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Tag: oil prices


Commercialization, Conventional Fuels

A Failure Of OPEC+ Could Turn The U.S. Oil Boom Into Another Bust

June 17, 2019

Via: Forbes

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 […]


Chemical, Conventional Fuels, Energy Consumption, World

OPEC’s oil output falls to 5-year low in May as group warns of weaker demand

June 13, 2019

Via: CNBC energy

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 […]


Commercialization, Conventional Fuels, Energy Consumption, World

Why Oil Prices Have Crashed – And What Investors Should Do Now

June 7, 2019

Via: Forbes

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 […]


Commercialization, Conventional Fuels

Oil price puzzle as sanctions choke Iran exports

June 4, 2019

Via: Petroleum Economist

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 […]


Commercialization, Conventional Fuels

The Oil Market Looks Oversold

May 31, 2019

Via: Forbes

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 […]


Commercialization, Conventional Fuels

Buffett’s Betting on Oil, and He’s Rarely Wrong

May 24, 2019

Via: Forbes

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 […]


Commercialization, Conventional Fuels

Offshore field sanctioning nears peak

May 23, 2019

Via: Energy Global

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, […]


Commercialization, Conventional Fuels

The Oil And Gas Situation: International Tensions Rise As U.S. Shale Costs Fall

May 14, 2019

Via: Forbes

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. […]


Commercialization, Conventional Fuels

Opec: kicking back against transparency?

May 10, 2019

Via: Petroleum Economist

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 […]


Chemical, Conventional Fuels

Renewable Energy Group, Broco Oil enter biodiesel partnership

May 7, 2019

Via: Energy Collective

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 […]


Commercialization, Conventional Fuels

Oil markets face three possible scenarios in Venezuela

May 2, 2019

Via: CNBC energy

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 […]


Commercialization, Conventional Fuels

First Quarter Energy Sector Earnings: Chevron, ExxonMobil, Kinder Morgan, Valero and ConocoPhillips

May 1, 2019

Via: Forbes

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 […]


Commercialization, Conventional Fuels

Trump says he called OPEC and told producer group to bring oil prices down

April 26, 2019

Via: CNBC energy

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 […]


News and Policies, U.S.

Mexico Is Now Top U.S. Trade Partner, Ahead of China, Canada

April 26, 2019

Via: Forbes

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 […]


Commercialization, Conventional Fuels

Larry Fink isn’t concerned about Iran sanctions’ impact on the price of oil

April 24, 2019

Via: CNBC energy

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 […]