Oil Below $65 Per Barrel…For Years
Recognizing that something had to be done to halt the latest crash in oil prices, Saudi Arabia’s energy minister went public with his support not only for an extension of Continue Reading
Oil Holds Gains as U.S. Crude Stockpiles Seen Extending Decline
Nationwide supplies forecast to drop by 2 million barrels OPEC ministers said to have discussed deeper supply cuts Oil held gains before government data forecast to show U.S. crude stockpiles Continue Reading
Oil prices edge up in anticipation of extended crude output cut
A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. Oil prices edged up on Tuesday, driven by anticipation that Continue Reading
Paris climate deal stronger without U.S., experts say
Global climate experts tell a former U.N. news agency the Paris Climate deal might be better off without the United States given the president’s stance on the issue. Photo by Continue Reading
An Extension Is Not Enough – Why OPEC Needs To Cut More
Crude oil prices are slumping, and everyone is clamoring to know: how far can oil fall? Is this a buying opportunity, or is the selloff likely to worsen? Bloomberg recently Continue Reading
Production Cuts vs Innovation – Why OPEC Has Lost The Oil Price War
OPEC and its cartel of friends must be sweating condensates in advance of their May 25th meeting. The oil price war, triggered almost three years ago, is far from over. Continue Reading
Saudis fear Aramco flotation amounts to selling the cash cow
Saudis often liken Aramco, the kingdom’s state oil company, to a fat cow or productive hen. The company has for decades been the bedrock of the economy and the enabler Continue Reading
World’s Dirtiest Fuel Seen Holding Out Even as Ships Clean Up
IMO to cut marine fuel sulfur limit 86 percent in 2020 Meeting rules may cost shippers $60 billion a year: WoodMac Even as the owners of ships carrying everything from Continue Reading
Libya Adds to OPEC’s Burden as Output Reaches Highest Since 2014
Output at about 780,000 barrels a day on Sharara field boost Global producers signal extension in cuts amid oil price slump Libya is pumping the most oil since October 2014 Continue Reading
Saudi to cut June oil supply to Asia as local demand rises:
Saudi Aramco will reduce oil supplies to Asia by about 7 million barrels in June, a source said on Tuesday, as the oil giant cuts output as part of global Continue Reading