Home » Posts tagged 'oilprice.com' (Page 18)
Tag Archives: oilprice.com
U.S. Shale’s Glory Days Are Numbered
U.S. Shale’s Glory Days Are Numbered There are some early signs that the U.S. shale industry is starting to show its age, with depletion rates on the rise. A study from Wood Mackenzie found that some wells in the Permian Wolfcamp were suffering from decline rates at or above 15 percent after five years, much […]
Are Natural Gas Prices Set To Spike?
Are Natural Gas Prices Set To Spike? Natural gas storage is at record low levels but prices are falling going into winter heating season. Markets seem to be betting that wellhead supply will be sufficient to cover demand this winter. That may be but at what gas prices? This is a game of natural gas […]
The Oil Markets Are At A Confusing Crossroads
The Oil Markets Are At A Confusing Crossroads The oil market is “adequately supplied for now,” but the supply losses from Venezuela and Iran leave the market suffering from “strain,” according to a new report from the International Energy Agency (IEA). The IEA noted that global oil production increased by 1.4 million barrels per day […]
India Yet To Figure Out Way To Pay for Iranian Oil Imports
India Yet To Figure Out Way To Pay for Iranian Oil Imports India hasn’t worked out yet a payment system for continued purchases of crude oil from Iran, Subhash Chandra Garg, economic affairs secretary at India’s finance ministry, said on Friday. India’s Oil Minister Dharmendra Pradhan has conveyed the message that his country would continue […]
Oil’s $133 Billion Black Market
Oil’s $133 Billion Black Market Oil is still the world’s leading energy source, with growing demand, a fluctuating pricing system, and much of its production in volatile regions. The oil market’s value is larger than the world’s valuable raw metal markets combined, with an annual production valued at US$1.7 trillion. A flourishing black market is […]
How A Carbon Tax Would Be Implemented
How A Carbon Tax Would Be Implemented There are no solutions to complex problems – except when the problem becomes so complex it must have a simple solution. That is the paradox thrown up by global warming and the shattering report of the U.N. Intergovernmental Panel on Climate Change. The report cries out for dramatic, […]
Hurricane Michael’s Impact On Gasoline Demand
Hurricane Michael’s Impact On Gasoline Demand Gasoline demand increased in the Florida Panhandle, southern Georgia, and South Carolina ahead of Hurricane Michael’s arrival to the areas, but repercussions to demand appeared to focus on rack cities in the direct path of the storm, according to our Supply Side daily rack volume data. The increased rack […]
The Perfect Storm Bringing China And Russia Together
The Perfect Storm Bringing China And Russia Together During the Cold War, China and the Soviet Union regarded one another as strategic adversaries. Relations between Beijing and Moscow, however, have significantly improved over the years. Besides political alignment, the countries have complementary economies; China has an insatiable appetite for the raw materials which Russia has […]
Stock Market Chaos Sparks Oil Selloff
Stock Market Chaos Sparks Oil Selloff The plunge in global equities on Wednesday and Thursday dragged down crude oil, with even concerns about falling Iranian supply not enough to keep crude from a steep selloff. Brent fell more than 1.2 percent on Wednesday and was down another 1.5 percent in early trading on Thursday, falling […]
Hurricane Michael Shuts In 40% Of Gulf Of Mexico Oil Production
Hurricane Michael Shuts In 40% Of Gulf Of Mexico Oil Production Roughly 40 percent of the Gulf of Mexico’s oil production and 28 percent of its natural gas production was shut down as of Tuesday, as the region braced for a powerful hurricane to make landfall. At least 75 platforms were evacuated, according to Reuters, […]
Prices Soar As Natural Gas Inventories Hit Decade Low
Prices Soar As Natural Gas Inventories Hit Decade Low Natural gas prices have spiked over the last few weeks as U.S. inventories run low ahead of the peak winter heating season. Nymex natural gas prices have jumped nearly 15 percent over the past month, rising to roughly $3.30 per million Btu (MMBtu). The market has […]
BP Chief: Saudi Arabia Is Holding Back Production
BP Chief: Saudi Arabia Is Holding Back Production “I think Saudi Arabia does have capacity that can bring to the market,” BP’s chief executive Bob Dudley told CNBC on Wednesday on the sidelines of the Oil & Money Conference in London. “But on the other side of it you have very unpredictable circumstances in Venezuela […]
UN Puts $2.4 Trillion Annual Price Tag On Mitigating Climate Change
UN Puts $2.4 Trillion Annual Price Tag On Mitigating Climate Change Climate scientists are not known for giving good news, and the UN’s Intergovernmental Panel on Climate Change that convened in South Korea was no exception: the scientists that compiled a special report on the climate situation on the planet slapped optimists in the face: […]
A New Era Of Geopolitical Risk In Global Oil Markets
A New Era Of Geopolitical Risk In Global Oil Markets Amid never ending talk and speculation over how many more barrels of Iranian oil will be removed from global markets once sanctions slated to hit Iran’s oil production on November 6 take effect, some are claiming that geopolitical factors have driven the market just as […]
IEA: Renewables Set For Explosive Growth
IEA: Renewables Set For Explosive Growth Renewable energy is growing at a blistering rate, but clean energy is also nowhere near what is needed to avoid some of the worst effects of climate change, according to a series of new monumental reports on the global energy system. Renewable energy accounted for half of the increase […]
