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Article Archive | Page 1094

Can The Permian Push Prices Down To $40?

Aug 14, 2017 at 15:56

Two analyst firms have revised upwards their production growth forecasts for the Permian, expecting oil output there to be 300,000 bpd higher by the end of this year. The…

Oil Tycoon Pushes For Venezuela Sanctions

Aug 14, 2017 at 14:25

The U.S. has stepped up sanctions against Venezuelan individuals in the wake of the July vote in Venezuela aimed at rewriting the constitution, which is further eroding democracy in the…

U.S. Gasoline Demand At All-Time High

Aug 14, 2017 at 14:20

Given all the media hype about peak oil demand — which is supposed to come about largely as a result of the explosive growth of electric vehicles (EVs) — you…

Is Trump Gearing Up To End The Iran Nuclear Deal?

Aug 14, 2017 at 14:15

Jack Thompson and Oliver Thränert argue that President Trump´s administration is laying the groundwork for the U.S. to withdraw from the Iran nuclear deal. However, they suggest that if the…

China Ups Pressure On North Korea With Ban On Coal Imports

Aug 14, 2017 at 13:56

China's Ministry of Commerce said that Beijing will halt imports of coal, iron, iron ore and seafood from North Korea starting on Tuesday, cutting an important economic lifeline for the…

Oil Prices Slip As Chinese Crude Demand Loses Momentum

Aug 14, 2017 at 11:57

Slowly but surely, what we have claimed for the past year - that it is the demand side of the oil equation, not the supply, and especially the "Chinese wildcard" that…

This Copper Giant Is Buying Into An Unexpected Frontier

Aug 14, 2017 at 11:31

Copper has been one of the best-performing commodities of the last few months. With the red metal up over 15 percent since late May, to a current $2.88 per pound.…

Oil Prices Inch Higher As Libya Closes Crude Export Terminal

Aug 14, 2017 at 10:27

The Zueitina oil terminal in Libya has ceased loading cargos as port workers protest, demanding better working conditions, Bloomberg quoted the head of the workers’ union Merhi Abridan as…

Higher Oil Prices Slash Saudi Deficit

Aug 14, 2017 at 09:23

The Saudi Finance Minister has announced an annual decline in the budget deficit for the first half of the year thanks to higher oil prices in the period. At…

Will Oil Markets Rebalance Before The OPEC Deal Expires?

Aug 11, 2017 at 16:08

The oil market is still on track to rebalance, although the pace is “stubborn” and will still take some time, the IEA said in a new report. Market sentiment…

Is OPEC Counting Too Much On Venezuela Sanctions?

Aug 11, 2017 at 16:08

The Organization of Petroleum Exporting Countries (OPEC) released its monthly oil market report on Thursday, and the news was enough to send WTI below $50 after…

Brazil’s Pre-Salt Extraction Costs Fall To $8 Per Barrel

Aug 11, 2017 at 16:04

Not too long ago Brazilian state oil company Petrobras was the most indebted oil & gas company in the world. The long-suffering company has faced dire mismanagement while being…

Is LNG Moving From A Buyers’ To A Sellers’ Market?

Aug 11, 2017 at 16:03

When Petronas announced the cancellation of its biggest investment abroad, its US$28-billion Pacific NorthWest LNG project, the news sounded an alarm for the LNG industry, which is already plagued…

Little-Known Driller Dives Into Perilous Venezuelan Oil Market

Aug 11, 2017 at 16:03

Two weeks before he held a vote to set up an assembly to re-write the constitution—further undermining democracy—Venezuelan President Nicolas Maduro hosted the signing of a contract with a small…

Could Bitcoin Provide A Hedge Against Venezuela’s Failing Oil Industry?

Aug 11, 2017 at 16:00

Protests continue to rage in Venezuela as inflation soars to unprecedented levels and the price of oil remains low. The country’s national currency is now worth less than fictional…

Automotive Giants Are Betting Big On Ride Sharing Tech

Aug 11, 2017 at 16:00

A new study is showing consumers are starting to prefer shared mobility services over owning a car and stopping off at a gas station. The study by University of…

How To Play The Energy Market As Global Tensions Rise

Aug 11, 2017 at 15:57

Much of my earlier career in intelligence was based on a simple assumption. It was the kind of approach the “craft” shares with a number of other pursuits. One expects…

U.S. Energy Expenditure Level Lowest In Over A Decade

Aug 11, 2017 at 15:56

The EIA reported today that the U.S.’s expenditures for delivered energy totaled $1.127 trillion, or 6.2 percent of the nation’s GDP, in 2015—the lowest since 2004. The decrease was approximately…

U.S. Electricity Sales Projections Continue to Fall

Aug 11, 2017 at 15:56

Electricity producers and distributors are in an unusual business. The product they provide is available to all customers instantaneously, literally at the flip of a switch. But the large amount…

Azerbaijan-Turkmenistan Aim To Solidify Energy Partnership

Aug 11, 2017 at 15:56

Azerbaijan and Turkmenistan have declared themselves strategic partners as the two sides try to cooperate on shipping energy to Europe while still in conflict over a disputed hydrocarbon deposit. Turkmenistan…

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