Charles Kennedy

Latest articles from Charles

• New Drilling To Start As Oil Prices Firm Up

  Published 29 June 2016 | viewed 22,211 times

  In a sign that the U.S. shale industry could spring back to life, one of the top Texas shale companies expects to grow both production…

• Suicide Bombing at Istanbul Airport Kills 10, Wounds 20

  Published 28 June 2016 | viewed 4,677 times

  Following a series of terrorist attacks in Turkey’s key cities in recent months, two suicide bombers targeted Istanbul’s international airport late on Tuesday, killing at…

• Saudi Arabia’s Oil Storage Falling As Exports Exceed Production

  Published 27 June 2016 | viewed 31,732 times

  The U.S. has seen several weeks in which the levels of crude oil sitting in storage have declined, falling from 80-year record highs. Inventories have…

• Bad News For Glut As US Offshore To Hit Record In 2017

  Published 24 June 2016 | viewed 40,004 times

  Companies pumping oil from the Gulf of Mexico will ramp up production in coming months, propping up American output, despite efforts to curb production and…

• Lebanon Gets Seismic As Israel Prepares To Develop Massive Gas Field

  Published 24 June 2016 | viewed 7,035 times

  Seismic surveys now show that Lebanon’s portion of the prolific Levant Basin is showing promising oil and gas reserves, as the country lags far behind…

• The Oil Glut Is Over, Says World’s Most Powerful Oil Man

  Published 22 June 2016 | viewed 78,084 times

  Newly appointed Saudi Oil Minister Khalid Al-Falih declared the oil glut over during a visit to Saudi Aramco facilities in Houston, Texas, today. Speaking to…

• Supreme Court Justice Sells Exxon Shares

  Published 22 June 2016 | viewed 6,870 times

  U.S. Supreme Court Justice Samuel Alito has sold off his stock in Exxon Mobil Corp. worth up to $250,000, according to Reuters. In 2008, Justice…

• EIA Reports Another 900,000 Barrel Draw On US Crude Stockpiles

  Published 22 June 2016 | viewed 12,864 times

  Oil prices pushed up closer to $50 today ahead of the U.S. Energy Information Administration’s (EIA) release of crude inventory data, but were trading slightly…

• German Government Agrees to Ban Fracking but Keep Door Open

  Published 21 June 2016 | viewed 8,562 times

  The German government has agreed to ban fracking for shale gas for an indefinite period, but would allow test drilling to be carried out if…

• Kenya To Start 2,000 Barrel-Per-Day Exports Next July

  Published 21 June 2016 | viewed 5,790 times

  Kenyan officials said oil from the Lokichar Basin will begin reaching foreign markets at a rate of 2,000 barrels of crude per day by July…

• Nigerian Oil Workers Threaten Strike

  Published 20 June 2016 | viewed 7,057 times

  Oil workers in Nigeria under the union known as the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) are threatening to go on…

• How The Brexit Vote Will Impact Oil Prices

  Published 20 June 2016 | viewed 42,489 times

  British voters are set to vote this week on whether to stay within the European Union or to break up and go it alone. Although…

• Russia Considers Building A Hyperloop To China

  Published 20 June 2016 | viewed 13,211 times

  Russia’s Transport Ministry is considering the Elon Musk-proposed Hyperloop concept to connect China with the Russian Far East and may propose the idea to Beijing.…

• Saudi Aramco IPO, Not for BP

  Published 18 June 2016 | viewed 13,259 times

  Speaking on the sidelines of the St. Petersburg International Economic Forum on Thursday, BP Plc hinted that it was not interested in the Saudi Aramco…

• NDA Claims Another Pipeline Attack in Niger Delta, New Group Enter Fray

  Published 16 June 2016 | viewed 4,484 times

  As alleged peace talks break down before getting off the ground, and the Niger Delta militants claim another attack on a state-run oil pipeline, a…

• EIA Crude Inventory Data Shows 900,000 Barrel Drop

  Published 15 June 2016 | viewed 6,398 times

  Oil futures moved up slightly on Wednesday morning following the U.S. Energy Information Administration’s (EIA) official weekly report showing U.S. crude inventories down by 900,000…

• Oil Down After API Reports 1.2M Barrel Build

  Published 15 June 2016 | viewed 7,157 times

  Oil futures dipped back down to well below $50 on Tuesday after the American Petroleum Institute (API) reported a build on U.S. crude oil supplies…

• OPEC Sees Oil Markets Balance Later This Year

  Published 13 June 2016 | viewed 10,411 times

  OPEC sees the oil market balancing later this year, leaving its forecast largely unchanged. In its latest Oil Market Report, OPEC projects that the global…

• Mexican Government Schedules Next Energy Auction for Late July

  Published 10 June 2016 | viewed 4,861 times

  Mexican Energy Secretary Pedro Joaquin Coldwell announced on the 8th of June that the next phase of auctions for offshore oil and natural gas blocks…

• Is Colorado Ground Zero For The Next Shale Gas Boom?

  Published 09 June 2016 | viewed 17,197 times

  A new estimate from the U.S. Geological Survey finds that Colorado could actually hold 40 times more natural gas than previously expected. The so-called Mancos…