Tag: oil producers

August 27, 2021

The suggestion this week by a well-placed UAE official that his country might soon set a “net zero” target for carbons emissions is a further sign of the rising pressure on governments around the world to do more to limit […]

June 26, 2020

Following last week’s release of the BP Statistical Review of World Energy 2020, I began to review and analyze the data. Today I take a deeper dive into the numbers on petroleum. Oil accounts for a third of the world’s […]

January 23, 2020

As the tiny nation of Guyana sends off its first tanker full of crude, the world welcomes a newcomer to the ranks of high volume oil producers. With fresh discoveries this month off small nearby countries, this small stretch of […]

February 27, 2019

Saudi Energy Minister Khalid al-Falih said OPEC is taking a measured approach to supply cuts, directly responding to comments from President Donald Trump earlier in the week telling the oil producing body to “relax.” “We are taking it easy,” he […]

February 5, 2019

During just six months crude oil prices ripped higher by about 20 percent, plunged more than 40 percent and snapped back 25 percent, an intense volatility that analysts warn could be the new normal in the oil market. December was […]

October 29, 2018

“Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy.” The media is full of stories predicting that the oil price will […]

September 21, 2018

Analysts don’t expect Saudi Arabia and its allies to make a major policy decision at this weekend’s meeting of oil- producing nations, but the Saudis face another challenge: appeasing President Donald Trump while keeping the kingdom’s vision for a grand […]

December 19, 2017

There is significant optimism about oil prices for next year, given the return of inventories to something approaching “normal” levels, and a high degree of compliance amongst oil producers who have agreed to cut production. Strong economic growth should see […]

October 12, 2017

This week some comments from OPEC Secretary General Mohammed Barkindo signaled that OPEC may not understand how the U.S. oil industry functions. Reuters reports that Barkindo urged cooperation from U.S. shale oil producers to help keep the global oil market […]

August 9, 2016

Second quarter earnings are now in for most U.S. oil and gas producers. Oil prices that increased by about $15/barrel (bbl) for most producers helped push free cash flow (FCF) back into the black during Q2 for many major oil […]