Friday August 2, 2019 1. Shale hit, offshore growing- Employment is shrinking in the U.S. shale sector, but growing offshore. - “This is a clear…
Politics, Geopolitical & Conflict - Following recent tensions in the Persian Gulf and the Strait of Hormuz, oil tankers traveling through the Strait of Hormuz…
It has been an interesting couple of days in oil futures. The commodity had its worst day for a while yesterday as traders reacted to…
Despite bullish fundamentals this week that saw over 8 million barrels shaved off US inventories, shrinking OPEC production in July, a force majeure declaration by…
Oil prices were higher to begin the week on expectations that the US Federal Reserve will lower its key interest rate by 25 basis points…
Eni’s Problems in Nigeria Aren’t As Big As They Seem Yes, Nigeria’s state oil firm (NNPC) has admitted that it stopped making payments sto Eni…
In our columns, we have analyzed on several occasions the astounding rise of Guyana, arguably the hottest spot for oil drilling in the past couple…
The last week of July started in a somewhat upbeat manner, buoyed by rumors that the US Federal Reserve might finally cut interest rates (for…
U.S. West Texas Intermediate crude oil futures are edging higher for the week, while posting a relatively tight trading range following the previous week’s steep…
Politics, Geopolitics & Conflict - Venezuela’s opposition leader Juan Guaido has vowed to protect Chevron’s assets in the country if the US doesn’t extend its…
Friday July 26, 2019 1. Shale finances still unimpressive- In the first quarter, an EIA survey of 43 U.S. oil producers finds a deterioration in…
Tensions over oil movements in the Strait of Hormuz and a sizable decrease in the amount of crude oil being held in storage have managed…
Back at the end of May, I wrote in these pages that it was time to reverse positions in Tesla (TSLA). Prior to that, I…
With tankers detained and drones shot down the geopolitical mess surrounding Iran does not look to be ending anytime soon. Iran’s seizure of a UK-owned…
Iranian forces made front page oil market news yet again since our last note by seizing a UK-flagged tanker and a British owned tanker in…
With much of our attention focused on the resolution of the Iran conundrum, Venezuela heaved a temporary sigh of relief. Not only did it manage…
For the last couple of years, the deepwater drillers have been telling us that a recovery in day rates that would provide meaningful support for…
Libyan Oil Sabotage: The Next Phase Nearly one-third of Libya’s oil output was taken offline for three days this week after a pipeline was sabotaged…
Friday July 19, 2019 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out…
Deals, Mergers & Acquisitions • US shale player Carrizo Oil & Gas is selling over to Callon Petroleum for a total of $3.2 billion, which…