Tag: oil

September 12, 2019

China’s decision on September 11 to waive tariffs on an array of U.S. exports came as welcome news to a variety of American businesses, as did the Trump Administration’s reciprocal action of delaying new tariffs on Chinese goods scheduled to […]

September 12, 2019

Saudi Arabia’s newly appointed energy minister said Thursday that OPEC and non-OPEC partners would consider deeper production cuts at its next full meeting. Speaking shortly after the conclusion of the Joint Ministerial Monitoring Committee (JMMC) in Abu Dhabi, Prince Abdulaziz […]

September 10, 2019

A rise in U.S. shale oil output and lackluster global demand will create volatility for oil markets, according to Dan Yergin, IHS Markit’s vice chairman. “The pipeline bottlenecks are in the process of being resolved, so a lot more oil […]

September 5, 2019

OPEC is under intensifying pressure to show it still has the power to reverse a slide in oil prices, according to RBC Capital Market’s Helima Croft. The Middle East-dominated producer group has struggled to shore up crude futures this year, […]

August 29, 2019

After oil prices dropped about $10 a barrel since this spring, they now appear to be on an upward trajectory, despite continued fears that the trade war will cause a recession or that the imbroglio between Iran and President Trump […]

August 27, 2019

President Donald Trump has done much to support the U.S. oil and gas industry since moving into the White House in 2017, but his approach to trade policy threatens to undo much of the good. Trump escalated the trade war […]

August 21, 2019

The U.S. energy revolution that’s taken place since 2000 catapulted the country to become the global leader in petroleum, including oil, and natural gas production in 2018, according to a recent report from the Energy Information Administration: “Last year’s increase […]

August 15, 2019

Saudi Arabia has seriously ramped up its oil exports to China in recent months. How dramatic is the change? Take a look at this graph, which uses data from oil tanker tracking firm TankerTrackers.com. The Saudi Kingdom’s crude shipments to […]

August 14, 2019

Google “oil” and “curse” and you get about 25 million hits, which is pretty good considering “michael lynch petroleum idiot” only gets a quarter of a million. (To which my daughter once said, “Dad, if all those people think you’re […]

August 12, 2019

Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as crude. International benchmark Brent crude futures were at $58.65 a barrel, up 10 cents […]

August 9, 2019

A United Nations mandate on the shipping industry to remove up to 85% of the sulfur content from its fuel to cut 3% of global carbon dioxide emissions could throw the industry into massive disruption. Some analysts argue it could […]

August 8, 2019

What we’re seeing is that [Permian Basin] wells drilled this year are continuing the trend of being better than they were the year before, across the whole Permian – the New Mexico Permian and the Texas Permian. Average per-well peak […]

August 8, 2019

Oil prices have tumbled in the past month well into bear-market territory. The market-opening price for WTI on Thursday was slightly above $52 a barrel. The Brent international benchmark price was just above $57 a barrel. The oil sector is […]

August 7, 2019

The “Chemical Enhanced Oil Recovery (EOR / IOR) – Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering. Chemical Enhanced Oil Recovery (EOR / IOR) market worldwide is projected to grow by US$329.2 Thousand, guided by a […]

August 5, 2019

The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) selected five projects to receive approximately $39.9 million in federal funding for cost-shared research and development projects under funding opportunity announcement (FOA), Advanced Technologies for Enhanced Oil Recovery. DOE […]