Kuwait’s emir Sheikh Sabah al-Ahmad al-Sabah ordered the dissolution of Parliament over the weekend, citing security concerns and “the circumstances in the region”, which includes the oil price crunch…
It has been ten months since the international community lifted sanctions against Iran’s oil and gas sector, paving the way for the country to rebuild its lost production capacity and…
Offshore exploration has been a rare bright spot for the global oil and gas industry lately. Some of the movement in the offshore sector is coming as governments get more…
Freezing global crude oil production for six months with an option for an extension would be the most appropriate and efficient way to rebalance the market, Russia’s Energy Minister Alexander…
Major development this past week in the world’s top natural gas play — the Marcellus shale of the northeastern U.S. Lawmakers in Pennsylvania — where the bulk of the Marcellus…
Looking back at the last couple of weeks’ price action in WTI one thing stands out. OPEC or no OPEC, the benchmark U.S. oil futures contract attracts plenty of sellers…
With oil prices back up above $50 per barrel, more and more shale companies could find it profitable to resume drilling. But the improved prospects for shale companies, and the…
Exxon has turned into a collateral victim of the U.S. economic sanctions against Russia. So while supermajor BP’s chief executive Bob Dudley said earlier this week that he…
In the midst of the shale boom in 2013, Texas added more than 19,000 new jobs in the oil and gas production sector, leading the U.S. job increase in…
In spite of the Indian government’s international commitments to clipping greenhouse gas emissions (driven home by the country’s ratification of the Paris climate agreement earlier this month), coal…
Prime Minister Trudeau "outsmarts opponents of carbon pricing" -- that's how the John Ivison of the National Post described it. Bloomberg said, "Trudeau’s national carbon tax is a…
The latest meeting of the Organization of Petroleum Exporting Countries (OPEC) in Algeria, on September 28, brought some relief to producers, with the price of oil finally trading above $50…
After three years, Uber has finally given up on expanding into China. Native Cab Company Didi Chuxing invested $1 billion in Uber along with 20 percent of their shares…
A presidential commission tracks the crude oil positions that are reported each week: this week producers and processors are short, while managed money is long oil In its Weekly Commitment…
A long summer On September 17th, Iran’s parliament endorsed a new Petroleum Contract put forward by the energy ministry and the cabinet. The coming weeks will reveal which oil majors…
Oil companies and their beneficiaries that suffer from low oil prices are being rescued by the current ECB monetary policies. Negative interest rates and the ECB corporate bond purchase…
Back in the "good old days" when Tony Blair was leading the UK’s “New” Labor Party, he had to keep coal miners — the backbone of the old Labor Party--happy…
There might have been a lot of skepticism in the preliminary OPEC production ‘deal’ that was announced a few weeks ago in Algiers, but much of that is now fading…
Looking back at the last couple of weeks’ price action in WTI one thing stands out. OPEC or no OPEC, the benchmark U.S. oil futures contract attracts plenty of sellers…
Friday, October 14 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…