Economic sanctions against Russia have made the offshore Yuzhno-Chernomorsky oil field economically unfeasible, and Rosneft will now suspend exploration in the area for five years, Russian media reported, quoting the Continue Reading
A stormy weekend led to free electricity in Germany as wind generation reached a record, forcing power producers to pay customers the most since Christmas 2012 to use electricity. Power Continue Reading
Climate change significantly imperils public health globally, according to a new report that chronicles the many hazards and symptoms already being seen. The authors describe its manifestations as “unequivocal and Continue Reading
Concentrations of carbon dioxide in the atmosphere surged at a record-breaking speed in 2016 to the highest level in 800,000 years, according to the World Meteorological Organization’s Greenhouse Gas Bulletin Continue Reading
Oil markets rose on Monday, with Brent remaining above $60 per barrel on expectations that an OPEC-led production cut due to expire next March would be extended, although rising exports Continue Reading
The earnings reports for the oil majors are widely expected to reveal sharp improvement for the oil industry, finally rebounding after more than three years of low prices. And it Continue Reading
Just a few of months ago, analysts and investment banks slashed their oil price forecasts as OPEC’s production cuts drew down the global oil oversupply slower than initially expected, and Continue Reading
With earnings season in full swing, we thought it helpful to outline what we are looking for in oil and gas production and refining company statements and earnings calls. Several Continue Reading
In this post I present developments in world crude oil (including condensates) supplies since January 2007 and per July 2017. In this post the world crude oil (inclusive condensates) supplies Continue Reading
As Saudi Aramco, the Saudi national oil company, prepares for a widely-awaited initial public offering next year, its chief executive, Amin H. Nasser, is at the center of the planning. Continue Reading
