Is Russia Poised To Own A Stake In U.S. Oil?
As the country’s economy continues to tank, Venezuela’s national oil company PDVSA is approaching the deadline for a $1.1bn note issue due in November, and there’s a pretty good chance Continue Reading
Russian Oil Output Down 307,600 Bpd
Russian oil output is down 307,600 barrels per day, compared to October levels, according to the country’s oil minister. “At the end of July 2017, the reduction of oil production Continue Reading
Europe’s Largest Oil Refinery Shuttered For Weeks
A Royal Dutch Shell refinery in Rotterdam will remain closed until mid-August after a fire at the facility’s electricity stations caused it to shut down over the weekend, according to Continue Reading
Refinery news: Shell Pernis fully halted, earliest restart H2 Aug
Europe’s biggest refinery, Pernis, is currently “out of order”, Shell said late Tuesday, adding that the power station where a fire started Saturday evening needs to be repaired before “the Continue Reading
Analysis: German wind, solar capacity hits 95 GW with 3.8 GW added in H1
Germany’s wind and solar portfolio now stands at 95 GW after 3.8 GW of new capacity was brought online in the first six months of 2017, an S&P Global Platts Continue Reading
This Oil Price Rally Has Reached Its Limit
Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just Continue Reading
Oil rises on falling U.S. inventories, but high OPEC supplies still weigh
SINGAPORE (Reuters) – Oil rose on Tuesday, supported by strong U.S. fuel demand, but ongoing high supplies from producer club OPEC kept prices in check. U.S. West Texas Intermediate (WTI) Continue Reading
BP sees oil prices below $50 a barrel in 2018
BP expects global oil prices to hold within a range of $45-$50 a barrel next year as U.S. shale production grows, the British company’s chief financial officer said on Tuesday. Continue Reading
Oil Rises Above $50 as OPEC Trims Exports, Sets Meeting on Cuts
OPEC and non-OPEC producers to gather in Abu Dhabi next week Gasoline crack spread rises as Shell Pernis has units offline Oil closed above $50 a barrel in New York Continue Reading
Are Traders Overlooking The Real Oil Price Influencer?
Was the meeting between the OPEC and non-OPEC oil ministers in St Petersburg, Russia on 24 July a game changer or not? There were high hopes for additional production cuts, Continue Reading