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Article Archive | Page 2

Has Oil Demand Peaked?

Sep 18, 2020 at 11:01

1. BP sees oil demand already at a peak- BP (NYSE: BP) made major

Oil Rallies Despite Bearish Demand Forecasts

Sep 18, 2020 at 10:57

COVID Market Update Oil prices perked up this week, buoyed by both OPEC developments and Hurricane Sally. That is despite BP’s pessimistic 2020 edition of its annual outlook that suggests…

Should You Buy Into This Oil Rally?

Sep 18, 2020 at 10:50

I don’t want to sound like I’m whining here, but my job is pretty difficult right now. I get paid to watch markets and give my opinion on them, something…

A Major Power Play In Libya

Sep 18, 2020 at 10:48

Libya: A New Twist to Haftar’s Power Play Turkey would like the world to think that the resignation of the eastern government this week signifies the weakening of…

String Of Bullish News Sends Oil Rallying Above $40

Sep 18, 2020 at 11:08

Oil prices were set for a weekly gain early on Friday, capping a week of several days of gains that saw both benchmarks rebound to above $40 a barrel.   …

Bullish Goldman Sachs Expects Brent To Hit $49 By Year-End

Sep 18, 2020 at 10:02

Goldman Sachs is bullish on oil, expecting the market to be in a deficit of around 3 million barrels per day (bpd) by the fourth quarter and Brent Crude prices…

Russian Oil Minister: Global Oil Inventories Are In Decline

Sep 18, 2020 at 09:11

Global inventories of crude oil declined by 45 million barrels in August after a 34-million-barrel reduction in July, Russia’s Energy Minister Alexander Novak said in a TV interview. "Reserves…

Oversupply Adds To Grim Oil Demand Outlook

Sep 17, 2020 at 17:24

OPEC and the International Energy Agency delivered bad news for the oil market this week. Both authorities revised their oil demand forecasts for this year, and both revised…

Oil Prices Rise As Saudi Arabia Keeps OPEC Members In Check

Sep 17, 2020 at 16:59

Oil prices rose on Thursday in the third day of positive price movements for the commodity, as the market responds favorably to OPEC’s meeting chatter. WTI crude prices rose by…

Is This The Final Nail In Coal’s Coffin?

Sep 17, 2020 at 16:48

Coal headlines this summer have been uniformly doom-and-gloom, with stories like “Renewables surpass coal in US energy generation for first time in 130…

Lower Oil Production Hits Pipeline Operators Hard

Sep 17, 2020 at 15:31

Just two years ago, U.S. pipeline operators were rushing to build pipelines in Texas to move surging Permian oil and gas production to the refining and export centers…

A Wave Of Consolidations Hit Canada’s Oil Patch

Sep 17, 2020 at 14:39

A vicious one-two-three punch that started with a gloomy long-term future outlook due to rampant fossil fuel divestments, climate change policies, and decarbonization as well as shorter-term—but severe—shocks from the…

The $60 Trillion Price Tag For A World With Net-Zero Emissions

Sep 17, 2020 at 14:03

The world can achieve net-zero greenhouse gas emissions by the middle of this century for an annual investment of US$1 trillion-US$2 trillion, or up to US$60 trillion over the next…

U.S Keeps Top Crude Oil Producer Status

Sep 17, 2020 at 12:59

Despite oil production curtailments earlier this year that are not fully back online, the United States maintained its global status as the leading supplier of crude oil in July, ahead…

Iraq Ships More Crude Oil Despite OPEC Output Cut Pledge

Sep 17, 2020 at 12:14

Iraq has shipped more crude oil abroad so far this month, tanker-tracking data compiled by Bloomberg showed, even though OPEC’s second-largest producer has promised time and again in recent…

The Secret To Survival For Canada’s Oil Sands

Sep 17, 2020 at 10:52

Globally, there are a multitude of different answers (and even more non-answers) to the economic puzzle of how to account for and financially balance (aka pay for) negative…

Saudis Scold OPEC+ Laggards For Trying To “Outsmart The Market”

Sep 17, 2020 at 10:03

The OPEC+ group will allow non-compliant members to take until the end of the year to compensate for their overproduction, Saudi Arabia’s Prince Abdulaziz bin Salman said on Thursday…

OPEC Warns That Second Wave Of COVID Will Derail Demand Recovery

Sep 17, 2020 at 09:12

A resurgence in Covid-19 cases in some countries could further dampen oil demand and interfere with a decline in oil inventories, Reuters has reported, citing an internal document of…

What BP Got Wrong About Global Oil Demand

Sep 16, 2020 at 17:39

Environmentalists around the world are having a field day this week as international media picks up on the oil market forecasts in the recently released BP Energy Outlook…

Cash-Strapped Iraq To Finally Roll Out Refinery Megaproject

Sep 16, 2020 at 17:14

Iraq’s Ministry of Oil and Ministry of Industry and Minerals held a series of meetings over the past week to kick-start the multi-billion dollar Nebras petrochemical plant development project, originally…

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