Scientists are using magnetic imperfections…
Despite extensive U.S. sanctions, Iran's…
China, facing US threats of…
Brent oil prices topped $75 in early trading on Tuesday as the market grows increasingly worried that the chance of renewed U.S. sanctions on Iran is growing and as Tehran…
Last week, oil prices hit their highest level since late 2014 on the back of continued global and U.S. stockpile drawdowns and expectations that oil demand growth will stay strong…
OPEC’s spare capacity is not what it once was, a development that opens up a larger upside risk to oil prices. A constant feature of the oil market is the…
In late 2016 OPEC engineered significant oil production cuts in order to address an oversupplied oil market. Global crude oil inventories had reached record highs, and the price of oil…
Gazprom Neft, Russia’s fourth largest oil producer, has big plans for its Arctic oil operations, and it seems that neither sanctions nor production cuts can force it to quit its…
After the roil in global oil markets between 2015 and 2017 sent oil prices tumbling from more than $100 per barrel in mid-2014 to below the $30 per barrel mark…
Money managers have amassed close to record long positions in the six-major oil-linked futures and option contracts, and the ratio of longs to shorts is even higher than when it…
After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink.…
The Yemeni Houthis have captured 19 oil tankers and are keeping them from entering the Hodeidah port, according to reports from Saudi media quoting the Kingdom’s ambassador in Yemen. The…
The pipeline feeding crude from the Waha oil field into Libya’s Es Sider export terminal has been shut down for repairs after a fire broke out during the weekend. An…
Saudi Arabia is rumored to want oil prices at $100 per barrel, but if prices rise that high, it could sow the seeds of the next downturn. Saudi officials…
Oil has rallied sharply in recent days to see West Texas Intermediate (WTI) trading at just under $70 per barrel and Brent breaking through the $70 per barrel mark, with…
ConocoPhillips is coming off of an incredible exploration season, reportedly the best they’ve had in over a decade, and they have Alaskan oil to thank for it. The company…
The rapid growth of the renewable energy sector has been astonishing. Renewables have been the fastest-growing sources of energy worldwide – and we’re seeing solar power coming in first as…
A few years ago, there was a lot of talk about a Chinese shale revolution as the country’s fast-growing demand for natural gas sparked enthusiasm in the exploration of its…
Oil prices are now as high as they have been for three years. At this writing, Brent is $74.14 per barrel and West Texas Intermediate is at $68.76. These prices…
Colombia’s energy sector is caught in a series of crises. The prolonged slump in oil since the end of 2014 saw investment in the sector, which is critical to…
Oh no, here we go! This morning, Donald Trump, who seems to be constantly looking for a controversy to deflect from the gathering clouds of the Mueller investigation, decided to…
Friday April 20, 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…
The plot around Canada’s Trans-Mountain oil pipeline expansion has thickened to the point that nobody can say anymore whether the project will survive or go under. If the latest remarks…