Global sea ice is at lowest level ever recorded
t’s a new low point. The area of the world’s oceans covered by floating sea ice is the smallest recorded since satellite monitoring began in the 1970s. That means it Continue Reading
Peak Oil is Baaaack
A great report published last year by HSBC called: Global oil supply – Will mature field declines drive the next supply crunch https://drive.google.com/file/d/0B9wSgViWVAfzUEgzMlBfR3UxNDg/view They make a good many points frequently Continue Reading
Crude Prices Boosted by Saudi Oil Minister Comments
Oil prices rose Tuesday after positive remarks on the supply and demand balance from the Saudi Arabian energy minister on Monday. The March contract for global crude benchmark Brent gained Continue Reading
Brent Oil Trades Above $56 as Saudis See Market Balanced by June
Brent oil traded above $56 a barrel after Saudi Arabia said output cuts from OPEC and other producers will balance the market by June. Futures added 0.8 percent in London Continue Reading
Dana Gas CEO Says 1 Billion Barrels of Oil in Way of Ending Glut
Dana Gas CEO: ‘Latent Capacity’ in Global Oil Supply Almost 1 billion barrels of oil held in inventories must be used up before global supply and demand are closer to Continue Reading
The Rebound Is Here: Megaprojects Back On The Table
Hey 2017 – get you. Straight out of the box and it’s delivered some prestantious news, in the form of a Wood Mackenzie report. We don’t know how you feel, Continue Reading
Saudis, Kuwait, Algeria Cut More Than Pledged To OPEC
Saudi Arabia, Kuwait and Algeria may have cut their respective production below the levels they had promised in the OPEC deal, because all three are eager to show not only Continue Reading
OPEC questions take wind out of oil rally’s sails
Doubts about whether all parties to an OPEC-led agreement to cut production will do enough to balance markets pushed oil prices lower early Friday. Saudi Arabia, the de facto leader Continue Reading
Exclusive – Global ship insurers to resume near full coverage for Iran oil: officials
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, Continue Reading
OPEC Production Cuts: Here’s The Cheat Sheet
OPEC will present its Monthly Oil Market Report on the 18th of January, at a time when OPEC and non-OPEC members are making their first production cuts in line with Continue Reading