Tag: oil

December 7, 2018

Stock markets have been gripped with fear this week over a deteriorating economic growth outlook and questions regarding the U.S.-China trade truce. While investors have typically pointed to the yields on different U.S. government bonds for warning signs on growth, […]

December 6, 2018

Monday’s announcement by Qatar that it is leaving OPEC does not spell the end of that organization, or really do it much harm. But, coming as it does on the heels of the recent 30% drop in global crude prices, […]

December 6, 2018

Iran is refusing to cut its oil production at the latest OPEC meeting, saying it is a “red line” for the Islamic Republic. “It’s a red line for Iran to reduce its production, to contribute to a new cut in […]

December 5, 2018

Ministers from the Organization of Petroleum Exporting Countries (OPEC) and non-OPEC partners like Russia descend on Vienna this week with the idea of taming an oil market whipsawed by extreme volatility. But any notion that the cartel can successfully “manage” […]

December 3, 2018

The future of OPEC is on shaky ground, an analyst told CNBC on Monday, after Qatar abruptly announced it would sever ties with the influential oil cartel after almost six decades. Qatar’s Energy Minister Saad al-Kaabi said at a news […]

November 30, 2018

The energy alliance between OPEC kingpin Saudi Arabia and non-OPEC heavyweight Russia faces its “toughest test yet” next week, analysts have told CNBC, ahead of a much-anticipated meeting between the influential oil cartel and its allies. OPEC and non-OPEC members […]

November 30, 2018

As part of its drive to improve operational efficiency the oil and gas sector has been looking at standardization as a vital tool. There has been good progress in several areas, but one key segment of the industry is lagging, […]

November 28, 2018

How low does President Donald Trump want oil prices to go? It’s become a crucial question for global oil markets and the U.S. oil industry after the president cheered the recent plunge to $50 a barrel, the lowest level since […]

November 21, 2018

Oil bounced above $63 a barrel on Wednesday to claw back some of the previous day’s 6 percent plunge, lifted by a report of an unexpected decline in U.S. crude inventories. The American Petroleum Institute (API) said on Tuesday that […]

November 19, 2018

For those who think – or hope — we’re nearing the end of the age of oil, look no further than today’s media preoccupation with whether or not Saudi Arabia might cut production to manipulate price upwards. The enduring issue, […]

November 16, 2018

How quickly things can change in oil markets. A month ago the industry was fixated on Iran sanctions, possible supply shortages and a lack of global spare production capacity — issues that drove benchmark Brent oil prices over $86 a […]

November 13, 2018

When Donald Trump ran for the presidency on the slogan of “America First,” he either failed to consider or failed to convey the global realities in which we live: free trade is integral to global commerce, especially for U.S. oil […]

November 12, 2018

For 2nd month in row, and ahead of Trump-Xi meeting this month, US oil exports to China at zero following $1B record. For the second month in a row and just three months after topping $1 billion and setting a […]

November 9, 2018

So, U.S. sanctions on Iran were fully implemented on Monday, fully but not completely, rather as Miracle Max in “The Princess Bride” says “mostly dead is a little alive.” Waivers were granted to eight major customers of Iran that will […]

November 9, 2018

In a fungible global energy market, China does not “need” the United States, nor does the United States necessarily “need” China. America’s oil and natural gas producers can find willing buyers elsewhere and China has no shortage of options when […]