Another setback for Transocean
Rig company Transocean said it was delaying the delivery of two ultra-deepwater drillships to 2020 in an agreement with a shipyard company in Singapore. Transocean said it reached an agreement Continue Reading
Russia Energy Minister Unsure OPEC Will Agree to Freeze Oil Output
Russian Energy Minister Alexander Novak told news agencies Wednesday that he wasn’t sure oil-producing countries would be able to reach a deal to freeze production, but that the need to Continue Reading
Low-carbon transport could curb oil prices by 24% in 2040:
Low-carbon polices needed to push electric cars New policies to promote low-carbon transport such as electric vehicles would curb future oil price rises and could lower global demand for crude Continue Reading
Russia pips Saudis again as top China crude supplier in March
Russia beat Saudi Arabia as China’s top crude oil supplier in March, a follow-on to taking the No.1 spot in four months of 2015, customs data showed on Thursday, due Continue Reading
How Earth itself has dramatically upped the stakes for the Paris climate accord
From crippling droughts to rising seas, scientists warn of global warming impacts. Representatives from more than 150 countries will gather at the United Nations on Friday to officially sign a Continue Reading
Oil Back On Track As Markets Dismiss Doha
first we’ll take a quick look at some of the critical figures and data in the energy markets this week. (Click to enlarge) (Click to enlarge) Chart of the Week Continue Reading
Oil Prices Regain Ground After Failed Doha Production-Freeze Talks
Oil prices are up Tuesday as the markets continue to grapple with the fallout of the Doha production-talks fiasco. At 0800 GMT, Global benchmark Brent was up 1.42% at $43.52 Continue Reading
What Oil Glut? Outages Put Supply, Demand Close to Balance
Oil-producing governments across the world are scrambling to address petroleum outages that have taken nearly 2 million barrels a day off the market and sent crude prices rallying. The outages Continue Reading
Natural Gas Futures Prices Jump on Falling Production, Temperatures
Natural gas futures prices jumped by their highest margin in more than three months on Tuesday, amid hope that booming U.S. gas production is slowing and as forecasts for cooling Continue Reading
What Is the ‘Magic Number’ for the Price of Oil?
There are some signs that the influence of oil on other assets may be fading…. Here’s a number to focus on: $50. That’s per barrel, the price of Brent crude Continue Reading