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Tag: oil


Commercialization, Conventional Fuels

Oil prices are rising and poised for a breakout. Here are the next levels to watch

February 15, 2019

Via: CNBC energy

Analysts say oil prices are approaching breakout levels, and the final day of trading this week will offer clues about whether crude futures can keep rallying. Brent crude on Friday topped $65 a barrel for the first time this year, […]


Chemical, Conventional Fuels

How Much Oil Does Saudi Arabia Really Have?

February 14, 2019

Via: Forbes

Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. In reality, a lot of this oil is extra-heavy crude oil, and may not be economical to produce at prevailing prices. Thus, some portion […]


Energy Economics

The Oil Industry Demonstrates Why Limits On Share Buybacks Are Unwise

February 6, 2019

Via: Forbes

Senators Bernie Sanders and Charles Schumer have issued a call to limit share repurchases by companies, saying in a New York Times op-ed, “…companies, rather than investing in ways to make their businesses more resilient or their workers more productive, […]


Commercialization, Conventional Fuels

Wild crude oil price swings may be new normal for markets as US, Russia and Saudis vie for influence

February 5, 2019

Via: CNBC energy

During just six months crude oil prices ripped higher by about 20 percent, plunged more than 40 percent and snapped back 25 percent, an intense volatility that analysts warn could be the new normal in the oil market. December was […]


Commercialization, Conventional Fuels

Is A Possible Recession Priced Into Oil Markets?

February 4, 2019

Via: Forbes

The U.S. stock market, after plunging late in 2018, has largely recovered, yet thinking about the economy in coming months should include the possibility of a recession or at least significant economic slowing in the U.S. and the world more […]


Commercialization, Conventional Fuels

Opec’s 2019 dilemma

February 1, 2019

Via: Petroleum Economist

Bearish voices are loudest these days. Several big houses have downgraded their 2019 price forecasts: Goldman Sachs has gone from $70/bl to $62.50/bl, citing a surge in production, particularly from US shale. Opec may be less influential than it used […]


Energy Economics

U.S. Oil Sanctions On Venezuela Could Be An Energy Windfall For India And China

January 31, 2019

Via: Forbes

Oil sanctions imposed by the U.S. on Venezuela earlier this week could prove to be an energy windfall for India and China. The Trump Administration announced sanctions against Venezuela’s state-owned oil company, PetrĂłleos de Venezuela, S.A., or PDVSA, targeting the […]


Commercialization, Conventional Fuels

Scenarios For Venezuelan Oil Supply After Regime Change

January 25, 2019

Via: Forbes

A couple years ago, I asked a friend with ties to the Venezuelan Ă©migrĂ© community if there was a betting pool on the date the Venezuelan regime would fall and he said most Venezuelans have shortened index fingers from tapping […]


Commercialization, Conventional Fuels

Oil major CEO names his top risk for oil markets — and it’s not what you think

January 24, 2019

Via: CNBC energy

Global oil markets are facing an uncertain year with slowing global growth driving less global demand for oil while the supply picture looks unclear with production cuts by OPEC and Russia potentially counteracted by the growth in U.S. shale oil […]


News and Policies, World

OPEC oil production sinks in December as Saudis cut output more than expected

January 17, 2019

Via: CNBC energy

OPEC slashed production in December, delivering a bullish signal to the market one month before the producer group officially began a fresh round of output cuts. Last month, OPEC struck a deal with Russia and nine other nations to keep […]


Chemical, Conventional Fuels

Oil Sector Primed For Major Merger And Acquisition Activity

January 14, 2019

Via: Forbes

Oil and gas merger and acquisition (M&A) activity has ground to a halt in recent months due to extreme volatility in commodity markets. But don’t expect that to continue, especially in the U.S. exploration and production (E&P) sector, where valuations […]


Chemical, Conventional Fuels

NPD: oil and gas production to increase from 2020

January 10, 2019

Via: Energy Global

“The activity level on the Norwegian Shelf is high. Production forecasts for the next few years are promising and lay a foundation for substantial revenues, both for the companies and the Norwegian society. There is considerable interest in exploring for […]


Chemical, Conventional Fuels

Trade war and US shale are the biggest concerns for outgoing OPEC chief

January 9, 2019

Via: CNBC energy

The U.S.-China trade war and booming American shale production are among the top worries for the United Arab Emirates’ energy minister and former OPEC president. After a volatile year for oil prices, hydrocarbon-exporting countries are buckling down for what could […]


Chemical, Conventional Fuels, News and Policies, World

Europe is fast-becoming a natural gas battleground for Russia and the US

January 8, 2019

Via: CNBC energy

With 28 countries and a combined population of around 512 million people, the European Union is something of a prized market — and political battleground — for the world’s largest energy exporters, particularly when it comes to natural gas. Russia […]


Commercialization, Conventional Fuels

Oil Markets Are In For Wild Ride In 2019

January 7, 2019

Via: Forbes

If you thought global oil markets were a rollercoaster ride in 2018, better buckle up. Last year was certainly chaotic with international benchmark Brent prices surging above $85 a barrel in October, only to plunge 40% in the final months […]