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Article Archive | Page 5

Debt Destroys A Shale Giant

Jul 03, 2020 at 11:32

1. Gasoline demand rebounds, jet fuel stays down- In the U.S., demand for petroleum products…

How To Take Advantage Of The Energy Stock Selloff

Jul 03, 2020 at 11:31

After a decade of disappointment for energy stocks, it is not surprising that when oil’s collapse really accelerated back in early March, anything even vaguely related to oil got hammered.…

The Multi-Billion Dollar Price Tag For Iraqi Oil Compliance

Jul 03, 2020 at 11:29

Oil Powers Bought Iraqi Compliance - And Something Else, Too They may have paid for compliance, but they were really buying something else.  With COVID-19 cases…

A Clear Sign That OPEC Compliance Is Working

Jul 03, 2020 at 11:35

COVID Market Update - The price of the OPEC basket has climbed above $40 per barrel for the first time in four months, as the group managed to fulfill 100%…

Exxon May Finally Book Major Writedowns

Jul 03, 2020 at 11:01

ExxonMobil could write down the value of its oil and gas assets as soon as this month, Wall Street analysts told Reuters on Friday. Unlike many of its peers, Exxon hasn’t…

Oil Price Crash Leads To Sharp Contraction In Gulf Economies

Jul 03, 2020 at 09:52

Gulf economies will experience a combined contraction of 7.6 percent this year because of the oil price crash, a senior IMF official has forecast. This is a sharp downward revision…

Saudi Arabia And Kuwait Restart Production At Huge Shared Oil Field

Jul 03, 2020 at 08:35

Saudi Arabia and Kuwait have restarted production at the Al-Khafji oil field in the neutral zone between the two countries, Turkey’s Anadolu Agency reported, citing a statement by the acting…

Exxon Is Big Oil’s Outlier In The Post-Pandemic World

Jul 02, 2020 at 17:35

While oil majors stuck to spending discipline after the 2015-2016 price crash, ExxonMobil was the one to stand out from the crowd as it increased capital expenditures to boost production.  …

Satellite Data Exposes A Massive Methane Problem

Jul 02, 2020 at 16:54

The fossil fuel industry has received plenty of flak over the past decade for its conspicuous role in climate change. The usual script goes something like this: Fossil…

Goldman Sachs: Prepare For A Global Consolidation Of Refineries

Jul 02, 2020 at 13:47

A wave of new oil refineries coming online in the Middle East and China will knock others offline, ushering in a period of consolidation, according to a new report from…

Moody’s Turns Bearish On Oil Demand Growth

Jul 02, 2020 at 12:43

Billions of people spent the last few months in a lockdown of some form or another with travel bans or severe restrictions in place. Some warn that this will be…

Russia Expects OPEC+ To Ease Cuts Next Month

Jul 02, 2020 at 12:05

OPEC+ is not discussing or planning changes to its production cut agreement, which should see the oil producers ease the cuts in August, Russia’s Energy Minister Alexander Novak said at an…

U.S. Shale Needs To Rethink Its Strategy To Survive

Jul 02, 2020 at 11:56

U.S. shale is hurting. While the entire global energy industry has been hit hard by the novel coronavirus pandemic and its disastrous effect on oil prices and oil…

A Look At Europe’s Ambitious $140 Billion Hydrogen Plan

Jul 02, 2020 at 11:37

Europe’s most powerful supranational organization, the European Commission has earmarked the energy transition as one of the most important topics for the coming years. The European Green Deal is one…

Oil Rig Count Collapse Beginning To Slow

Jul 02, 2020 at 12:29

Baker Hughes reported on Thursday that the number of oil and gas rigs in the US fell again this week, by 2, to 263, showing the second small loss in…

U.S. Shale Scrambles For Credit With Oil At $40

Jul 02, 2020 at 11:17

U.S. oil and gas companies are scrambling for credit, with lenders tightening their purse strings as oil prices continue to sit below $40 per barrel. Oil and gas lenders have…

Is The UK Doing Enough To Stimulate EV Sales?

Jul 02, 2020 at 10:52

Sales of plug-in hybrids and battery electric cars in the UK inched up to 7 percent of total sales in the first quarter of the year, Reuters’ John Kemp wrote this…

Goldman Sachs Expects Crude Prices To Rise In 2021

Jul 02, 2020 at 09:47

Goldman Sachs’ commodity analysts remain guarded about oil’s potential to rise over the near term, but in 2021, prices may start to improve, commodity chief Jeffrey Currie told Bloomberg’s Alix Steel.…

Citigroup: Oil Will Never Return To $100

Jul 02, 2020 at 09:00

Crude oil prices are unlikely to return to three-digit levels ever again, Citigroup commodity analysts said in a note, as quoted by Bloomberg. The idea of oil at $100 or higher,…

Are Oil Bulls In For A Disappointing July?

Jul 01, 2020 at 17:26

The oil market continues to tighten, but the surge of coronavirus cases in the U.S. could derail the rally in crude prices.  OPEC+ can claim most…

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