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Weak Diesel Prices Reflect Global Economic Slowdown

Weak Diesel Prices Reflect Global Economic Slowdown

Diesel fuel production has ramped…

Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered Says Peak Oil Demand Is Not Imminent

Standard Chartered has predicted global…

Energy

Barclays: Oil Could Rise By $7 If U.S. Sanctions Venezuela

Jul 27, 2017 at 14:26 | ZeroHedge

As discussed over the weekend, the endgame in Venezuela is accelerating and it is now only a matter of time before the Maduro regime exits, stage left, the only…

Why Are Majors Shying Away From Gazprom?

Jul 27, 2017 at 13:34 | Viktor Katona

Despite being the operator of Russia’s only operating LNG project, Sakhalin II, Gazprom has experienced quite a bit of misfortune with its pursuits. Its flagship endeavor, Shtokman LNG, ran…

Oil Rises To 8-Week High Following Unexpected U.S. Inventory Draw

Jul 27, 2017 at 12:51 | Tsvetana Paraskova

After a somewhat weak start to the Thursday session, oil prices rose to eight-week highs by noon, boosted by a stronger-than-expected inventory draw in the U.S. and pledges by…

Could Brazil Derail The OPEC Deal?

Jul 27, 2017 at 11:53 | Ron Patterson

Brazil is a major oil producing country, but in 2016 was still a net importer, though imports dropped significantly and they have been a slight exporter overall so far this…

How Oil Prices Are Held Hostage By Derivatives

Jul 27, 2017 at 10:37 | Kent Moors

The price of oil might just be the single most important number in the modern economy. Not only does it determine how much it costs you to drive to work,…

Shell Posts 700% Rise In Earnings, Prepares For ‘Lower Forever’ Oil Prices

Jul 27, 2017 at 09:12 | Irina Slav

Shell reported net earnings attributable to shareholders of US$1.92 billion for the second quarter of the year, a more than 700-percent increase from a year earlier when the figure…

Oil Rises, But Saudis Face Daunting Dilemma

Jul 26, 2017 at 16:41 | Zainab Calcuttawala

OPEC producers have reached a catch-22 in their quest to rebalance global supply fundamentals for their precious crude oil markets. While deeper cuts are necessary to bring supply and…

Saudi Arabia Growing Nervous Over OPEC Compliance

Jul 26, 2017 at 16:38 | Nick Cunningham

OPEC officials are hoping to limit the production of both Libya and Nigeria, as fears grow that the two exempted members are undermining cuts from the rest of the cartel.…

The Next Big Catalyst In The U.S. Oil Export Boom

Jul 26, 2017 at 13:39 | Irina Slav

The Louisiana Offshore Oil Port plans to start exporting crude by early next year, in the latest indication there’s an oil export boom in the world’s top oil consumer. According…

Indonesia May Return To OPEC But Won’t Cut Production

Jul 26, 2017 at 11:37 | Irina Slav

Indonesia is open to rejoining OPEC, but only if it can determine its own production levels, the country’s Energy and Mineral Resources Minister Ignasius Jonan told Reuters in an…

Trump’s U.S.-Steel Pipeline Plan To Backfire On Energy Projects

Jul 26, 2017 at 10:51 | Tsvetana Paraskova

The U.S. Department of Commerce is due to submit a plan to President Donald Trump regarding a presidential memorandum on the use of American-made steel and iron products in pipelines.…

Strong Draw In Crude Inventories Boosts Oil Prices

Jul 26, 2017 at 09:50 | Irina Slav

The Energy Information Administration once again helped to lift oil market spirits this week by reporting another hefty decline in U.S. commercial crude oil inventories for the week ending…

Shortage Of Fracking Crews Slows The Shale Boom

Jul 25, 2017 at 17:12 | Nick Cunningham

The resurgence in shale drilling and production could be bumping up against some limits, with output expected to fall far short of market expectations for this year and next, according…

Will The UAE Further Boost Its OPEC Compliance?

Jul 25, 2017 at 16:28 | Julianne Geiger

Following Saudi Arabia’s pledge to do the same, the United Arab Emirates announced on Tuesday its plans to reduce oil exports beginning in September of this year. The announcement was…

Why U.S. Shale Drillers Can’t Sell Their Gas

Jul 25, 2017 at 14:15 | Irina Slav

Natural gas output from the U.S. shale formations is at a record high. So are recoverable gas reserves, according to the Potential Gas Committee. This sounds like good news…

New Regulations May Come As A Rude Awakening For Oil Companies

Jul 25, 2017 at 14:10 | Dwayne Purvis

An agency little-known outside accounting circles recently issued draft rules to change the standards which govern the verification of the year-end oil and gas reserves of public companies. The change…

Saudi Arabia Regains Influence Over Oil Markets

Jul 25, 2017 at 13:50 | Tom Kool

Oil prices have spiked at the start of this week, with Brent breaking through the $50 mark in response to Saudi Arabia's promises to cut more oil and its determination…

Oil Prices Spike In Spite Of Bearish EIA Forecast

Jul 25, 2017 at 11:46 | Tsvetana Paraskova

Oil prices have faced increased pressure in 2017; if it’s not Nigeria and Libya output, it’s US shale. If it’s not US shale, it’s predictions of weakening demand. If it’s…

Anadarko Blinks First In The Shale Standoff

Jul 25, 2017 at 10:26 | ZeroHedge

It appears that Horseman Global's Russell Clark may have been spot on with his bearish take on the US shale sector. As a reminder, in his latest letter to…

Russian Oil Minister: Global Glut Shrunk By 350 Million Barrels

Jul 25, 2017 at 09:39 | Irina Slav

Russia’s Energy Minister Alexander Novak said yesterday that over the last six months, global crude oil supply has shrunk by 350 million barrels thanks to the production-cutting efforts of…

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