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Article Archive | Page 6

Oil Prices Steady After EIA Confirms Much Smaller Draw

Oil Prices Steady After EIA Confirms Much Smaller Draw

Dec 12, 2018 at 09:40

Crude oil prices remained steady today after the Energy Information Administration confirmed an API estimate of a crude oil inventory draw but a much smaller one than API’s

China Determined To Avoid Another Natural Gas Crisis

China Determined To Avoid Another Natural Gas Crisis

Dec 12, 2018 at 07:43

Last winter, China gobbled up spot cargoes to meet soaring natural gas demand in freezing temperatures, upending the liquefied natural gas (LNG) market, which was thought to be on the…

Global Market Turbulence Caps Oil Prices

Global Market Turbulence Caps Oil Prices

Dec 11, 2018 at 16:58

The ink has barely dried on the highly-anticipated OPEC+ deal, but the oil market is moving on, growing concerned about other issues. Oil prices gained around 4 percent immediately after…

What Would A New OPEC Look Like?

What Would A New OPEC Look Like?

Dec 11, 2018 at 16:54

The global oil market is going through a metamorphosis, and if the signs are right, a possible long-term partnership between OPEC and its former rivals, especially Russia, looks to…

Citi: Oil Prices Are Going Nowhere Next Year

Citi: Oil Prices Are Going Nowhere Next Year

Dec 11, 2018 at 15:55

We’ve been here before and since global oil markets are indeed cyclical, Citi’s new oil price forecast for 2019 should not come as much of a surprise. The bank…

Oil Majors Cautious But Upbeat About 2019

Oil Majors Cautious But Upbeat About 2019

Dec 11, 2018 at 15:41

After Chevron last week said it will increase its capex for 2019 for the first time in four years, this week two more oil majors joined the ranks of…

Nuclear Power Becomes Critical To Arctic Dominance

Nuclear Power Becomes Critical To Arctic Dominance

Dec 11, 2018 at 12:25

For many, the Northeast Passage through the Arctic could one day be a ‘Northern Suez Canal’. While icy waters have frozen such dreams, recent advances in nuclear technology might finally…

Uncertainty Lingers In Oil Markets Despite OPEC Cuts

Uncertainty Lingers In Oil Markets Despite OPEC Cuts

Dec 11, 2018 at 12:06

Oil prices bounced on Tuesday after losing ground on Monday as news of unexpected outages in Libya helped buoy sentiment. (Click to enlarge)

Will China Turn Its Back On U.S. LNG?

Will China Turn Its Back On U.S. LNG?

Dec 11, 2018 at 11:33

There was a sigh of relief from global markets when the leaders of China and the U.S. met on the side-lines of the G20 summit to agree upon a temporary…

Iran Widens Discount For Crude To Asia

Iran Widens Discount For Crude To Asia

Dec 11, 2018 at 10:51

Iran is going to offer its crude to Asian buyers, to be delivered in January, at US$1 per barrel less than this month, Reuters reports, citing a pricing document. The…

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