Tag: oil

September 18, 2018

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 […]

September 14, 2018

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. […]

September 12, 2018

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 […]

September 11, 2018

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 […]

September 10, 2018

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 […]

August 31, 2018

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 […]

August 31, 2018

”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 […]

August 29, 2018

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 […]

August 24, 2018

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, […]

August 23, 2018

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 […]

August 21, 2018

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 […]

August 15, 2018

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 […]

August 13, 2018

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. […]

August 8, 2018

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 […]

August 7, 2018

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 […]