May traded volumes of Atlantic market thermal coal derivatives fell 55.3% year on year to 129.55 million mt, which was up 19.9% from April’s record low, according to data from Continue Reading
France’s Total SA, one of the world’s largest oil companies, sent its top executives to Silicon Valley last summer, where they met with tech investors and futurists. At Tesla Inc.’s Continue Reading
Crude prices rose for a second consecutive session Monday amid a supply disruption in Nigeria and as major producers said their deal to cut output is working. U.S. crude futures Continue Reading
Crude oil markets looked to future support with bargain hunters looking to wade back in Monday after last week’s loss of the $50 per barrel floor. Crude oil prices lost Continue Reading
The latest selloff in oil prices have left speculators in a predicament: The fundamentals continue to look poor with unimpressive drawdowns in crude oil stocks, but there is a general Continue Reading
Oil prices rose on Monday as futures traders bet the market may have bottomed after recent falls, even as physical markets remain bloated, especially from a relentless rise in U.S. Continue Reading
With U.S. investment managers and hedge funds reporting their quarterly equity positions ahead of the SEC deadline last month, some of the world’s largest asset managers are still taking bullish Continue Reading
Help In a meeting that unfolded -– at least to S&P Global Platts OPEC specialist Herman Wang ‘s eyes — just like the Eurovision pop song contest, OPEC and its Continue Reading
Traders gesture while working in the crude oil and natural gas options pit on the floor of the New York Mercantile Exchange March 7, 2011. Hedge funds remain cautious on Continue Reading
One of Iran’s top energy priorities this year would be developing onshore and offshore oil fields that it shares with neighboring countries, the official Islamic Republic News Agency (IRNA) quoted Continue Reading
Call it the biggest bovine airlift in history. The showdown between Qatar and its neighbors has disrupted trade, split families and threatened to alter long-standing geopolitical alliances. It’s also prompted Continue Reading
Qatar’s isolation by other Arab nations has dealt a strong hand to Japanese utilities in talks reviewing long-term gas contracts with the top LNG exporter, likely accelerating a shift to Continue Reading
President of the OPEC Conference and Saudi Arabian Energy, Industry and Mineral Resources Minister Khalid Al-Falih speaks during a news conference at OPEC headquarters in Vienna, Austria, on May 25. Continue Reading
Iran aims to prioritize the development of the oil and gas fields that straddle the land and maritime borders with its neighbors. File photo by Maryam Rahmanian/UPI June 12 (UPI) Continue Reading
Shell Petroleum Development Company Limited has officially lifted force majeure on exports of Nigeria’s Forcados crude oil, thus increasing the nation’s oil output by additional 200,000 barrels per day. Force Continue Reading
Cash-strapped U.S. shale firms scaled back their hedging programs in the first quarter, leaving them more vulnerable to tumbling spot market prices just after OPEC reached a landmark deal to Continue Reading
On a recent day in this remote island town, Dr. Jhomar Yansen rushed to operate on a man who had been kicked in the gut by a sheep and was Continue Reading
The number of active oil and gas rigs in the United States rose again this week by 11—making it 21 weeks of consecutive gains—the longest growth streak since at least Continue Reading
Money managers’ net-long position at most bullish since April Longs rose, shorts declined, just before oil slumped 5 percent Crude markets are taking oil optimists by surprise yet again. Hedge Continue Reading
Senate Democrats concerned Atlantic energy work could harm some maritime species that depend on seismic activity to communicate. File photo by Ken James/UPI. June 12 (UPI) — The process to Continue Reading
European leaders highlight the need to pursue a low-carbon economy during an energy forum held in Vienna. File photo by Stephen Shaver/UPI June 12 (UPI) — There’s no alternative but Continue Reading
Radio stations here are again running ads from oil-field companies seeking drivers and mechanics. A store is serving up an alligator-and-crawfish lunch to welcome workers from the Gulf Coast. New Continue Reading
The first cargo of U.S. liquefied natural gas last week reached its destination in Poland. The country’s Prime Minister called this “a historical moment,” that brought the Central European country Continue Reading
Falling interest rates have huge power. My background is as an actuary, so I am very much aware of the great power of interest rates. But a lot of people Continue Reading
Oil prices rose on Monday as futures traders bet the market may have bottomed after recent falls, even as physical markets remain bloated, especially from a relentless rise in U.S. Continue Reading
