Have Natural Gas Prices Hit A Bottom?
Natural gas prices are falling, and the speculators have cut their U.S. natural gas net long positions for the fourth straight week. Does this indicate further weakness, or is this Continue Reading
Rampaging Oil Bears Are Missing Half the Picture
It’s official—oil is in a bear market following Tuesday’s 2% fall, taking prices 21% below late-winter highs. The Organization of the Petroleum Exporting Countries’ high hopes for crude have been Continue Reading
OPEC, non-OPEC compliance with oil cuts hits highest in May – source
OPEC and non-OPEC oil producers’ compliance with a deal to cut global output has reached its highest in May since they agreed on the curbs last year, reaching 106 percent Continue Reading
Libya reviews oil production stimulus with Norway’s Statoil
After resolving issues with German energy company Wintershall, Libya’s state oil company said it reviewed raising production during talks with Norway’s Statoil. The Libyan National Oil Co. signed an agreement Continue Reading
Total Pledges $1 Billion Investment in Iran Gas Field
France’s Total SA said Tuesday it would push forward with a $1 billion investment this summer in a giant Iranian gas field, the first commitment by a Western company to Continue Reading
Saudis Overtake U.S. In Recoverable Oil Resources
Saudi Arabia has regained its top position ahead of the U.S. and Russia as the holder of the world’s biggest recoverable oil resources, as reduced tax rates for state giant Continue Reading
In Hawija, IS poses ongoing threat to oil assets
The self-proclaimed Islamic State’s (IS) longstanding hold over Hawija, west of Kirkuk, is posing an ongoing security threat to the Bai Hassan oil field. IS militants in Hawija have been Continue Reading
Saudi Arabia’s Mohammed bin Salman appointed Crown Prince: SPA
Saudi Crown Prince Mohammed bin Nayef has been relieved of his post and replaced by Deputy Crown Prince Mohammed bin Salman, a royal decree published by state news agency SPA Continue Reading
Saudi King Salman Ousts Nephew as Crown Prince, Installs Son
Saudi Arabia’s King Salman named his son as the country’s new crown prince, the country’s state news agency said Wednesday, a move that carries far-reaching implications for the monarchy and Continue Reading
Why Is Saudi Arabia Desperate For Higher Oil Prices?
As OPEC’s most significant member and one of the largest crude oil producers in the world, Saudi Arabia typically exerts considerable power over global energy market trends. Yet for the Continue Reading