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Russia Puts The Blame On Europe As Energy Crisis Worsens
Russia Puts The Blame On Europe As Energy Crisis Worsens The EU is reconsidering its position on extending long-term natural gas contracts. Russia has maintained that the contracts are beneficial for Europe and moving away from them would be a mistake. Russia even went as far as suggesting that Europe’s current energy crisis is its […]
China Could Cause The Next Massive Crash In Oil Prices
China Could Cause The Next Massive Crash In Oil Prices China has been one of the main drivers of the 2000-2014 commodities supercycle Slower economic growth and a huge debt bubble pose a tremendous risk to oil markets China’s Evergrande crisis shows the fragility of the Chinese debt market Given the extreme disconnect between China’s […]
The Geopolitical Game That Could Transform Gas Markets
The Geopolitical Game That Could Transform Gas Markets An apparent detente between the UAE and Turkey could be one of the most significant geopolitical developments in the region for decades If Mohammed bin Zayed can succeed in exploiting Turkey’s economic crisis, the East Mediterranean natural gas fields could finally be exploited and sent to market […]
The Energy Transition Will Be Impossible Without Fossil Fuels
The Energy Transition Will Be Impossible Without Fossil Fuels OPEC members and other participants of ADIPEC2021 are calling on governments and international institutions to be realistic about the global energy transition While countries like the UAE and Saudi Arabia are ready to embrace the energy transition, they argue that nations need to accept the role […]
Brits Google ‘Energy Bill Help’ As Energy Suppliers Go Bankrupt
Brits Google ‘Energy Bill Help’ As Energy Suppliers Go Bankrupt Extreme gas price volatility has led to a string of bankruptcies among British energy suppliers UK Household gas bills have risen by 28.1 percent and electricity bills 18.8 percent in the year to October Germany’s recent decision to halt approval of the Nord Stream 2 […]
Biden Asks The World For Help Easing The Global Energy Crisis
Biden Asks The World For Help Easing The Global Energy Crisis Oil prices have fallen below a key psychological barrier on news that Biden is trying to persuade a number of countries to release crude from their Strategic Petroleum Reserves. Biden’s highly unusual move comes just months after he made another request to OPEC+ to […]
The End Of Venezuela’s Oil Era
The End Of Venezuela’s Oil Era Venezuela, once Latin America’s largest oil producer and a founding member of OPEC, has seen its economically vital oil industry collapse triggering one of the worst economic and humanitarian crises of the century. The pain is far from over for Venezuela’s people and the country’s failing economy. Before 1920, […]
Why U.S. Shale Won’t Go To War With OPEC+
Why U.S. Shale Won’t Go To War With OPEC+ OPEC+ will be very happy with where oil prices currently are and is unlikely to change its course anytime soon The U.S. does have the ability to increase production, but U.S. shale does not have support from either the government or shareholders to boost production significantly […]
Conflict In North Africa Threatens Gas Supply To Europe
Conflict In North Africa Threatens Gas Supply To Europe A diplomatic crisis between Morocco and Algeria threatens gas supply to Spain Spain considers importing more (expensive) LNG Algeria faces a number of problems in expanding its gas market share in Europe European natural gas supplies are not only waning because of lower Russian supply. Brussels, […]
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022
The Oil Omen: First Large U.S. Shale Driller To Pledge Flat Output In 2022 Diamondback said it planned to pump some 221,000 to 225,000 barrels of crude daily. For full 2021, Diamondback said production would come in at between 222,000 to 223,000 bpd Most large shale drillers are adopting the same approach in order to […]
BP: Oil Demand Has Already Topped 100 Million Bpd
BP: Oil Demand Has Already Topped 100 Million Bpd BP: Global oil demand has already exceeded the threshold of 100 million barrels per day Demand will continue to increase and reach pre-COVID levels at some point in 2022 Global oil demand has already exceeded the threshold of 100 million barrels per day (bpd) last seen […]
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand. Higher fuel prices are weighing on global food supply chains, with transportation and farming costs continuing to climb. The hardest hit will, once again, be […]
Oil Prices Will Remain High For Years To Come
Oil Prices Will Remain High For Years To Come A growing number of major investment banks are turning bullish on oil in the medium to long term. A lack of investment is leading to supply deficits as demand rebounds to pre-COVID levels. Rebounding consumption and tight supply could push oil prices even higher. Six years […]
Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas
Putin Lays Cards Down: Approve Nord Stream 2 To Get More Gas Russia could immediately increase natural gas deliveries to Europe as soon as German authorities approve the Nord Stream 2 pipeline, the Financial Times reports, citing President Vladimir Putin as saying gas can be delivered “the day after tomorrow” if approval is granted “tomorrow”. Putin […]
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200
Forget $100, Options Traders Now Betting On Oil Prices Hitting $200 $100 Oil is no longer an ‘outrageous’ bet in the call-options market Some speculative traders are now betting on $200 oil in December 2022 For those betting on $100 oil, the leader of the OPEC+ alliance, Saudi Arabia, has a message: look beyond the […]
