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Tag: oil prices


Commercialization, Conventional Fuels

Oil rises despite fears of a global economic downturn

August 12, 2019

Via: CNBC energy

Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as crude. International benchmark Brent crude futures were at $58.65 a barrel, up 10 cents […]


Commercialization, Conventional Fuels

Oil Markets Could See Volatility, Arbitrage As Shipping Fuel Shifts

August 9, 2019

Via: Forbes

A United Nations mandate on the shipping industry to remove up to 85% of the sulfur content from its fuel to cut 3% of global carbon dioxide emissions could throw the industry into massive disruption. Some analysts argue it could […]


Chemical, Conventional Fuels

Here’s What Is Really Happening In The Permian Basin

August 8, 2019

Via: Forbes

What we’re seeing is that [Permian Basin] wells drilled this year are continuing the trend of being better than they were the year before, across the whole Permian – the New Mexico Permian and the Texas Permian. Average per-well peak […]


Commercialization, Conventional Fuels

Oil Prices Undervalued Amid US-China Trade Fight

August 8, 2019

Via: Forbes

Oil prices have tumbled in the past month well into bear-market territory. The market-opening price for WTI on Thursday was slightly above $52 a barrel. The Brent international benchmark price was just above $57 a barrel. The oil sector is […]


Commercialization, Conventional Fuels

BP second-quarter profits beat expectations despite lower oil prices

July 30, 2019

Via: CNBC energy

Energy giant BP reported better-than-expected second-quarter net profits on Tuesday, saying it is “right on target” at the midpoint of its five-year plan. U.K.-based BP posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.8 […]


Commercialization, Conventional Fuels

With Iran Backed Into A Corner, Where Is The Risk Premium On Oil?

July 22, 2019

Via: Forbes

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 […]


News and Policies, World

Iran Claims It Seized Oil Tanker, And Oil Prices Surge. But Is It True?

July 18, 2019

Via: Forbes

Topline: Iran’s Revolutionary Guard said Thursday it seized a foreign oil tanker in the Persian Gulf, driving up oil prices and further escalating regional tensions, especially following two tanker attacks occurring off the country’s coast since May and a cessation […]


Commercialization, Conventional Fuels

Oil markets will see another glut in 2020, IEA predicts

July 12, 2019

Via: CNBC energy

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 […]


Commercialization, Conventional Fuels

Oil price ‘could easily be $75’ if trade truce boosts demand, expert says

July 2, 2019

Via: CNBC energy

The success, or failure, of trade talks between the U.S. and China will be a decisive factor in the oil price outlook this year, despite OPEC’s decision to extend production cuts, oil market expert Amrita Sen told CNBC on Tuesday. […]


Commercialization, Conventional Fuels

OPEC set to extend oil production curbs by nine months

July 1, 2019

Via: CNBC energy

OPEC and its allies looked all but certain to extend oil supply cuts by nine months, after several members of the Middle East-dominated producer group endorsed a policy designed to support oil prices amid a weakening global economy. Saudi Arabia’s […]


Chemical, Conventional Fuels

The Next Oil Crisis Could Find Us Very Unprepared

June 25, 2019

Via: Forbes

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, […]


Commercialization, Conventional Fuels

Oil markets are underestimating the impact of another flare-up in US-Iran tensions, analysts warn

June 24, 2019

Via: CNBC energy

Oil traders are under-prepared for another flare-up in U.S.-Iran tensions, energy analysts have told CNBC, as President Donald Trump’s administration prepares to impose “major ” new sanctions on the Islamic Republic. Six oil tankers and a U.S. spy drone have […]


Commercialization, Conventional Fuels

Oil prices erase losses on a bigger than expected inventory drop

June 19, 2019

Via: CNBC energy

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 […]


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 […]