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Energy

The War On Coal Is Over

Jun 05, 2017 at 11:55 | Leonard Hyman & William Tilles

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’s Next Move: Expanding The Cartel

Jun 05, 2017 at 11:11 | Irina Slav

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…

How Brazil’s Latest Oil Gamble May Backfire

Jun 05, 2017 at 10:11 | Dave Forest

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 Markets On Edge As Arab States Cut Ties With Qatar

Jun 05, 2017 at 09:47 | Tsvetana Paraskova

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…

Worst Hurricane Season In A Decade Threatens Gulf Coast Production

Jun 02, 2017 at 17:04 | Nick Cunningham

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

Are Super Rigs The Driver Behind The New Shale Boom?

Jun 02, 2017 at 16:47 | Tsvetana Paraskova

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…

Are Oil Markets Becoming Untradeable?

Jun 02, 2017 at 16:37 | Brian Noble

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…

Will Trump’s Paris Agreement Decision Help Or Hurt The Energy Sector?

Jun 02, 2017 at 16:23 | Gregory Brew

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…

Aramco Aims To Take Over The Offshore Rig Market

Jun 02, 2017 at 16:06 | Cyril Widdershoven

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…

EIA Ups Global Oil Production Forecast

Jun 02, 2017 at 15:56 | Ron Patterson

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…

OPEC Cuts Send Russia’s Oil Heartland Into Decline

Jun 02, 2017 at 15:54 | Irina Slav

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…

Interest In Mexico’s Offshore Blocks Is Surging

Jun 02, 2017 at 15:50 | Oil & Gas 360

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…

The OPEC Extension Is Already Under Threat

Jun 02, 2017 at 15:42 | Osama Rizvi

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…

What Exiting The Paris Agreement Means For U.S. Utilities

Jun 02, 2017 at 15:36 | Leonard Hyman & William Tilles

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,…

Oil’s Next Tug Of War

Jun 02, 2017 at 15:31 | SCS OTC Corp

- 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…

The Oil Market Is Destined To Re-Balance

Jun 02, 2017 at 14:32 | Dan Dicker

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…

The Market Ignored the Paris Accord Announcement And You Should Too

Jun 02, 2017 at 14:28 | Martin Tillier

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…

OPEC Faces Daunting Task To Drain U.S. Inventories

Jun 02, 2017 at 14:25 | Editorial Dept

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…

Global Energy Advisory June 2, 2017

Jun 02, 2017 at 14:13 | Editorial Dept

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…

Are Oil Markets Rangebound Again?

Jun 02, 2017 at 14:07 | Jim Hyerczyk

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…

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