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A Storm Is Brewing For U.S. Oil Exports
A Storm Is Brewing For U.S. Oil Exports Two geopolitical developments in recent weeks—U.S. sanctions on Iran and the escalating U.S.-Chinese trade war—are set to reshuffle the U.S. oil flows to the world’s fastest-growing oil market, Asia. On the one hand, the United States is pressing Iran’s oil customers to cut their Iranian crude imports […]
Spare Capacity: The Biggest Mystery In Oil Markets
Spare Capacity: The Biggest Mystery In Oil Markets With around 2.5 million barrels per day (mb/d) of Iranian supply targeted by the Trump administration, how will the oil market cope with the losses? Is there enough supply capacity to make up for the shortfall? There is a great deal of debate about the true extent […]
How Bad Is Iran’s Oil Situation?
How Bad Is Iran’s Oil Situation? The U.S. government has continued its attempts to shut down Iran’s oil exports, and in recent days Iranian officials responded by threatening to block the Strait of Hormuz. Such an outcome is highly unlikely, but the war of words demonstrates how quickly the confrontation is escalating. Oil prices spiked […]
Global Carbon Dioxide Emissions Set New Record
Global Carbon Dioxide Emissions Set New Record In April of this year, the Mauna Loa Observatory in Hawaii recorded an average concentration of atmospheric carbon dioxide above 410 parts per million (ppm). This was the highest monthly average in recorded history, and in fact according to ice core records it is the highest value in at least […]
Russian Oil Production Soars To 11.193 Million Bpd
Russian Oil Production Soars To 11.193 Million Bpd In line with its agreement with OPEC to reverse part of the cuts, Russia is boosting its crude oil production, pumping as much as 11.193 million bpd in the first four days of July, up from 11.06 million bpd in June, Reuters reported on Thursday, quoting a […]
Permian Bottlenecks Come At The Worst Moment
Permian Bottlenecks Come At The Worst Moment The growing number of supply outages around the world are causing the oil market to become a lot more volatile, putting extra emphasis on every barrel that does or does not make it to market. That makes the infrastructure bottlenecks in West Texas a global concern. There is […]
Saudi Arabia Won’t Bring 2 Million Bpd Online
Saudi Arabia Won’t Bring 2 Million Bpd Online President Trump said in a tweet on Saturday that Saudi Arabia agreed to boost oil production by 2 million barrels per day (mb/d), a claim that surely came as news to the Saudis. ✔ Just spoke to King Salman of Saudi Arabia and explained to him that, […]
Mexico’s New President Has The Energy Sector On Edge
Mexico’s New President Has The Energy Sector On Edge Mexico’s historic energy reforms are now in focus with a change in administrations on the way. Andrés Manuel López Obrador (AMLO) won a landslide victory in Mexico’s presidential election on Sunday, and appears poised to win majorities in both houses of Congress, granting him sweeping power […]
Can Trump Counter Soaring Gasoline Prices?
Can Trump Counter Soaring Gasoline Prices? Oil prices surged to their highest level in more than three years on Thursday, as the number and volume of supply outages continues to rise. The odds of a significant shortfall in supply are also growing by the day. With U.S. midterm elections nearing, the more oil prices continue […]
Oil Investment In Canada To Drop Despite Rallying Prices
Oil Investment In Canada To Drop Despite Rallying Prices Canada has the world’s third-largest crude oil reserves, but the country seems determined to pretty literally keep these in the ground. This determination becomes strikingly obvious when Canada is compared with its southern neighbor, which is just what Bloomberg’s Robert Tuttle and Kevin Orland did in […]
The Saudis Won’t Prevent The Next Oil Shock
The Saudis Won’t Prevent The Next Oil Shock Saudi Arabia is starting to panic, and is growing concerned that the growing number of supply disruptions around the world could cause oil prices to spike. Saudi Arabia is moving quickly to head off a supply crunch, aiming to dramatically ramp up production to a record high […]
Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil
Oil Jumps As Trump Asks Allies To Cut Off Iranian Oil The Trump administration is going to extreme lengths to disrupt as much oil from Iran as possible, and the implications for the oil market could be severe. When the Obama administration sought to isolate Iran, it built an international coalition, put in place tight […]
Is “America First” Hurting Global Energy Relations?
Is “America First” Hurting Global Energy Relations? Throughout history the strong bond between the United States and Europe, arguably the world’s most important alliance, has been decisive within the international arena. Massive migration from the ‘old world’ to the ‘new’ during the past centuries has been the reason for sharing important norms and values such […]
Why OPEC+ Needed To Add More Oil
Why OPEC+ Needed To Add More Oil The OPEC+ group has decided to increase output by aiming to return compliance back to 100 percent, rather than the “over compliance” the group has posted to date. Although it remains to be seen how that translates into tangible production increases, because the number most kicked around was […]
A Storm Is Brewing In The Southern Gas Corridor
A Storm Is Brewing In The Southern Gas Corridor No fewer than Turkish President Recep Tayyip Erdogan, Azerbaijani President Ilham Aliyev, Serbian President Aleksandar Vucic, Ukrainian President Petro Poroshenko and Turkish Cypriot President Mustafa Akinci attended a gathering in Central Turkey on 12 June. The amount and variety of attendees of this meeting reveal a […]
