Standard Chartered has predicted global…
Crude oil prices moved lower…
Oil prices surged above $90…
Brent crude, the international benchmark, closed above US$64 a barrel for the first time since mid-2015 yesterday, and WTI settled at over US$57 as a string of political arrests…
Comparative inventory (C.I.) has been dramatically reduced in 2017. Levels have fallen 159 mmb since February and are now approaching the 5-year average for the first time in nearly 3…
Saudi Arabia’s powerful crown prince led a massive purge over the weekend, ousting around a dozen royal cousins in a bid to consolidate power. The removal and detentions of…
Rosneft chief executive Igor Sechin announced that his company signed a roadmap to invest the mind-numbingly large sum of $30 billion in the Iranian energy sector following his and…
A power-play by the most powerful man in Saudi Arabia took place over the weekend, with big repercussions for the future of the country that is OPEC’s de factor…
Oil prices hit two-year-highs on Monday amid signs of continuously tightening markets and strong signals from Saudi Arabia and Russia that they are willing to extend their production cut deal…
A consortium involving Shell, BP, and Statoil is working on the development of a blockchain-based energy commodity trading platform, along with three large commodity traders—Gunvor, Koch Supply & Trading, and…
A string of arrests of senior government officials in Saudi Arabia has also struck Aramco board member Ibrahim al-Assaf, a former Finance Minister in the Kingdom. The situation apparently…
Last week, a Bloomberg energy journalist tweeted from Riyadh, wondering why there are no mass celebrations of the fact that Brent was coming closer to $60 a barrel. Now that…
The fortunes of oil and gas producers have been dramatically different from metal producers this year. Energy prices have been lackluster, and energy stocks have fared even worse. Meanwhile, prices…
The debt situation is coming to a head in Venezuela. The Venezuelan economy has been in shambles for years, plumbing new depths when it seems that things cannot get any…
Oil companies have recently focused on frontier exploration drilling in the Barents Sea offshore in Norway, neglecting the powerhouse of the Norwegian oil industry, the North Sea. Exploration activity in…
(Click to enlarge) (Click to enlarge)The EIA released the latest edition of their Electric Power Monthly…
Ukraine has entered a new heating season with almost 17 billion cubic meters (bcm) of natural gas stored in its underground reservoirs, according to Ukrtransgaz, the gas transportation and storage…
We’re at a very important time, for our trading purposes – one that requires some discipline and experience to manage. I’ve always called this moment “riding the wave”. We’ve done…
Most retail investors come to trading in their accounts by way of investing, and that can sometimes limit their view of what is an acceptable trade. There is a difference…
Friday November 3, 2017 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…
Venezuela narrowly escaped a debt default this week after making a last-minute payment on a $1.2-billion bond that was due last Thursday. The payment, to the tune of $842 million,…
January West Texas Intermediate crude oil futures are in a position to post another strong close on the weekly chart. Speculation that the OPEC-led program to cut production, trim the…
Positive sentiment continues to drive oil markets as the OPEC meeting nears and U.S. oil rigs continue to decline. Oil prices have maintained their gains and are showing signs of heading even…