Blackout California
The shutdown of the leaking Aliso Canyon underground gas storage facility has caused a loss of about 70bcf of stored gas that Southern California utilities have historically counted on to Continue Reading
Russia says to resume meetings with OPEC head after August 1
Meetings between Russia and the secretary general of OPEC will resume after Aug. 1 after Mohammed Barkindo, the new head of the global oil cartel, officially takes his post, a Continue Reading
Even in crisis, EU not a lead actor in world oil
The European Union’s crisis holds political and economic leaders transfixed, but for the oil market it merely underlines the region’s established role as only a secondary engine to global energy Continue Reading
Limits to Growth is on schedule. Collapse likely around 2020
Climate scientists and others have in the past few years issued a steady stream of analyses showing that without immediate remedial actions, a disastrous future is headed our way. But Continue Reading
Oil Trades Near $48 Following Biggest Quarterly Gain Since 2009
Oil traded near $48 a barrel in New York after posting its biggest quarterly gain since 2009. Close all those tabs. Open this email. Get Bloomberg’s daily newsletter. Politics The Continue Reading
Oil supply, demand should be in balance by 2017: U.S. Energy Sec
The global oil market should see supply and demand in balance by 2017 though it will remain structurally well-supplied for the next couple of years, U.S. Energy Secretary Ernest Moniz Continue Reading
Global oil overhang to choke price recovery well into 2018
For the Saudi energy minister wondering how long it will take the world to use up excess oil stocks and rebalance the market, one picture could help find an answer. Continue Reading
Oil prices rise on tight market outlook, expected fiscal stimulus
Oil prices rose early on Friday, with Brent jumping back above $50 per barrel, as investors positioned themselves for more price increases this year in expectation of a tighter market. Continue Reading
Is Raymond James’ $80 Oil Realistic?
Oil Rig Crude oil prices have stabilised near the $50 per barrel mark, leaving traders confused as to whether the next 20 percent move from the current levels is going Continue Reading
Oil Prices’ Rebound Leaves Investors Guessing What’s Next
Oil prices rebounded in the second quarter after a historic two-year rout, boosted by a weaker dollar and a number of supply outages from Canada to Nigeria. Now, investors face Continue Reading