Radia's WindRunner cargo plane design…
Advanced economies are heavily reliant…
A pick-up in freight activity…
The on-going diplomatic feud in the Persian Gulf pitting Qatar against a coalition of Arab states led by Saudi Arabia has already disrupted regional affairs to a significant extent: economic…
Many oil majors have steered their strategies and investments into natural gas, aiming to seize the projected global gas demand growth as the world shifts away from coal-fired power generation.…
The largest and oldest-producing gas field in Western Europe, the Groningen field, is on the verge of being shut down. If that happens, it will entail the tumbling of Netherlands'…
Despite U.S. oil stocks falling 7.6 million barrels, the biggest drop since September, a recent Financial Times article reports, quoting U.S. Energy Information Administration data, that the oil price is…
The U.S. Department of the Treasury said on Thursday that it is imposing a US$2-million civil monetary penalty against ExxonMobil and some of its subsidiaries for having breached Ukraine-related…
We are entering a new age of American energy dominance according to Energy Secretary Rick Perry. President Trump reflected that view in comments he made last week that “…we’ve got underneath…
Like many industries today, the oil industry is trying to sell its many job opportunities to the fastest growing portion of the global workforce: Millennials. But unlike any other industry,…
Arctic oil drilling may be controversial and expensive—and is generally not a top priority in the energy industry—but Italy’s energy major Eni begs to differ. The company last week received…
Saudi Arabia reported a progressive decline in domestic crude stocks for 16 of the 19 months between November 2015 and May 2017, according to a new report by Reuters.…
Last month the BP Statistical Review of World Energy 2017 was released. This report gives us the opportunity to review the big picture when it comes to global energy supply and demand.…
Large hedge firms that had banked on an oil price recovery in the first half of 2017 are now reeling from the effects of a bearish market that shows…
The Energy Information Administration offered jittery oil markets respite today by reporting a draw of 4.7 million barrels in U.S. commercial oil inventories. The report comes just one day…
In a desperate bid to survive its economic meltdown, Venezuela is lobbying other OPEC members to agree to steeper oil production cuts, a move that would likely lead to higher…
Late on Monday the oil world was shocked to learn that Ecuador planned on exceeding its OPEC production quota, publicly breaking from the supply cuts agreed to in November 2016…
Ecuador announced its withdrawal from the OPEC agreement this week, a move that could shake the foundation of a deal that was already starting to show some cracks. "We need…
One month ago, we reported that based on recent data, June oil output from shale producers would post the first double-digit production growth since July of 2015, when…
The last couple of years have been turbulent for the international oil market and all of its players. But there are signs that the waters are beginning to calm, as…
(Click to enlarge) (Click to enlarge) Chart of the Week:(Click to enlarge) •…
On Sunday 9th, 2017 Venezuela hit a hundred days of anti-dictatorial regime demonstrations. Hundreds of thousands of Venezuelans have taken over main streets and roads demanding a new presidential election,…
Although the oil market is taking longer than anticipated to return to balance, the oversupply should be cleared by the time OPEC’s cuts expire at the end of March next…