Rest of world includes associated companies’ reserves with unspecified geographies. Annual reports of 67 publicly traded oil companies indicated that their aggregate proved liquids reserves declined in 2016 for the Continue Reading
Most biofuels news is bad—our current national program incentivizes the production and consumption of corn-based ethanol that somehow manages to increase food prices, increase gas prices, hurt American refineries, and Continue Reading
Oil prices edged up Thursday but remained in bear-market territory on lingering concerns about a global supply glut. Light, sweet crude for August delivery settled up 21 cents, or 0.5%, Continue Reading
When OPEC leader Saudi Arabia pledged in May to do “whatever it takes” to defend world oil prices, it didn’t expect the market to be testing its resolve just one Continue Reading
Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts would be able to rein in a three-year glut continued to Continue Reading
Oil traders have become increasingly doubtful that OPEC will manage to cut crude stocks down to the five-year average in 2018 and keep them there. Calendar spreads for Brent futures Continue Reading
Focus on weekly EIA report highlights oversupply concerns Losses on WTI average 3.2% over the past four Wednesdays Every Wednesday, WTI gets whacked. With investors focused on the question of Continue Reading
Deeper cuts weren’t seriously discussed this week: delegates Resurgent Libyan, Nigerian production presents new challenge Oil’s back in a bear market and investors remain unmoved by last month’s agreement to Continue Reading
A multilateral effort to ease global oil supply-side strains on the market hasn’t worked as designed, a Kuwaiti official said Thursday. Photo by Oskari Porkka/Shutterstock June 22 (UPI) — The Continue Reading
The elevation of Mohammed bin Salman as Crown Prince of Saudi Arabia has ended two years of speculation about a behind-the-scenes rivalry near the pinnacle of royal power, but he Continue Reading
