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Canadian Shale Is Hitting The Wall
Canadian Shale Is Hitting The Wall Plunging Canadian prices have been depressing oil producers’ realized prices and revenues, even though the U.S. benchmark and the international Brent Crude prices have rallied year to date. But it’s not only oil sands producers that have been coping with wide price differentials between Canadian crude oil prices and […]
What Will Trigger The Next Oil Price Crash?
What Will Trigger The Next Oil Price Crash? Are we nearing another financial crisis? The supply-side story for oil prices is heavily skewed to the upside, with production losses from Iran and Venezuela causing a rapid tightening of the market. But the demand side of the equation is much more complex and harder to pin […]
Russian Oil Production Hits Post-Soviet Record
Russian Oil Production Hits Post-Soviet Record While there has been no love-loss between the U.S. and Russia in recent years, news coming out of Moscow yesterday was sure to cheer the most ardent Russian naysayers in both Washington and especially the U.S. energy patch. A Russian government official, according to a Bloomberg report, asking to […]
Iran Starts Air Force Drills Near The World’s Crucial Oil Chokepoint
Iran Starts Air Force Drills Near The World’s Crucial Oil Chokepoint Iran’s Air Force and the Islamic Revolution Guards Corps began on Friday fighter jet drills over the waters near the world’s most important oil chokepoint, the Strait of Hormuz, Iran’s IRNA news agency reported on Friday. Aircraft including nine F-4, six Sukhoi, and four […]
Iran Sanctions Are Damaging The Dollar
Iran Sanctions Are Damaging The Dollar Painful sanctions on Iran have demonstrated the long reach of the U.S. Treasury, forcing much of the globe to fall in line and cut oil imports from Iran despite widespread disagreement over the policy. Yet, we are only in the first few chapters of what may ultimately be a […]
The Biggest Risk In Today’s Oil Markets
The Biggest Risk In Today’s Oil Markets The oil market is “tightening up,” but the Trump administration could still spoil oil prices if its aggressive trade war against China drags down economic growth. The U.S. stepped up the trade conflict with China on Monday when the Trump administration announced $200 billion in tariffs on Chinese […]
Is The Shale Slowdown Overblown?
Is The Shale Slowdown Overblown? The shale industry has hit a bit of a rough patch, with pipeline bottlenecks, cost inflation and a crowded field contributing to a drilling and production slowdown. But many in the industry are confident that the lull will be temporary. There are several strategies that shale companies are starting to […]
Why WTI Could Crash In The Coming Weeks
Why WTI Could Crash In The Coming Weeks West Texas Intermediate could drop to US$65 a barrel later this year on the back of extra maintenance work at U.S. refineries, Tom Kloza from the Oil Price Information Service has warned. Speaking on CNBC, Kloza said this maintenance season was the last chance for many refineries […]
The U.S. Calls On Russia To Cap Soaring Oil Prices
The U.S. Calls On Russia To Cap Soaring Oil Prices As crucial mid-term congressional elections in November draw near, the Trump administration is feeling the heat over higher oil prices. London-traded global oil benchmark Brent breached the $80 per barrel price point on Wednesday, its highest level since May 2. NYMEX-traded U.S. oil benchmark West […]
Why Can’t Japan Kick Coal And Nuclear?
Why Can’t Japan Kick Coal And Nuclear? Earlier this year we reported on a startling anomaly in the global energy market that even the experts couldn’t have predicted. Just one nation, alone against the greening tides, was turning back to coal–Japan. Now, half a year later, a newly released report shows that Japanese financial institutions […]
Oil Markets Enter “Crucial Period”
Oil Markets Enter “Crucial Period” Oil prices edged up this week on lost supply from Iran and Venezuela, although those supply concerns are somewhat offset by worries over demand. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) OPEC downgraded demand while the IEA said in […]
Perry Tells Russia To Stop Using Energy As Economic Weapon
Perry Tells Russia To Stop Using Energy As Economic Weapon The United States welcomes competition from Russia on the global energy markets, but Russia can no longer use energy as an economic weapon, U.S. Secretary of Energy Rick Perry saidon Thursday during his meeting with Russia’s Energy Minister Alexander Novak in Moscow. At the meeting, […]
The U.S. Is The World’s Top Oil Producer, But For How Long?
The U.S. Is The World’s Top Oil Producer, But For How Long? The U.S. Energy Information Administration (EIA) said on Tuesday that the U.S. likely surpassed Saudi Arabia and Russia earlier this year to become the world’s top crude oil producer. The EIA based its disclosure on preliminary estimates in its Short-Term Energy Outlook which […]
Can Oil Demand Really Peak Within 5 Years?
Can Oil Demand Really Peak Within 5 Years? Oil demand could peak as soon as five years from now. Predicting the point at which the world reaches peak oil demand has become something of a cottage industry. The estimates range, but tend to fall somewhere around 2030 or later. However, two new predictions – just […]
Why The U.S. Is Suddenly Buying A Lot More Saudi Oil
Why The U.S. Is Suddenly Buying A Lot More Saudi Oil For a few months now, OPEC has been boosting production to ease concerns about high oil prices amid expected supply losses from Venezuela and Iran. The cartel’s largest producer and exporter, Saudi Arabia, has been specifically targeting an increase in crude oil exports to […]
