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Article Archive | Page 840

Saudi Arabia Hikes Oil Prices For Asian Buyers As Supply Crunch Hits

May 07, 2019 at 11:52

Saudi Arabia has increased its official selling prices for all crude oil grades for Asian buyers with delivery in June as a supply crunch…

The Saudi Plan To Boost Spare Oil Production Capacity

May 07, 2019 at 10:34

Even as Saudi Arabia’s oil production reached record levels, with total output hitting 11.1m barrels per day (bpd) in November 2018, the country is boosting levels of investment to ensure…

There’s Tremendous Room For Growth In Offshore Oil & Gas

May 07, 2019 at 09:34

The Offshore Technology Conference (OTC) in Houston, Texas celebrates its 50th birthday this week, begging the question – what will the next 50 years hold for the…

Trump’s Dangerous Oil Price Game

May 06, 2019 at 17:24

Trump’s trade war may have depressed oil prices at the start of the week, but the U.S.’ decision to send warships to the Middle East is an ominous sign…

The Top Oil & Gas Companies This Earnings Season

May 06, 2019 at 17:17

Volatile crude prices and weak refining margins led to lower earnings at all five oil supermajors in the first quarter of 2019, suggesting that Big Oil shouldn’t stay complacent several…

Global Markets In Tailspin After Trump Reignites Trade War

May 06, 2019 at 15:59

Oil prices sank on Monday morning after President Trump decided to reignite the trade war with China just before it was supposed to be resolved. Trump took to twitter…

EU Promises To Double U.S. LNG Imports Within 5 Years

May 06, 2019 at 15:29

The European Union has promised to double its intake of U.S. liquefied natural gas over the next five years with the annual total reaching the equivalent of 8 billion cubic…

China Set To Defy U.S. Sanctions On Iran

May 06, 2019 at 13:51

Tensions between Washington and Beijing could soon peak if China positions itself to defy President Trump’s repeal of Iranian oil sanctions waivers. On Saturday, noted Chinese analysts said that…

What Explains China’s Thirst For Saudi Oil

May 06, 2019 at 13:48

China stepped up purchases of Saudi oil in the first four months of this year as a private refiner is raising crude intake from the Kingdom that has secured term…

Nigeria Shuts In More Oil After Protests In Niger Delta

May 06, 2019 at 12:00

A key oil pipeline and a logistics base in Nigeria’s oil-rich Niger Delta have been impacted by a shutdown and protests, the operator of the facilities said on Monday, in…

Oil Falls As Trump Threatens New Tariffs On China

May 06, 2019 at 11:01

Oil prices fell on Monday as President Donald Trump has threatened China to slap a 25-percent tariff on hundreds of billions worth of Chinese goods that have…

Buffett’s Big Bet On Energy

May 06, 2019 at 09:24

One of America’s most legendary investors, Warren Buffett, plans to invest heavily in energy, he revealed during the annual shareholders’ meeting of his principal investment vehicle Berkshire Hathaway. MarketWatch

Middle East Oil Giants Are About To Upend Oil Trading

May 03, 2019 at 17:02

The summer of 2019 could be a watershed moment in global commodity markets. The next couple of months, could see a major reshuffle of global commodity trade and financial markets…

This World-Class Shale Frontier Just Opened Up

May 03, 2019 at 16:59

A region in Australia has recently lifted a moratorium on fracking. Local companies aim to begin this year exploration of what they believe are huge shale gas reserves, potentially capable…

Europe Throws Billions At New EV Battery Ventures

May 03, 2019 at 16:59

Europe is slowly but surely working to catch up with the world’s largest EV battery producers after it was almost terminally late to the party. After years of neglecting the…

Are We Really Facing A Battery Metal Shortage?

May 03, 2019 at 16:59

Tesla says that there could be a shortage of the key metals used in the manufacturing of electric vehicles as a dearth of investment in mining fails to keep up…

Electric Fracking Could Take Over The Permian

May 03, 2019 at 16:59

Shale production in West Texas continues to boom--so much so that shale oil and gas producers in the Permian Basin have more than they know what to do with. As…

OPEC Is Facing An Existential Crisis

May 03, 2019 at 16:58

Global oil market fundamentals are looking particularly bullish, from the OPEC+ production cuts, to the constraints of exports in Nigeria and the U.S. sanctions on Iran and Venezuelan. While oil…

Pipeline Bottlenecks Cost Canadian Producers $20 Billion

May 03, 2019 at 16:58

Canada has plenty of oil, and demand is high, but the Canadian oil industry has nevertheless taken a major hit this year thanks to its persisting pipeline bottleneck. The Albertan…

China Invests In Game-Changing Arctic LNG Project

May 03, 2019 at 16:58

Russia’s second largest natural gas producer, independent player Novatek, has signed up key participation from two state-owned Chinese oil majors in its massive Arctic LNG 2 project. The deals were…

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