The Peak Oil Paradox – Revisited
Back in the mid-noughties the peak oil meme gained significant traction in part due to The Oil Drum blog where I played a prominent role. Sharply rising oil price, OPEC Continue Reading
Brent Crude Fails to Extend Gain as Turkey Oil Flows Continue
Tanker traffic and pipeline flows are normal: Energy Ministry Thousands of army officers, judges snared in wave of arrests Brent crude held below the highs reached following a failed coup Continue Reading
Oil Producers Prepare for Second-Half Slump as Rally Sputters
Drillers have increased bets on falling prices by 29 percent Prices have fallen 10 percent since reaching 2016 high in June Oil producers aren’t betting on the rally. After surviving Continue Reading
Why Oil Prices Might Never Recover
Two years into the global oil-price collapse, it seems unlikely that prices will return to sustained levels above $70 per barrel any time soon or perhaps, ever. That is because Continue Reading
Saudi Arabia Plans Shipbuilding Complex to Support Oil Exports
Saudi Arabia will build a maritime complex on its east coast, with shipbuilding capability, to provide sufficient capacity for exporting oil, Energy Minister Khalid Al-Falih said Sunday. The country, the Continue Reading
China Oil, Coal Buying Seen Sustained as Local Supplies Drop
Falling oil output, higher refining may support crude imports Coal imports may continue to rise to fill gap in supply China’s appetite for foreign energy is as strong as ever. Continue Reading
How Will China Impact Oil Prices In The Coming Months?
Chinese Oil Rig Conflicting data out of China is causing the oil markets to seesaw a bit, amid confusion over whether or not the world’s second largest economy will help Continue Reading
Big Oil Begins To Worry About Trump’s Wall
Donald Trump’s idea to build a wall along the southern border of the U.S. has been called everything from controversial to harebrained, but—to the likely dismay of some of the Continue Reading
ExxonMobil bids $2.2 billion for InterOil, may spark bidding war
The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015. ExxonMobil Corp has made Continue Reading
Independent US oil producers seek ban on crude imports
Months after the US energy industry triumphed in overturning an oil export ban, a group of independent producers wants to take policy one step further and curtail crude imports. The Continue Reading