Russia Makes A Move On Asian Oil Markets As OPEC Cuts
Oil prices have been struggling to rise beyond the low $50s per barrel. Not helped by news this week that Libya’s production has hit a 3-year high at 715,000 barrels Continue Reading
Antarctic Tipping Points for a Multi-Metre Sea Level Rise
The Amundsen Sea sector of the West Antarctic Ice Sheet has most likely been destabilized and ice retreat is unstoppable for the current conditions. No further acceleration in climate change Continue Reading
Oil prices rise on weakening dollar, but plentiful supplies cap gains
Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut Continue Reading
Oil Price Meltdown – Is Trump Setting The Oil Markets Up For Another Bust?
President Donald Trump signed several executive orders this week intended to juice the American energy sector, calling for expedited environmental reviews and the advancement of the Keystone XL and Dakota Continue Reading
Crude Holds Steady After Significant Gasoline Build
Today’s EIA report has left oil prices flat-footed, as crude inventories were in line with consensus, while a(nother) gargantuan build to gasoline stocks has not been enough to drag the Continue Reading
Oil prices pulled between bulls and bears
Crude oil prices moved from a bearish to a bullish sentiment on Wednesday as the market faces competing production trends between OPEC and North America. Crude oil prices have moved Continue Reading
Oil Supermajors’ Debt From the Crude Collapse May Have Peaked
Surging debt dogged the world’s largest oil companies during crude’s collapse. Now, sweeping cost cuts and rising prices have combined to lessen the need to borrow. Since prices began to Continue Reading
Libya’s oil sector may be opening to foreigners
Libya plans to start opening the doors to foreign investors that may be ready to step back into the country’s oil sector, a national oil company announced. Mustafa Sanalla, the Continue Reading
OPEC cuts will not impact Saudi oil supply to Japan: Saudi official
Crude supplies to Japan from its biggest supplier Saudi Arabia will not be impacted by last year’s agreement between OPEC and non-OPEC countries to cut output, a senior official of Continue Reading
Economic Recovery in Nigeria Hobbled by Oil, Currency Policy
Nigeria’s economy may struggle to rebound from its worst slump in 25 years unless President Muhammadu Buhari can end an armed conflict in the nation’s oil-producing region and fix a Continue Reading