US oil floated on cheap money
How much has the US oil industry been inflated, crushed and generally distorted by the Federal Reserve’s monetary force-feeding over the past nine years? According to my probing along the Continue Reading
Statoil will not give up on exploration in Arctic
The chief executive of Norway’s biggest oil company refused to give up on oil exploration in the country’s Arctic despite another disappointing drilling campaign this year. Eldar Saetre, Statoil’s chief Continue Reading
Russia Uses Its Oil Giant, Rosneft, as a Foreign Policy Tool
President Vladimir V. Putin of Russia, right, met with President Nicolás Maduro of Venezuela at the Kremlin this month. Russia is increasingly wielding oil as a geopolitical tool, spreading its Continue Reading
7.5 Billion People — That’s a lot!
As the inimitable Yogi Berra once said, “It’s tough to make predictions, especially about the future.” And indeed it is. Some guesswork is always involved and surprises crop up that Continue Reading
Saudi Rhetoric Sends Oil Prices To Two-Year High
Comments made by Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS), sent Brent crude to its highest in more than two years, to US$59.30 a barrel, Reuters reports . West Continue Reading
Brent oil above $60 level for first time since 2015
Brent crude oil hit $60 a barrel on Friday for the first time in more than two years, in the latest sign the market is tightening after a three-year glut. Continue Reading
Oil up 2 percent, Brent hits $60 per barrel on support for extending curbs
Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world’s top producers for extending a deal to Continue Reading
Brent Oil Tops $60 for First Time Since 2015 Amid OPEC Optimism
Saudi Arabia backs extension of output-cut deal beyond March Crude futures in New York rise to highest in seven months Brent surged above $60 a barrel for the first time Continue Reading
Exclusive: OPEC’s head says Saudi, Russia statements ‘clear fog’ before November 30 meeting
The fog has been cleared ahead of OPEC’s next policy meeting by Saudi Arabia and Russia declaring their support for extending a global deal to cut oil supplies for another Continue Reading
Here’s Where The OPEC Deal Gets Sticky
Oil prices plunged on May 25 when OPEC and its non-OPEC partners extended their production cut deal through March 2018. At the time, the market had not only expected deeper Continue Reading