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How Much Longer Can The Saudis Suppress Oil Prices?
How Much Longer Can The Saudis Suppress Oil Prices? When earlier this week reports emerged that Saudi Arabia is striving to keep oil prices in the range of US$70-80 per barrel in a bid to balance its need for higher prices with President Trump’s insistence that oil is kept within reasonable bounds, few must have […]
The Next Global Oil Hotspot
The Next Global Oil Hotspot There are at least 41 billion untapped barrels of crude oil in sub-Saharan Africa, the U.S. Geological Survey estimated two years ago. During the downturn, oil companies bought licenses there and waited for the price environment to improve to advance their drilling plans. Independents such as Tullow Oil and Kosmos […]
Shale Won’t Trigger The Next Financial Crisis
Shale Won’t Trigger The Next Financial Crisis Many think that debt and negative cash flow by U.S. shale companies will crash the global financial system. I believe the opposite is more likely, that a developing financial crisis may crash oil prices and test the survival of shale plays. In The Next Financial Crisis Lurks Underground, […]
Emerging Market Contagion Threatens Oil Market
Emerging Market Contagion Threatens Oil Market The emerging market currency crisis is not over yet, and could yet morph into a broader contagion that threatens to drag down oil demand. Last week, Argentina’s peso fell by around 20 percent in just a few days, taking year-to-date losses over 50 percent. The central bank frantically hiked […]
Denmark Becomes Net Oil Importer For First Time In 25 Years
Denmark Becomes Net Oil Importer For First Time In 25 Years For the first time since 1993, Denmark is on track to become a net oil importer this year, as oil production in the Danish part of the North Sea will be lower than the country’s consumption, the Danish Energy Agency said on Thursday, revising […]
Canadian Court Deals Blow To Trans Mountain Expansion
Canadian Court Deals Blow To Trans Mountain Expansion In a devastating blow to the prospects of the Trans Mountain expansion pipeline – and thus, to the entire Canadian oil sands industry – a Canadian court ruled that the federal government failed to adequately consult with First Nations affected by the project. The ruling throws the […]
Economic Crisis Looms In Iran As Sanctions Bite
Economic Crisis Looms In Iran As Sanctions Bite In a little over two months, painful U.S. sanctions on Iran’s oil sector will take effect, but the Iranian economy is already showing signs of strain. Iran’s currency, the rial, has fallen by more than half since the start of the year. There is now a thriving […]
Rising Supply Will Keep Oil Prices Rangebound
Rising Supply Will Keep Oil Prices Rangebound Rising oil production from various parts of the globe could keep oil prices “range-bound” for the rest of this year. During the second quarter, fears of supply shortages began to mount, as OPEC disruptions combined with strong demand and shrinking inventories to push prices up significantly. More recently, […]
Europe’s Natural Gas Prices Surge To Record For Summer Season
Europe’s Natural Gas Prices Surge To Record For Summer Season Europe’s natural gas market is the most bullish it has been in years, as higher-than-expected summer demand and a tighter market drive natural gas price futures to levels last seen during this past winter’s supply crunch and to the highest for a summer season. Natural […]
Canada’s Top Court Dismisses Burnaby Case Against Trans Mountain Pipeline
Canada’s Top Court Dismisses Burnaby Case Against Trans Mountain Pipeline Canada’s Supreme Court on Thursday dismissed an appeal by the City of Burnaby—the planned end point of the Trans Mountain pipeline expansion in British Columbia on the Pacific coast, clearing another legal hurdle for the project, which still faces several lawsuits at various Canadian courts. […]
Is Renewable Energy As Clean As We Think?
Is Renewable Energy As Clean As We Think? Fossil fuel energy has understandably become the clay pigeon of environmentalists in the past decades – with oil & gas companies having lied too often about the impact of their activities on climate change or environmental pollution for the public to ignore. Oil spills have destroyed many […]
Why The Saudis Are Still Dominating Oil Markets
Why The Saudis Are Still Dominating Oil Markets Saudi Arabia is still clearly in control of the oil market. The narrative that decisively took hold over the oil market in August was one of cracks in emerging market demand, concerns over the health of the global economy and fears over the fallout from the U.S.-China […]
Energy Is A Breaking Point In NAFTA Deal
Energy Is A Breaking Point In NAFTA Deal Oil and gas is proving to be a sticking point in the NAFTA renegotiations, with the incoming Mexican president hoping to exclude the chapter on energy from the trade deal. To be sure there have been a series of issues that have divided the three countries. Many […]
