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Article Archive | Page 7

Saudi King Ousts Al-Falih From Oil Ministry, Appoints Son

Saudi King Ousts Al-Falih From Oil Ministry, Appoints Son

Sep 09, 2019 at 09:03

Saudi Arabia’s King Salman has replaced Energy Minister Khalid al-Falih with his son Abdulaziz, a long-term member of the Saudi delegation to OPEC. CNN quoted a source from OPEC…

OPEC Needs A Miracle To Push Prices Higher

OPEC Needs A Miracle To Push Prices Higher

Sep 06, 2019 at 17:34

It’s not a secret: OPEC has painted itself into a corner by relying exclusively on supply control to be able to manipulate international oil prices in a way that is…

Alaska’s Last Oil Frontier Will Never Be Developed

Alaska’s Last Oil Frontier Will Never Be Developed

Sep 06, 2019 at 17:27

The Arctic National Wildlife Refuge (ANWR) has long been of great interest to oil executives, state and federal politicians, and those concerned with the United States’ energy security. Until fracking…

U.S. Drillers Reduce Staff And Budgets As Oil Prices Stay Low

U.S. Drillers Reduce Staff And Budgets As Oil Prices Stay Low

Sep 06, 2019 at 17:11

The U.S. shale patch is bracing for an extended period of weak oil prices and drillers and oilfield services firms are cutting staff and reducing budgets to weather the…

This Field’s Production Record Says Much About Kurdistan’s Oil Potential

This Field’s Production Record Says Much About Kurdistan’s Oil Potential

Sep 06, 2019 at 17:03

News out last week that the relatively new development of the Atrush oil field in the semi-autonomous Kurdistan Region of Iraq (KRI) had passed the benchmark of one million barrels…

Is The Hottest Conflict In The Middle East Coming To An End?

Is The Hottest Conflict In The Middle East Coming To An End?

Sep 06, 2019 at 16:55

The war in Yemen has now proven to be a key trigger for the reduction of the US’ 70-year strategic dominance of the Persian Gulf and Arabian Peninsula. This is…

Oil Majors Go Bargain Hunting In The Permian

Oil Majors Go Bargain Hunting In The Permian

Sep 06, 2019 at 16:49

When Occidental and Chevron started the bidding war to buy Anadarko this spring, analysts predicted that it was the beginning of a wave of consolidation in the largest U.S.…

U.S. Oil Market Suffering As The Trade War Escalates

U.S. Oil Market Suffering As The Trade War Escalates

Sep 06, 2019 at 16:42

The ongoing trade war with China is impacting many industries. Market volatility is being exacerbated by President Trump’s pattern of vacillating between threats and cease-fires on the topic. At the…

China Unfazed By U.S. Blacklisting Its Nuclear Firms

China Unfazed By U.S. Blacklisting Its Nuclear Firms

Sep 06, 2019 at 16:34

Last month the United States made the controversial decision to blacklist one of China’s most significant state-owned nuclear power companies. According to an announcement on the United States Federal Register,…

The Best Way To Play The Energy Sector Sell-Off

The Best Way To Play The Energy Sector Sell-Off

Sep 06, 2019 at 16:29

Last week I received a news alert that highlighted the extent of the current bear market in energy stocks. Typically, late in a business cycle and with a potential recession…

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