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The Renewable Energy Boom Has a Waste Problem

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The rapid growth of renewable…

Why Shell Has Soured on The London Stock Exchange

Why Shell Has Soured on The London Stock Exchange

British multinational oil & gas…

Energy

Is China’s Oil Demand Growth About To Plummet?

May 24, 2017 at 13:26 | ZeroHedge

When OPEC sits down on Thursday, keeping the price of Brent above $50 (to avoid a budget catastrophe and social upheaval in Saudi Arabia) and below $60 (to prevent US…

Can Private Investment Turn Mexico’s Ailing Oil Industry Around?

May 24, 2017 at 13:18 | Haley Zaremba

Five years after Mexican President Enrique Peña Nieto made campaign promises to open his country’s oil reserves to foreign interests, a private well been has drilled in Mexico for the…

China Opens Up To Foreign Investment In Oil Sector

May 24, 2017 at 12:24 | Oil & Gas 360

China has said it will allow private companies to invest in the country’s oil and gas storage sector, the government said in a document laying out changes it plans to…

OPEC Monitoring Committee Proposes Nine-Month Extension

May 24, 2017 at 11:29 | ZeroHedge

In the end, the OPEC Vienna meeting - which technically won't conclude until tomorrow - was anticlimatic, with the recommendation by Joint OPEC-Non-OPEC Ministerial Monitoring Committee in line with what…

Private Equity Employs Unusual New Strategy In Oil & Gas

May 24, 2017 at 10:35 | Dave Forest

I’ve written a lot recently about the surge in private equity for natural resources. With PE firms in the energy space being particularly dominant — holding an estimated $156…

Oil Prices Spike On Strong Crude Inventory Draw

May 24, 2017 at 09:47 | Irina Slav

A day before OPEC’s meeting in Vienna, where the cartel should announce officially the nine-month extension to its crude oil production cut deal, the Energy Information Administration added to optimism…

Iraq Could Make Or Break The OPEC Deal

May 23, 2017 at 15:53 | Nick Cunningham

The markets are betting that the OPEC extension is all but guaranteed after Saudi Arabia and Russia announced their intention to support a nine-month extension. Saudi energy minister Khalid al-Falih…

Saudi Finance Minister: “I Wouldn't Care If The Oil Price Is Zero"

May 23, 2017 at 15:45 | Haley Zaremba

The Saudi Deputy Crown Prince Mohammed bin Salman unveiled the nation’s ambitious “Vision 2030” in an interview with Al-Arabiya in April. The roadmap lays out a wide variety of economic…

Is Canada’s Oil Production Ready For A Resurgence?

May 23, 2017 at 15:40 | Haley Zaremba

Last week two right-wing parties in Canada’s oil-rich Alberta province signed a tentative agreement to merge, creating a unified front to oppose the ruling New Democratic Party. The Progressive Conservative…

Saudi Arabia Signs $50 Billion Worth Of Oil Deals With The U.S.

May 23, 2017 at 13:23 | Tsvetana Paraskova

U.S. companies signed billions of dollars worth of deals with Saudi Arabia’s oil and gas industry during President Donald Trump’s visit to the Kingdom over the weekend, boosting bilateral business…

The Battle For Natural Gas Dominance In Russia

May 23, 2017 at 13:18 | Nicholas Trickett

It’s no secret that Gazprom has been fending off challenges to its monopolist position as a natural gas exporter for some time now. Rosneft and Novatek gained the right to…

OPEC Deal: 9-Month Extension Looking Increasingly Likely

May 23, 2017 at 12:57 | Tom Kool

Markets are reacting favorably as OPEC hints at a 9-month extension of its production cut deal with the May 25 meeting just around the corner.

OPEC Optimism Lifts Oil Prices To One-Month High

May 23, 2017 at 11:28 | Matt Smith

Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that…

Kuwait: Deeper Cuts Are On The Table

May 23, 2017 at 11:01 | Tsvetana Paraskova

OPEC is committed to restore the balance of the oil market and is not ruling out any option for discussion at the upcoming meeting on Thursday, including considering deeper cuts,…

Trump To Sell Half The Strategic Petroleum Reserve

May 23, 2017 at 09:42 | Irina Slav

In a release of part of the draft budget for fiscal 2018, the Trump administration has proposed halving the strategic petroleum reserve, which will raise some US$500 million …

The 5 Possible Outcomes Of The OPEC Meeting

May 22, 2017 at 14:01 | Nick Cunningham

The highly-anticipated OPEC meeting will take place this week, but unlike the last few meetings, the hype and excitement is much less palpable. That is largely because the end result…

Saudi vs Shale: The Breakeven Myth

May 22, 2017 at 14:00 | Irina Slav

Saudi Arabia is well known for its super low production costs for oil. In fact, its oil is almost the cheapest to extract. Only Kuwait sports even lower costs, according…

Canada And Brazil Could Jeopardize Oil Market Balance

May 22, 2017 at 13:42 | Tsvetana Paraskova

As OPEC and its partners prepare to reveal the details of what most expect to be an output cut extension, all eyes in the oil industry are on U.S. shale…

Russia And The Saudis: An Oil Marriage Of Convenience

May 22, 2017 at 13:34 | Gregory Brew

President Donald Trump’s visit to Saudi Arabia last week was full of pageantry, defense agreements and rhetoric extolling the decades-long Saudi-US alignment. Among the various strategic interests bringing Riyadh and…

Venezuela: The Brutal Consequences Of Oil Addiction

May 22, 2017 at 13:27 | Haley Zaremba

Oil prices continue to waver after an 18-month slump, and the world’s most oil-dependent nations are feeling the effects. Saudi Arabia, home of the world’s biggest oil company Saudi Aramco,…

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