This week, the Environmental Protection…
Oil markets were looking forward…
Illinois' goal of having one…
In a statement, the joint committee of seven oil ministers from the parties to the cut said that the deal could be extended for another six months, depending on…
OPEC’s worries about the booming U.S. oil production have increased significantly with the big three oil companies’ interest in shale. Exxon Mobil Corp., Royal Dutch Shell Plc, and Chevron Corp.,…
Private equity funds are back in the oil game with piles of cash to spend, emboldened by oil prices of around $50 a barrel, even though WTI has in the…
Italian oil company Eni drilled the first well by an international oil company in Mexican waters, and on March 23 they said the well indicated a “meaningful” volume of oil.…
The self-driving car race has been intensive, especially recently, with new partnerships being announced on a regular basis as tech companies team up with carmakers to stake a claim in…
Climate change may not be a significant factor in the decision-making processes of the United States government, according to the White House. As per a directive signed by President Donald…
In a previous post on U.S. LTO future output there were suggestions that a bottom up approach might be better than the top down approach and I agree. I…
Norwegian crude oil extraction peaked in 2001 at 3.12 Million barrels per day (Mb/d) and in 2016 it was 1.62 Mb/d, growing from 1.57 Mb/d in 2015 and 1,46 Mb/d…
I know that many of the oil analysts out there have gone weak on me. Unable to believe in the inevitable re-balancing of the oil market, they continue to see…
Regular readers of my ramblings will be aware that I don’t believe that this drop in oil will be of any long term significance. It is understandable, for sure, as…
Friday March 24, 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…
It’s been a relatively quiet week in the crude oil market with prices continuing to drift lower in search of a balance point. The stories driving the price action didn’t…
- Crude oil’s drop back into the high $40s has renewed concerns that efficiency gains from North American frackers will lead to another low/mid $40s scenario for WTI. We feel…
Oil prices fell this week on oversupply concerns and while certain OPEC members have showed interest in extending the current deal, a new deal is far from certain
The United States oil rig count jumped by 21 this week, to its highest level since September 2015, according to Baker Hughes’ latest rig on domestic drilling activity. The…
TransCanada Corporation said on Friday that the U.S. Department of State had signed and issued a Presidential permit authorizing the company to construct and operate the Keystone XL pipeline.…
Big developments this week on a new challenge quickly rising for the energy industry… and beyond. Climate change reporting. ExxonMobil lost a key decision in an ongoing climate change battle…
From casual observation, one might be forgiven for referring to the OPEC production cut in place since November 2016 as the “Saudi production cut.” That’s because Saudi Arabia, OPEC’s leading…
Since Nikola Tesla and George Westinghouse lit up Buffalo from Niagara Falls at the end of the 19th century, electricity has been an integral part of American life, heating…
Venezuela’s economic crisis continues to deepen. The South American OPEC member is thought to be sitting on nearly 300 billion barrels of oil, far more than any other country…