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Energy

Canada Is Facing A Heavy Crude Crisis

Mar 16, 2018 at 09:30 | Tsvetana Paraskova

Canada’s benchmark heavy crude oil widened its discount to WTI to the largest in six trading sessions on Thursday, as additional storage capacity in Alberta and data about lower…

U.S. Shale’s Dirty Secret

Mar 15, 2018 at 16:29 | Nick Cunningham

U.S. shale is surging, threatening to take even more market share away from OPEC. But the prospect of U.S. oil edging out barrels from the Middle East is not nearly…

The Single Largest Supply Risk In Oil Markets

Mar 15, 2018 at 14:45 | Nick Cunningham

Venezuela could be the reason that “tips the market decisively into deficit,” the International Energy Agency said in a new report. Venezuela lost another 60,000 barrels per day (bpd) in…

Two LNG Giants Race For The Same Gas

Mar 15, 2018 at 14:36 | Irina Slav

Two of the biggest LNG projects in the world are due to start production this year, both offshore Australia: Japanese Inpex’s US$34-billion Ichthys development, and Shell’s US$14-billion Prelude FLNG…

UK Looks To Ditch Russian Gas After Spy Scandal

Mar 15, 2018 at 14:24 | Tsvetana Paraskova

The UK-Russian relations have quickly deteriorated over the past week after the UK said that a former double agent and his daughter were poisoned in England by a military-grade nerve…

Is OPEC Producing More Oil Than It Claims?

Mar 15, 2018 at 12:25 | Ron Patterson

The March OPEC Monthly Oil Market Report is out with the February production data. All data is through February 2018 and is in thousand barrels per day.

The Oil Canal That May Never Be

Mar 15, 2018 at 11:51 | Gary Norman

People have conceived of linking the gulf of Thailand with the Andaman sea for around 300 years but, as of yet, such plans have remained firmly in the realm of…

Russia Could Pull The Plug On The OPEC Deal

Mar 15, 2018 at 10:46 | Irina Slav

Russia could pull out of the OPEC oil production cut deal before the end of 2018—or right after—as it has no obligation to stick with it, Iran’s Energy Minister, Bijan…

Heavy Sweet Crude Is Heading For A Supply Crisis

Mar 15, 2018 at 09:46 | Matt Smith

'IMO 2020' is going to usher in a mammoth sea change for the global petroleum market. On January 1, 2020, the International Maritime Organization (hark, IMO) - the agency that…

How Will OPEC React To Soaring Shale Production?

Mar 14, 2018 at 16:51 | Nick Cunningham

OPEC has finally acknowledged what everybody else had concluded some time ago: U.S. shale output is soaring. In its March Oil Market Report, OPEC revised up its forecast of…

The Oil Giant That Investors Ignore

Mar 14, 2018 at 14:54 | Irina Slav

PetroChina, the public division of China’s state giant CNPC, has quietly become the third-largest oil and gas company globally, with a market cap exceeding Chevron’s since the start of this…

Is Another Oil Price War Looming?

Mar 14, 2018 at 14:43 | Robert Rapier

Recently, the Energy Information Administration (EIA), the International Energy Agency (IEA) and BP updated their outlooks for U.S. oil production. All of these projections have one thing in common: Over…

How Oil Drives The South China Sea Conflict

Mar 14, 2018 at 14:32 | Tim Daiss

While it’s no secret that China has been intensifying its building frenzy, including military installations on islands, reefs and inlets in the heavily disputed South China Sea, it is also…

The Shale Boom: 100 Million Years In The Making

Mar 14, 2018 at 14:30 | Tsvetana Paraskova

The great oil and gas formations that U.S. shale drillers thrive on have reportedly been traced back to volcanic eruptions from the time of the dinosaurs, over 100 million years…

The Power Has Shifted In LNG Markets

Mar 14, 2018 at 11:23 | Tim Daiss

One of the most influential figures in the LNG market has claimed that a return to long-term LNG contracts is crucial for the sector. It was a statement that most…

Alberta Ready To Fight For Trans Mountain Oil Pipeline

Mar 14, 2018 at 10:29 | Irina Slav

The Alberta parliament unanimously voted in favor of Premier Rachel Notley’s motion in support of the Trans Mountain oil pipeline expansion project, with politicians from different parties sharing the…

EIA Stuns Oil Market With Huge Inventory Build

Mar 14, 2018 at 09:45 | Irina Slav

After plunging oil bulls into deeper gloom by forecasting a 131,000-bpd jump in shale oil production next month, the Energy Information Administration reported a 5-million-barrel increase in crude…

Chinese Oil Production Hits Record Low

Mar 14, 2018 at 09:26 | Tsvetana Paraskova

Ageing fields and high production costs dragged down China’s domestic crude oil production in January and February, on par with the lowest level on record according to Chinese government…

Post Tillerson: Is The Iran Nuclear Deal At Risk?

Mar 13, 2018 at 15:40 | Nick Cunningham

President Donald Trump sacked Secretary of State Rex Tillerson via Twitter on Tuesday, replacing him with current CIA Director Mike Pompeo. The move has some grim implications for the U.S.’…

Which Oil Major Has The Best Investment Strategy?

Mar 13, 2018 at 15:38 | Tsvetana Paraskova

Now that the downturn is over, oil majors are eager to show the market that they have adapted to generate more profits and return those profits to shareholders. Three major…

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