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Article Archive | Page 823

The Oil Company Investors Fear Most

Jun 18, 2019 at 16:54

Last week saw another upwards revision in Saudi Arabia’s proved oil reserves, this time via BP (although the figures came from Saudi’s state hydrocarbons behemoth, Saudi Aramco), putting them 11%…

Is Big Oil’s Plastic Bet Going Sour?

Jun 18, 2019 at 13:39

While Greenpeace activists were busy planning their occupation of a BP drilling rig, Exxon and Sabic sealed a US$10-billion deal…

Norwegian Oil Pioneer: Big Oil’s Exodus Has Started

Jun 18, 2019 at 12:22

Smaller independent oil and gas producers will have more opportunities to develop resources on the Norwegian Continental Shelf (NCS) because in ten years’ time all oil majors except state-participated Equinor…

Are Oil Markets At A Turning Point?

Jun 18, 2019 at 12:18

Oil prices spiked on Tuesday as news of a planned meeting between President Trump and President Xi on the sidelines of the G-20 gave markets hope that the trade war…

U.S. Oil Sanctions Trigger Recession In Iran

Jun 18, 2019 at 11:51

Iran’s economy contracted by 4.9 percent in the 2018-2019 year ended in March, slipping further into recession as diminishing oil exports due to the U.S. sanctions are depriving the…

Oil Prices Jump On Hopes Of End To U.S.-China Trade War

Jun 18, 2019 at 10:50

Oil prices erased earlier losses and surged on Tuesday morning after U.S. President Donald Trump said that he would meet his Chinese counterpart next week to discuss the ongoing trade…

OPEC Aims For $60-$70 Oil

Jun 18, 2019 at 09:27

OPEC members are happy with crude oil prices between US$60 and US$70 per barrel, Equatorial Guinea’s oil minister Gabriel Mbaga Obiang Lima told S&P Global Platts in an interview,…

The Oil Price Risk Analysts Are Ignoring

Jun 17, 2019 at 17:52

Oil prices have given up some of the gains from last week’s oil tanker attack in the Gulf of Oman, with recession fears outweighing geopolitical tension and the risk of…

Declassified: The Sino-Russian Masterplan To End U.S. Dominance In Middle East

Jun 17, 2019 at 17:20

Russian Pres. Vladimir Putin’s early June 2019 summit in Moscow with People’s Republic of China (PRC) Pres. Xi Jinping seems likely to have a disproportionate influence on the next phases…

Cheddar To The Rescue? UK Company Uses Cheese To Power 4,000 Homes

Jun 17, 2019 at 17:00

A UK dairy in Yorkshire has signed an agreement with a local biogas plant to supply it with a by-product of cheese-making that would be turned into thermal power…

Supply Woes Keep Oil Prices Subdued

Jun 17, 2019 at 16:09

The fundamentals seem to be heading in the wrong direction for oil prices, with demand weakening even as supply continues to exceed expectations. The result is a rapid buildup in…

Canada’s Oil Patch Faces Investor Exodus

Jun 17, 2019 at 14:21

Insufficient market access and continued uncertainty over additional pipeline capacity have finally caught up with the growth projections of Canada’s oil industry association. The Canadian Association of Petroleum Producers (CAPP)…

A Major Existential Threat Is Arising For Natural Gas

Jun 17, 2019 at 14:02

Two recent explosions at hydrogen fueling stations may have soured the fuel’s reputation, but there is increasingly optimistic sentiment for it, with two reports last week claiming it will…

OPEC Discord Grows As Saudis Hint At ‘Delayed’ Meeting

Jun 17, 2019 at 11:18

Khalid al-Falih, the energy minister of OPEC’s largest producer and de facto leader, Saudi Arabia, reiterated on Sunday his hope that the cartel would reach a deal to extend…

Energy Majors Face Off To Get A Piece Of This $40 Billion Deal

Jun 17, 2019 at 10:50

With the sweltering summer heat advancing, Iraq’s electricity sector is in desperate need of an upgrade. Residents suffer significant daily power outages, which often makes life unbearable…

Pompeo Makes Hard Claim: Strait Of Hormuz Will Remain Open

Jun 17, 2019 at 09:31

The Strait of Hormuz will remain open for all vessels, the U.S. Secretary of State Mike Pompeo told CBS in an interview this Sunday, adding that Washington was considering…

Why The Oklahoma Shale Boom Isn’t Taking Off

Jun 14, 2019 at 16:19

Just three years ago it was the new hot spot in U.S. shale, the “Permian Jr.”, and the place where many pinned their hopes for the next oil boom. Now,…

Is This The Best Dividend Stock In Oil & Gas?

Jun 14, 2019 at 16:16

The moderating global growth story from trade tantrums, primarily between the U.S. and China, have kept a lid on the fortunes many of the Super Major oil companies through the…

Tanker Attacks Could Have A Lasting Effect On Oil Prices

Jun 14, 2019 at 16:16

The second apparent attack on oil tankers in the Middle East in a month rekindled tensions in the region and had the oil market forget, at least for a…

Canada Can’t Get Its Pipeline Problem Under Control

Jun 14, 2019 at 16:13

Alberta’s oil and gas industry has had a very, very rough year. With a major pipeline infrastructure deficit and major delays and setbacks for all new pipeline projects, with no…

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