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Energy

Oil Supply Concerns Grow As Spare Capacity Is Tested

Jul 06, 2018 at 11:56 | Editorial Dept

Friday July 6, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…

Global Energy Advisory July 6th 2018

Jul 06, 2018 at 11:37 | Editorial Dept

Almost 50% of U.S. large oil company executives are seeing their pay tied to shareholder returns as production growth relinquishes the top spot in the industry’s agenda. Shareholders have been…

Why Oil Prices Failed To Hit $80

Jul 06, 2018 at 11:35 | Jim Hyerczyk

U.S. West Texas Intermediate crude oil futures are in a position to post a technically bearish closing price reversal top on the weekly chart. While this chart pattern may not…

Mexico’s New Government Won’t Upend Energy Reforms

Jul 06, 2018 at 08:18 | Irina Slav

The new Mexican government will not remove the energy sector reform introduced by the previous administration in 2013, the president-elect’s chief of staff told Bloomberg in an interview. Andres…

Oil Prices Drop On US-China Trade War, Saudi Production Boost

Jul 06, 2018 at 07:58 | Tsvetana Paraskova

Oil prices dropped early on Friday as fears of the escalating U.S.-Chinese trade war and increased production by Saudi Arabia and Russia outweighed concerns over supply disruptions from Venezuela to…

Do Trump’s Tweets Point To Another Oil Crisis?

Jul 05, 2018 at 16:11 | Nick Cunningham

President Trump spent part of his July 4 holiday shouting at OPEC on twitter, demanding lower gasoline prices. The OPEC Monopoly must remember that gas…

Goldman: Trade War Won’t Derail Oil Prices

Jul 05, 2018 at 15:45 | Nick Cunningham

U.S. tariffs are set to take effect on China on Friday, with China promising immediate retaliation, kicking off the next phase of the trade war. But it remains to be…

Aramco Looks To Launch New Oil Price Benchmark

Jul 05, 2018 at 13:23 | Tim Daiss

Saudi Arabia has turned its oil market fortunes around over the past 1 ½ years. From facing potential financial collapse due to a historic supply overhang of crude on the…

Asia’s Newest LNG Hedge

Jul 05, 2018 at 13:04 | Irina Slav

If fuels were actors, LNG would be the rising star. Everyone wants LNG: it’s cheaper and cleaner than oil, and it is abundant enough to remain attractive in the long…

Iran Accuses Trump Of Tweeting Up Oil Prices

Jul 05, 2018 at 11:53 | Tsvetana Paraskova

U.S. President Donald Trump took to Twitter again on Wednesday to complain about high oil prices and criticize OPEC, demanding that prices be reduced—and this time it was Iran…

Oil Prices Slide On Small Crude Build

Jul 05, 2018 at 10:29 | Irina Slav

As oil prices continue to press on higher the EIA reported an inventory build of 1.2 million barrels for the week to June 29. This follows three consecutive weekly…

U.S. Sour Oil Sellers Panic, Cut Prices To Asia

Jul 05, 2018 at 09:16 | Irina Slav

U.S. sour crude oil sellers have reduced their pricing for Asian customers, fearing that demand for U.S. oil may drop as China threatens to slap tariffs on American energy imports…

Trump Is Fracturing OPEC

Jul 04, 2018 at 16:23 | Nick Cunningham

President Trump is fracturing OPEC. Trump’s tweet over the weekend that Saudi Arabia agreed to add 2 million barrels per day (mb/d) of supply confused the oil markets, pushing prices…

Iran Threatens To Close Crucial Oil Chokepoint

Jul 04, 2018 at 16:16 | Cyril Widdershoven

An old doomsday scenario has been revived again by Iranian officials. Iranian president Rouhani stated on Tuesday in Bern, Switzerland that his country could block the Strait of Hormuz…

Oil Markets Look Forward To A Quiet Hurricane Season

Jul 04, 2018 at 15:33 | Irina Slav

Last year, hurricane season disrupted a lot of oil production and refining capacity along the U.S. Gulf Coast, sending oil prices soaring. This year, however, oil bulls may be in…

Can China Save Venezuela’s Collapsing Oil Industry?

Jul 04, 2018 at 15:29 | Nick Cunningham

China is throwing Venezuela a lifeline, although it is unlikely to pull the country back from the abyss. China Development Bank will reportedly invest $250 million in Venezuela’s Orinoco…

The Most Overlooked Renewable Energy Source

Jul 04, 2018 at 13:07 | Tsvetana Paraskova

Battery-powered electric vehicles have been stealing the spotlight from fuel cell vehicle technology, despite the fact that the latter has been around for a decade or two longer than battery…

Qatar Is Poised To Win Race For New LNG Projects

Jul 04, 2018 at 10:56 | Rystad Energy

In April 2017, Qatar lifted the North Field natural gas production moratorium that had been in place since 2005. This will allow Qatargas to increase production from the world’s largest…

China Throws Venezuela’s Oil Industry A $5B Lifeline

Jul 04, 2018 at 09:35 | Irina Slav

China’s Development Bank has approved a US$5-billion loan for Venezuela’s oil industry, Bloomberg reports, quoting the troubled South American country’s Finance Minister Simon Zerpa. “We’ve received the authorization for…

The New Oil Cartel Threatening OPEC

Jul 03, 2018 at 17:18 | Irina Slav

When reports emerged that India and China are in talks about forming an oil buyers’ club, OPEC was probably too busy with its upcoming June 22 meeting to concern…

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