Charles Kennedy

Latest articles from Charles

• ‘’EVs, Solar Could Push Oil Down To $10 By 2025’’

  Published 20 December 2016 | viewed 54,773 times

  Oil prices could fall to as low as $10 per barrel within a decade as a “tsunami” of threats could undo demand. That prediction comes…

• Iraq Could Delay OPEC Production Cuts

  Published 20 December 2016 | viewed 5,473 times

  Iraq added more uncertainty to the integrity of the OPEC deal this week, hinting that it would not make cuts to oil production immediately next…

• Is Koch Industries Set To Join The Oil Sands Exodus?

  Published 19 December 2016 | viewed 18,935 times

  Koch industries Inc. has become the latest in a long line of companies to move away from the Canadian oil sands, stating that it wants…

• Trump Could Widen Rift With Saudi Arabia

  Published 19 December 2016 | viewed 11,338 times

  The IPO of Saudi Aramco in 2018 is expected to bring in an all-time high in fees for investment banks that help the oil company…

• Traders Most Bullish On Oil Since 2014

  Published 19 December 2016 | viewed 19,034 times

  Investors have become the most bullish on oil prices since the collapse began more than two years ago, betting that the OPEC deal will tighten…

• Canadian Oil Patch Panic Is Over—For Now

  Published 28 November 2016 | viewed 8,378 times

  While a record number of 26 Canadian oil and gas companies have gone bust this year, the worst is over, say analysts, because the weakest…

• Administration Buys More Time As Dakota Pipeline Protests Heat Up

  Published 15 November 2016 | viewed 7,112 times

  Tied up in controversy over a section in North Dakota, the Dakota Access pipeline will be the subject of more discussions and analysis before permitting…

• Iraq Backtracks On Oilfield Auction As Prices Doom Budget

  Published 10 November 2016 | viewed 9,348 times

  The Iraqi authorities are postponing bidding on 12 oil fields, back-tracking on an October auction announcement, and indicating that plans to change production contracts will…

• Chinese Scoop Up Stake Russian Rosneft Subsidiary For $1.1Bn

  Published 08 November 2016 | viewed 7,041 times

  China’s Beijing Gas Group Company has reportedly acquired a 20-percent stake in a subsidiary of Russian Rosneft, giving the Russians help in developing resources in…

• The Shakeout Continues: 100 Oil And Gas Bankruptcies Yet To Come

  Published 29 September 2016 | viewed 22,182 times

  The more than two-year oil bust has led to a shakeout in the oil industry, with high-cost and inefficient drillers forced out of the market.…

• BP Faces Another Setback In Plans To Drill Pristine Australian Coast

  Published 28 September 2016 | viewed 6,199 times

  BP’s controversial plan to drill in one of Australia’s unique ecosystems hit another snag this week. BP is hoping to drill in the Great Australian…

• API Surprises Oil Markets, Reports Draws Across The Board

  Published 27 September 2016 | viewed 27,189 times

  The American Petroleum Institute (API) has reported what very well may be the fifth week in a row of a draw in U.S. oil inventories…

• Is The Next Shale Boom About To Unfold In Mexico?

  Published 26 September 2016 | viewed 19,837 times

  Mexico could auction off shale acreage as soon as the second quarter of next year. Mexico’s energy secretary said last week at Rice University that…

• Why Iraq’s Oil Production Has Reached It Limits

  Published 22 September 2016 | viewed 16,334 times

  Iraq has succeeded in ramping up oil production by more than 1 million barrels per day over the past two years, a remarkable achievement for…

• Ahead Of OPEC’s Meeting, Libya Ups Oil Output By 70%

  Published 21 September 2016 | viewed 17,300 times

  Libya has done the unthinkable: oil production in the war-torn country is actually up substantially in recent weeks, as some idled oil fields came back…

• OPEC Secretary General: No Production Freeze This Month

  Published 19 September 2016 | viewed 19,536 times

  A few days before the highly anticipated OPEC meeting in Algeria, a top official from the group threw cold water on the possibility of a…

• Big Oil Flocks To Argentina As Permian Land Prices Skyrocket

  Published 15 September 2016 | viewed 19,194 times

  The Permian Basin has become so hot that some oil companies are starting to stay away, instead looking at frontiers that are less picked over.…

• The Worst Oil Crisis Ever? IEA Sees Unprecedented Decline In Investment

  Published 14 September 2016 | viewed 38,484 times

  The oil bust has created the longest period of declining investment in the global energy industry in nearly half a century, according to a new…

• Oil Stabilizes After API Reports Lower Than Expected Build In Crude Stocks

  Published 13 September 2016 | viewed 29,491 times

  The American Petroleum Institute (API) is reporting a 1.4-million-build in US crude oil inventory over last week—bursting the bubble created the week before when official…

• Record Year For Solar Expected As Installations Surge 43%

  Published 12 September 2016 | viewed 18,005 times

  The record-breaking installations of solar panels in the U.S. continues with an eye-popping 2 gigawatts installed in just the second quarter of this year, according…