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Tag: oil prices


Commercialization, Conventional Fuels

Merger Shows Hope For Battered Oil Services Sector

September 4, 2020

Via: Forbes

Who says it’s all doom and gloom in the oilfield services sector? Sure, U.S. drilling and fracking activity remain near all-time lows, and the sector is drowning in red ink after a brutal second quarter, but as Baron Rothschild once […]


Commercialization, Conventional Fuels

Visualizing US Oil & Gas Production (Through May 2020)

September 2, 2020

Via: Energy Collective

This article contains still images from the interactive dashboards available in the original blog post. To follow the instructions in this article, please use the interactive dashboards. Furthermore, they allow you to uncover other insights as well. These interactive presentations […]


Energy Economics

What Should Oil Companies Do With Their Cash?

August 18, 2020

Via: Forbes

After the oil industry’s worst quarter in history, companies are taking a variety of approaches towards their finances, and getting a variety of advice and criticism from the pundits and media. Saudi Aramco’s decision to maintain its dividend has been […]


Commercialization, Conventional Fuels

The coronavirus pandemic is debunking some long-held myths of the energy industry

August 12, 2020

Via: CNBC energy

The coronavirus pandemic has exposed some hard truths to the world’s largest oil and gas majors, energy analysts have told CNBC, with many reeling after historic second-quarter losses laid bare the financial frailty of the industry. “Big Oil” companies, referring […]


Commercialization, Conventional Fuels

Oil giants want to own only the cheapest, cleanest hydrocarbons

August 4, 2020

Via: Energy Collective

BP’s eagerness to sell its Alaskan business reflects a broader shift. According to The Economist, the oil industry faces a basic problem. If the price of Brent crude, the global benchmark, surpassed $100 a barrel, about 90% of the world’s […]


Commercialization, Conventional Fuels

Oil rises after surprise drop in U.S. inventories offsets demand concerns

July 29, 2020

Via: CNBC energy

Oil prices rose on Wednesday after an industry report showed that crude inventories in the United States fell against expectations, giving the market a boost amid record increases of coronavirus infections in the U.S. and elsewhere. Brent crude futures were […]


Commercialization, Conventional Fuels

Oil prices just had their best quarter in 30 years — what’s next?

July 1, 2020

Via: CNBC energy

Oil prices registered their best quarterly performance in 30 years during the three months through to the end of June, staging a dramatic comeback after falling to record lows in April. Brent crude futures skyrocketed more than 80% in the […]


Chemical, Conventional Fuels

How Russian And Saudi Oil Ties To China Complicate The Post-Pandemic World

June 24, 2020

Via: Forbes

Russia and Saudi Arabia both rely on oil sales to fund a majority of their budgets. In the last five plus years, China has become the biggest customer for both countries. In fact, China is the world’s largest importer of […]


Commercialization, Conventional Fuels

Oil Rally Held Back By High Inventories, Coronavirus Fears

June 23, 2020

Via: Forbes

U.S. benchmark West Texas Intermediate (WTI) is over $40 a barrel, a price level it has struggled to surpass in the past. The uptick is the result of investor enthusiasm over the fact that global oil supply is still under […]


Chemical, Conventional Fuels

World Oil Reserves Suddenly Downgraded By 292 Barrels! Yawn.

June 19, 2020

Via: Forbes

This week, Rystad Energy announced the eye-popping finding that the world’s estimate of oil supplies had suddenly shrunk by 292 billion barrels. Needless to say, the announcement caused eyes to pop, as did the headline’s statement heralding the early onset […]


Commercialization, Conventional Fuels

Is Another Oil Price Spike Likely?

June 12, 2020

Via: Forbes

The crash in oil prices and collapse in drilling (especially in the U.S. shale sector) has caused many observers to warn that insufficient investment will lead to another supply shortfall and price spike. This is certainly possible but fears that […]


Commercialization, Conventional Fuels

Goldman Sachs says an oil price correction as deep as 20% ‘may already be underway’

June 9, 2020

Via: CNBC energy

Goldman Sachs sees a correction in oil prices on the horizon even amid a significant recovery in the last month and the recent decision by OPEC and its allies to extend historically large production cuts through July. “With oil now […]


Commercialization, Conventional Fuels

Oil rally and Saudi price spikes could hurt refiners, stifling market recovery

June 8, 2020

Via: CNBC energy

Oil prices pared gains on Monday, despite the weekend announcement by OPEC and its allies, known as OPEC+, that historic production cuts of 9.6 million barrels per day across the group would continue through July as the coronavirus pandemic continues […]


Chemical, Conventional Fuels, News and Policies, World

Saudi Arabia and Russia push for an extension to output cuts, with OPEC+ meeting this week still possible

June 4, 2020

Via: CNBC energy

Some of the world’s most powerful oil producers had been expected to convene on Thursday, with energy market participants closely monitoring whether the influential group will officially agree to extend their deepest ever round of output cuts. OPEC kingpin Saudi […]


Commercialization, Conventional Fuels

The Oil Price Collapse Is Already Over

June 3, 2020

Via: Forbes

Well, that was brief. The collapse in the global oil price at the start of the Coronavirus crisis got many headlines, but its rapid increase as the recovery phase begins has not attracted so much attention. Data revealed yesterday shows […]