Source: U.S. Energy Information Administration, Short-Term Energy Outlook, July 2017 Note: Confidence interval derived from options market information for the five trading days ending July 6, 2017. Intervals not calculated Continue Reading
With the efficacy of OPEC-led cuts clearly in doubt, it would behoove cartel members to prioritize individual self-interest. This opinion piece presents the opinions of the author. It does not Continue Reading
– WTI traded in a $44-$47 range this week lifted by a 7.6m bbl US inventory draw and positive demand data in Europe and China. On the upside production gains Continue Reading
The world’s biggest oil producers are starting to take electric vehicles seriously as a long-term threat. OPEC quintupled its forecast for sales of plug-in EVs, and oil producers from Exxon Mobil Corp. Continue Reading
Summary Overview of factors involved in determining energy prices. How the various factors influence supply and demaind. Major shifts coming in the energy sector. A low risk, long-term investment in Continue Reading
OPEC member Kuwait said on Friday it would be premature to cap Nigerian and Libyan oil production as the two African countries’ output needed to stabilize further. The market is Continue Reading
The U.S. Justice Department on Friday filed a civil complaint seeking to recover about $144 million in assets obtained through paying bribes to a former Nigerian oil minister, the department Continue Reading
Officials from a state oil company in Libya brief representatives from Norwegian energy company Statoil about the potential to bring production back to normal levels. Photo courtesy of the Libyan Continue Reading
Norwegian energy company Statoil said Friday it extended its reach beyond Norway to acquire stakes in what could be one of South America’s biggest prizes. Statoil took a 33.3 percent Continue Reading
Saudi Arabia is trying to support oil prices by reducing its crude shipments to the United States in a bid to cut the amount of oil in commercial storage. U.S. Continue Reading
