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Tag: oil prices


Commercialization, Conventional Fuels

We may not see $100 oil ‘for a long time,’ says Chevron CEO

January 23, 2020

Via: CNBC energy

Chevron CEO Michael Wirth told CNBC on Thursday that oil prices may not reach $100 for a “long time” thanks to the boom in U.S. shale production. “Oil markets have really changed over the last decade or so,” Wirth said […]


Commercialization, Conventional Fuels

The China Trade Deal Might Not Have Much Effect On The U.S. Oil Industry

January 17, 2020

Via: Forbes

The phase 1 trade deal with China has been signed at the White House and includes the Chinese promise to ‘strive’ to import $50 billion worth of oil and natural gas from the U.S. this year and next. Although that […]


Chemical, Conventional Fuels

The Oil And Gas Situation: In The Midst Of A Major Global Boom

January 13, 2020

Via: Forbes

Forty years ago, the conventional wisdom about oil was that we were running out of it and needed to find ways to conserve. Twenty years ago, it was faddish for people in the oil business to talk about the then-assumed […]


Commercialization, Conventional Fuels

Oil Markets Prove Resilient In Aftermath Of Iran Attacks – For Now

January 10, 2020

Via: Forbes

Markets responded positively to President Donald Trump’s January 8 address in the wake of Iranian rocket attacks against Iraqi bases housing US troops, with traders interpreting his overtures for peace and cooperation with the Islamic Republic as a sign of […]


Commercialization, Conventional Fuels

Oil prices will climb above $100 a barrel if Iran blocks the Strait of Hormuz, analysts predict

January 8, 2020

Via: CNBC energy

Oil prices would skyrocket if Iran moved to completely cut off the Strait of Hormuz, energy analysts told CNBC on Wednesday. Elevated geopolitical tensions have sparked fears of a widening conflict in the Middle East, with energy market participants increasingly […]


Chemical, Conventional Fuels, News and Policies, U.S.

The Key Distinction Between U.S. Energy Independence And Energy Security

January 7, 2020

Via: Forbes

As crude prices react to escalating tensions between the United States and the Islamic Republic of Iran, now is an important time to understand the key distinction between energy “independence” and energy “security” as the terms apply to the U.S. […]


Commercialization, Conventional Fuels

Middle East Tension Will Bring More Oil Market Speculators And Yet More Barrels

January 6, 2020

Via: Forbes

In the small hours of Friday (January 2) morning, the global oil market got its first geopolitical jolt of 2020 after a U.S. airstrike in Iraq took out Qasem Soleimani, an Iranian General of the country’s Islamic Revolutionary Guard Corps, […]


Commercialization, Conventional Fuels, News and Policies, World

U.S.-Iranian Tensions Will Keep Oil Prices On The Boil

January 3, 2020

Via: Forbes

The U.S. killing of General Qassem Soleimani, head of Iran’s elite Quds force, will certainly see a response by the Iranian government and/or its Revolutionary Guards, and this will definitely keep oil prices higher, with Brent already approaching $70 and […]


Commercialization, Conventional Fuels

OPEC Faces Same Old Problem Of Oil Supply Glut From New Producers

December 30, 2019

Via: Forbes

Growth in U.S. oil production may have started to slow, but the Organization of the Petroleum Exporting Countries (OPEC) is sorely mistaken if it thinks it will soon be out of the supply-cut game. While U.S. shale has been overwhelmingly […]


Commercialization, Conventional Fuels

Oil Prices Face Double Whammy In 2020

December 30, 2019

Via: Forbes

Oil traders should look out below for the next 12 months. Next year, the energy market faces a double whammy of a supply glut and lackluster demand that could send prices for crude oil down more than 10% from current […]


Commercialization, Conventional Fuels

Oil turns negative ahead of US inventory data

December 27, 2019

Via: CNBC energy

Oil prices retreated from three-month highs on Friday, moving lower despite upbeat economic data from China and the United States and optimism over a trade deal between the two major economies. Brent crude futures shed 29 cents to trade at […]


Chemical, Conventional Fuels

7 Things To Expect From The Oil And Gas Industry In 2020

December 19, 2019

Via: Forbes

In keeping with what has become an annual tradition, we took out our handy crystal ball – manufactured from petroleum-based materials, of course – for a look at expectations for the year to come in 2020. What the crystal ball […]


Commercialization, Conventional Fuels

Saudi Aramco IPO Hits $2 Trillion Mark Amid Guarded Forecast

December 18, 2019

Via: Forbes

Saudi Aramco (SR:2222) has emerged as the most valuable publicly traded company in history. Since opening on the Saudi stock exchange December 11, the valuation of the national oil giant jumped to $2 trillion ($2.03 trillion to be exact) – […]


Commercialization, Conventional Fuels

Oil Markets Poised To Rise With U.S.-China Trade Deal

December 17, 2019

Via: Forbes

The price of the U.S. oil benchmark, WTI, hit nearly a 3-month high on Monday reaching $60.21 per barrel on news that China and the U.S. agreed to Phase One of a trade deal. For months, oil prices have hinged […]


Commercialization, Conventional Fuels

Saudi Arabia denies pushing OPEC allies to commit to a deeper round of production cuts, source says

December 5, 2019

Via: CNBC energy

OPEC kingpin Saudi Arabia has denied pursuing a deeper round of production cuts, one senior oil official told CNBC on Thursday, despite intense speculation the global oil-producing group was on the cusp of imposing further output curbs. The oil-rich kingdom […]