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Energy

Shale Shifts Attention To This ‘Forgotten’ Oil Play

Jun 15, 2018 at 16:55 | Irina Slav

The Permian has been getting most of the headlines on U.S. shale, but there is another play in the vicinity that has been attracting more industry attention than media attention.…

Oil Demand Growth Could Start To Soften Soon

Jun 15, 2018 at 16:53 | Tsvetana Paraskova

OPEC may tout the production cuts pact as the key driver of oil market rebalancing, but if it weren’t for the strong global oil demand growth of the past three…

Venezuela Forced To Shut Down Production As Operations Fall Apart

Jun 15, 2018 at 16:51 | Nick Cunningham

Every week the crisis in Venezuela takes a turn for the worse. There are now signs that its oil industry is entering a dangerous new phase. Argus Media reports…

Who Gets Hold Of Russia’s Key Oil Hub?

Jun 15, 2018 at 16:51 | Viktor Katona

One of Russia’s most important oil ports, the sunlit Novorossiysk, has become a battleground for the country’ state-owned companies. Located in the ice-free Tsemesskaya Bay, Novorossiysk is used to stormy…

Global Energy Advisory - June 15th 2018

Jun 15, 2018 at 16:50 | Editorial Dept

Crude oil prices are back on the seesaw as the market prepares for next week’s OPEC+ meeting in Vienna. Most analysts expect the group to agree to start raising crude…

The Fourth Industrial Revolution Is On The Horizon

Jun 15, 2018 at 16:49 | Michael Kern

Just a few short years after economists and social theorists declared that we had entered the Third Industrial Revolution, the next revolution is already on the horizon. Fueled by…

Oil At A Crossroads Ahead Of Crucial OPEC Meeting

Jun 15, 2018 at 16:48 | Jim Hyerczyk

August West Texas Intermediate crude oil futures are in a position to close higher for the week as investors prepare for next week’s OPEC meeting in Vienna on June 22-23.…

Azerbaijan’s Pipeline Conundrum

Jun 15, 2018 at 16:47 | Eurasianet

Upwards of a thousand dignitaries – including the presidents of Turkey, Georgia, Azerbaijan, Ukraine, and Serbia – assembled June 12 at a barren site outside the northwestern Turkish city of…

3 Possible Outcomes From The OPEC Meeting

Jun 15, 2018 at 16:40 | Nick Cunningham

The OPEC meeting is a week away and based on the signals from the group’s top producers, the market is assuming that the group will increase oil production. However, the…

OPEC Back “In the Driver’s Seat”

Jun 15, 2018 at 13:39 | Tom Kool

Oil markets are on edge as OPEC’s June 22 meeting in Vienna quickly approaches.  (Click to enlarge) (Click…

Rig Count Falters Amid Oil Price Correction

Jun 15, 2018 at 12:23 | Julianne Geiger

Baker Hughes reported a dip in the number of active oil and gas rigs in the United States today. Oil and gas rigs decreased by 3 rigs, according to the…

240,000 Bpd Offline Following Clashes In Libya

Jun 15, 2018 at 10:01 | Irina Slav

Continuing clashes between the Libyan National Army and rival militant groups have cut Libya’s oil production by 240,000 bpd, prompting the shutdown of Libya’s two biggest oil ports, Es Sider…

U.S. Shale, OPEC To Discuss Market Balance In Vienna

Jun 15, 2018 at 09:22 | Irina Slav

As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set…

The Bullish And Bearish Case For Oil

Jun 14, 2018 at 17:10 | Nick Cunningham

Oil prices are in a holding pattern as we await the outcome of the OPEC+ meeting in a few days, and while the result of that meeting will almost completely…

Shale Drillers’ $7 Billion Hedging Error

Jun 14, 2018 at 16:28 | Tsvetana Paraskova

Oil producers are finding themselves in kind of a pickle. While oil prices are indeed on the rise, many producers are unable to take full advantage of this nicety because…

India, China Look To Form ‘Oil Buyers Club’

Jun 14, 2018 at 16:14 | Tsvetana Paraskova

India and China have discussed creating an ‘oil buyers’ club’ to be able to negotiate better prices with oil exporting countries and will be looking to import…

Petrochemicals: The Future For Big Oil

Jun 14, 2018 at 13:54 | Irina Slav

Plastics and petrochemicals are the future of Big Oil - there is hardly any question about that if by future we mean the distant future. There is still no consensus…

Saudi Arabia: Deal To Gradually Ease Cuts Is ‘Inevitable’

Jun 14, 2018 at 13:20 | Tsvetana Paraskova

It is “inevitable” that OPEC and partners will agree next week to gradually roll back some of the production cuts that have been in place since January 2017, Saudi Arabia’s…

EV Makers Receive Little Support From Trump

Jun 14, 2018 at 11:46 | Jon LeSage

Automakers are looking for states to support electric vehicle sales and charging infrastructure development — regardless of what President Donald Trump and EPA Administrator Scott Pruitt end up deciding to…

Libya’s Es Sider Terminal Shuts Down After Militant Clashes

Jun 14, 2018 at 09:34 | Irina Slav

The Es Sider oil export terminal in Libya was shut down and loadings at another one, Ras Lanuf, were suspended today after clashes between the Libyan national Army and the…

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