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Tag Archives: oil price.com
Tight Oil Markets Could Be About To See A ‘Violent’ Price Spike
Tight Oil Markets Could Be About To See A ‘Violent’ Price Spike Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, according to Rystad Energy. Two Saudi Arabian oil tankers were reportedly attacked off the coast of the United Arab Emirates (UAE) this weekend, sending crude […]
Climate Change Triggers Hysteria As Ireland Declares A ‘Climate Emergency’
Climate Change Triggers Hysteria As Ireland Declares A ‘Climate Emergency’ Ireland has declared a climate emergency, with Climate Action Minister Richard Bruton calling climate change the greatest challenge mankind is facing. ITV quoted the minister as saying, “We’re reaching a tipping point in respect of climate deterioration. Things will deteriorate very rapidly unless we move very swiftly […]
Why Your Gasoline Won’t Take You As Far As it Used To
Why Your Gasoline Won’t Take You As Far As it Used To Over the weekend, I saw a passing reference on Twitter to the declining energy content of gasoline. Intuitively I know this to be correct for reasons I discuss below. But the poster linked to data from the Energy Information Administration (EIA) that I hadn’t […]
The Beginning Of The End For British Shale Gas
The Beginning Of The End For British Shale Gas Amid the ruckus of Great Britain’s reckless Brexit saga, one might not have noticed the ongoing environmental battle that could put a sudden end to shale gas development in the UK. While Britain’s energy security does not have any direct links to Brexit – its hydrocarbon […]
A New Mega Cartel Is Emerging In Oil Markets
A New Mega Cartel Is Emerging In Oil Markets China and India—two of the world’s largest oil importers and the biggest demand growth centers globally—are close to setting up an oil buyers’ club to have a say in the pricing and sourcing of crude oil amid OPEC’s cuts and U.S. sanctions on Iran and Venezuela, […]
19 Historical Oil Disruptions, And How No.20 Will Shock Markets
19 Historical Oil Disruptions, And How No.20 Will Shock Markets Albert Einstein once wrote that “the definition of insanity is doing the same thing over and over again and expecting different results.” Were he alive today, he would be repeating the line to anyone who would listen, especially the reporters on cable news channels such […]
Report: Big Oil Is Spending ‘’Too Much’’ On New Oil Production
Report: Big Oil Is Spending ‘’Too Much’’ On New Oil Production Big Oil plans to spend nearly US$5 trillion in capital expenditure over the next decade, much of which would go into adding new production. Yet this money will also bring the world farther from the Paris Agreement climate targets, a report from energy industry-focused […]
Saudi Arabia Will Cap The Oil Price Rally
Saudi Arabia Will Cap The Oil Price Rally The US said on Monday that it won’t extend the sanctions waivers for eight countries importing crude oil from Iran. The move could remove around 1.1 million barrels per day from the market. Although Rystad Energy anticipated a further tightening of sanctions, the details in the announcement […]
Saudi Oil Minister: We Won’t Ramp Up Oil Production Soon
Saudi Oil Minister: We Won’t Ramp Up Oil Production Soon Saudi Arabia plans to stay within the limits of its ceiling under the OPEC+ production cut deal in May and will certainly not rush to ramp up production, although it would respond to customer needs if they want more oil, Saudi Energy Minister Khalid al-Falih said on […]
The U.S. Is Losing Influence In The World’s Biggest Oil Region
The U.S. Is Losing Influence In The World’s Biggest Oil Region Egyptian President Abdul Fatah al-Sisi’s visit to the White House on April 9, 2019, resulted in one of the worst setbacks for U.S. Middle Eastern policy under the Donald Trump Administration. What was supposed to be a fence-mending exercise between the two countries essentially […]
Decline In U.S. Oil Rigs Sends WTI Higher
Decline In U.S. Oil Rigs Sends WTI Higher The the number of active oil and gas rigs fell in the United States this week according to Baker Hughes. The total number of active oil and gas drilling rigs fell by 3 according to the report with the number of active oil rigs gaining 2 to […]
Sharp Rise In Rig Count Pressures Oil Prices
Sharp Rise In Rig Count Pressures Oil Prices The the number of active oil and gas rigs rose by 19 after two weeks of big losses in the United States this week according to Baker Hughes, in a sign that US production is still set for increases. The total number of active oil and gas […]
Platts Survey: OPEC Oil Production Down To More Than 4-Year Low
Platts Survey: OPEC Oil Production Down To More Than 4-Year Low Over-delivering Saudi Arabia and blackouts in Venezuela helped push OPEC’s crude oil production down by 570,000 bpd from February to 30.23 million bpd in March—the lowest production from the cartel in more than four years, according to the monthly S&P Global Platts survey published on Friday. […]
Is This The End Of Colorado’s Shale Boom?
Is This The End Of Colorado’s Shale Boom? Colorado has hosted a surge in oil and gas production in the last few years, but the industry faces new challenges as the state overhauls its regulatory regime. Much of the shale boom in Colorado has been concentrated in relatively dense suburbs north of Denver, which means, […]
Shale Is In A Deep State Of Flux
Shale Is In A Deep State Of Flux Oil prices are rising to their highest level in months, with WTI having topped $60 per barrel, but the U.S. shale industry is still showing signs of strain. “This is a cycle in our industry where only the large well-capitalized companies can grow. Small companies without access […]