Last December, Credit Suisse Group AG (CS), closed two very popular ways of betting on oil to the public. Both were exchange-traded notes (ETNs) pegged to oil prices, and both Continue Reading
The recent OPEC agreement to extend production cuts for a further nine months has had a mixed response from industry commentators. For some, it’s an example of OPEC’s new steadfastness Continue Reading
OPEC President Qatar’s Energy Minister Mohammed bin Saleh al-Sada addresses a news conference after a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, November 30, Continue Reading
Saudi Arabia’s Energy Minister Khalid al-Falih, talks to journalists before the beginning of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017. Continue Reading
Kuwaiti minister says his country to continue mediation effort Saudi-led alliance cut ties and transport links with Qatar Gulf crisis mediator Kuwait said on Sunday that isolated Qatar was “ready Continue Reading
Sanctions against Qatar may hurt U.A.E. construction companies Qatar Airways is set to be one of the biggest losers With Qatar increasingly isolated from its Gulf neighbors in an escalating Continue Reading
Shell lifts force majeure on Forcados oil in Nigeria Royal Dutch Shell (ticker: RDSA) lifted force majeure on exports of Nigeria’s Forcados oil grade, returning about 250 MBOPD to world Continue Reading
Natural gas storage inventories increased by 106 Bcf for the week ended June 2, per EIA. The report is bearish with the build coming above market expectations, which were calling Continue Reading
Petroleum industry’s total economic value for California—larger than 15 U.S. state economies A new economic study released today by The Los Angeles County Economic Development Corporation (LAEDC) details the oil Continue Reading
U.S. exports have spiked in recent weeks, upending longstanding trade flows. But while that may be good news for some U.S. drillers, the unusually high level of crude exports are Continue Reading
Oil companies are applying new hydraulic fracturing techniques to early Bakken wells, a process industry leaders say has the potential to recover more oil without increasing the footprint on the Continue Reading
A decade or so ago I was doing a TV interview and talked about a technology called horizontal fracturing and shale oil that might one day make the U.S. energy Continue Reading
Market to be balanced in first quarter of 2018: Russia’s Novak Saudi minister sees stockpiles falling faster in coming months A deal among oil-producing countries to curb production and balance Continue Reading
Russian Energy Minister Alexander Novak attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. Russian Energy Minister Alexander Novak said on Sunday there was Continue Reading
Oil prices continued to slide on Friday, adding to sharp declines from earlier this week as evidence mounted that a fuel supply overhang continued despite an ongoing effort led by Continue Reading
Crude-oil prices have declined almost 9% in the past three weeks, moving decisively below $50 a barrel and forcing investors to reassess whether supply and demand will reach a more Continue Reading
– Over the last three weeks strong WTI spreads served as a key reminder of bullish fundamental expectations as flat price sold off sharply. This week’s collapse in prompt and Continue Reading
Oil has fallen lower this week, with a particularly bearish EIA report combining with geopolitical tensions in the Middle East to push prices downwards. Another increase in the rig count Continue Reading
A rapidly advancing crack in Antarctica’s fourth-largest ice shelf is getting close to a full break, according to scientists. It has accelerated this year in an area already threatened by Continue Reading
Donald Trump accused Qatar of funding terrorism at a “high level”, just hours after his secretary of state urged Saudi Arabia and its allies to end a blockade of the Continue Reading
The last three weeks have brought the world’s biggest oil-producing region back into the headlines. From a crisis in the Gulf Cooperation Council (GCC) to the political aftermath of a Continue Reading
The OPEC logo is seen outside their headquarters in Vienna, Austria May 24, 2017. Two weeks after an OPEC-led deal to extend oil output cuts until March, some OPEC delegates Continue Reading
FILE PHOTO: Pipelines are seen at the industrial zone at the oil port of Brega, Libya, January 12, 2017. OPEC’s battle against an oil glut is under threat as unsold Continue Reading
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. To match Exclusive Continue Reading
Saudi camp has the numbers but standoff could scare investors A new faultline emerges in Middle East already torn by war Saudi Arabia dwarfs Qatar on almost any measure, yet Continue Reading
