Goldman Sachs: Oil Crash Unlikely To Continue
The current selloff in energy stocks is but an opportunity for buyers, according to a Thursday note from Goldman Sachs’ European energy team, who added that current prices are likely Continue Reading
Oil Industry To Waste Trillions As Peak Demand Looms
A new report from The Carbon Tracker Initiative analyzed what would happen if the oil market saw demand peak by 2025, a scenario that would be compatible with limiting global Continue Reading
The World Is Millions Of Barrels Away From Peak Oil
The notion that demand for crude oil will soon peak has largely replaced the idea from a decade ago that crude oil production was about to peak for geological reasons. Continue Reading
OPEC Looks Totally Bewildered by the Oil Market
Julian Lee is an oil strategist for Bloomberg First Word. Previously he worked as a senior analyst at the Centre for Global Energy Studies. It may be too soon to Continue Reading
Continuing Arab Gulf Spat Could Weigh On Oil Prices…Again
While oil markets were battered again this week over persisting oversupply concerns, the diplomatic crisis in the Middle East continued to brew, peaking when the Arab states boycotting Qatar issued Continue Reading
Crisis-Stricken Venezuela Looks To Import Fuel
Venezuela is seeking more than 13 million barrels of fuel imports by the end of the year, which constitutes about a third of what the South American nation needs annually. Continue Reading
Clogged oil arteries slow U.S. shale rush to record output
A pumping station owned by Tallgrass Energy is pictured in Guernsey, Wyoming, U.S. on January 17, 2017. Picture taken on January 17, 2017. REUTERS/David Gaffen A gallon of gasoline that Continue Reading
Trump to Call for U.S. ‘Dominance’ in Global Energy Production
President to flag historic shift as U.S. becomes net exporter Renewables and nuclear power technology also set to gain Donald Trump will tout surging U.S. exports of oil and natural Continue Reading
How Earthquakes Are Rattling a Dutch Province Atop One of the World’s Richest Gas Troves
For decades, the giant Groningen gas field beneath the flat, green farmland in the north of this country counted among the greatest prizes for Exxon Mobil Corp. and Royal Dutch Continue Reading
Oil edges up, but set for worst first-half performance in 20 years
Oil edged up on Friday, recovering slightly from steep falls earlier in the week, but is set for the worst performing first-half in two decades despite ongoing production cuts. Brent Continue Reading