Article Archive | Page 727

Feb 12, 2020 at 17:09

Sources from Kuwait and Saudi Arabia last week let it be known that trial production of 10,000 barrels per day (bpd) would start at the Khafji field in the ‘Partitioned…

Feb 12, 2020 at 16:53

Natural gas prices under $2/MMBtu have hit Appalachian shale gas drillers hard, but the longer the gas glut wears on, the deeper the problems will become. With each passing week,…

Feb 12, 2020 at 15:00

As the 2019-nCoV coronavirus continues to wreak havoc on the oil markets, dropping oil prices more vehemently and abruptly than the 2003 SARS outbreak did, the current plight of Libya…

Feb 12, 2020 at 12:49

We are less than two months into the new decade and we’ve already seen multiple major oil market events. The first was the killing of Qasim Soleimani, the commander…

Feb 12, 2020 at 12:14

An ongoing two-year long trade war between the US and China that has impacted the exports of both countries seemed to be closer to a resolution in January, when the…

Feb 12, 2020 at 12:00

Crude oil production in North Dakota could peak over the next five years as producers will have drilled up the core production areas and will have to move to…

Feb 12, 2020 at 11:18

OPEC slashed on Wednesday its global oil demand growth forecast for 2020, expecting the coronavirus outbreak to weigh heavily on fuel demand in the world’s oil demand growth driver, China.…

Feb 12, 2020 at 10:57

The coronavirus outbreak is impacting the energy sector beyond the depressed oil demand in the world’s top oil importer and key oil demand growth driver, China. Due to factory shutdowns…

Feb 12, 2020 at 09:40

Crude oil prices hesitated today after the Energy Information Administration reported a U.S. oil inventory build of 7.5 million barrels for the first week of February. The report came…

Feb 12, 2020 at 09:06

Perhaps buoyed by speculation that oil demand in China is set to plunge as much as 20% if not more on the coronavirus "demand shock", on Tuesday OPEC slashed it forecast…

Feb 11, 2020 at 16:48

Libya’s oil production is down to less than 200,000 bpd, and the uncertainty surrounding the outage create complications for OPEC+ as it looks to cut deeper. Libya’s civil war entered…

Feb 11, 2020 at 16:48

The global drive to mitigate the impact of climate change and boost renewable energy is threatening the immense wealth that the Arab Gulf oil producers have accumulated from crude oil…

Feb 11, 2020 at 16:44

As the world grapples with containing carbon emissions to fight climate change, scientists have created a new material that has the potential to reduce emissions from crude oil refining and…

Feb 11, 2020 at 15:59

Finally, a positive climate-related note coming out of the fossil fuels industry at a time when its reputation is beyond battered as it takes the bulk of the blame for…

Feb 11, 2020 at 13:32

Hydrogen is often touted as a green and nearly inexhaustible source of clean energy. The first element of the periodic table burns completely clean, leaving nothing behind but water vapor.…

Feb 11, 2020 at 13:25

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Feb 11, 2020 at 11:45

When Alberto Fernandez, Argentina’s new left-leaning president, entered into office December 10 the international markets were anxious to see whether the post-Macri era would result in an energy policy reversal,…

Feb 11, 2020 at 10:34

Chevron has boosted oil production at its joint venture with Venezuela’s PDVSA to the highest in almost a year, Bloomberg reports, adding that the Maduro government is considering giving…

Feb 11, 2020 at 09:37

The coronavirus epidemic in China has triggered restrictions in the country’s public transport and air travel, both at a domestic and an international level, reducing demand for oil, which has…

Feb 10, 2020 at 16:56

In a market environment in which the majority of day-to-day traders are retired, moved on, or fired within a decade or less, the reaction to events of a type that…