In the latest turn of events regarding OPEC’s plan to cut production, Iraq said on Sunday that it should be exempted from output cuts because of the war it…
Ayatollah Ali Khamenei, Iran’s Supreme Leader, accused unnamed OPEC members of using oil as a weapon to the benefit of the U.S. The accusations were leveled via Twitter, following…
Russia is still not sure whether it will freeze or cut its crude oil output, said Energy Minister Alexander Novak after his weekend meeting with his Saudi counterpart Khalid…
It has been a rough 2 years for forecasters of crude oil prices. Essentially no one saw the 2014 crash coming, and everyone looked on in surprise as a barrel…
This week’s oil prices put the industry at a value of $1.7 trillion – almost three times larger than the $660 billion in revenues generated from all major raw metals…
The top shale basins in the U.S. could lose another 30,000 barrels per day in November, as a shortage of drilling fails to offset natural depletion. However, the decline is…
It could not be more ironic: carbon dioxide, the greenhouse gas responsible for climate change, may be able to help the renewables energy industry in the future. Scientists have discovered…
Record Oil Production and Capital Spending Supported by Favorable FX Rate While Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices,…
India is making the push to become greener through the use of solar panels. The nation is lagging behind other countries in terms of renewables and has finally begun taking…
Authorities in Djibouti are working to increase the share of renewables in the energy mix, with a particular focus on harnessing the country’s plentiful geothermal resources. In early August Djibouti’s…
The Nigerian government announced in August that it had resumed amnesty payments to former militants in the Niger Delta, many of them members of the Movement for the Emancipation of…
Fracking is to gas what Trump is to politics and Marmite is to toast. You either love it or hate it. This week the Government overturned a council decision to…
While watching the recently released film "Deepwater Horizon" about the catastrophic well blowout in the Gulf of Mexico that caused the largest oil spill in U.S. history, I remembered…
The Saudis have floated their first sovereign bonds, a $17.5 billion dollar offering that was more than 6 times oversubscribed. This bond issuance gives us tremendous insight into the largest…
In case it has escaped your attention, the U.S. has a Presidential election coming up in a few weeks, on November 8th to be precise. It would normally make sense…
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 sector. Each week we’ll…
Politics, Geopolitics & Conflict • The Iraqi army, with its allies from the Kurdish Peshmerga and the U.S.-led international coalition are preparing to enter Mosul, the last ISIS stronghold in…
Since late September, the U.S. Dollar and crude oil have been rallying simultaneously with traders seemingly ignoring the typical relationship between the two assets. Since crude oil is a dollar-denominated…
Despite Iran’s efforts to re-enter the oil market, and amid promises two years ago by the country to open up the industry to foreign market after the sanctions against it…
Oil prices are fighting against a strong dollar on Friday as the WTI front month futures rolled over to the December contract.…