Oil Gains After Stockpiles Data
Oil prices flipped from losses to gains Wednesday as U.S. data showed that supplies of oil and gasoline fell and as investors tried to gauge the impact of a storm Continue Reading
Is OPEC Throwing In The Towel On U.S. Market Share?
Oil prices are rallying post-EIA report as today’s crude draw was joined by a drop in gasoline inventories. Although waterborne imports were strong last week, OPEC flows to the U.S. Continue Reading
Saudi Aramco IPO Sparks Rush to Privatize in Middle East
Saudi Arabia IPO of Aramco is expected to make it the world’s largest company by market capitalization. Saudi Arabia’s plan to list Saudi Arabian Oil Co. is sending other Middle Continue Reading
Libya’s Largest Oilfield Offline, Amid Uncertainty, ISIS Beheadings
Weighing in on oil price uncertainty, market watchers have been in a state of confusion over varying reports over the past three days as to the status of exports from Continue Reading
Blockade Can’t Stop Qatar From Suppling UK With Gas
Qatar supplies 20 percent of Britain’s natural gas. Just in the past four weeks, British ports have received one million meters worth of scheduled gas orders, according to the Middle Continue Reading
Shell starts new work in Nigeria’s Niger Delta
The Nigerian subsidiary of Royal Dutch Shell said Wednesday that hundreds of thousands of new barrels of product are expected from a project in the Niger Delta. Shell said it Continue Reading
Can Mexico Replicate The U.S. Shale Boom?
Natural gas has been hailed as the bridge between fossil fuels and renewables. Global gas demand has been growing at an average annual 2.3 percent over the last ten years, Continue Reading
Venezuelan Bonds Fall as U.S. Trading Sanctions Loom
Clashes between opposition protesters and the Bolivarian National Guard in Barquisimeto, Venezuela last month. Venezuelan bond prices tumbled Wednesday as traders grappled with the prospect that U.S. sanctions could restrict Continue Reading
Forget OPEC, China Controls Oil Prices
U.S. shale has taken a lot of headline space recently as the biggest headwind for oil prices and the highest stumbling block for OPEC’s efforts to prop them up by Continue Reading
Exclusive: In China, the Party’s push for influence inside foreign firms stirs fears
Late last month, executives from more than a dozen top European companies in China met in Beijing to discuss their concerns about the growing role of the ruling Communist Party Continue Reading