Article Archive | Page 912

Nov 21, 2018 at 13:23

ILUC is a little-known acronym that strikes fear into the heart of biofuels producers. It stands for Indirect Land Use Change and describes a change in land use, for example…

Nov 21, 2018 at 13:18

December 6 might become the next key milestone in OPEC’s drive to keep oil prices within a more or less universally acceptable range. Until then, we are going to see…

Nov 21, 2018 at 12:51

South Korea is continuing to hold its dominant position in tanker delivery of liquefied natural gas (LNG) by winning major shipping orders over the next three years valued at…

Nov 21, 2018 at 12:34

Baker Hughes reported a 3-rig decrease for oil and gas in the United States this week. The total number of active oil and gas drilling rigs now stands at 1,079…

Nov 21, 2018 at 11:51

China and the Philippines have just announced an official agreement to go forward with a groundbreaking joint oil and gas exploration deal - reportedly the biggest oil and gas…

Nov 21, 2018 at 09:49

A day after the American Petroleum Institute’s weekly inventory estimate slowed down the price decline in West Texas Intermediate, the Energy Information Administration dampened optimism by reporting a…

Nov 21, 2018 at 09:11

Goldman Sachs expects the heightened oil price volatility that began last week to continue into the next few weeks, the investment bank said in a note to clients…

Nov 20, 2018 at 17:43

Oil prices collapsed on Tuesday for the second time in a week. During midday trading, WTI fell below $55 per barrel and Brent dropped below $65 per barrel. Both benchmarks…

Nov 20, 2018 at 17:25

Oil prices are off 25 percent from their four-year highs reached in early October, after the massive sell-off that began later that month which dragged crude oil squarely into bear…

Nov 20, 2018 at 16:59

Oil industry executives are surely pleased with themselves this year, with both large and small companies reporting improved financials after years of struggling. A Reuters survey finds a significant…

Nov 20, 2018 at 14:32

Wood Mackenzie isn’t pulling any punches. “The warning signs are there – the industry isn’t finding enough oil.” And its latest report continues in the same ‘spade is a spade’…

Nov 20, 2018 at 14:30

Bearish sentiment has taken hold of oil markets, with oil and gas companies having lost $1 trillion since oil began its latest slide.  (Click to…

Nov 20, 2018 at 12:50

Saudi Aramco has changed its mind about a bond sale of about US$40 billion that would have funded the bigger part of its planned acquisition of a majority stake in…

Nov 20, 2018 at 12:06

OPEC will very likely agree to cut oil production at its upcoming meeting in early December, although the size of the cuts is yet to be decided, Ahmed al-Kaabi,…

Nov 20, 2018 at 10:54

Crude oil stockpiles in China rose by 29.09 million barrels last month from a month before and are likely to continue up, S&P Global Platts calculations have suggested. The…

Nov 20, 2018 at 09:30

Albertan oil producers need to become warier of overbooking already filled to capacity oil pipelines creating what’s commonly called “air barrels” as these contribute to the huge discount Canadian crude…

Nov 19, 2018 at 17:58

U.S. president Trump is facing strong internal pressure to punish Saudi Arabia in the coming days. For Washington, however, this could be a double-edged sword, as turning on Saudi Crown…

Nov 19, 2018 at 17:47

Iraq is set to bring long disrupted oil back online, adding fresh barrels to a market already weighed down by ample supplies across the globe. A little over a year…

Nov 19, 2018 at 17:00

Over the past three years, the Permian has been the focus of both oil analyst and buyers’ attention. Most of the new drilling and asset acquisitions in America took place…

Nov 19, 2018 at 13:34

While OPEC is considering cutting oil production again, the executive director of the International Energy Agency (IEA), Fatih Birol, called on Monday for ‘common sense’ because fresh cuts could have…