On April 10 the Abu Dhabi National Oil Company (ADNOC) unveiled detailed plans for its first competitive exploration and production bid round. In total, the six blocks – four…
Following the 2016 presidential election, I explained Why The Ethanol Industry Should Fear President Trump. Since that time, the ethanol industry has indeed been on the defensive. In fact,…
There are moments – very very few moments – when a trader feels he’s got the markets pretty well sussed, has his positions all in the right places and believes…
I spend a lot of time these days studying oil. From a trading perspective it is one of the best markets around, or at least for me. Futures provide highly…
Friday May 18, 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…
Asian economies are facing higher inflationary pressure as their crude oil import bill expands in line with benchmark prices. Although some analysts have argued that even oil at $100 a…
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to close higher for the third consecutive week. The market is being supported by strong demand,…
Oil prices pulled back slightly on Friday following a week of bullish news, and despite an increase in U.S. oil production, crude prices are set to continue climbing.
US drillers added 1 rig to the number of oil and gas rigs this week, according to Baker Hughes, with oil rigs holding steady and gas rigs adding one. The…
PetroChina has begun cutting natural gas deliveries to certain industrial clients signaling still tight supply of the fuel that caused rather severe shortages in northern China in December. Reuters quotes…
Tesla has thousands of Supercharger “locations” under construction or awaiting construction permits, Elon Musk said in a tweet responding to Kevin Mitnick’s question about Supercharger stations in California. Electrek…
On Thursday, Brent topped $80 per barrel for the first time since November 2014, breaching a psychological threshold amid tightening inventories and widening geopolitical risk. Yet, even as oil prices…
100 million. It’s a number that drowns comprehension; it’s more jelly beans than can fit in an average-sized swimming pool. Within a year, world oil consumption will top 100 million…
OPEC and Russia are meeting in a little more than a month to discuss the progress of their oil production deal and what’s next. On the face of things, there…
U.S. crude oil exports broke yet another record, spiking to 2.566 million barrels per day for the week ending on May 11. With U.S. shale surging and export terminals…
At the EIC Energy Vietnam Conference held today in Ho Chi Minh City (Saigon), there was considerable talk from a multitude of players discussing in length oil and gas…
While gasoline is up 50 cents per gallon over last year, car shoppers are still leaning toward larger, fuel-sipping vehicles over small, fuel-efficient cars. Oil analysts predict the price per…
There is a lively debate in the world of oil & gas surrounding the concept of peak demand. In essence, this debate centers around the question of when oil…
Iraq’s election on May 12 has upended the political landscape in the country. The incumbent Prime Minister, Haidar Al Abadi, lost the election as voters favored Iraqi nationalist Moqtada al-Sadr,…
Ticker: Two weeks after Saudi Arabia said it was targeting $80/bbl oil, this morning Riyadh got its wishes early when Brent hit the Saudi target, jumping as much as 1%…