Are More Bankruptcies On The Way For U.S. Oil?
Something that’s been whispered about in the last few months is now being talked about loudly: U.S. oil drillers’ debts. There have been a few notable warnings that shale boomers Continue Reading
Russians worried about the cost of living
With an economy tied strongly to the oil and gas export market, pollsters in Russia said there’s mounting concern about inflation and external shocks. Russia’s economy relies heavily on oil Continue Reading
More EU praise for progress on renewable energy
Renewable energy gives Portugal, which imports all of its oil and gas, a way to gain a degree of independence over its economy, a European energy official said. Vice President Continue Reading
Germany Should Say Danke for U.S. Oil
German Chancellor Angela Merkel used her closing speech at the recent Group of 20 summit to chide President Trump for withdrawing the U.S. from the Paris climate accord. Yet the Continue Reading
Norway’s Giant Gas Field Is Set For Record Output
The giant gas field that holds around 40 percent of total gas reserves on the Norwegian Continental Shelf (NCS) is set to produce a record amount of gas this year, Continue Reading
Oil prices firm on signs of U.S. production slowdown
Oil prices firmed on Monday, supported by a slowdown in new rigs looking for crude and a perception of strong demand. Brent crude futures, the international benchmark for oil prices, Continue Reading
Oil Skeptics Let a Little Sunshine In
Managed-money WTI net-longs rise by most in seven weeks Short positions decline to lowest level in four weeks Oil skeptics are letting a little sunshine in. After the worst June Continue Reading
OPEC June Production Data
The above chart does not include the 14th member of OPEC that was just added, Equatorial Guinea. I do not have historical data for Equatorial Guinea so I may not Continue Reading
Venezuelans vote in unofficial poll over new constituent body
Voters have been queuing in the capital Caracas Venezuelans are taking part in an unofficial referendum on government plans for a new assembly that could change the constitution. Critics of Continue Reading
North Korea fuel prices surge after China cuts oil sales
Gasoline and diesel prices surged in North Korea in the weeks after a Chinese state oil company suspended fuel sales to the reclusive state, according to data reviewed by Reuters Continue Reading