Offshore UK Jobs Will Fall By 120,000 This Year
Jobs supported by the UK’s offshore oil and gas industry will have fallen by an estimated 120,000 by the end of 2016, since their peak in 2014, according to employment Continue Reading
Oil Prices Dip Below $50 as Dollar Rises
U. S. oil futures prices dipped below $50 a barrel on Friday, dragged down by an appreciating U.S. dollar and negative sentiment across financial markets, but analysts expect the recent Continue Reading
Oil falls on stronger dollar; high refinery demand lends support
Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support. International Continue Reading
Natural Gas Jumps as Stockpile Growth Falls Short
Natural-gas futures surged to a nearly nine-month high Thursday after weekly data showed stockpiles rose less than expected, stoking expectations that U.S. supplies could be falling at a time of Continue Reading
IEA Sees Tighter Markets Next Decade
The International Energy Agency (IEA) sees the present length in the global gas market – as evidenced by spot prices lower than oil-indexed prices would be – continuing, with “heavy Continue Reading
Oil demand boosted as global refinery capacity to reach record
Oil demand is set to surge in the short-term as refining capacity hits a record, yet the gains may not hold as a flood of fuel gluts the market, eroding Continue Reading
How Far Can Oil Rally? Options Investors Bet on Surge Above $100
Oil investors are buying contracts that will only pay out if crude rises well above $100 a barrel over the next four years — a clear sign some believe today’s Continue Reading
Peak oil is so yesterday; now it’s all about peak auto
Remember peak oil theory? It was all the rage just a few years ago. Serious books were devoted to the idea that the world was running out of crude. Deep Continue Reading
Unplanned global oil supply disruptions reach highest level since at least 2011
Unplanned global oil supply disruptions averaged more than 3.6 million barrels per day (b/d) in May 2016, the highest monthly level recorded since EIA started tracking global disruptions in January Continue Reading
Appetite for destruction? Energy investors swap debt for equity
Cash-strapped U.S. oil and gas companies, including No. 2 natural gas producer Chesapeake Energy Corp, are expected to cut their debt piles this year as a long-awaited rise in the Continue Reading