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Article Archive | Page 2

Russia’s Most Powerful Oilman: We're Fine With Any Oil Price

Russia’s Most Powerful Oilman: We're Fine With Any Oil Price

Nov 15, 2018 at 09:21

Rosneft is fine with any level of oil prices, chief executive Igor Sechin told Kommersant radio station as quoted by news agency TASS. "We manage risks. If prices fall,…

Bakken Prices Crumble On Pipeline Woes

Bakken Prices Crumble On Pipeline Woes

Nov 14, 2018 at 17:39

Oil production is growing so quickly in the Bakken that the region is starting to suffer from painful pipeline constraints. U.S. shale is not new to pipeline bottlenecks. The Permian…

Are Oil Markets Overreacting?

Are Oil Markets Overreacting?

Nov 14, 2018 at 17:34

There is no need to take any action to halt the decline of oil prices that started a month ago, even though it accelerated sharply yesterday, with both Brent and…

Natural Gas Skyrockets As China Pledges Huge Supply Boost

Natural Gas Skyrockets As China Pledges Huge Supply Boost

Nov 14, 2018 at 16:45

With an eye on last winter’s natural gas supply debacle, Chinese state-owned energy giant CNOOC has pledged a 20 percent rise in gas supply, the company said on Tuesday.…

Is OPEC’s Oil Outlook Too Bullish?

Is OPEC’s Oil Outlook Too Bullish?

Nov 14, 2018 at 14:28

OPEC didn’t surprise anyone when it said in its World Oil Outlook (WOO) 2018 that the world’s primary energy demand will surge by 33 percent from 2015 levels to…

Is U.S. Oil Getting Left Behind In The Green Energy Race?

Is U.S. Oil Getting Left Behind In The Green Energy Race?

Nov 14, 2018 at 14:14

In what can only be called a rebuke over American oil and gas companies’ lack of commitment to climate change concerns, a new report released late last week by…

Can Indonesia Turn Around Its Production Decline?

Can Indonesia Turn Around Its Production Decline?

Nov 14, 2018 at 13:36

At the end of 2016, Indonesia—which had rejoined OPEC just several months before that—refused to take part in the production cut deal and suspended its membership in the organization. Now…

Natural Gas Prices Soar To 9-Year Highs As Cold Forecast Bites

Natural Gas Prices Soar To 9-Year Highs As Cold Forecast Bites

Nov 14, 2018 at 10:55

Natural gas prices shot through the roof on Wednesday as weather forecasts called for an increasingly cold winter in what is looking like a tightly supplied market. Natural gas spot…

Crude Recovery? OPEC Eyes 1.4 Million Bpd Production Cut

Crude Recovery? OPEC Eyes 1.4 Million Bpd Production Cut

Nov 14, 2018 at 09:27

OPEC and the non-OPEC partners in the deal are discussing potentially cutting oil production by as much as 1.4 million bpd to try to lift oil prices out of the…

Oil Rebounds After Biggest Daily Loss In 3 Years

Oil Rebounds After Biggest Daily Loss In 3 Years

Nov 14, 2018 at 09:27

Crude oil prices crashed yesterday, losing 7 percent in just one day, which was the biggest daily loss in three years and today continued down in early trading as headwinds…

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