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Tag: oil


Chemical, Conventional Fuels, Energy Consumption, World

Forecasts Of Peak Oil Demand Overstated

September 18, 2018

Via: Forbes

There will come a time in the future when oil demand stops growing, but recent forecasts putting that date in 2023, five years from today, should be viewed with skepticism. Long-term forecasts about oil market behavior are notoriously wrong and […]


Chemical, Conventional Fuels

Oil Will Remain A Large, Viable Industry

September 14, 2018

Via: Forbes

In the previous article, I discussed the natural gas projections from the recent report Rivalry: The IHS Markit View of the Energy Future (2018-50). IHS Markit is a provider of global market data for a number of sectors, including energy. […]


Commercialization, Conventional Fuels

OPEC sees global oil supply as robust, demand growth revised a touch lower

September 12, 2018

Via: CNBC energy

Despite fears of disruptions to global oil supplies and curbs on production, major oil producing group OPEC sees global oil supplies as fine – it’s demand that should be worrying people. The 15-member OPEC said Wednesday in its latest monthly […]


Commercialization, Conventional Fuels

Trump’s sanctions on Iran could push oil prices above $100 per barrel

September 11, 2018

Via: CNBC energy

U.S. sanctions on Iran’s energy industry, when they come into effect in November, could potentially drive oil prices above $100 per barrel, according to an industry expert. U.S. West Texas Intermediate crude oil futures traded at about $68 per barrel […]


Chemical, Conventional Fuels

Natural gas will overtake oil to become North America’s ‘single largest energy source’ this year, risk management firm says

September 10, 2018

Via: CNBC energy

Oil will be toppled as North America’s primary energy source this year, according to risk management firm DNV GL, with natural gas and electrification set to reshape the region’s energy future. The Norway-headquartered firm said Monday that overall energy demand […]


Chemical, Conventional Fuels, News and Policies, World

Oil And Gas Sector Needs To Innovate And Adapt Without Losing Focus

August 31, 2018

Via: Forbes

Every two years the great and the good in the oil and gas industry congregate in the southern Norway town of Stavanger for the ONS exhibition. This year’s event attracted 1,124 exhibitors from 37 countries visited by more than 65,000 […]


Commercialization, Conventional Fuels

Trump’s Tariffs Raising Costs For The U.S. Oil And Gas Industry – And Americans

August 31, 2018

Via: Forbes

”We’re now seeing the impacts of the steel tariffs flow through and they’re affecting, of course, tubulars and other steel products that we use. We can see steel easily compared to last year would be 20% to 25% over last […]


News and Policies, World

Iran’s Oil Exports Plummet 600,000 b/d As U.S. Sanctions Force Key Buyers To Seek Alternatives

August 29, 2018

Via: Forbes

U.S. policy to deny Iran oil revenue is an existential threat to the survival of the Islamic Republic. And Washington is doing it through a Reagan-like economic warfare toolbox. Iran’s oil exports are down sharply since the beginning of August […]


Commercialization, Conventional Fuels

Oil rises as US sanctions on Iran cloud supply outlook

August 24, 2018

Via: CNBC energy

Oil prices rose on Friday, putting futures on pace to snap several weeks of declines, supported by signs that U.S. sanctions on Iran are already reducing global crude supply. Benchmark Brent crude oil was up 85 cents, or 1.1 percent, […]


Chemical, Conventional Fuels, News and Policies, State

North To Alaska! The Next Oil Boom

August 23, 2018

Via: Forbes

The media was all atwitter about the announcement that Alaska might be the next oil boom province, based on a new report from IHSMarkit which estimated that 28 billion barrels of recoverable resources remain in the Alaskan North Slope (where […]


Chemical, Conventional Fuels, News and Policies, U.S.

The Oil And Gas Situation: In The U.S., Stable And Strong

August 21, 2018

Via: Forbes

As the Trump Administration re-activates sanctions on Iran and its crude oil exports, now seems a good time to assess the current state of the U.S. oil and gas industry: The overall rig count continues its slow rise. – The […]


Commercialization, Conventional Fuels

If Turkey Catches Pneumonia, Will The Oil Market Catch A Cold?

August 15, 2018

Via: Forbes

Financial markets are being roiled by the collapse of the Turkish Lira, as President Erdogan does his impression of King Canute, trying to hold back a tide of bearish sentiment. Unfortunately for him, global markets are no more obedient than […]


Commercialization, Conventional Fuels

US dollar strength could soon become an ‘unbearable burden’ on the oil market, analyst says

August 13, 2018

Via: CNBC energy

The prospect of continued strength in the U.S. dollar over the coming months should constitute an even greater concern to bullish oil traders than an escalating trade war between the world’s two largest economies, an analyst told CNBC on Monday. […]


News and Policies, U.S.

Yes, The U.S. Is The World’s Top Energy Producer

August 8, 2018

Via: Forbes

Last night President Trump spoke to business leaders at a dinner. Daniel Dale, the Washington correspondent for the Toronto Star, posted several tweets about the dinner. In one, he wrote “Quick fact check: Trump spoke to business leaders for 14 […]


Commercialization, Conventional Fuels

Oil Industry Needs Dealmaker To Come Through With China, Saudi Arabia

August 7, 2018

Via: Forbes

President Donald Trump better be as good of a negotiator as he claims. U.S. oil and natural gas producers – and American consumers – have a lot riding on President Trump’s unorthodox approach to foreign affairs and trade. The president […]