The crude oil net long…
Standard Chartered has predicted global…
China is finishing the Al-Faw…
The war on coal has ended. Not because the U.S. exempted itself from the Paris Climate Accord, nor because President Obama no longer sits in the Oval Office. "King Coal"…
OPEC is working on establishing a legal relationship with its partners in the crude oil production cut agreement. This would mean a larger oil cartel controlling possibly more than half…
Last week I described my unplanned stop in Brazil, part of my recent jaunt through South America. Where a plane breakdown, an unfolding corruption scandal, and a massive strike by…
Oil prices were off to a jumpy start in volatile trade on Monday after Saudi Arabia and five other Arab nations severed diplomatic ties with Qatar, accusing it of sponsoring…
2017 could be an “above-normal” year for large hurricanes, according to the National Oceanic and Atmospheric Administration (NOAA), a potential problem for Gulf Coast oil drillers and refiners. NOAA
Cost cuts and efficiency—the two key ingredients of the U.S. shale’s recipe for surviving the worst of the downturn—have led to drillers now employing a growing number of rigs capable…
Could it be that it’s been a case of ‘sound and fury signifying nothing’? According to technical analyst Chris Verrone of Strategas in New York, the crude oil/WTI complex has…
President Donald Trump’s decision to take the United States out of the Paris climate agreement, which he announced before an audience outside the White House on Thursday, has been met…
After several years of discussing the possibility of setting up a new shipyard in Saudi Arabia, the Kingdom’s national oil company, Saudi Aramco, has entered into a new adventure. As…
The EIA recently updated its International Petroleum statistics. World Crude plus Condensate (C+C) output was 80,577 kb/d in Feb 2017 an increase of…
Western Siberia is to Russia what the Permian is to the U.S. Well, kind of. Kind of in a sense that it’s one of the longest-producing oil regions and there’s…
25 companies pre-qualified for upcoming lease sale The Comisión Nacional de Hidrocarburos (CNH), which will conduct the lease sale, has listed a total of 25 groups that have successfully pre-qualified…
Rising production from both U.S. shale and Libya has been playing havoc with oil prices of-late. The possibility of a strong Summer Driving Season, which may subsequently lead to…
Even businesses with a vested interested in denying the vitality of the green energy movement have begun to recognize its potential. The head of Aramco, Saudi Arabia’s state oil company,…
- WTI and brent suffered more losses this week despite two strong excuses to rally. Firstly, EIA data delivered the type of numbers that bulls have been waiting for all…
It’s been one week after the ‘magic’ oil supply deal was extended between OPEC members and Russia and it’s been followed by just about the most pessimistic response I’ve ever…
I come from a background where news is important. In the minutes preceding a scheduled major announcement of any kind, an eerie quiet would descend on the normally brash and…
Friday June 2, 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…
Goodbye Paris—Hello Syria, NicaraguaU.S. President Donald Trump has announced that the U.S. will leave the Paris Agreement on climate change. This aligns the U.S.—on this particular playing field--with…
September West Texas Intermediate Crude Oil futures struggled on the upside from the start and are likely to finish lower for the week. The selling started on Tuesday after the…