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Article Archive | Page 980

China Crushes Vietnam’s South China Sea Drilling Hopes

May 17, 2018 at 13:05

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…

Truck Sales Hold Steady Despite Soaring Gas Prices

May 17, 2018 at 12:29

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…

How To Mitigate The Risk Of Peak Oil Demand

May 17, 2018 at 11:57

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…

Uncertainty Spikes Following Iraqi Elections

May 17, 2018 at 10:59

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,…

Brent Breaks $80 On Flurry Of Bullish News

May 17, 2018 at 09:30

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%…

The Regulations That Could Push Oil Up To $90

May 16, 2018 at 17:14

International regulations on the fuels used in shipping could tighten the oil market and push prices up to $90 per barrel in the next two years. The International Maritime Organization…

IEA: High Oil Prices “Taking A Toll” On Demand

May 16, 2018 at 17:09

Geopolitics has taken over the oil market, driving oil prices up to three-year highs. The inventory surplus has vanished, and more outages could push oil prices up even higher.…

Rising Fuel Prices Could Offset Tax Cuts

May 16, 2018 at 16:21

The U.S. Environmental Protection Agency (EPA) is reviewing the fuel economy standards that is says are “not appropriate”, putting the federal government and California on a collision course over the…

This Major LNG Exporter Is Facing A Gas Shortage

May 16, 2018 at 14:42

Australia is on track to become the world’s largest LNG exporter by next year. Home to several giant offshore projects such as the Gorgon, Wheatstone, Prelude, and Ichthys, the…

OPEC Won’t Stop When Oil Hits $80

May 16, 2018 at 14:31

OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent briefly breaking above $79 a barrel on…

$4 Gasoline Could Cripple The U.S. Economy

May 16, 2018 at 13:37

Consumers, who are already being squeezed by rising interest rates (even as the return on their cash deposits remains anchored near zero), are facing another potential constraint on their already…

China Looks To Capitalize On Cheap Iranian Oil

May 16, 2018 at 11:34

It’s been a week since President Donald Trump announced that he would withdraw from the Iranian nuclear deal reached in 2015 and impose so-called powerful economic sanctions against the…

EU Could Switch To Euros In Oil Trade With Iran

May 16, 2018 at 10:45

The European Union (EU) is considering switching to euros instead of U.S. dollars in the oil trade with Iran, Sputnik reported on Wednesday, quoting a diplomatic source. Europe—collectively one…

Oil Prices Rebound On Crude Inventory Draw

May 16, 2018 at 09:45

A day after the American Petroleum Institute’s crude oil inventory report put a restraint on oil prices, the Energy Information Administration pushed prices up again by reporting a draw…

Will $100 Oil Kill The U.S. Economy?

May 15, 2018 at 17:07

Brent is nearing $80 per barrel and some analyst see $100 not far off. That raises the question about how much of a dent high oil prices will make in…

The Top Performing Stock Of The U.S. Shale Boom

May 15, 2018 at 16:43

Energy stocks have struggled to break out over the past year, although oil prices have been rising. Only recently, in the past month, the S&P 500 energy sector started…

These Two Shale Plays Are Making A Comeback

May 15, 2018 at 16:09

The Permian basin has garnered much of the media attention when it comes to U.S. shale growth, but higher oil prices are putting more shale regions into profitable territory. In…

Can The U.S. Avoid The LNG Export Trap?

May 15, 2018 at 15:40

The United States began exporting LNG just two years ago, and last year it was already a net exporter of the fuel, despite a global glut. By the end of…

Could This Be The Next Proxy War In The Middle East?

May 15, 2018 at 13:53

As if heightened tensions in Syria and Yemen and increased divisions in the U.S-Iran and Iran-Israel relations were not enough, a surprise—albeit still preliminary—election result in OPEC’s second-largest producer Iraq…

Oil Inches Closer To $80

May 15, 2018 at 11:11

OPEC's efforts to cut global oil inventories are finally paying off, with Brent crude inching closer and closer to $80 per barrel.  (Click to…

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