Last week a group of Republicans and businessmen tabled a proposal for a carbon tax, designed to replace the Obama administration’s string of environmental regulations aimed at reducing climate…
The new January OPEC Monthly Oil Market Report is out with crude only production numbers for January 2017. All charts are in thousand barrels per day.
Oil is charging lower to start the new week, as the monthly OPEC oil market report has done little to assuage oversupply concerns - despite the cartel's…
OPEC cut its crude oil production by 890,000 bpd from December to average 32.14 million bpd in January, the cartel said in its Monthly Oil Market Report…
Libya’s oil production problems extend far beyond whether the forces of Tripoli or Benghazi secure ultimate control over the country: Clan-based militias are running their own smuggling operations, and their…
The oil market is in a “wait-and-see mode” as OPEC implements its production cuts, with the record level of compliance boding well for tighter conditions, the IEA said in its…
That Aramco is the world’s biggest oil producer is, it’s safe to say, common knowledge. The rest of the top 5 oil companies could be a bit difficult for a…
The old saying goes in the investment business, “when the ducks are quacking you feed them”. And so it goes for Canadian publicly traded oilfield service (OFS) companies which are…
The problem with today’s power grid isn’t the lack of electricity but rather the lack of it at certain times. The United States has progressively moved towards adding renewable energy…
The liquefied natural gas (LNG) sector is seeing a lot of activity. Spurred by prices in the key Japanese market hitting a two-year high in recent weeks, averaging $8.40/MMBtu…
According to Aesop, the plodding tortoise beat the swift hare to the finish line. Reports just released by the Edison Electric Institute (EEI), the industry’s trade group, show the electric…
This past Friday, President Trump issued new sanctions on Iran following their missile test on Sunday. The administration believes this to be a violation of an agreement to refrain from…
In an earlier article I addressed some of the skepticism around the recent production cuts enacted by OPEC. Today I want to consider in more depth the notion that…
During his election campaign, Donald Trump announced a break with the policy of reducing greenhouse gas emissions, which in his view adversely affects business in the United States. Among his…
When I was standing shoulder to shoulder with all those other oil day traders on the floor of the NYMEX, once in a while I’d get a very funny feeling.…
The oil markets were boosted overnight by the news from the International Energy Agency (IEA) that compliance to the schedule of cuts agreed by OPEC to start on January 1st…
Friday February 10, 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…
Tickers: Politics, Geopolitics & Conflict • Libya is the country to keep an eye on in the oil patch in the coming days, weeks and months. There is little chance…
Some traders will tell you that March West Texas Intermediate crude oil had a volatile week. If you look at the price swings over a five-day period then yes, there…
- WTI snapped out of a two week coma on Wednesday trading to a low of $51.22 following an API report revealing a 14m bbl crude oil build which was…