Shell’s strategic move into electricity
Royal Dutch Shell’s decision to sell electricity direct to industrial customers is an intelligent and creative one. The shift is strategic and demonstrates that oil and gas majors are capable Continue Reading
A future of cheap oil
An ongoing price slump is rattling the industry and weakening petrostates. How will low prices change the world? Here’s everything you need to know: How cheap is oil? Prices have Continue Reading
Oil Gains After IEA Revises Data
Crude futures turned from losses to gains Friday, recovering from a selloff after the International Energy Agency revised its historical demand figures lower, indicating oil supplies might not be as Continue Reading
Oil prices sink on IEA warning on balance
Crude oil prices drifted lower early Friday after a report from the International Energy Agency said the markets were balancing, but it’s a stubborn process. Oil prices rallied early in Continue Reading
Oil Caps Weekly Drop Amid Shaky OPEC Compliance, Weaker Demand
IEA sees OPEC’s commitment to clearing global glut fading Agency reduced demand estimates for this year and 2018 Start your day with what’s moving markets in Asia. Sign up here Continue Reading
Exposing The OPEC Deal Saboteurs
And some surprising numbers this week show that slide is likely to continue. With the world’s largest oil-producing nations pumping out more crude than many energy observers are expecting. That’s Continue Reading
OPEC/Non-OPEC Overproduce 470,000 Bpd Above Commitment
Stronger-than-expected oil demand growth may be tilting the market to rebalancing, but confidence in any sustained rebalancing is suppressed on the back of OPEC and non-OPEC producers’ signals of weakening Continue Reading
Have Oil Markets Reached A Tipping Point?
Oil prices were down at the end of the week on fears of lingering oversupply. The U.S. reported a strong drawdown in crude inventories and flat production, although those bullish Continue Reading
Saudis ready to export more oil to Iraq
After discussions on compliance with an OPEC-led effort to balance the market, Saudi Arabia’s energy minister said Iraq could be the target for more exports. Saudi Arabia and Iraq are Continue Reading
Saudi Arabia: Deeper Cuts Are Still On The Table
OPEC and its non-OPEC partners have not closed the door to the possibility of extending the production cut agreement or even lowering production levels, Saudi Oil Minister Khalid al-Falih told Continue Reading