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The Battle For Syria’s Oil Region
The Battle For Syria’s Oil Region The Syrian Civil War has gone through several phases over the course of seven years and it now appears to be entering another one. Government forces have regained control over much of Syria with Russian air support and Iranian ground forces. Only Idlib and the territories east of the […]
IEA Chief: U.S. Oil Output To Near Saudi+Russian Production By 2025
IEA Chief: U.S. Oil Output To Near Saudi+Russian Production By 2025 Total U.S. oil production around 2025 will almost equal the combined production of Russia and Saudi Arabia, Fatih Birol, the Executive Director of the International Energy Agency (IEA), told Turkish state-run Anadolu Agency on Friday. The huge growth in U.S. shale production will completely […]
Interest Rate Hike Hits Oil Hard
Interest Rate Hike Hits Oil Hard Oil prices have been slammed over the past week, dragged down by a variety of forces, including soaring U.S. shale production, higher-than-expected output from Russia, and worries about global demand. On Wednesday, the U.S. Federal Reserve decided to pile on. The central bank hiked interest rates by a quarter-point […]
Energy Transition Under Fire As Power Bills Soar
Energy Transition Under Fire As Power Bills Soar For a long period of time, the energy transition was primarily a technical topic concerning the transformation of the energy grid. Technological developments and the decreasing costs of renewables have made it a viable alternative to fossil fuels. The integration, however, of these new systems requires considerable […]
Shale Growth Could Slow On Oil Price Meltdown
Shale Growth Could Slow On Oil Price Meltdown Can the U.S. shale boom continue if WTI stays mired below $50 per barrel? Much has been made about the dramatic cost reductions that shale drillers have implemented over the past few years, with impressive breakeven prices that should ensure the drilling frenzy continues no matter where […]
What’s Behind The Crash In Crude?
What’s Behind The Crash In Crude? Oil prices crashed to new one-year lows on Tuesday, dragged down by a deepening sense of global economic gloom as well as fears of oversupply in the oil market itself. The reasons for the sudden meltdown were multiple. Rising crude oil inventories and expected increases in shale production weighed […]
Shale Under Pressure As Oil Falls Below $50
Shale Under Pressure As Oil Falls Below $50 The OPEC+ cuts still are not doing very much to boost oil prices, dashing hopes for many U.S. shale producers. With companies in the process of formulating their budgets for 2019, the prospect of $50 oil sticking around raises questions about the heady production figures expected from […]
The Race Is On: Big Oil Rushes To Supply The 1 Billion Disconnected
The Race Is On: Big Oil Rushes To Supply The 1 Billion Disconnected Supermajors are taking on more renewable energy commitments lately as they prepare for a less carbon-intensive future. Some of them are going a step further, coupling these green commitments with humanist causes such as providing access to energy to part of the […]
Slipping Rig Count Can’t Keep Oil Prices From Falling
Slipping Rig Count Can’t Keep Oil Prices From Falling Baker Hughes reported a 4-rig decrease for oil and gas in the United States this week—a loss in rigs for the third week in a row. The four-rig decline was all on the oil-rig side, with gas rigs holding steady. The total number of active oil […]
No, The U.S. Is Not A Net Exporter Of Crude Oil
No, The U.S. Is Not A Net Exporter Of Crude Oil Last week Bloomberg created quite a stir with this story: The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years. I have seen a number of follow-up stories that praised the significance of this development, but others laughed it […]
Big Oil Doubles Down On Shale Despite Price Drop
Big Oil Doubles Down On Shale Despite Price Drop It’s the time of the year when oil companies start announcing their budgets for next year and besides a steady albeit guarded optimism, one thing stands out: oil majors are doubling down on their shale endeavors. Chevron, ConocoPhillips, and Hess Corp all announced their capex plans […]
The Real Implications Of The New Permian Estimates
The Real Implications Of The New Permian Estimates This week the United States Geological Survey (USGS) announced a groundbreaking oil and gas discovery in West Texas’ Permian Basin. According to the organization’s recent press release, a whopping 46.3 billion barrels of oil, 281 trillion cubic feet of natural gas, and 20 billion barrels of natural […]
Geopolitical Stakes Are Huge On This Tiny Island
Geopolitical Stakes Are Huge On This Tiny Island The specter of a rumored U.S. military buildup in Cyprus that would draw a major Russian response now adds to the ongoing Greek Cypriot-Turkish conflict over the island and the oil and gas riches it promises. Ever since the massive hydrocarbon discovery in Cyprus’ exclusive economic zone […]
Is This The Answer To Global Warming?
Is This The Answer To Global Warming? In my previous article – Indisputable Facts On Climate Change – I addressed some of the things we know to be true as it relates to carbon dioxide and global temperatures. Note that I didn’t try to connect any number of potential threads, nor make dire predictions. My article was […]
Is Gasoline Demand Really Slipping?
Is Gasoline Demand Really Slipping? Genscape’s Weekly Gasoline Demand Report data shows relatively flat growth in weekly year-on-year demand for September through November. On the other hand, the U.S. Energy Information Administration (EIA) Weekly Products Supplied data has shown year-on-year declines over the same period despite lower gasoline prices. Our data shows U.S. total motor gasoline […]
