Tag: oil

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 […]

May 14, 2019

Now that the battle to acquire Anadarko Petroleum APC +0% has ended, a host of other key industry news items are percolating up to the top of the page. Let’s review the always-fluid Oil And Gas Situation for mid-May, 2019. […]

May 10, 2019

Oil market watchers hoping to discern why Opec has cancelled its customary April meeting might take a clue from the poker expression of playing cards close to one’s chest. While potential strains over the Opec+ production agreement and uncertainty over […]

May 7, 2019

Biodiesel producer Renewable Energy Group (REG) has entered a partnership with Broco Oil Company to provide clean fuel options to heating oil dealers in the northeast of the US. Under the partnership, the two companies will collaborate on a biodiesel […]

May 2, 2019

Venezuela’s political and humanitarian crisis remains fluid with President Nicolas Maduro clinging to power amid protests led by opposition leader Juan Guaido. Street protests are expected to continue Thursday with Guaido telling thousands of supporters yesterday that “there’s no turning […]

May 1, 2019

First quarter earnings are starting to roll in, giving us a handle on the health of the oil and gas industry. Today, I will review earnings from several different segments of the energy sector. Chevron For the first quarter, Chevron […]

April 29, 2019

Oil companies face an existential threat unless they adopt business models that support the Agreement’s targets on climate change, according to investors with $10 trillion of assets under management. Yet many of those same investors are failing to practice what […]

April 26, 2019

President Donald Trump on Friday said he “called up” OPEC and told the producer group to take action to bring down fuel costs, making a dubious claim that gasoline prices are already falling. Crude futures extended earlier losses following Trump’s […]

April 26, 2019

Mexico is the United States’ top trade partner. At least for the moment. This, to my knowledge, is a first. Mexico traditionally ranks third among U.S. trade partners, behind China and Canada. This realignment shines a slightly brighter light on […]

April 24, 2019

BlackRock’s billionaire chief executive isn’t too worried about the oil price despite a recent spike brought on by Iran sanctions news. Citing robust crude inventories beyond hotspots like Venezuela and Iran, where civil conflict and U.S. sanctions have taken millions […]

April 23, 2019

China and India are both unlikely to completely cut off Iranian crude imports, energy analysts have said, despite the imminent threat of U.S. sanctions. President Donald Trump’s administration announced Monday that buyers of Iranian oil must stop purchases by May […]

April 19, 2019

With prompt month settling below $2.50 per MMBtu yesterday, U.S. natural gas prices have tanked to their lowest levels since June 2016. For April thus far, natural gas prices have declined 8-10%, sliced in half since their mid-November highs Importantly, […]

April 10, 2019

Gasoline prices have really spiked these last few weeks and will keep on rising because the United States does not have sufficient refinery capacity to make the gasoline and diesel we need. And the refineries we have are old and […]