Despite the November, 2016 Vienna crude oil agreement among OPEC and certain non-OPEC (NOPEC) producers and its subsequent May 2017 extension, the global crude oil market is still burdened…
Abu Dhabi looks to publicly list parts of its national oil company The United Arab Emirates plans to list part of its national oil company on public markets in order…
The Ukrainian state operator of power transmission lines, Ukrenergo, signed an agreement on June 28 with the European Network of Transmission System Operators for Electricity (ENTSO-E) to integrate Ukraine’s power…
Kyrgyzstan has signed a deal with a Czech company specializing in renewable energy to take over a hydropower project that the government sees as key to ambitious plans to export…
Investors can be forgiven if they are more puzzled than ever regarding the trajectory of oil prices. The gyrations over the past month have induced a sense of deep despair,…
This week the International Energy Agency (IEA) released their annual World Energy Investment report (WEI), revealing that in 2016 energy investment plummeted by a staggering 12% from the previous year.…
Friday July 14, 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…
Growth in U.S. shale oil output might slow down in 2018 as oilfield service providers are finding it hard to respond to booming demand for their services, the head of…
Mixed news drove crude oil prices in both directions this week before traders decided the way of least resistance was up. On the bullish side, the market was supported by…
- WTI traded in a $44-$47 range this week lifted by a 7.6m bbl US inventory draw and positive demand data in Europe and China. On the upside production gains…
Oil prices posted some solid gains this week, but with the market outlook remaining gloomy, a continuation of this upward trend looks unlikely to last long
We've had more energy-related newsflow than we can shake a stick at this week, but as we head into the weekend, hark, here is a cornucopia of crude and energy-related…
The number of active oil and gas rigs in the United States was flat this week overall, after gaining 505 rigs in the last 12 months. But on the…
Shell’s Nigerian unit declared a force majeure on Bonny Light crude oil exports effective 12:00 local time on Thursday, just two weeks after it had lifted a previous force…
Tough week for the copper mining sector in Chile. With S&P downgrading the country’s sovereign debt for the first time since the 1990s, because of lower copper prices. And…
Compliance falls below 100 percent OPEC’s grip on the oil market seems to be slipping away, as its newest Monthly Oil Market Report shows production rising, despite cuts. In its…
Global oil production surged in June “as producers opened the taps,” according to a new report from the International Energy Agency (IEA). OPEC was a major culprit, with Libya and…
Last week’s announcement by Volvo that every car, “it launches from 2019 will have an electric motor,” jolted oil investors. Then France amped up the newswire by switching on a…
According to the IEA’s World Energy Investment report, investment in electricity finally surpassed investment in oil and gas in 2016, for the first time in recorded history. As
OPEC exports have come under pressure this week from technical threats to oil fields, with Saudi Arabia’s Manifa problems grabbing the headlines. Saudi Aramco CEO Amin Nasser, while addressing the…