Macquarie Securities’ Toronto-based research team put out a research note today that pointed out the strength coming out of the world’s spending giant: the U.S. consumer. “Macro data continues to…
Almost synonymous with the term "peak oil" is M. King Hubbert, perhaps the foremost geophysicist of the 20th century, who first theorized about the eventual decline of oil…
The Bakken and North Dakota production data is out. (Click to enlarge)
Have you tried to drive anywhere recently? I mean, have you just gotten in your car, not necessarily at rush hour either, and tried to get to a…
Next week will be one of the busiest for Q2 earnings releases from S&P 500 companies in general, but it is also loaded with reports from the energy…
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 • Turkey took center stage this week after an attempted military coup that was quickly crushed, resulting in what can only be…
Crude oil traders acted like they had just awakened from a deep sleep on Thursday when they drove the September futures contract into its lowest level since April…
All’s not well in oilfield services, but it might start getting a bit better from now on. That’s the essence of a statement made by Schlumberger’s chief executive Paal Kibsgaard…
• WTI consolidated near the $45 mark this week and achieved just a $2.40 range from Monday through Thursday as Summer Doldrums took effect. News flow and volumes were light…
Oil prices fell again on Friday, endorsed by a stronger dollar and persisting fears of both a crude and refined products glut.
The U.S. rig count is up 15 oil and gas rigs this week, nearly doubling last week’s rig increase and heralding new supply to add to the existing glut and…
Crude is heading lower into the weekend as supply glut fears persist, while further endorsement of a sell-off is provided by a stronger dollar. Hark, here are seven…
Ankara has placed itself deliberately on an all-or-nothing path which envisages only Turkish strategic dominance, lightly disguised by attempts to diplomatically hold the international community at bay as…
Attention global mining industry. Things are getting dire this week in the Philippines. Potential problems have been looming in this important copper, gold and nickel nation since the…
Oil prices sank on Thursday following fresh data showing oil and product stocks rising to an all-time high. The EIA released its weekly data on…
Three export terminals on Russia’s Arctic coast shipped an average of 230,000 barrels of crude in the second quarter of 2016. This figure is almost equal…
A common complaint about technological progress over the last few decades is summed up in the phrase “we were promised flying cars and got 140 characters”. There is…
Argentina has exceptional hydrocarbon reserves, but politics has greatly affected its development. The economy in Argentina is best described as a “pendulum”, going from loose economic…
Every day in 2015, the United States spent $991 million on petroleum consumption, the lowest daily total since 2008. Consumption levels in the U.S. have decreased…