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Article Archive | Page 5

No, The U.S. Is Not A Net Exporter Of Crude Oil

No, The U.S. Is Not A Net Exporter Of Crude Oil

Dec 13, 2018 at 11:32

Last week Bloomberg created quite a stir with this story: The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years. I have seen a…

One Houston Gas Player Is Changing The LNG Business Forever

One Houston Gas Player Is Changing The LNG Business Forever

Dec 13, 2018 at 09:17

Houston-based LNG player Tellurian Inc. said last Thursday that its subsidiary has entered into a memorandum of understanding (MoU) with Vitol, a British energy and commodities company, to supply…

Canadian Crude Price Spike Won’t Last

Canadian Crude Price Spike Won’t Last

Dec 13, 2018 at 08:40

Earlier this week Bloomberg reported that Canadian heavy crude prices had soared so high after the institution of a production cut in Alberta that some producers were already finding…

Saudi Arabia Under Fire From All Sides

Saudi Arabia Under Fire From All Sides

Dec 12, 2018 at 15:08

Saudi Arabia bet that it could defy the U.S. when it pushed for oil production cuts at the OPEC+ meeting, gambling that President Trump would not lash out in retaliation…

Why The OPEC+ Deal Won’t Cut It

Why The OPEC+ Deal Won’t Cut It

Dec 12, 2018 at 15:00

Now nearly a week removed from the OPEC+ agreement, confidence in the efficacy of the deal is becoming shaky. Immediately after OPEC+ announced cuts of 1.2 million barrels per day…

Big Oil Doubles Down On Shale Despite Price Drop

Big Oil Doubles Down On Shale Despite Price Drop

Dec 12, 2018 at 14:55

It’s the time of the year when oil companies start announcing their budgets for next year and besides a steady albeit guarded optimism, one thing stands out: oil majors are…

Chevron Bets Big On Supergiant Oil Field

Chevron Bets Big On Supergiant Oil Field

Dec 12, 2018 at 12:21

Chevron announced last week its capital and exploratory budget for 2019, which sees the first annual increase in spending since the 2014 oil price crash. While most of the…

OPEC Sees Demand For Its Crude Oil Lower In 2019

OPEC Sees Demand For Its Crude Oil Lower In 2019

Dec 12, 2018 at 12:12

OPEC expects demand for its crude oil to average 31.4 million bpd in 2019, down by 100,000 bpd from last month’s forecast, which suggests that the cartel would need to…

China Pushes Global Oil Trading To All-time High In 2018

China Pushes Global Oil Trading To All-time High In 2018

Dec 12, 2018 at 11:52

This year’s crude oil futures trading activity is on track for a record high, as trading volumes in China’s new yuan-denominated futures contract is offsetting lower activity in the world’s…

Will Self-Driving Cars Ever Be Safe Enough?

Will Self-Driving Cars Ever Be Safe Enough?

Dec 12, 2018 at 11:22

Autonomous vehicle trial runs are growing in real numbers in California, and so are the crashes coming from the self-driving cars. The California Department of Motor Vehicles has increased…

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