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Article Archive | Page 1124

Oil Pipelines To Be Inspected By Robots

Jun 09, 2017 at 16:11

The robots are coming to oil and gas. This message is something we’ve been hearing a lot lately, what with autonomous trucks, piloted by Canada’s Suncor, to automated drilling…

Nigeria To Return 20% Of OPEC Cuts To The Market

Jun 09, 2017 at 16:07

Shell lifts force majeure on Forcados oil in Nigeria Royal Dutch Shell (ticker: RDSA) lifted force majeure on exports of Nigeria’s Forcados oil grade, returning about 250 MBOPD to world…

Renewable Energy Outproduces Nuclear In The U.S.

Jun 09, 2017 at 16:07

(Click to enlarge) (Click to enlarge) The EIA released the latest edition of their Electric Power Monthly  on May…

Trump Takes Aim At Another Obama-Era Environment Rule

Jun 09, 2017 at 15:55

The Trump administration is going after another of the Obama-era environment protection rules by ordering a review of conservation plan for the greater sage grouse, in a move that would…

Automakers Prioritize Climate Despite Trump’s Decision

Jun 09, 2017 at 15:54

Automakers are disappointed with President Donald Trump’s decision to exit the Paris climate accord – and some will back the agreement without him. Two of the U.S.’s vehicle manufacturing

Bearish Markets: A Self-Fulfilling Prophecy

Jun 09, 2017 at 15:47

In my early days of trading, I had a ‘mentor’ of sorts who gave me all sorts of advice and useful tips about market action. One I remember clearly was…

Betting On A Survivor

Jun 09, 2017 at 15:38

Around three years ago, in June of 2014, oil began a spectacular collapse. After rising to the point where WTI was fetching over $100 a barrel and holding that psychologically…

The OPEC Deal Looks Destined To Fail

Jun 09, 2017 at 15:30

Friday June 9, 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…

Global Energy Advisory - 9th June 2017

Jun 09, 2017 at 15:30

While this week has seen high-level political and geopolitical developments that hint at a dangerous climax in tensions emanating from the Middle East - as an OPEC rift widens and…

Sellers Take Control Of Oil Markets

Jun 09, 2017 at 15:09

September West Texas Intermediate Crude Oil Analysis September West Texas Intermediate crude oil futures are expected to close lower for the week. The market is being pressured by evidence of…

Expert Analysis: Bullish Sentiment Is Fading Fast

Jun 09, 2017 at 15:03

- Over the last three weeks strong WTI spreads served as a key reminder of bullish fundamental expectations as flat price sold off sharply. This week’s collapse in prompt and…

Pessimism Sweeps The Oil Markets

Jun 09, 2017 at 13:31

Oil has fallen lower this week, with a particularly bearish EIA report combining with geopolitical tensions in the Middle East to push…

U.S. Rig Count Continues Its Ascent Unabated

Jun 09, 2017 at 12:25

The number of active oil and gas rigs in the United States rose again this week by 11—making it 21 weeks of consecutive gains—the longest growth streak since at…

Libya’s Largest Oil Field Resumes Production

Jun 09, 2017 at 10:56

Libya’s largest oil field, El Sharara, has resumed production after workers had shuttered the 270,000-bpd field on Wednesday, protesting over the lack of medical treatment for a co-worker who…

Countering ISIS: Iraq Aims To Triple Its Refining Capacity

Jun 09, 2017 at 09:29

Iraq is planning to triple its refining capacity as the third-largest oil exporter increases crude oil production, Bloomberg reported, based on an interview with an official in the country.

Is $50 Oil Still Realistic?

Jun 08, 2017 at 14:55

Oil prices have plunged back to levels not seen since OPEC announced its original production cut deal last November. Prices have been falling since the group extended their cuts for…

The Next Big U.S. Shale Play

Jun 08, 2017 at 14:55

Media coverage of the U.S. shale oil and gas industry makes it sound like the Permian is the only place where things are happening. Everybody is buying acreage in the…

Can Trump Solve The Gulf Dispute?

Jun 08, 2017 at 14:54

The buddy-buddy vibe of Gulf countries working together in OPEC has served as a band-aid that has covered up friction between the monarchies for the past couple of years, but…

Canada’s Oil Sands Open Up To Chinese Investment

Jun 08, 2017 at 14:35

Canada is inviting Chinese companies to invest in its oil sands, Canada’s Natural Resources Minister Jim Carr said on Thursday, after an exodus in the past few months saw…

Unmasking Nigeria’s Oil Cartel

Jun 08, 2017 at 12:49

As noted in Part I of this series, the downstream theft of hydrocarbons is a huge industry in Nigeria. As global oil prices rose above $100 a barrel in…

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