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Article Archive | Page 931

Oil Markets Unfazed By $200 Billion Trade War Escalation

Sep 18, 2018 at 12:35

Oil prices are up slighting despite the ongoing tit-for-tat tariff war between the United States and China.  (Click to enlarge)

Saudi Oil Inventories Continue To Plummet

Sep 18, 2018 at 11:39

In July, Saudi Arabia saw its highest crude oil stocks draw in eight months at 5.51 million barrels, after the Kingdom unexpectedly reduced its production compared to June while it…

U.S. Shale Oil Production Beats Estimates Again

Sep 18, 2018 at 10:55

Crude oil production in the U.S. shale patch will hit 7.59 million bpd next month, the Energy Information Administration said in its latest Drilling Productivity Report. This is 79,000…

Oil Prices Jump On Saudi Arabia’s $80 Claim

Sep 18, 2018 at 08:57

Oil prices were up early on Tuesday morning amid reports that Saudi Arabia would be comfortable letting oil prices rise above $80 a barrel and OPEC may not be rushing…

Why WTI Could Crash In The Coming Weeks

Sep 17, 2018 at 14:41

West Texas Intermediate could drop to US$65 a barrel later this year on the back of extra maintenance work at U.S. refineries, Tom Kloza from the Oil Price Information Service…

Is The Shale Slowdown Overblown?

Sep 17, 2018 at 14:41

The shale industry has hit a bit of a rough patch, with pipeline bottlenecks, cost inflation and a crowded field contributing to a drilling and production slowdown. But many in…

Colorado’s Oil Industry Braces For A Devastating Blow

Sep 17, 2018 at 14:41

Colorado will vote on November 6 on a ballot proposition to increase the setback distance for drilling oil and gas wells by five times to 2,500 feet. Proponents of the…

The Altay Pipeline: A Geopolitical Game Changer

Sep 17, 2018 at 14:40

It is a matter of common knowledge that energy relations between Russia and China have boomed in the past decade, with all sorts of new infrastructure being built to facilitate…

Iraq’s Oil Production Problem

Sep 17, 2018 at 12:34

Iraq’s oil production will only grow marginally over the next 10 years despite its potential capacity, which stands at as much as 7 million bpd, an analyst from IHS Markit…

Can Millennials Save Tesla?

Sep 17, 2018 at 12:17

While they already had their hands full killing mayonnaise, Applebee’s, and countless other industries that make up the cornerstone of American culture, in these past weeks millennials…

The Age Of Electrification Has Arrived

Sep 17, 2018 at 10:41

Electric vehicles continue to gain market share at an accelerating rate, but electrification could go even further, expanding into the realm of commercial trucking, marine travel and even to airplanes.…

The Massachusetts Gas Disaster Could Spark An Energy Crisis

Sep 17, 2018 at 10:07

An unprecedented tragedy struck a small portion of eastern Massachusetts last week when dozens of houses in the towns of Lawrence, Andover and North Andover in the Merrimack Valley began…

Iran Accuses Russia And Saudi Arabia Of Stealing Market Share

Sep 17, 2018 at 09:29

Russia and Saudi Arabia are eating into Iran’s oil market share, Tehran’s OPEC governor, Hossein Kazempour Ardebili, said in an interview with state oil agency Shana. The official did…

Can India Afford To Cut Iranian Imports To Zero?

Sep 14, 2018 at 14:54

India is set to cut its imports of oil from Iran by half over the next two months, which will put a significant dent in Iran’s ability to find markets…

Norway’s Offshore Oil Boom Is Back On

Sep 14, 2018 at 14:23

The rise in oil prices brought about the recovery of Norway’s oil industry, with companies lining up plans to invest in boosting oil production on the Norwegian Continental Shelf (NCS)—surely…

Refiners Aren’t To Blame For Climate Change

Sep 14, 2018 at 14:20

For about a decade, Texas has considered the idea of erecting a coastal barrier to protect against the impacts of hurricanes. Texas A&M researchers concluded that a direct hit to Galveston from…

Diesel Demand Is Set To Soar

Sep 14, 2018 at 14:18

The International Maritime Organization’s new rules on fuel emissions that will come into effect in 2020 will help to lift diesel demand, according to industry insiders attending an S&P Global…

Hurricane Florence Could Send Coal Prices Soaring

Sep 14, 2018 at 14:15

As Hurricane Florence — a monster Category 2 storm — takes aim at southeastern United States, one of the country’s most important coal export hubs has halted operations due to looming…

The Millennials Making Millions In Texas Oil

Sep 14, 2018 at 14:09

John Sellers and Cody Campbell are holding court one hot August evening in the corner of an oil-themed dive bar in Midland, Texas. After flying in on their private jet,…

The U.S. Calls On Russia To Cap Soaring Oil Prices

Sep 14, 2018 at 14:02

As crucial mid-term congressional elections in November draw near, the Trump administration is feeling the heat over higher oil prices. London-traded global oil benchmark Brent breached the $80 per barrel…

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