Citigroup Says 42% of Clients Have No Energy Transition Plan
Venezuela - one of the OPEC deal’s staunchest promoters and supporters – produces around 500,000 barrels per day of heavy oil, and this figure has been left out of the…
The outcome of the Vienna meeting came as a pleasant surprise to oil markets. A deal had been hammered out and, despite the resistance, OPEC and Non-OPEC producers had agreed…
As the meeting of NOPEC fast approaches this weekend, the mood in the oil market has shifted from euphoria to skepticism, as questions remain around the intent of key producers.…
As doubts about the effectiveness of OPEC’s production cut deal continue to rise, the EIA reported a 2.4-million-barrel fall in commercial inventories for the week to December 2. The…
Kuwait will be taking a leadership role in monitoring the Organization of Petroleum Exporting Countries’ (OPEC) week-old production freeze deal, according to acting oil minister Anas al-Saleh, who said he…
With Trump at the helm, sentiment gives way to practicality in the energy industry. For the vast untapped potential of the nuclear energy industry and the uranium that feeds it,…
OPEC succeeded in pulling off what many thought was impossible, overcoming mutual disdain and mistrust to reach a deal on reducing its oil output. Oil prices skyrocketed on the…
The markets are reacting to the Organization of Petroleum Exporting Countries’ (OPEC) planned production reduction not just in oil price spikes, but stock prices, too—giving the deal the power to…
Nicolas Maduro, the Socialist president of recession-hit and hyperinflation-stifled Venezuela, was the most vocal supporter and promoter of an OPEC deal to reduce oil supply in a bid to lift…
It is a very frustrating deal market in O&G overall. Despite the collapse in oil prices from a couple years ago the deal flow is still very slow, the buyer/seller…
After rallying to 16 month highs on the back of the OPEC output deal, oil is falling as a result of record OPEC production, complicating the proposed cuts.
Iran is now able to sell as much oil as it wants and to any country it “deems appropriate”, the oil ministry’s news service Shana quoted Iranian President Hassan Rouhani…
The crude complex is finally taking a breather after the recent OPEC-sponsored rally. We're now faced with the juxtapositioning of rising OPEC output versus promised cuts; something which could well…
Fatih Birol, the executive director of the International Energy Agency, expects oil’s fundamentals to regain balance soon, thanks to the output cut deal agreed by OPEC last week. His opinion…
Having rallied to 16-month-highs on the back of OPEC’s deal to cut oil supply, oil prices dipped on Tuesday after figures showed that November output at both OPEC and…
OPEC’s historical deal to cut production has been sealed, and oil prices have jumped as a result, comfortably above the $50 per barrel mark. According to Lukoil’s vice president,…
For most retail investors, buying physical crude oil as a commodity is not an option. Instead, many investors turn to exchange traded notes (ETNs) as a way to speculate on…
“Ending wars is very simple if you surrender.” – PJ O’RourkeThe new OPEC deal to cut oil output – the cartel’s first since 2008 – amounts to…
Sometime in the next 12 to 24 months, the world will see probably see the biggest IPO in history, and one that may remain unparalleled for a century or more…
As environmentalists, Native Americans and those opposed to the Dakota Access pipeline (DAPL) celebrated the White House’s denial of a construction permit to Energy Transfer Partners (ETP) this weekend, North…