TotalEnergies CEO Pouyanne has predicted…
Heat pumps are gaining popularity…
While U.S. and European automakers…
Crude oil flows from Kurdistan to Turkey’s port city of Ceyhan continued at rates of between 200,000 and 250,000 bpd over the weekend, versus a normal flow of between
The next few weeks for Venezuela will be crucial, as it could struggle to meet a huge stack of debt payments. Reports that the nation’s oil production is experiencing deteriorating…
Division among the world’s biggest oil traders indicates the strong degree of uncertainty in the market. According to Bloomberg, questions over demand growth, relative production from the U.S. and…
For much of the past two decades, China has been the main driver of global oil demand growth. In the coming two to three decades, China is expected to become…
Last quarter, offshore drilling rig companies retired more rigs than ever before in a three-month period, according to one energy advisory firm. Embattled Transocean is sending six floating rigs…
Colombia Colombia production is holding a plateau over the past year after a large decline in the last part of 2015 and first half of 2016. August value was 858…
Last week some comments from OPEC Secretary General Mohammed Barkindo signaled that OPEC may not understand how the U.S. oil industry functions. Reuters reports that Barkindo urged cooperation from U.S. shale oil producers to…
I was recently asked to give a talk called, “The Approaching US Energy-Economic Crisis.” In other words, how might the United States encounter problems that lead to a crisis?…
The European Bank of Reconstruction and Development’s board on October 18 approved $500 million in funding for the Azerbaijan-led TANAP pipeline, which will facilitate the delivery of Caspian Basin natural…
It’s that time again! A few weeks after the end of each calendar quarter-year, we enter what is known as earnings season, when quarterly results for corporations come thick and…
This week in oil news continue to deliver nothing but ‘green lights’ for investors, and keeps me convinced as I have been for several weeks now that every dip in…
Friday October 20, 2016 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…
Russia’s largest oil company, Rosneft, has signed production-sharing agreements for five oil blocks in the Kurdistan Autonomous Region of Iraq. Any other week this would have been nothing more than…
December West Texas Intermediate crude oil is in a position to close lower for the week as investors continue to wait for enough bullish news to drive the market out…
Oil seems to have found a relative bottom after the declines over the past few weeks, with WTI firming up at the $50-per-barrel level.
The number of active oil and gas rigs in the United States took a steep dive this week, dipping 15 rigs—the third straight weekly loss. The total oil and…
A lot of activity the past few days in Pennsylvania: home of the Marcellus shale, arguably the world’s best-performing unconventional natural gas and liquids play right now. And it looks…
The original shale gas play, the one that kicked off the shale drilling bonanza a decade ago but then went into decline, is getting a new lease on life. The…
Together, Russia and Saudi Arabia produce a fourth of the world’s oil. The laws of competitive international commodity trading have pit the two petrostates on opposite poles of the…
After over 40 years in the energy business, more than two decades of that with a parallel career in intelligence, I regularly witness the impact of global developments on the…