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Saudi Arabia Vs. Russia: The Next Oil Price War
Saudi Arabia Vs. Russia: The Next Oil Price War International oil markets could be heading towards a new war, as leading OPEC and non-OPEC producers are vying for increased stakes. The unexpected cooperation between OPEC and non-OPEC countries, instigated by the full support of Saudi Arabia (OPEC) and Russia (non-OPEC) has brought some stabilization to […]
OPEC’s No.2 Goes Rogue: Plans 600,000 Bpd Oil Output Increase
OPEC’s No.2 Goes Rogue: Plans 600,000 Bpd Oil Output Increase Iraq has plans to boost its crude oil production by 600,000 bpd to 5 million bpd by the end of this year, regardless of its participation in OPEC’s production cut deal. Iraq is the cartel’s second-biggest exporter of crude and has been the most disinclined […]
Are Mexico’s Oil Reserves Almost Depleted?
Are Mexico’s Oil Reserves Almost Depleted? Mexico’s oil and gas regulator said last week that the country’s proved hydrocarbon reserves will drop by 10.6 percent in 2017. This forecast, coupled with the lower oil production that state company Petroleos Mexicanos (Pemex) reported for yet another year in 2016, is painting a rather bleak picture of […]
What A Westinghouse Bankruptcy Could Mean For U.S. Utilities
What A Westinghouse Bankruptcy Could Mean For U.S. Utilities International news services now report that Japan’s Toshiba Corporation (9502.T) is preparing to make a chapter 11 bankruptcy filing for its Westinghouse Electric subsidiary as soon as this Monday, March 27. For most of our readers this news evokes little surprise. This is merely another chapter […]
Will The Oil Price Slide Lead To A Credit Crunch For U.S. Drillers?
Will The Oil Price Slide Lead To A Credit Crunch For U.S. Drillers? The recent drop in oil prices, which has almost wiped out the price gains since OPEC announced its supply-cut deal, is coming just ahead of the spring season when banks are reassessing the credit lines they are extending to support drillers’ growth […]
Fitch Predicts Drop In Oil Prices By 2017 As U.S. Shale Output Soars
Fitch Predicts Drop In Oil Prices By 2017 As U.S. Shale Output Soars Oil bigwigs should take a step back before becoming too comfortable with the new oil price range according to Fitch Ratings’ newest market analysis. “The recovery in US drilling activity will drive up shale oil production in the second half of 2017, offsetting […]
Why Investors Should Beware Of The Bakken
Why Investors Should Beware Of The Bakken It’s the beginning of the end for the Bakken Shale play. The decline in Bakken oil production that started in January 2015 is probably not reversible. New well performance has deteriorated, gas-oil ratios have increased and water cuts are rising. Much of the reservoir energy from gas expansion […]
Is The Renewable Transition Harming The U.S. Economy?
Is The Renewable Transition Harming The U.S. Economy? Recent data from the 2017 Sustainable Energy in America Factbook suggests that sectors of America’s energy market are quickly shifting towards greener energy, while also dispelling the myth that such shifts will hurt the economy. Despite a GDP growth of 12 percent since 2007, America’s usage of energy has […]
Biggest Gasoline Glut In 27 Years Could Crash Oil Markets
Biggest Gasoline Glut In 27 Years Could Crash Oil Markets Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising U.S. oil production is acting as a counterweight. A new problem that has suddenly emerged is the record levels […]
Glut Fears Spike As Europe Runs Out Of On-Land Oil Storage
Glut Fears Spike As Europe Runs Out Of On-Land Oil Storage Oil has been called names (“dirty fossil fuel!”). The cartels use it as a weapon to thwart their rivals. ISIS steals it and pimps it out on some sketchy black market. Swaths of it are set on fire and used as a shield. The […]
The Natural Gas War Burning Under Syria
The Natural Gas War Burning Under Syria Qatar always wanted to punch above its weight. In Syria, it got the chance. In 2009, Qatar, a leading natural gas producer, approached Syria about routing its planned 1,500 mile pipeline to the gas markets of Europe through Syria’s Aleppo province. Qatar wanted a pipeline straight to Europe as its current […]
Oil Down As Glut Fears Return
Oil Down As Glut Fears Return Oil prices fell on Friday as the IEA downgraded its projections for oil demand, dashing hopes that oil markets would rebalance this year. (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 […]
Why This Oil Crisis Is Different To 2008
Why This Oil Crisis Is Different To 2008 They say history repeats itself, and given the cyclical nature of the oil and gas business, many look to the past when trying to guess what is coming next, but past experience doesn’t always offer an exact model for the present. Much has changed between the 2008 […]
Potash Price Surge Could Lead To Higher Food Costs For Billions
Potash Price Surge Could Lead To Higher Food Costs For Billions We are on the precipice of a food fight among 7 billion people, and potash will be right at the center of it. If you can add 200,000 people every day to the global population and account for a significant loss of farmland […]
Why We Can Expect Cripplingly Higher Oil Prices In The Near Future
Why We Can Expect Cripplingly Higher Oil Prices In The Near Future The break-even price for Permian basin tight oil plays is about $61 per barrel (Table 1). That puts Permian plays among the lowest cost significant supply sources in the world. Although that is good news for U.S. tight oil plays, there is a […]
