What if it IS Different for Oil This Time?
It’s time we prepare ourselves. It may actually be different for oil this time… Yeah, I know. It’s an article of faith for investors. Anytime you hear someone say, “It’s Continue Reading
Is There Such a Thing as a “Net Energy Cliff?”
New research outlines how energy resource depletion and declining energy return on investment (EROI) may affect prosperity. Modern, prosperous lifestyles are heavily dependent on the availability of abundant, low-cost energy 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 energy minister says oil output cuts likely to be extended
Saudi Arabia’s energy minister Khalid Al-Falih said on Monday that oil markets were rebalancing after years of oversupply, but that he still expected an OPEC-led deal to cut output during Continue Reading
Opec and Russia poised to roll over oil output cuts
Opec and Russia are on course to extend their oil output cuts in an attempt to draw down supplies and bolster the price, with Saudi Arabia saying the cartel is Continue Reading
Saudi Arabia and Russia Signal Oil-Cuts Extension Into 2018
Prolonging cuts will speed up rebalancing of market: Novak Saudi Minister Al-Falih confident of agreement to extend Saudi Arabia and Russia signaled they could extend production cuts into 2018, doubling Continue Reading
Iran sees oil production growing through multilateral agreements
Iran could see its standing among OPEC members and on the global stage stabilize with global production agreements, a national oil company director said. Iran on Monday started Day 2 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
Iraq exports steady in April
Iraq’s April oil export levels were virtually unchanged compared to March, providing another indicator that the Oil Ministry is not planning further production cuts as several oil producing countries attempt Continue Reading
Venezuela Braces for Double Whammy If U.S. Imposes Oil Sanctions
U.S. raises prospect of sanctions after Maduro’s move Loss of major trade route would raise prices for both Venezuela would be hit from two directions if the U.S. were ever Continue Reading