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EIA Lowers U.S. Oil Production Forecast

Article Archive | Page 2

Aluminum Prices Move Sideways As Energy Crisis Persists

Aug 05, 2022 at 11:10

After seeing a short-term bullish rebound in July, aluminum prices began to decline again in early August modestly. All in all, the rebound…

How Will Gazprom Fare Without Its Biggest Cash Cow?

Aug 05, 2022 at 11:07

When senior managers at Kremlin-controlled natural gas producer Gazprom arrived in New York in February 2020 to present a business update to U.S. investors, the company had just…

What’s Really Happening With Gasoline Demand?

Aug 05, 2022 at 11:04

President Biden recently boasted on Twitter that gasoline prices in the United States have been falling for 50 days straight, noting this was…

Energy Bills Are Set To Soar In The UK

Aug 05, 2022 at 11:01

The average energy bill is set to climb to nearly £4,000 a year from January as gas prices continue to push upwards, new analysis has shown.

Sanctions Are Making It Difficult For Afghanistan To Pay Its Energy Debts

Aug 05, 2022 at 10:57

Afghanistan has settled its multimillion-dollar outstanding debts owed to Uzbekistan for electric power supplies, the Uzbek Energy Ministry has announced. The Da Afghanistan Breshna Sherkat, or…

China Hits Back At The United States Following Pelosi Visit To Taiwan

Aug 05, 2022 at 10:54

China has begun its retaliation against Washington by announcing Friday the cancelation of a series of meetings with the United States, namely the suspension of issues it was…

Recession Fears Take Hold Of Oil Markets

Aug 05, 2022 at 11:18

Oil prices are back around the levels they were at before Russia invaded Ukraine, highlighting that a global recession and demand destruction are now the central focus of traders.

U.S. Drilling Activity Slows As Prices Ease

Aug 05, 2022 at 12:08

The number of total active drilling rigs in the United States fell by 3 this week, according to new data from Baker Hughes published on Friday. The total rig count…

Why Traders Have Started To Dump Crude

Aug 05, 2022 at 11:29

U.S. West Texas Intermediate crude oil futures are trading lower on Friday shortly after the release of a strong U.S. Non-Farm Payrolls report that suggests the U.S. is not in…

Europe's Insatiable Thirst For Natural Gas

Aug 05, 2022 at 11:29

1. OPEC+ Agrees on Lowest Monthly Increase in Years- In a move widely perceived as…

Is The EIA Wrong About Weak Gasoline Demand?

Aug 05, 2022 at 11:29

Politics, Geopolitics & Conflict Last month, the EU heralded a deal with Azerbaijan that would net it extra Azeri gas to reduce dependence on Russia. That deal is now being…

The Geopolitical Future Of Iraq Hangs In The Balance

Aug 05, 2022 at 11:29

While everyone is monitoring a war in Europe, Iraq - OPEC’s second-largest producer - is experiencing the climax of a long-running political stalemate that will have major geopolitical…

Oil Prices Climb Even As Payroll Report Surprises

Aug 05, 2022 at 10:24

The price of crude oil rose on Friday, balking at the July U.S. jobs report, which suggested that the Federal Reserve could tighten further and limit the…

Kazakhstan’s 300,000-Bpd Kashagan Oilfield Halts Output

Aug 05, 2022 at 09:14

The offshore oilfield Kashagan in Kazakhstan, which pumps more than 300,000 barrels per day (bpd), was shut down on Thursday after a gas leak was detected on the site, the…

Russia Displaces Saudi Arabian Oil In India

Aug 05, 2022 at 08:26

Russia’s share of the Indian oil market is growing at the expense of Saudi imports, Bloomberg has reported, noting Russian oil has been selling at a sizeable discount to…

OPEC’s Lackluster Quota Hike Won’t Solve Oil Market Tightness

Aug 04, 2022 at 09:43

Yesterday, OPEC and its partners led by Russia agreed to increase their combined oil production by 100,000 bpd in September. Reports note that…

Global Thirst For Natural Gas Triggers Middle East Spending Spree

Aug 04, 2022 at 09:30

The world’s top oil exporting region, the Middle East, is looking to boost natural gas production and exports as global and local gas demand is set to grow…

Can Kuwait’s New Prime Minister Revive The Country’s Shrinking Oil Industry?

Aug 04, 2022 at 11:06

Kuwait’s crude oil production has shrunk to around 2.7 million bpd, little in the way of significant new investment has been made into its oil sector in years,…

Why Oil And Gas Executives Are Reluctant To Pull The Trigger On New Deals

Aug 04, 2022 at 15:03

The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the O&G M&A playbook. Previously, oil and gas companies made numerous…

NATO Chief: Russia Must Not Win Its War In Ukraine

Aug 04, 2022 at 09:28

NATO Secretary-General Jens Stoltenberg says Russia must not be permitted to win in the war it launched against Ukraine, which has given rise to the most dangerous moment…

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