Article Archive | Page 1206

Oct 25, 2016 at 12:05

Nigeria has managed to increase its daily crude oil production to 1.9 million barrels, according to a tweet from the Petroleum Ministry. That’s still short of the country’s 2.2-million-bpd…

Oct 25, 2016 at 10:42

Oil is looking fairly subdued today amid a stronger dollar, and ahead of a likely build to inventories from tomorrow's weekly EIA report. Hark, before that, here are five things…

Oct 25, 2016 at 09:34

Mexico and Canada have been waging a silent battle for market share in the U.S. crude oil refining market. Since 2006, crude oil exports from Canada and Mexico to the…

Oct 24, 2016 at 16:54

Venezuela just dodged a bullet, pulling off a last minute bond swap with creditors. The deal only buys Venezuela a little bit of breathing room, and a default at some…

Oct 24, 2016 at 16:36

The World Bank has just upped its oil price forecast for 2017, saying it now expects average prices to be US$55 a barrel over the next year. That’s US$2…

Oct 24, 2016 at 16:30

We are now approaching a time of year, where people across many parts of the world are preparing for the winter season. Oil consumers and providers will be watching weather…

Oct 24, 2016 at 15:01

Humans have a hard time with numbers. The truth is that our brains are much better at processing images and colors than they are at processing numbers. Give a human…

Oct 24, 2016 at 14:50

Fears of a possible default by Venezuela’s cash-strapped oil company PDVSA have mounted in recent weeks, but can now rest easy, after Venezuela managed to get credit holders to agree…

Oct 24, 2016 at 12:14

Another week kicks off with oil under the influence of OPEC and producer rhetoric. As prices fell below the psychological support at $50/bbl, hark, here are five things to consider…

Oct 24, 2016 at 11:45

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…

Oct 24, 2016 at 10:25

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…

Oct 24, 2016 at 09:37

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…

Oct 21, 2016 at 17:30

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…

Oct 21, 2016 at 17:14

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…

Oct 21, 2016 at 17:14

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…

Oct 21, 2016 at 17:06

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…

Oct 21, 2016 at 17:05

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,…

Oct 21, 2016 at 16:59

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…

Oct 21, 2016 at 16:53

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…

Oct 21, 2016 at 16:53

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…