Home » Posts tagged 'oilprice.com' (Page 39)
Tag Archives: oilprice.com
U.S. Shale Isn’t As Strong As It Appears
U.S. Shale Isn’t As Strong As It Appears The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian oil sands industries will have to come from higher oil prices, according to a new report from […]
Bahrain Races To Meet Growing Power Demand
Bahrain Races To Meet Growing Power Demand At the end of June the Electricity and Water Authority (EWA) closed its prequalification process for interested developers in the tender round for the Al Dur 2 Independent Water and Power Project. After review by the authority, the project will be awarded on a build-own-operate basis, though further […]
Oil Prices Steady, But $80 Oil Is Coming, Says Analyst
Oil Prices Steady, But $80 Oil Is Coming, Says Analyst Oil prices were basically flat early on Wednesday, but $80 oil could be just around the corner, according to analyst Jodie Gunzberg, head of commodity and real asset indices at S&P Dow Jones Indices in a CNBC interview on Wednesday. While prices are holding just […]
Expert Analysis: Oil Prices Have Risen Too Far Too Fast
Expert Analysis: Oil Prices Have Risen Too Far Too Fast Last Friday we argued that the rally in WTI and Brent looked overstretched from technical and positioning viewpoints. This week obviously didn’t serve our viewpoint as geopolitical tensions in Iraq alongside bullish long-term calls from Citi and the trading group community- particularly Trafigura- at APPEC […]
Citi: An Oil Supply Squeeze Is Inevitable
Citi: An Oil Supply Squeeze Is Inevitable It’s somewhat tradition for oil analysts to produce a flurry of new forecasts after every sharp move in prices, and the latest rally in WTI and Brent is no exception. In just the last couple of days we’ve seen one analyst predict prices of $80 per barrel, while […]
Oil Analysts Baffled As Venezuela Ditches Petrodollar
Oil Analysts Baffled As Venezuela Ditches Petrodollar At the end of August, the U.S. stepped up sanctions on Venezuela, prohibiting dealings in new debt or equity issued by state oil firm Petroleos de Venezuela SA (PDVSA) or the government. A couple of weeks later Venezuela responded to what it called an “economic blockade” by suspending […]
Aston Martin CEO: UK Fossil Fuel Ban “Meaningless”
Aston Martin CEO: UK Fossil Fuel Ban “Meaningless” British performance carmaker Aston Martin’s chief sees his country taking a very unrealistic approach to dealing with air pollution. The UK government’s July announcement that it will be banning the sale of petrol- and diesel-powered vehicles by 2040 is “meaningless” to Aston Martin CEO Andy Palmer. Government […]
Permian Still Holds 60-70 Billion Barrels Of Recoverable Oi
Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil The lucrative Permian Basin still holds between 60 and 70 billion barrels of unharvested oil, IHS Markit Ltd said this week. The recoverable resources in the basin shared by Texas and New Mexico could supply crude to every U.S. refinery for 12 years straight—that’s a total […]
U.S. Shale’s Most Productive Play May Peak By 2021
U.S. Shale’s Most Productive Play May Peak By 2021 The world’s top shale play, the Permian, has shown remarkable resilience amid the lower-for-longer oil prices. Permian production has grown and should continue its rise into the foreseeable future. Technological advances spurred the rapid rise of the Permian, but as drillers are set to continuously develop […]
The Race For The “Holy Grail” Of Renewables
The Race For The “Holy Grail” Of Renewables In February, AES Energy’s Escondido battery storage facility in California was hailed as the largest one to date, with a capacity of 30 MW/120 MWh. Now, Tesla is building a bigger one—100 MW/129 MWh—in Australia. On the face of it, it’s a race for the bigger battery […]
Hurricane Damage To Trigger Fuel Glut
Hurricane Damage To Trigger Fuel Glut Damage from hurricanes in the Caribbean, which sends a substantial amount of fuel oil to the U.S. Gulf Coast, could lead to a glut of the fuel, S&P Platts reported, citing sources with knowledge of the situation. Hurricanes Irma and Maria, which made landfall in the Caribbean over the […]
IEA: Price Spike Coming In 2020
IEA: Price Spike Coming In 2020 The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a supply crunch in a few years due to the sharp fall in industry spending. The halving of oil prices […]
Just How Big Is The Oil Market?
Just How Big Is The Oil Market? Big Oil The Oil Market Is Bigger Than All Metal Markets Combined Ever since the invention of the internal combustion engine, oil has been one of the most crucial commodities on Earth. Without it, modern transportation as we know it would not be possible. Industries such as aviation, […]
China To Dictate Energy Growth In Coming Years
China To Dictate Energy Growth In Coming Years Natural gas, renewables expected to grow significantly The EIA released this year’s International Energy Outlook today, outlining expected trends in energy through 2040. The International Energy Outlook predicts that total world energy consumption will grow by 28 percent between 2015 and 2040, primarily driven by non-OECD countries. Non-OECD Asia […]
U.S. Oil Rig Count Continues To Collapse
U.S. Oil Rig Count Continues To Collapse The number of active oil and gas rigs in the United States fell this week by 8 rigs. The total oil and gas rig count in the United States now stands at 936 rigs, up 430 rigs from the year prior, with the number of oil rigs in […]
