A report commissioned on behalf of a cross-party group of British MPs authored by a former UK government advisor, the first of its kind, says that industrial civilisation is currently Continue Reading
Crude oil charged to its highest level since early November on Thursday, before pulling back slightly, as traders looked past the current glut to signs of a stronger market in Continue Reading
Crude prices fell early on Thursday as concerns over a global glut took center stage after Russia and Iran said they were ready to raise oil production further, while inventories Continue Reading
Oil prices surged to a five-month high Wednesday after an unexpected and sharp decrease in U.S. distillate stockpiles convinced traders to shrug off a rising crude surplus and the end Continue Reading
Global refining margins have improved significantly in recent weeks which should support strong demand for crude and lend some strength to both spot prices and spreads in the short term. Continue Reading
The “new normal” for U.S. oil prices could be as much as double the current $40 per barrel, but don’t expect $65 to $80 crude until around 2018, long-time industry Continue Reading
Oil companies seeking cash have found a well that keeps producing: the stock market. Callon Petroleum Co. CPE 12.11 % , a small oil producer, has sold new shares three Continue Reading
International Energy Agency’s (IEA) Executive Director Fatih Birol speaks at a news conference on the sidelines of G20 Energy Ministers Meeting in Istanbul, Turkey, October 2, 2015. International Energy Agency Continue Reading
OPEC Secretary-General Abdullah El-Badri attends a news conference after the EU-OPEC Energy Dialog in Vienna June 27, 2011. The oil market will begin rebalancing by the third quarter of this Continue Reading
All charts are updated through March 2016 The latest OPEC Monthly Oil Market Report is out out. The charts are “Crude Only” production and do not reflect condensate production. Also Continue Reading
