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Is A Supply Crunch In Oil Markets Inevitable?
Is A Supply Crunch In Oil Markets Inevitable? The oil industry is more profitable than at any time in years, yet the industry could fail to supply enough oil to meet global demand in just a few years’ time. A series of second quarter earnings reports over the past two weeks has revealed surging profits […]
Oil Prices Unlikely To Breakout Or Collapse
Oil Prices Unlikely To Breakout Or Collapse Oil prices took a breather in the second half of July, but the price correction may have been a temporary reprieve rather than the start of another downturn. On Monday, WTI breached $70 per barrel for the first time in over two weeks, rising once again on fears […]
Tight Oil Markets Are Ignoring Supply Risk
Tight Oil Markets Are Ignoring Supply Risk The global oil market is once again in flux as geopolitics and regional conflicts take an increasingly heavy toll on oil supplies. Since the OPEC meeting in Vienna, warning signs that oil markets are heading for a shortage in supply, due to low spare production capacity and growing […]
The 4 Key Chokepoints For Oil
The 4 Key Chokepoints For Oil While everyone has been watching the Strait of Hormuz amid rising tension between the U.S. and Iran, a chokepoint on the other side of the Arabian Peninsula is now at the center of the action. Saudi Arabia temporarily halted all oil shipments through the Bab al-Mandeb strait after Saudi […]
The Most Important Waterway In The Oil World
The Most Important Waterway In The Oil World Tensions between the United States and Iran continue to rise, with U.S. President Donald S. Trump issuing a threatening tweet against Iran’s President Hassan Rouhani amidst preparations to re-impose sanctions on Iran’s economy following the U.S. withdrawal from the 2015 nuclear deal. The increasingly tense situation has […]
Nord Stream 2’s Confusing Endgame
Nord Stream 2’s Confusing Endgame The summer of 2018 will go into history as the moment when a US president fundamentally and decisively changed the international world order which its predecessors worked hard on during the past decades. Within approximately a week from 11 July until 16 July, President Donald Trump achieved to insult its […]
Rig Count Drops As U.S. Crude Output Hit 11 Million Bpd
Rig Count Drops As U.S. Crude Output Hit 11 Million Bpd Baker Hughes reported a decreased number of active oil and gas rigs in the United States on Friday. Oil and gas rigs decreased by 8 rigs, according to the report, with the number of active oil rigs falling by 5 to 858 this week, […]
Trump Tariffs Could Delay Permian Relief
Trump Tariffs Could Delay Permian Relief The oil and gas industry hoped they would be spared from Donald Trump’s trade war, but the Permian basin was just hit with some bad news. The Permian basin has run up against a bottleneck for pipeline capacity. Gushing oil from West Texas will surpass the available space on […]
Oil Prices At Risk Of Economic Downturn
Oil Prices At Risk Of Economic Downturn Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a bigger threat to crude over the second half of 2018 and into 2019 is a slowdown in the global economy. The International Monetary Fund […]
Trump’s Ultimate Move To Lower Gasoline Prices
Trump’s Ultimate Move To Lower Gasoline Prices President Trump is reportedly considering tapping the strategic petroleum reserve to lower gasoline prices in an effort to neuter a political threat ahead of key midterm elections in November. Sources told Bloomberg that options are under consideration by the Trump administration, ranging from a minor 5-million-barrel test sale, […]
Record Oil Production Doesn’t Free U.S. From Global Market
Record Oil Production Doesn’t Free U.S. From Global Market In the first week of July, U.S. net imports of petroleum products fell to just 1.670 million barrels per day (mb/d), the lowest weekly total on record in at least three decades. The decline of net imports comes as the U.S. has ramped up oil production […]
Russia Plans $50 Billion Investment In Iran’s Oil, Gas Industry
Russia Plans $50 Billion Investment In Iran’s Oil, Gas Industry Russia is getting ready to invest US$50 billion in Iran’s oil and gas industry as the two countries continue to seek closer ties, just as the United States is looking to cut as much Iranian crude oil exports from the market as possible. “Russia is […]
Oil’s Perfect Storm Lays At Trump’s Feet
Oil’s Perfect Storm Lays At Trump’s Feet It’s becoming painfully clear that the way forward for global oil markets is going to be bumpy, very bumpy, particularly as we head into next year. Much of this uncertainty, even blame, is being increasingly leveled at a person that has surprised, flabbergasted and even shocked political opponents, […]
Oil Prices Crash As Libya Resumes Production
Oil Prices Crash As Libya Resumes Production Oil prices fell sharply on Wednesday on news that Libya was suddenly set to restore hundreds of thousands of barrels per day, and the U.S. struck a softer line on Iran sanctions. Brent sank more than 6 percent during midday trading on Wednesday, as Libya’s National Oil Corp. […]
The U.S. Energy Industry Can’t Afford A Trade War
The U.S. Energy Industry Can’t Afford A Trade War As the U.S.-China trade spat turns into a full-blown war with tariffs and retaliatory tariffs and threats of further tariffs, U.S. energy exports to China may suffer if Beijing follows through with its threat to slap tariffs on U.S. oil and oil product imports. China has, […]
