Home » Posts tagged 'oilprice.com' (Page 33)
Tag Archives: oilprice.com
UK’s Secret Cold War Plan For Middle East Oil Fields
UK’s Secret Cold War Plan For Middle East Oil Fields The 1950s were a turbulent time on both sides of the Iron Curtain. With the Second World War over and the star role played by crude oil in its outcome, British and U.S. intelligence agencies wasted no time working out scenarios should the Soviets invade […]
Cold Snap Heats Up Natural Gas Prices
Cold Snap Heats Up Natural Gas Prices Natural gas inventories plunged by 288 billion cubic feet (Bcf) for the week ending January 19, another massive decline that has tightened supplies and pushed up prices. Total gas inventories now stand at 2,296 Bcf, which is 519 Bcf lower than at this point last year, and 486 […]
The 10 Oil Projects Adding 1.1 Million Bpd To Global Supply
The 10 Oil Projects Adding 1.1 Million Bpd To Global Supply The ten largest upcoming onshore oil projects worldwide are expected to add 1.135 million bpdto the global oil supply by 2025, according to research and analytics firm GlobalData. The ten biggest onshore projects—out of a total of 126 such developments worldwide—are expected to consume […]
An Unsolvable Natural Gas Dilemma
An Unsolvable Natural Gas Dilemma Natural gas isn’t the first thing that comes to mind at the mention of the Netherlands. Clean energy is a more likely association. And yet gas is at the center of one of the country’s major headaches. At the heart of the problem is the giant Groningen gas field that, […]
Why Oil Prices Could Dive
Why Oil Prices Could Dive WTI briefly touched $65 per barrel after the EIA reported a surprise drawdown in inventories — the highest price since late 2014. Although the rally hit some stumbling blocks in recent days, prices remain at multi-year highs. However, absent further bullish news, the downside risk looms large. One of the […]
What Could Push Oil To $100?
What Could Push Oil To $100? If anyone thought the latest oil market outlooks of the EIA and the IEA are upbeat, here’s an even more upbeat one from Energy Aspects: The consultancy expects crude demand this year to grow by 1.7 million bpd, and says Brent could touch above $100 a barrel in 2019. […]
Trump’s Offshore Drilling Plan Is A Slippery Slope
Trump’s Offshore Drilling Plan Is A Slippery Slope The Trump Administration has offered to open more than 90 percent of the federal Outer Continental Shelf (OCS) for consideration of future exploration and development. The proposal is in stark contrast to the current lease sale program that puts 94 percent of the shelf off limits. “The […]
Can Anything Stop The Shale Surge?
Can Anything Stop The Shale Surge? Higher oil prices may lead to huge growth in U.S. shale production, according to revised predictions from both OPEC and the IEA. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) …click on the above link to read the rest of the article…
Peak Oil Demand Is A Slow-Motion Train Wreck
Peak Oil Demand Is A Slow-Motion Train Wreck Will oil demand peak within five years? 15 years? Or not until 2040 or 2050? The precise date at which oil demand hits a high point and then enters into decline has been the subject of much debate, and a topic that has attracted a lot of […]
What’s The Limit For Permian Oil Production?
What’s The Limit For Permian Oil Production? The ‘hottest shale play’ has been the media’s favorite cliché for the Permian Basin over the past year. And while cliché, the basin straddling West Texas and New Mexico has lived up to this description—its oil production, unlike that in other basins, did not fall off a cliff […]
Is An Oil Price Spike Inevitable?
Is An Oil Price Spike Inevitable? The oil glut is over, at least when it comes to U.S. commercial inventories: over the past two months they have been within the average range for the season, thanks to hefty draws. These draws, one analyst argues, are a signal of higher-than-expected demand that is not only an […]
Norway Desperately Needs Large Oil Discoveries
Norway Desperately Needs Large Oil Discoveries Thanks to costs cuts and large oil discoveries made before the oil price crash, Norway will be able to sustain its oil and gas production over the next five years. But reduced exploration drilling and lack of big discoveries in the past two years spell trouble for Western Europe’s […]
Could An Oil Surplus Be A Sign Of Things To Come?
Could An Oil Surplus Be A Sign Of Things To Come? Today, we have a surplus of oil, which we are trying to use up. That has never happened before, or did it? Well, actually, it did, back around 1930. As most of us remember, that was not a pleasant time. It was during the […]
Russia To Discuss Possible Exit From OPEC Deal
Russia To Discuss Possible Exit From OPEC Deal Russia may be on its way out of the OPEC output reduction deal, according to the country’s Energy Minister, Alexander Novak. Reuters reports that Novak might discuss the country’s potential exit from the pact in Oman next week. Russia had vowed to cut output by 300,000 barrels […]
Coastal States Protest Trump’s Offshore Drilling Plan
Coastal States Protest Trump’s Offshore Drilling Plan Less than a week after the Trump Administration proposed to open almost the entire U.S. coast to oil and gas drilling, Secretary of the Interior Ryan Zinke backtracked and took Florida off the table for offshore oil and gas exploration. Now many are wondering why just Florida was […]
