Article Archive | Page 1150

Mar 24, 2017 at 15:14

Politics, Geopolitics & Conflict • Violence in South Sudan has further spiked after the announcement of a $500-million oil exploration deal between the government and Nigerian Oranto Petroleum. Rebel forces…

Mar 24, 2017 at 15:14

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…

Mar 24, 2017 at 15:12

- 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…

Mar 24, 2017 at 14:42

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

Mar 24, 2017 at 13:01

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…

Mar 24, 2017 at 12:49

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.…

Mar 24, 2017 at 10:59

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…

Mar 23, 2017 at 16:16

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…

Mar 23, 2017 at 16:14

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…

Mar 23, 2017 at 16:06

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…

Mar 23, 2017 at 16:06

Wow. It’s not often a chart can say so much about human behavior, economic theory, oil consumption and maybe even the future of energy all in one spreadsheet column. For…

Mar 23, 2017 at 16:05

2018 was supposed to be a transformative year in Russia – presidential elections are looming, the Russian economy is expected to bust out of its current slump and the oil…

Mar 23, 2017 at 13:28

U.S. oil and gas companies are licking their chops over the prospect of deregulation, but they could be faced with too much of a “good thing.” Historically low natural gas…

Mar 23, 2017 at 11:09

PetroChina may be considering a spinoff for its oil and gas pipeline business, which could be worth as much as $85 billion, according to investment analysts. The suggestion has…

Mar 23, 2017 at 10:41

An Important shift is now underway in global coal trade. With a completely new export route opening up for U.S. producers over the last few weeks. To South Korea. Platts…

Mar 22, 2017 at 17:17

I am tired of hearing about the unbelievable impact of technology on collapsing U.S. shale production costs. The truth is that these claims are unbelievable. The savings are real but…

Mar 22, 2017 at 15:58

Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year. The OPEC deal that has…

Mar 22, 2017 at 15:56

How many times have you seen this: “Because the U.S. dollar is the quoted currency in oil, a stronger dollar buys more oil per dollar and causes the price…

Mar 22, 2017 at 15:56

Yemen’s strategic Red Sea port, through which some 4 million barrels of oil flow daily to Middle Eastern markets, is becoming a focal point in the proxy war between Saudi…

Mar 22, 2017 at 15:52

A Saudi logistics company has just opened a Houston office to seize the opportunity to ship increased volumes of oilfield and plant construction equipment to the Port of Houston as…