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Article Archive | Page 698

How To Find A “Bargain” In A Distressed Energy Sector

Apr 03, 2020 at 12:00

If the history of the so-called “Great Recession” of 2008-9 is to be believed, while the current carnage in the energy space will negatively impact a lot of people, both…

U.S. Shale Ready To Fire Back In The Oil Price War

Apr 03, 2020 at 10:39

U.S. shale oil companies have started a lobbying campaign with Washington to take a more aggressive stance against Russia and Saudi Arabia to force them to cut oil production, the…

OPEC+ Discuss 10 Million Bpd Cut Involving Other Producers

Apr 03, 2020 at 08:54

Oil producers from the OPEC+ coalition are discussing the possibility of slashing global crude oil production by 10 million bpd in cooperation with producers from outside the group, a source…

What Really Caused Oil To Rally By 25%?

Apr 02, 2020 at 18:38

Oil prices spiked 25 percent on Thursday after President Trump tweeted that Saudi Arabia and Russia would cut production by 10 to 15 million barrels per day (mb/d),…

The Ocean Could Be The Ultimate Renewable Energy Source

Apr 02, 2020 at 17:50

For all their hype as the biggest and final frontier in clean energy production, tidal and wave power have never quite lived up to their potential. The IEA…

Why U.S. Shale Will Survive The Oil Price War

Apr 02, 2020 at 17:28

The future of the oil industry, it seems, all depends on who you ask. Many industry insiders and experts are crying armageddon, while others say that United States…

$5 Crude Could Put Canada’s Oil Sands Out Of Business

Apr 02, 2020 at 16:14

Over the last few weeks, the higher breakeven costs for oil and the lack of sufficient takeaway capacity has come back to haunt Canada’s oil patch. 

The Only Logical End To The Oil War

Apr 02, 2020 at 15:56

The global oil and gas industry is in a state of utter distress and uncertainty at the moment. At a time where the coronavirus pandemic is decimating oil…

What Happens If The World Runs Out Of Oil Storage?

Apr 02, 2020 at 14:14

It was only a matter of time, really. With demand decimated by the coronavirus and Saudi Arabia on the oil warpath, the imbalance between oil supply and demand…

Iraq On The Brink Of Civil War As Oil Revenues Evaporate

Apr 02, 2020 at 13:54

For many countries, the ongoing oil price depression has brought about a new era of impending economic implosion. Yet no one seems to suffer as much as Iraq nowadays –…

Oil Majors Rally On Rising Crude Prices

Apr 02, 2020 at 12:49

Big Oil’s stocks soared on Thursday, following the surge in oil prices after U.S. President Donald Trump said that he hoped and expected that Saudi Arabia and Russia would remove…

Why A 15 Million Barrel Per Day Cut Will Never Happen

Apr 02, 2020 at 12:00

Oil prices exploded on Thursday morning after US President Trump tweeted that he spoke with Saudi Crown Prince Mohammed bin Salman about a…

Trump Tweet Sends Oil Soaring 25%

Apr 02, 2020 at 10:35

Oil prices spiked on Thursday morning after U.S. President Donald Trump said that he spoke with the Saudi Crown Prince, and hoped and expected that Saudi Arabia and…

Russia: Oil Producing Countries Not Discussing Any New Deal 

Apr 02, 2020 at 09:33

No one has launched any talks about a potential new oil-production deal to replace the OPEC+ format, Dmitry Peskov, press secretary of Russia’s President Vladimir Putin, said on Thursday, hours after…

Oil Price War: Is It Game Over For Trump?

Apr 01, 2020 at 18:02

The U.S. government is trying to convince Russia and Saudi Arabia to end the price war, but the Trump administration has few tools at its disposal. 

Oil Prices Hit 20-Year Lows, But These Supermajors Are Hanging On Tight

Apr 01, 2020 at 17:55

Oil punters have been watching unfolding developments in the energy space with bated breath after Saudi Arabia made good on its promise to ramp up production to 12…

Unprecedented Demand Destruction Marks The Return Of The Super Contango

Apr 01, 2020 at 15:59

These days, every corner of the oil market is “unprecedented”—from the demand destruction to the supply surge and the resulting glut. The oil futures curve is no exception…

What Happens If You Can’t Pay Your Electricity Bill?

Apr 01, 2020 at 15:59

With over 3 million Americans losing their jobs, and many more forced into lockdown, utilities are facing lower demand and more consumers that can’t afford to pay the…

Oil Market Chaos Has Created The Greatest Trade In Decades

Apr 01, 2020 at 15:44

Over the past week, I have taken my bullishness on tankers from level 10 to 11. It started with the Saudis busting out of the cartel formerly known as OPEC+…

Coronavirus Could Lead To Mass Layoffs In Oil And Gas

Apr 01, 2020 at 14:20

As Covid-19 continues to shut down large swathes of the world, denting oil demand at a time when Saudi Arabia and Russia are set to increase supply, oil…

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