Gazprom reviewing Nord Stream 2 options
Amid antitrust concerns from Poland, a new financing model for the expansion of a gas pipeline to Europe could emerge by year’s end, Russia’s Gazprom said. Russian natural gas company Continue Reading
Why Arctic Oil Is Crucial For Russia’s Future
The Arctic – a cold wasteland that has shattered the expansion dreams of many an oil company by proving to be too difficult and too expensive to tackle. And, of Continue Reading
Russia’s Gazprom cuts pressure in pipeline taking gas to EU: Naftogaz Ukrayiny
Ukraine’s national energy company, said Russian company Gazprom has reduced the pressure in pipelines carrying its natural gas to markets in Europe for the second time in a month. “Naftogaz Continue Reading
Norway Oil Companies Cut Investment Plans Further Amid Slump
Oil and gas companies operating in Norway, western Europe’s biggest producer, cut investment forecasts further for this year and next as they continue to weather a two-year long collapse in Continue Reading
Oil Extends Biggest Loss in Three Weeks Before U.S. Supply Data
Crude inventories probably shrank by 1 million barrels: survey Any OPEC freeze deal may prove ‘self-defeating’: Goldman Sachs Oil extended its biggest loss in three weeks before the release of Continue Reading
‘Epic’ Oil Rally Reverses On Diminishing Supply Outages
The recent oil rally is finally hitting the brakes, with prices retracing today on supply developments relating to Iraq and Nigeria, while vehement short-covering has brought financial positioning back from Continue Reading
Crude Oil Prices Fall on Dollar, Supply Expectations
Oil prices slipped Monday on a stronger dollar and expectations of increased production. U.S. crude for September delivery recently fell $1.33, or 2.7%, to $47.19 a barrel on the New Continue Reading
Oil prices fall as analysts say August price rally has been overblown
Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as Continue Reading
Goldman Sees Possible OPEC Output Freeze as Self-Defeating
Deal would show cooperation from new Saudi energy minister Production cap may support prices, producer supply gains OPEC and some producers from outside the group may agree to freeze output Continue Reading
OPEC Just Triggered The Biggest Crude Oil Short Squeeze In History
Ever since the February crash, when oil tumbled to 13 years lows, and when OPEC started releasing tactical headlines at key inflection points about an imminent oil production freeze (which Continue Reading