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Two Sectors Driving the Future of Oil Demand

Two Sectors Driving the Future of Oil Demand

Oil demand is expected to…

Octopus Energy Overtakes British Gas as the Largest UK Supplier

Octopus Energy Overtakes British Gas as the Largest UK Supplier

Octopus Energy's valuation has surpassed…

Energy

Uncovering The Truth Behind The Khashoggi Disappearance

Oct 19, 2018 at 17:08 | Editorial Dept

Note: The information in this report is highly sensitive, as are references to sources. Dissemination or re-publication of any kind of any part or all of this report is strictly…

How OPEC Can Boost Its Spare Capacity

Oct 19, 2018 at 17:04 | Editorial Dept

Wherever OPEC Secretary General Mohammad Barkindo went this week, he emphasized the importance of building up a sizable spare capacity cushion as a safe way to help the global oil…

The Mini-Bear Market For Crude

Oct 19, 2018 at 17:02 | Editorial Dept

Markets have hit a rough patch – and oil is on the negative end of just about every indicator that appeared in the last week. Let’s go through them all…

Oil Markets Ignore Growing Geopolitical Risk

Oct 19, 2018 at 16:58 | Editorial Dept

The disappearance and alleged dismembering of Saudi dissident Jamal Khashoggi by people connected to Crown Prince Mohammad bin Salman has generated a lot of media buzz throughout the week, however…

Exxon Is Betting On Africa For Its Next Big Find

Oct 19, 2018 at 15:38 | Irina Slav

Exxon is betting very big on Africa for its next big find, the supermajor’s head of exploration, Stephen Greenlee, told Bloomberg in an interview. In fact, Greenlee said, Exxon…

Oil Market Loses Its Bullish Edge

Oct 19, 2018 at 13:53 | Tom Kool

Oil markets are calming down after several weeks of bullish news, with Goldman Sachs now saying that crude is unlikely to break $100 per barrel. 

Rig Count Rises Amid Oil Price Recovery

Oct 19, 2018 at 12:17 | Julianne Geiger

Baker Hughes reported a 4-rig increase for oil and gas in the United States this week, bringing the total number of active oil and gas rigs to 1,067 according to…

Leaked Document: OPEC+ Struggling To Lift Oil Production

Oct 19, 2018 at 11:00 | Tsvetana Paraskova

OPEC and its Russia-led non-OPEC allies are struggling to fully deliver on the oil production increase of 1 million bpd promised in June, Reuters reported on Friday, quoting an…

Goldman Sachs: Oil Unlikely To Reach $100

Oct 19, 2018 at 09:16 | Irina Slav

Crude oil is unlikely to reach US$100 a barrel as various analysts have warned, Goldman Sachs’ chief of commodities Jeffrey Currie told S&P Global Platts in an interview. This…

Oil Markets Tremble As Chinese Stocks Crash

Oct 18, 2018 at 17:49 | Nick Cunningham

China’s stock market fell sharply on Thursday, dragged down by a range of concerns that should offer a warning to the broader global economy. The Shanghai Composite Index fell nearly…

The Oil Keeps Flowing: Iran Evades U.S. Sanctions

Oct 18, 2018 at 17:44 | Nick Cunningham

U.S. sanctions on Iran take effect in a little over two weeks, and the Trump administration has already had quite a bit of success in knocking Iranian supply offline. But,…

Top Oil Trader Still Sees Higher Prices In 2019

Oct 18, 2018 at 16:44 | Tsvetana Paraskova

Three weeks ago, when Brent Crude prices hit $80 a barrel on fears of an imminent supply crunch with the Iran sanctions, one of the world’s top oil traders—Trafigura—was…

Saudi Aramco Pulls The Trigger On $25 Billion Megaproject

Oct 18, 2018 at 13:18 | Tsvetana Paraskova

Saudi Aramco signed on Thursday an agreement to invest in a 400,000-bpd refinery and associated petrochemical plants in eastern China as part of Saudi Arabia’s push to expand its…

China Can’t Get Enough Of The World’s Cheapest Crude

Oct 18, 2018 at 12:54 | Irina Slav

Canada’s oil industry woes have been a topic of discussion in the media for some time now, what with the persistent delays in the Trans Mountain expansion, unyielding…

UAE Boosts Production, Introduces New Crude Blend

Oct 18, 2018 at 12:17 | Tsvetana Paraskova

The Abu Dhabi National Oil Company (ADNOC), the producer of nearly all of the oil in the UAE, began producing and exporting a new crude grade, Umm Lulu, in October,…

Canadian Oil Patch Grapples With Cannabis Legalization

Oct 18, 2018 at 11:01 | Haley Zaremba

As of today, recreational cannabis consumption is legal in Canada. While many Canadian citizens and companies will be celebrating the reform, not to mention preparing to capitalize on this…

Is Saudi Arabia About To Enter The Arctic Gas Game?

Oct 18, 2018 at 10:01 | Tim Daiss

Now that global oil markets have gotten used to Saudi-Russian oil production cooperation that first hit the scene in early 2017 in an effort to reign in global price concerns,…

Iran Sends Record Amount Of Oil To China

Oct 18, 2018 at 09:09 | Irina Slav

Tankers carrying some 22 million barrels of Iranian crude are on their way to the Chinese port of Dalian, Reuters reports, citing ship-tracking data, and noting this is a…

What Killed The Oil Price Rally?

Oct 17, 2018 at 17:03 | Nick Cunningham

Oil prices fell to a one-month low on Wednesday, pushed down by a rather bearish report from the EIA that showed a large increase in crude inventories. Brent briefly dipped…

U.S-Saudi Clash Could Spell Disaster For OPEC

Oct 17, 2018 at 16:50 | Cyril Widdershoven

The Khashoggi case is far from over, as current harsh statements coming from Washington are showing. Not only is there a long line of U.S. Senators calling for an in-depth…

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