Tag: oil

July 22, 2019

The United States and Iran both say they want to avoid war. Even without one, the drama we’ve seen the last two months in the Persian Gulf still presents a threat to the global energy industry. That risk is incredibly […]

July 17, 2019

UK pension schemes have for a couple of decades spoken about taking environmental, social and governance (ESG) factors into consideration in their investment decisions—and then largely proceeded to invest regardless. The movement had lacked focus, but momentum is now squarely […]

July 12, 2019

The International Energy Agency (IEA) expects the return of an oversupplied oil market next year, despite the recent rollover of an OPEC-led pact designed to restrain any glut. The energy agency said the “main message” of its closely-watched report was […]

June 28, 2019

A flurry of oil tanker attacks in the world’s busiest transit lane for seaborne oil shipments has triggered grave concerns about maritime security, with President Donald Trump suggesting the U.S. could stop providing protection to other ships. Six oil tankers […]

June 25, 2019

Most people think of an oil crisis as a major loss of oil supply from some political event which creates a shortage, leading to gasoline lines, a scramble for supplies, and soaring prices. Such has not really occurred since 1979, […]

June 21, 2019

Tensions are running high after Iran shot down an unarmed U.S. drone in the Strait of Hormuz between the Persian Gulf and the Gulf of Oman. The Strait of Hormuz is critically important to the world as one of the […]

June 19, 2019

Oil prices turned around on Wednesday after a surprise draw down in U.S. supply lifted sentiment in the market. U.S. crude inventories decreased by 3.1 million barrels last week, according to Energy Information Administration. Brent crude futures traded 22 cents […]

June 17, 2019

I have written about this topic before, but it deserves a review at this crucial point in time where the oil markets are concerned. Just half a year after they agreed to implement significant new cutbacks in their crude oil […]

June 13, 2019

Oil output from OPEC fell in May, hitting a five-year low as the group warned that U.S.-China trade tensions could lead to slower economic growth and weak fuel demand. Production from the 14-nation producer club fell by 236,000 barrels per […]

June 7, 2019

It was only a month ago that I began advising investors to ease up on certain energy stocks, following 20%-30% gains since the beginning of the year. But a brutal May and a weak start to June have sent oil […]

June 4, 2019

Amid rising tension between Washington and Tehran, markets must also add into the mix the loss of barrels from sanctions-hobbled Iran and crisis-hit Venezuela, now also targeted by US sanctions. Brent crude was up 33pc since the turn of the […]

May 31, 2019

The oil price has plummeted in recent days, with a spectacular drop of $3.51 on May 23. Well, not spectacular (see figure) but definitely notable, especially given an extremely bullish geopolitical situation. Venezuelan production appears likely to remain near zero […]

May 24, 2019

I’ve long been a believer that there’s always opportunity in the energy field, if you know where to look for it. With his recent commitment of $10 BN to help Occidental acquire Anadarko, Warren Buffett appears to be of the […]

May 23, 2019

The independent energy research and consultancy headquartered in Norway with offices across the globe forecasts that the service market will slow from 7% annual growth per year in 2019-2022 to only 3% from 2022 to 2025. Commenting on the numbers, […]

May 15, 2019

Obviously, there’s a lot more than just three, but let me hit on the triad of pillars. Producing at All-Time Records The U.S. shale revolution that started in 2008 has not just transformed our domestic energy outlook but also energy […]