Are we nearing another financial crisis? The supply-side story for oil prices is heavily skewed to the upside, with production losses from Iran and Venezuela causing a rapid tightening of…
OPEC meetings, or more recently the meetings of “OPEC and friends”, are always big news in the energy sector. The price of oil is the most important factor in the…
Friday September 21, 2018 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy…
This week saw the latest exchange of tariffs between Washington and Beijing, and this time there is a likely to be a tangible negative impact on the U.S. LNG industry.…
U.S. November West Texas Intermediate and international-benchmark December Brent crude oil are poised to close higher for the week. Furthermore, both futures contracts are in a position to close on…
Bullish news on both the supply and demand side sent oil prices up again on Friday morning, with Brent falling back after…
Baker Hughes reported a loss of two rigs in the United States this week, bringing the total number of active oil and gas rigs to 1,053 according to the report,…
India plans to ask its state-held oil refiners to lock in the price of their crude oil futures purchases amid a sliding local currency and expectations of higher oil prices…
Iran’s Air Force and the Islamic Revolution Guards Corps began on Friday fighter jet drills over the waters near the world’s most important oil chokepoint, the Strait of Hormuz,…
It’s about that time again. WTI hits $70 per barrel and the tweet-rage is back. We protect the countries of the Middle East, they would…
For more than a week, Brent Crude prices have been flirting with the $80 threshold as market participants have focused on the shrinking oil supply from Iran and continuous…
Canada is requiring stronger tanks cars for transporting crude oil ahead of previously set deadlines, the country’s transport minister said on Wednesday. Transport Canada, the government department responsible for…
Hoping to push back against Russia and prevent president Trump from changing current policy, the Senate has produced two new sanctions bills: the Defending Elections from Threats by Establishing Redlines…
Oilfield service providers suffered the heaviest blows from the 2014 oil price meltdown—there is little question about that. And the situation was particularly grave in Canada, and continues to be…
Hydrogen is seeing support grow in Europe as an alternative to oil and gas, and over renewable energy such as wind and solar. On Tuesday, 25 European nations backed…
So far, 2018 has been a good year for Gazprom. The Russian state-owned company is the biggest investor in oil and gas projects in the world with $160 billion…
As Brent Crude prices have been slowly creeping up to the $80 mark for a week, U.S. President Donald Trump took to Twitter again to slam OPEC about pushing prices…
A recent surge in final investment decisions (FIDs) on offshore oil and gas projects has set the scene for a healthy increase in offshore investments next year, thus preventing the…
OPEC members and their Russia-led non-OPEC allies have yet to decide how to share the 1 million bpd production boost they pledged in June. when they saw the market started…
Iran’s oil exports started to fall noticeably in August as key customers in Asia began to curtail oil purchases to either comply with the U.S. efforts to bring Iranian exports…