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Article Archive | Page 837

Only 10% Of U.S. Shale Drillers Have A Positive Cash Flow

May 29, 2019 at 10:58

Nine in ten US shale oil companies are burning cash, according to Rystad Energy. Rystad has studied the financial performance of 40 dedicated US shale oil companies, focusing on cash…

Oil Prices Plunge On U.S.-China Trade War Escalation

May 29, 2019 at 09:06

Oil prices tanked on Wednesday morning after China upped the ante in the trade war, hinting at stifling rare earth minerals exports to the United States—a move that rekindled concern…

Peace And Oil: Trump’s Endgame In Saudi Arabia

May 28, 2019 at 16:04

By now, after two-and-a-half years in office, it’s obvious that President Trump’s relations with Riyadh are dictating his foreign policy, even at the expense of further enraging a Democratic-controlled Congress…

The Second Machine Age Could Crash Oil Prices

May 28, 2019 at 15:51

The International Energy Agency (IEA), OPEC and the U.S. Energy Information Administration (EIA), have consistently and seriously underestimated U.S. oil production, and hence non-OPEC supply, since the Shale Oil Revolution…

Nuclear Power Dying A Slow Death

May 28, 2019 at 15:41

Global nuclear power capacity could plunge by two-thirds over the next 20 years. Even as investment in solar and wind is surging, nuclear power has been the main source of…

Why EVs Can’t Do Without Oil

May 28, 2019 at 14:18

Like most debates these days, the debate on the carbon footprint of electric vehicles is a heated one with the most vocal opinions coming from extreme camps. Again, like most…

The Next LNG Boom Will Dwarf The Last One

May 28, 2019 at 12:24

Demand for liquefied natural gas (LNG) will continue to rise in the foreseeable future as global natural gas demand will grow exponentially with major emerging economies raising the share of…

Oil Markets Are Stuck Once Again

May 28, 2019 at 12:24

Oil markets have found themselves torn once again between supply fears and an economic slowdown, with oil prices now having stabilized at a lower level. Investor Alert: A…

Norwegian Oil Patch Ramps Up Spending To Counter Decline

May 28, 2019 at 11:01

Norway’s oil and gas companies plan to spend 17 percent more this year, at about US$21.11 billion as they step up their exploration and production efforts, Reuters reports, citing…

This Troubled Nation Just Made A Critical Gas Discovery

May 28, 2019 at 09:44

Algeria has made a critical discovery of gas, its energy minister said on Monday, in a find that could provide for the African nation’s increasing gas consumption at home—if…

The Single Biggest Challenge For The Oil & Gas Industry

May 28, 2019 at 09:28

The string of new oil discoveries off the coast of Guyana has lifted spirits recently, creating the impression that the energy industry is back on its feet and making more…

Why Bears Will Win The Oil Price War

May 27, 2019 at 17:22

Oil prices may have had an impressive rally this year – until last week – but the longer-term trend looks downbeat. “Deflationary forces are gathering momentum,” Morgan Stanley analysts wrote…

The Biggest Losers In The Shale Slowdown

May 27, 2019 at 16:54

Schlumberger saw its debt rating downgraded by S&P due to the unfolding slowdown in drilling by U.S. shale companies. The largest oilfield service company in the world has seen its…

Have Gasoline Prices Peaked For 2019?

May 27, 2019 at 16:42

U.S. gasoline prices jumped the most since 2011 between New Year’s Day and early May this year, a few weeks before the unofficial start of the summer driving season—Memorial Day.…

Oil Majors Are Missing The Renewable Boom In Asia

May 27, 2019 at 13:59

Renewables energy investment in Asia, excluding China, will bypass spending on upstream oil and gas projects in the region as soon as next year, research consultancy Rystad Energy…

IEA: CO2 Levels Hit Another Record High

May 27, 2019 at 13:12

When the International Energy Agency (IEA) reported in late March that energy consumption in 2018 rose at the fastest rate in a decade, it confirmed something that most of…

Falling Russian Crude Output Lifts Brent Oil Prices

May 27, 2019 at 12:43

Russian oil production continues to trend lower in May as exports via the Druzhba oil pipeline have been restricted due to a contamination issue, helping Russia to finally fall in…

Renewables Investment To Overtake Oil & Gas In Asia

May 27, 2019 at 11:48

Renewable energy investment in Asia excluding China will overtake spending on upstream oil and gas projects in the region as soon as next year, according to Rystad Energy. Total capital…

Pentagon Accuses Iran Of Tanker Sabotage

May 27, 2019 at 10:10

The Pentagon has accused Iran’s Revolutionary Guard of sabotaging four vessels at the Emirati port of Fujairah that media reported earlier this month, and the reports pushed oil prices…

Saudi Oil Exports To China See Spectacular Jump

May 27, 2019 at 09:34

Saudi crude oil exports to China rose 43 percent on the year in April to an average 1.53 million bpd versus 1.07 million bpd in April 2018 as independent…

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