As we kick off Q1…
Reduced U.S. diesel consumption and…
It is fair to say…
In 2005, Goldman Sachs oil analyst Arjun Murti wrote of an oil “super spike”, with prices reaching $200 a barrel. Murti was amazingly prophetic with that call, as oil topped…
I am, as regular readers may have gathered, somewhat of a contrarian by nature. I put that down to nearly twenty years in currency dealing rooms around the world, where…
The U.S. is burning coal at a slower rate, due to cheap natural gas and environmental restrictions on air pollution. With utilities unable to justify weighty investments in pollution control…
Regulatory AlertsA new tax law granting tax credits to oil companies appears to have survived a close referendum battle on Wednesday, with partial vote counts in showing that…
The price action late this week in the three major futures energy markets: crude oil, gasoline and natural gas, suggests the summer sell-off may be nearing its end. Keep in…
The world has changed. Even two years ago, with a war going on by proxy between Russia and Ukraine, we'd have seen a ten dollar rally in the price of…
For more than seventy years the oil reserves of Mexico have been the exclusive property of the state run oil company Petroleos Mexicanos, or Pemex. That changed at the end…
The U.S. hosted an unprecedented summit of 50 heads of African states in Washington, D.C. in early August. The event was meant to highlight the enormous investment opportunity that the…
Geopolitical, Political & Conflict Updates• High-level industry sources in Ukraine inform us that talk of extending the new gas tax beyond the end of the year is gaining…
Last week, the U.S. Energy Information Administration (EIA) weekly petroleum status report delivered more bad news to the crude oil market, but the EiA’s long-term outlook most likely set the…
A strong earnings report from Transocean (RIG) has everyone understandably wondering: Is it finally time to buy the offshore drillers? I have been exceedingly cautious about offshore and particularly the…
It is no secret that, since I first started contributing here, I have been somewhat bearish on the price of oil, or more specifically on West Texas Intermediate (WTI). That…
It is quarterly earnings season and the latest figures are in. The world’s major oil companies posted mixed results. Some were good, some were bad, some showed signs of short-term…
Regulatory/Management AlertsDuring the first week of August, the Ukrainian government has moved to double tax for private gas producers, signaling the first move by key Ukrainian political-business elite…
Gasoline Futures OutlookThis week’s technical chart pattern and a slight change in the fundamentals may be indications of an impending shift in sentiment for October Gasoline futures. At…
The CORRECTION: We’ve all awaited it and I’ve been loath to call it, but too many factors have rolled in at once and its time has come. Oil will show…
Okay, I’ll admit it, I’m stumped. Broadwind Energy (BWEN) has been on my radar for a while, so I was interested to see what Thursday mornings Q2 earnings report brought.…
The British government unveiled a new plan on July 28 to jump start the fledgling shale gas industry. The government will accept bids from oil and gas firms after putting…
Regulatory AlertsA court in the Netherlands has ordered Russia to pay more than $50 billion in damages to the former shareholders of the now-defunct Yukos oil corporation, which…
Gasoline FuturesNearby Gasoline futures continued their sell-off this week. The market is now trading below 2.8261, or less than 62% of its 2014 range. The catalyst behind the…