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Article Archive | Page 4

Uncertainty Has Overtaken Oil Markets Once Again

Jul 16, 2021 at 12:15

Uncertainty appears to have overtaken oil markets once again as a potential OPEC+ agreement gives hope to oil bulls while fears of weak gasoline demand in the U.S. adds downward…

U.S. Rig Count Rises Despite Oil Price Uncertainty

Jul 16, 2021 at 12:20

The number of oil and gas rigs in the United States is up 5 this week, according to Baker Hughes, with the total rig count at 484, up 231 from…

Weak Fuel Demand Sends India’s Oil Imports To 9-Month Low

Jul 16, 2021 at 11:01

Indian refiners imported in June 2021 the lowest volume of crude oil in nine months, as purchases slowed down in April and May when India imposed regional mobility restrictions to…

Biden, Merkel Agree To Disagree On Nord Stream 2

Jul 16, 2021 at 10:14

President Biden and Chancellor Angela Merkel agreed to disagree on the Nord Stream 2 gas pipeline project of Gazprom during Merkel's visit to Washington. Per a Reuters report, President Biden…

The Best 2 Stocks To Hold As Oil Prices Explode

Jul 15, 2021 at 16:38

Crude oil was already having a banner year amid a faster-than-expected recovery from the pandemic. Now, with an OPEC compromise in place, there will be no oil price…

Oil Suffers Double Whammy In Weakest Week Since March

Jul 16, 2021 at 09:06

Oil prices are likely to record their worst week since March under the double blow of additional OPEC supply coming to markets and unfavorable fuel inventory data from the United…

Saudi Arabia And UAE To Lead OPEC Oil Production Increase

Jul 15, 2021 at 15:29

OPEC pumped 26.03 million barrels per day (bpd) of oil in June—up by 590,000 bpd from May, the cartel said on Thursday as it predicts demand for its…

Why Russia Is Refusing To Send Europe More Natural Gas

Jul 15, 2021 at 15:24

Rising commodity prices have strengthened the economic outlook of resource-rich countries. Russia is taking advantage of this in a major way, with a particular focus on crude oil…

The American Pipeline War Is Only Just Beginning

Jul 15, 2021 at 12:17

It is not a great time to be an oil pipeline developer or operator in North America these days. Policymakers are canceling projects and threatening to close operational…

Biden Has Kickstarted A Consolidation Wave In The U.S. Shale Patch

Jul 15, 2021 at 12:11

Consolidation is a troubled industry's best friend—and last year's crisis in oil and gas brought about by the pandemic was no exception. Mergers and acquisitions started later than…

Oil And Gas Is Booming In The Land Of Enchantment

Jul 15, 2021 at 12:05

New Mexico, the Land of Enchantment, was concerned when Biden’s pause on oil and gas drilling leases took hold, but six months into the new administration the state’s…

China To Tap Coal Reserves As Prices Soar

Jul 15, 2021 at 11:59

China is set to release another 10 million tons of coal from its reserves to prevent shortages amid soaring coal prices and tight supplies in the fifth such release this…

OPEC Sees Global Oil Demand Exceeding 100 Million Bpd In 2022

Jul 15, 2021 at 11:31

World oil demand is expected to surpass the 100 million barrels per day (bpd) mark in the second half of 2022, thanks to solid economic growth and expectations of continued…

Oil Slips On Prospect Of Rising OPEC+ Supply

Jul 15, 2021 at 11:01

Oil prices dropped early on Thursday as the market assesses the prospect of higher crude supply from the OPEC+ group after a reported compromise between key OPEC members Saudi Arabia…

Chinese Refineries Shatter Records In June

Jul 15, 2021 at 10:00

China’s refineries processed a record amount of crude oil last month, at 14.8 million bpd, up by 3.9 percent from May when run rates also broke records, Reuters reported, citing…

Goldman Bullish On Oil Despite Saudi-UAE Agreement

Jul 15, 2021 at 08:58

Goldman Sachs has reiterated its $80 price forecast for Brent crude despite reports that Saudi Arabia and the United Arab Emirates had reached a deal on oil production that…

The Conflict Within OPEC Is Far From Over

Jul 14, 2021 at 16:32

As expected, OPEC leaders Saudi Arabia and UAE have reached a so-called solution to the current export quota conflict.  For two weeks, the global oil market…

The Future Of Transportation: EV Stocks Could Fly This Summer

Jul 14, 2021 at 13:51

While the EV boom has been growing for years, 2021 could be the year electric starts to take over everything. And it could happen much sooner than most people realize,…

Why The U.S. Is Desperate To Secure Influence In Oman

Jul 14, 2021 at 13:41

Someone in the White House seems to have stumbled upon an atlas, seen where Oman is located, and worked out how crucial it is in the Middle East’s…

Wall Street Still Bullish On Emerging Markets Despite OPEC Rift

Jul 14, 2021 at 15:58

A commonly heard refrain amongst investment circles is that emerging markets, or EMs, are no longer what they used to be over the past two decades. Coming out…

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