Article Archive | Page 1099

Jul 18, 2017 at 13:19

(Click to enlarge) (Click to enlarge)  Chart of the Week:(Click to enlarge) •…

Jul 18, 2017 at 12:00

On Sunday 9th, 2017 Venezuela hit a hundred days of anti-dictatorial regime demonstrations. Hundreds of thousands of Venezuelans have taken over main streets and roads demanding a new presidential election,…

Jul 18, 2017 at 10:08

Although the oil market is taking longer than anticipated to return to balance, the oversupply should be cleared by the time OPEC’s cuts expire at the end of March next…

Jul 18, 2017 at 09:26

Iran is on track to reach a major national milestone this year, if the nation’s oil spokesmen are to be believed. On Wednesday deputy oil minister Amir Hossein Zamaninia predicted…

Jul 17, 2017 at 16:38

“I think there is a high probability that we could see [WTI] rallying back to $50,” Bob Parker, member of the investment committee at Quilvest Investment Management, said on

Jul 17, 2017 at 16:31

Something that’s been whispered about in the last few months is now being talked about loudly: U.S. oil drillers’ debts. There have been a few notable warnings that shale boomers…

Jul 17, 2017 at 16:27

The giant gas field that holds around 40 percent of total gas reserves on the Norwegian Continental Shelf (NCS) is set to produce a record amount of gas this year,…

Jul 17, 2017 at 14:41

While governments around the world are starting to mandate electricity over oil for powering motor vehicles, what are the chances of oil supply being severely impacted in the next quarter…

Jul 17, 2017 at 14:26

Low gasoline prices for American consumers are here to stay for the rest of the summer, according to the U.S. Energy Information Administration (EIA). The agency says regular gasoline…

Jul 17, 2017 at 13:54

All data below is based on the latest OPEC Monthly Oil Market Report. All data is through June 2017 and is in thousand barrels per day.

Jul 17, 2017 at 11:48

Chinese refineries processed 11.21 million bpd of crude oil last month, up 2.3 percent on the year and the second-highest daily processing rate on record, Reuters reported, citing data…

Jul 17, 2017 at 11:03

Yet again, U.S. shale producers are benefitting from the disastrous game of chicken deployed by OPEC back in 2014. And that’s something which is at once ironic and deeply worrying.…

Jul 17, 2017 at 09:24

Diesel and gasoline prices in North Korea have jumped since China National Petroleum Corp (CNPC) halted sales of fuel to Pyongyang, Reuters reported on Monday, citing data on prices…

Jul 14, 2017 at 15:56

One commodity analyst got it right: the OPEC cuts would not work. After November last year when the oil cartel announced its agreement with Russia and 11 other producers to…

Jul 14, 2017 at 15:55

Back when Tesla Inc. (TSLA) unveiled a test of its new “Powerpacks” – batteries to power homes and businesses – it was clear that the company’s future wasn’t in building cars……

Jul 14, 2017 at 15:55

The UK-based Premier Oil, along with its partners Talos Energy and the Mexico City-based Sierra Oil & Gas, announced a potentially huge new oil discovery off the Mexican coast…

Jul 14, 2017 at 15:48

Offshore gas developments in the East Mediterranean region are heating up. Alongside increased exploration efforts and a possible gas pipeline deal between Turkey and Israel, geopolitical risks are increasing too.…

Jul 14, 2017 at 15:47

In today’s increasingly powerful electronics, tiny materials are a must as manufacturers seek to increase performance without adding bulk. Smaller is also better for optoelectronic devices—like camera sensors or solar…

Jul 14, 2017 at 15:46

A week after Tesla announced it had won a tender for the installation of the world’s biggest battery storage system in Australia, Siemens and AES launched a joint…

Jul 14, 2017 at 15:43

Iranian officials continue to encourage multinational fossil fuel companies to pursue production deals in the country, despite disconcerting rhetoric from the White House that suggests the 2015 nuclear deal, which…