Posted on August 25, 2015
OPEC next gathers December 4 in Vienna, just over a year since Saudi Oil Minister Ali Al-Naimi announced at the previous OPEC winter meeting the Saudi decision to let the oil market determine oil prices rather than to continue Saudi Arabia's role of guarantor of $100+/bbl oil.
Posted on August 20, 2015
Iran's nuclear deal is about much more than the price per gallon. What the U.S. and its allies are trying to accomplish is no less than the reversal of political hostilities that have marginalized Iran for over thirty years and fueled hostility across the region.
Posted on August 12, 2015
With record production of 10.564 million barrels per day in June 2015, Saudi Arabia has been one of the major driving forces behind the current oil price slump.
Posted on August 7, 2015
The growing acceptance that oil prices could stay lower for longer will kick off a fresh round of cuts in spending and workforces for the oil industry.
Posted on August 6, 2015
A flood of bearish news has pushed down oil prices to their lowest levels in months, with WTI nearing $45 per barrel and Brent flirting with sub-$50 territory.
Posted on August 4, 2015
Over the last few weeks I have witnessed another litany of lies that the media insists on putting forth. They come in the form of statements presented as facts to sway opinion while others are opinions quoted by others.
Posted on July 31, 2015
Canada has given oil sands a dirty reputation, but a breakthrough, commercially viable technology has caught the eye of a former Exxon Mobil president who is putting it to use to clean up Utah's billions of barrels of oil sands.
Posted on July 29, 2015
This wonder mineral is the backbone of our everyday lives, popping up in everything from the glass in our windows to our mountains of electronics.
Posted on July 28, 2015
The undisputed king of oil and gas is making some moves that could change the face of the global refining sector.
Posted on July 22, 2015
Surprisingly, a recent IHS study had revealed that the U.S. shale sector has been boosting job creation in addition to supporting around 1.7 million jobs in U.S.
Posted on July 15, 2015
These distortions, which are affecting price through media hype and/or direct/indirect price manipulation, are quite possibly the largest in financial history.
Posted on July 14, 2015
What OPEC countries fear most is a follow-up technological revolution that will lead to a second oil boom in the U.S., and that fear is now being realized.
Posted on July 7, 2015
The news from the recent St. Petersburg Economic Forum, which took place from June 18 to 20, inspired a torrent of speculation on the future direction of energy prices.
Posted on July 6, 2015
Ottawa hopes new emissions rules will get the long-delayed Keystone XL pipeline one step closer to US State Department approval.
Posted on June 29, 2015
In the latest weekly production data from the EIA, on the back of recent March revisions, the U.S. managed to post a 76,000 barrel per day increase in the lower 48.
Posted on June 28, 2015
During the late innings of the ICE-age (as in the Internal Combustion Engine age) it has become clear that feeding gasoline and diesel to the next billion new cars is not going to be easy, or cheap.
Posted on June 21, 2015
In this post I revisit the energy production and consumption data for China looking for clues about the future direction of global energy markets.
Posted on June 16, 2015
The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows.
Posted on June 11, 2015
ConocoPhillips and Husky have both suspended exploration in the play, scared off by the oil price rout.
Posted on June 4, 2015
In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare.
Posted on May 31, 2015
China continues to ratchet down.
Posted on May 21, 2015
Although some US oil companies are struggling with low oil prices, a new wave of innovation is hitting the oil patch, allowing for a significant reduction in drilling costs.
Posted on May 7, 2015
The Environmental Protection Agency's (EPA) new mercury pollution regulations that took effect last month opened the flood gates for a new multi-billion-dollar energy industry that has investors scrambling to get in on second-generation technology poised for massive revenue gains.
Posted on April 30, 2015
There is little doubt that as oil prices fall, some people working in that sector will lose their jobs. What is less clear is the impact those job losses will have on other sectors of the economy.
Posted on April 29, 2015
Last Friday we finally got confirmation of where all the natural gas supply has been coming from as Cabot (COG) reported its earnings.
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