, 2018 at 08:29 | Tsvetana Paraskova

Just two months ago, fears of plunging Iranian supply had the oil market and analysts wondering how high prices could go and if we are about to see $100 oil…

Trump And OPEC Face Off Over Production Cuts

Nov 25, 2018 at 08:23 | Nick Cunningham

“Oil prices getting lower. Great! Like a big Tax Cut for America and the World. Enjoy! $54, was just $82. Thank you to Saudi Arabia, but let’s go lower!” President…

Why The China-Philippines Energy Deal Won’t Last

Nov 24, 2018 at 12:24 | Tim Daiss

In a controversial move in this Southeast Asian country of nearly 100 million people, Philippine President Rodrigo Duterte and visiting Chinese President Xi Jinping lead officials from both sides yesterday…

India Looks To Double Its Natural Gas Usage

Nov 24, 2018 at 12:20 | Haley Zaremba

This week Indian Prime Minister Narendra Modi announced that this administration is working toward establishing a natural gas trading exchange as part of a larger effort to relieve the rapidly…

Plunging Oil Prices Weigh On Saudi Bonds

Nov 24, 2018 at 08:00 | Safehaven.com

For investors looking for stability and income, bonds are usually considered an attractive proposition. In the current environment of rising interest rates, international bonds are likely to outperform U.S. bonds.…

Russia, Iran Face Backlash Over Oil Shipments To Syria

Nov 24, 2018 at 07:54 | RFE/RL staff

The U.S. Treasury Department has targeted six individuals and three entities that it says are part of an Iranian-Russian network providing millions of barrels of oil to the government of…

Platts Survey: Brent Oil Price To Average $75 Next Year

Nov 23, 2018 at 16:46 | Tsvetana Paraskova

Brent Crude is expected to average $75.50 a barrel next year, according to an S&P Global Platts survey of 11 top banks and oil brokers, who see OPEC…

Oil Prices Collapse On Supply Surge

Nov 23, 2018 at 16:45 | Tom Kool

Oil prices collapsed on Friday, with WTI threatening to break the $50 mark and Brent falling below $60 for the first time in over a year.

Does The U.S. Really Need Saudi Oil?

Nov 22, 2018 at 15:45 | Nick Cunningham

“Saudi Arabia — if we broke with them, I think your oil prices would go through the roof. I’ve kept them down,” President Trump told reporters on Tuesday. “They’ve helped…

Trump’s Impossible Decision Over Saudi Arabia

Nov 22, 2018 at 15:18 | Tim Daiss

The chips are finally starting to fall in place for Saudi Arabia over the killing of dissident Saudi journalist Jamal Khashoggi last month. Early Thursday, Denmark announced that it…

A Gamechanger In European Gas Markets

Nov 22, 2018 at 12:28 | Irina Slav

The Southern Gas Corridor on which the European Union is pinning most of its hopes for natural gas supply diversification away from Russia is coming along nicely and will not…

Can Oil Solve Washington’s Syria Dilemma?

Nov 22, 2018 at 11:43 | Vanand Meliksetian

In the past seven years Syrian cities have been reduced to rubble, thousands have lost their lives, but the main objective of the U.S. and its allies to remove Bashar…

What Explains The Sudden Plunge In Iranian Oil Exports?

Nov 22, 2018 at 11:02 | Tsvetana Paraskova

Iran’s tracked oil exports in November plummeted by several hundred thousand barrels per day compared to October, as many Iranian customers hadn’t nominated barrels amid uncertainty whether they would get…

High Volatility In Oil & Gas Continues

Nov 22, 2018 at 10:36 | Jim Hyerczyk

Thanksgiving week usually features low-volume, low-volatility moves in the energy complex, but so far in this holiday-shortened week, we have seen none of that with crude prices being influenced by…

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