Expert Commentary: Is An Oil Comeback On The Cards?
– 2Q’17 wasn’t supposed to go like this! Heading into the spring the broad consensus in the oil market was that aggressive global inventory draws would move WTI into the Continue Reading
Baghdad may ramp up legal challenge to Kurdish crude exports
Prime Minister Abadi orders lawyers to block any attempt by the autonomous Kurdistan region to ship oil to the United States following reports that a tanker bearing KRG crude is Continue Reading
Market weighs ‘massive purchase’ of products by Venezuela’s PDVSA
Venezuela’s PDVSA has issued a flurry of new tenders for oil products in the last few days and although the volume being sought at the same time is unprecedented, market Continue Reading
Cheaper gasoline should give limited boost to U.S. fuel consumption: Kemp
Cheaper gasoline prices should spur an increase in driving in the United States and provide a limited boost for gasoline consumption over the summer, after a slow start to the Continue Reading
API: U.S. crude oil imports up 1.9 percent from last year
Despite a recent reversal, crude oil imports into the United States are up 1.9 percent year-to-date from last year, the American Petroleum Institute reported. API published monthly data from May Continue Reading
Big Oil turns to big data to save big money on drilling
In today’s U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the Continue Reading
US Oil Rig Count Rises For 23rd Week In A Row
The number of active oil and gas rigs in the United States rose again this week by 8—marking 23 weeks of gains and continuing to press upon battered markets who Continue Reading
Nigeria: Neiti – Over U.S.$21.8 Billion Unaccounted for By NNPC
The Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed that the Nigeria National Petroleum Corporation (NNPC) is supposed to remit over $21.8 billion billions to the Federation Account. The agency’s Continue Reading
Rosneft aims to export Egyptian natural gas
Russian energy company Rosneft is expected to start exporting natural gas from an Egyptian field considered to be among the world’s largest. Eni made its initial gas discovery in the Continue Reading
Using Energy to Extract Energy – the Dynamics of Depletion
The “Limits to Growth Study” of 1972 was deeply controversial and criticised by many economists. Over 40 years later, it seems remarkably prophetic and on track in its predictions. The Continue Reading