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The 5 Most Popular Energy Stories Of 2017
The 5 Most Popular Energy Stories Of 2017 The year in which WTI went from barely above $50 to over $60 a barrel and Brent hit OPEC’s much sought after $65 was full of the usual mix of price forecasts, warnings, and unpredictable events that left readers wondering what will happen next… Here are five […]
Russia Boosts 2017 Crude Oil Production To 30-Year High
Russia Boosts 2017 Crude Oil Production To 30-Year High OPEC’s crude production held steady in December as the group approached a fresh year of output curbs in full compliance with its supply deal. The 14 members of the Organization of Petroleum Exporting Countries pumped 32.47 million barrels a day, according to a Bloomberg News survey […]
U.S. Shale Can’t Offset Record-Low Oil Discoveries
U.S. Shale Can’t Offset Record-Low Oil Discoveries The U.S. shale resurgence has been one of the main themes in oil markets this year, while OPEC’s production cut deal to deplete the oil overhang and boost oil prices has been the other key development in 2017. U.S. shale production is expected to grow over the next […]
Oil-Rich Venezuela Is Out Of Gasoline
Oil-Rich Venezuela Is Out Of Gasoline After lining up for an entire day to get a plane ticket to visit her relatives in the western city of Mérida, Josefina García did not know if she and her octogenarian mother were going to reach their final destination on time for Christmas. The airport is located 76 […]
Oil Price Scenario for 2018
Oil Price Scenario for 2018 It is that time of year again where we try to forecast what the oil price will do over the coming 12 months. Last year I forecast $60 / bbl for Brent year ending 2017 and with Brent trading on $66.50 as I write I can conclude that I got […]
What Will Drive The Next Oil Price Crash?
What Will Drive The Next Oil Price Crash? As we roll into 2018, analysts and investors are more optimistic that the oil market will further tighten next year and support higher oil prices, but rising U.S. shale production will likely cap any significant price gains. On the demand side, expectations are that global economic growth […]
Is The Oil Glut Set To Return?
Is The Oil Glut Set To Return? For the second month in a row, the IEA has poured cold water onto the oil market, publishing an analysis that suggests 2018 could hold some bearish surprises for crude. The IEA’s December Oil Market Report dramatically revises up the expected growth of U.S. shale, which goes a […]
OPEC Reports Lowest Oil Output In Six Months; Fears Shale Production Surge
OPEC Reports Lowest Oil Output In Six Months; Fears Shale Production Surge True to its perpetually optimistic form, OPEC, which last month for the first time conceded the threat posed by rising US shale production… … sharply raised its demand forecast for cartel oil in 2018, ahead of the OPEC meeting at the end of […]
Cyberattacks: The Biggest Threat To OPEC
Cyberattacks: The Biggest Threat To OPEC Oil and cybersecurity in one sentence certainly makes for a thrilling read, and there will be an increasing amount of information on the topic as the Internet of Things expands and the global oil industry adopts automation and digital technology. OPEC is no exception in this digitalization drive, but […]
Is Oil About to Collapse?
Is Oil About to Collapse? US producers simply don’t play along with OPEC and Russia. By Martin Tiller, Oil & Energy Insider: WTI really does look like it is about to collapse. Let’s be clear, I am not necessarily talking about a return to the sub-$30 of the beginning of 2016 here, but a return to the […]
The Man Behind The Oil Price Rally
The Man Behind The Oil Price Rally The OPEC meeting is over and the cartel has extended production cuts throughout 2018. The decision is obviously crucial to supporting oil prices, but perhaps an even bigger story is the relentless strategy from the young Saudi Prince, Mohammed bin Salman, being played out both inside OPEC and […]
