Oil prices above $50, buoyed by U.S. stock draw
Oil prices rose in early Asian trading on Wednesday, with U.S. crude joining Brent above $50 a barrel after data from the American Petroleum Institute (API) showed a larger than Continue Reading
Oil Prices Fall on Brexit Fears and Supply Glut
Oil prices fell on Tuesday, as investors weighed continued uncertainty ahead of U.K.’s referendum this week and focused on the persistent overhang of crude. Brent crude, the global oil benchmark, Continue Reading
Oil Halts Advance Near $49 a Barrel Before U.S. Stockpile Data
Oil halted its advance near $49 a barrel before weekly U.S. government stockpile and production data. Futures slid as much as 0.6 percent in New York, trimming a 6.8 percent Continue Reading
Oil prices fall for first time in three days
Oil prices fell in Asian trade after a strong two-day rally that was fed by easing concerns Britain would leave the European Union after a referendum this week, allowing market Continue Reading
Oil Markets Are Balanced But Bracing For Brexit
This week’s key data from the oil and gas industry shows that fears of a Brexit continue to weigh on oil, as the dollar strengthens due to market uncertainty. We Continue Reading
Renewables Revolution Reaching New Heights In 2016
Renewable Energy The global oil price slump has dominated the news for months, as exporting nations and energy companies worry about losses. Low prices are affecting both established exporters, such Continue Reading
Peak Oil Consumption Dead Ahead
I have no idea nor will I take any guess as to the price of oil going forward. There are too many variables to make an educated guess. If you Continue Reading
Why We Can Expect Cripplingly Higher Oil Prices In The Near Future
The break-even price for Permian basin tight oil plays is about $61 per barrel (Table 1). That puts Permian plays among the lowest cost significant supply sources in the world. Continue Reading
$1 Trillion In Spending Cuts Could Lead To An Oil Price Spike
Are today’s spending cuts setting the global oil market up for a supply crunch in a few years? An oil supply deficit may be hard to fathom given two years Continue Reading
Global oil demand shows no sign of peaking: Kemp
“Peak oil demand” has become a fashionable concept among climate campaigners but the evidence suggests oil consumption is growing at the fastest rate for a decade and shows no sign Continue Reading