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Russia Considers Possibility Of $25 Oil Next Year
Russia Considers Possibility Of $25 Oil Next Year Russia is considering the notion that oil prices may be as low as $25 per barrel in 2020, the country’s central bank said in its new forecast published on Monday, as cited by Reuters. Russia’s Central Bank has forecast in its macroeconomic forecast that oil could possibly hit […]
Possible Currency War Would Be A Disaster For Oil
Possible Currency War Would Be A Disaster For Oil Oil prices plunged on Friday after the U.S. and China both announced tariff hikes in tit-for-tat fashion. At the same time, markets opened on a positive note early Monday after President Trump struck a more conciliatory tone. But the respite could be brief. Global financial markets are completely at the […]
Will Europe Ever Shake Its Dependence On Russian Energy?
Will Europe Ever Shake Its Dependence On Russian Energy? Much of the current discourse over Europe’s economic “independence” has revolved around its increasingly-tense relationship with the Trump administration over foreign policy issues such as trade and Iran. This focus has sidelined another important development, however: portions of the European energy industry—a major pillar of the […]
Carmakers Face Supply Bottleneck Of This Crucial Metal
Carmakers Face Supply Bottleneck Of This Crucial Metal For Tesla and its chief competitors in the race for global domination of electric vehicle sales, it ain’t all about lithium ion. There are other valuable metals needed to make the battery packs do what’s asked of them, with nickel being essential. Tesla and its battery producer […]
OPEC’s Fight To End The Oil Glut Is Far From Over
OPEC’s Fight To End The Oil Glut Is Far From Over OPEC and its Russia-led non-OPEC allies are in their third year of managing supply to the market, hoping to draw down high inventories and push up oil prices. Early this month, the so-called OPEC+ coalition of partners rolled over their production cuts of a combined 1.8 […]
U.S. Shale Is Doomed No Matter What They Do
U.S. Shale Is Doomed No Matter What They Do With financial stress setting in for U.S. shale companies, some are trying to drill their way out of the problem, while others are hoping to boost profitability by cutting costs and implementing spending restraint. Both approaches are riddled with risk. “Turbulence and desperation are roiling the […]
Is US Shale Cannibalizing Itself?
Is US Shale Cannibalizing Itself? U.S. oil production continues to grow, but the shale industry is in the midst of a deceleration as low oil prices and a financial squeeze slow the pace of drilling. The U.S. added 246,000 bpd of fresh supply in April, the latest month for which data solid is available. That put to […]
Persian Gulf Conflict Could Send Oil Beyond $325
Persian Gulf Conflict Could Send Oil Beyond $325+ The possibility of Iran attempting to close the Strait of Hormuz to tanker traffic has increased significantly in recent weeks, as has the possibility of a Persian Gulf War, especially with the Islamic Republics’ intentional destruction of a U.S. surveillance drone on June 20. This act provides weight to […]
The Oil Crisis Saudi Arabia Can’t Solve
The Oil Crisis Saudi Arabia Can’t Solve Saudi Arabia’s CEO Amin Nasr’s message to the press that oil flows to the market are guaranteed, should be taken with a pinch of salt. Looking at the current volatility in the Persian/Arabian Gulf and the possibility of a temporary closure of the Strait of Hormuz, the Aramco CEO’s message […]
Two Events That Will Determine Oil Prices
Two Events That Will Determine Oil Prices Two big events over the next two weeks will determine the trajectory for oil prices in the second half of the year. One of those events will take place in Japan, the other in Austria. U.S. President Donald Trump will meet Chinese President Xi Jingping on the sidelines […]
The “Polar Silk Road” Could Be A Gamechanger For Natural Gas
The “Polar Silk Road” Could Be A Gamechanger For Natural Gas It’s been well over a year since the then-United States Secretary of Defense Jim Mattis accused Russia and China of being “revisionist powers” each working its way toward making a power grab on the world stage and announced that the U.S. would be shifting […]
The Most Crucial Pipeline Of The Middle East?
The Most Crucial Pipeline Of The Middle East? Contemporary Middle Eastern history is strongly influenced by energy politics. Besides providing revenue for the state’s coffers, oil is also a potent geopolitical tool in the hands of resource-rich countries. Recently, officials from Lebanon, Syria and Iraq have engaged in talks to restart the dysfunctional pipeline that once […]
The Biggest Losers In The Shale Slowdown
The Biggest Losers In The Shale Slowdown Schlumberger saw its debt rating downgraded by S&P due to the unfolding slowdown in drilling by U.S. shale companies. The largest oilfield service company in the world has seen its earnings hit as the shale industry goes through a soft patch. S&P cut Schlumberger’s debt rating to A+, […]
Tainted Russian Oil Crisis May Drag On For Months
Tainted Russian Oil Crisis May Drag On For Months It’s been a month since Russian oil flows through the Druzhba pipeline were suspended due to contamination, and despite Russia’s assurances that clean oil will resume flowing through the pipeline westward to Europe in the second half of May, analysts and traders say the progress is […]
Will The U.S. Slap Sanctions On Nord Stream 2?
Will The U.S. Slap Sanctions On Nord Stream 2? There is a growing push in the U.S. Congress to slap sanctions on the Nord Stream 2 pipeline. The pipeline under construction would carry Russian natural gas to Germany, and has been a lightning rod of controversy both in Europe and across the Atlantic. Many governments […]
