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Tag: oil


Chemical, Commercialization, Conventional Fuels

Why Big Oil Is Helpless To Prevent A Supply Crunch

July 16, 2018

Via: Forbes

With OPEC’s supply cut agreement effectively dead, and Saudi Arabia and Russia racing to hike production, the oil market has clarity on a critical component of global supply. Under pressure from President Donald Trump, Saudi Arabia is preparing to max […]


Chemical, Conventional Fuels

Opec and IEA diverge on world’s capacity cushion

July 13, 2018

Via: Petroleum Economist

As trade tensions and disruptions ripple through the market, Opec and the IEA disagree on the risks to supply Global energy bodies parted ways this week on the expected impact of oil capacity risks caused by sanctions and production outages […]


Commercialization, Conventional Fuels

Spare oil capacity could be ‘stretched to the limit’ by OPEC’s supply boost, IEA says

July 12, 2018

Via: CNBC energy

OPEC’s rejuvenated bid to tame crude prices could soon exhaust the world’s spare capacity cushion, according to the latest monthly report from the International Energy Agency (IEA). The IEA’s closely-watched report comes shortly after crude had its biggest one-day drop […]


Commercialization, Conventional Fuels

The U.S. Spends Billions Annually On Russian Oil

July 12, 2018

Via: Forbes

At this week’s NATO meeting in Brussels, President Trump criticized Germany’s reliance on Russian natural gas: “Germany is totally controlled by Russia. They will be getting between 60 and 70 percent of their energy from Russia and a new pipeline.” […]


Electric, Energy Consumption, World

Could TaaS Offset EV Impact On Oil Demand Growth?

July 11, 2018

Via: Forbes

While there is concern about the potential for growth in electric vehicles (EVs) to suppress oil demand growth, a recent report argues that Transportation as a Service (TAAS) could provide an alternative source of fossil fuel demand. Kimmeridge Energy has […]


Chemical, Conventional Fuels

Oil’s New Technology Spells End of Boom for Roughnecks

July 10, 2018

Via: WSJ Business

After 20 years in the oil-and-gas industry, Eric Neece was used to its booms and busts. He wasn’t surprised when he was laid off by GE Oil & Gas in Conroe, Texas, in 2015 after oil prices plummeted. He figured […]


Commercialization, Conventional Fuels

Why President Trump Is The Biggest Player In World Oil Markets Today

July 10, 2018

Via: Forbes

If President Donald Trump is not the most significant player in global oil markets today, he’s at least its biggest wild card. Tweets savaging OPEC, U.S. sanctions on Iran and Venezuela, and a precarious trade policy that threatens the health […]


Chemical, Conventional Fuels

Our Energy Dependence Lessens, But Global Impact Is Limited

July 6, 2018

Via: Forbes

In January 1977, the awful day arrived. U.S. petroleum imports passed the magical 50% mark. Yet somehow the world failed to end. Now, with U.S. net imports comprising only 20% of our usage (including NGLs), the supposed energy dominance of […]


Commercialization, Conventional Fuels

7 Reasons Why Oil Market Volatility Is Making A Big Comeback

July 5, 2018

Via: Forbes

After experiencing a period of unusual predictability and calm throughout 2017 and the first half of 2018, the global oil markets are once again becoming increasingly unstable and volatile. What I’ve always called the “fear premium” in crude prices has […]


Commercialization, Conventional Fuels

Will President Trump Save The Oil Market?

July 2, 2018

Via: Forbes

It seems like only yesterday that “it came from the internet” was a snarky comment about the reliability of a fact, and so it seems surprising that so many try to parse the meaning and/or truth of President Trump’s tweets. […]


Commercialization, Conventional Fuels

OPEC Is Dead, Long Live OPEC+

June 29, 2018

Via: Forbes

Despite ongoing geopolitical and diplomatic turmoil, OPEC and its new petro allies – led by Russia – emerged with an agreement to boost crude output by 1 million barrels per day (b/d) in the name of ‘market stability.’ This was […]


Chemical, Conventional Fuels

Oil And Gas Suffers Skills Shortage As They Drill For Data

June 29, 2018

Via: Forbes

Our world has become incredibly connected and that is affecting many industries and the way they share information. The Internet of Things (IoT) plays a pivotal role in this as the devices involved gather important data and provide actionable information […]


Commercialization, Conventional Fuels

Lack of Spare Capacity In World Oil Markets Signals Higher Prices

June 28, 2018

Via: Forbes

It hasn’t even been a week, but it’s already apparent that OPEC’s recent move to increase production won’t be enough to curb oil prices from climbing higher. Global benchmark Brent is already driving toward $80 a barrel again, and $90 […]


Commercialization, Conventional Fuels

The Link Between Crude Oil And Gasoline Prices

June 27, 2018

Via: Forbes

Although oil prices have been all the talk, given last week’s OPEC+ decision to add 1 million b/d of new supply, let’s hit on oil’s most important product: gasoline, where prices have been falling from their four-year highs. Crude oil […]


Commercialization, Conventional Fuels

Gas investment on the up

June 26, 2018

Via: Energy Global

A recent survey from DNV GL suggests that nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s […]