Rosneft takes key step in push into Middle East
Russia’s Rosneft will this week take custody of its first independently sourced cargo of Kurdish crude oil from Turkey’s port of Ceyhan, a key step in its strategic push into Continue Reading
Oil Rises, Seeing Best Week Since Autumn
U.S. oil prices rose Friday, completing their biggest weekly gains in four months as traders and analysts say the market may have hit a turning point that puts oversupply into Continue Reading
U.S. natural gas prices rise to limit summer power burn:
The U.S. gas market is looking a little tight despite another record warm winter that limited heating demand. Growing structural consumption from electric power producers as well as increasing exports Continue Reading
Oil retreats, set to become worst-performing asset in first quarter
Oil prices fell on Friday after a three-day rally ran out of steam, promising to notch up the oil market’s worst-performing quarter since 2015 as investors fret that growing U.S. Continue Reading
Oil’s Central Bank To The Rescue!
WTI rallied back into $50 territory this week with help from positive OPEC speak regarding an output cut renewal, production outages in Libya, Iraq and Canada and compliance levels on Continue Reading
Venezuela’s Descent Into Dictatorship
A ruling this week by Venezuela’s Supreme Court stripping the nation’s legislative branch of all authority — and vesting that power in the court itself — moves a country already Continue Reading
Venezuela court move may facilitate Russian investment, spook other oil majors
The sight of Venezuela’s National Assembly president tearing up a Supreme Court ruling and warning foreign firms against making deals with the leftist government will no doubt resonate in international Continue Reading
Cash-strapped Venezuela negotiating Russian help to pay PDVSA bonds: sources
Venezuela is negotiating financial help from Russian oil major Rosneft to complete nearly $3 billion in PDVSA debt payments coming due to bondholders next month, two market sources and a Continue Reading
Nicolás Maduro’s power grab incites violent scuffles in Caracas
Latin American dictators once sent in tanks and soldiers. This week, Venezuela’s socialist president Nicolás Maduro dispatched judges. The motivation, in part, is money. The result, however, is the same: Continue Reading
Guyana emerging as a new oil frontier
A discovery ff oil by Exxon Mobil off the coast of Guyana suggests the country is emerging as the sector’s next major hot spot, a regional player said. Exxon announced Continue Reading