Beware of the Dip: Oil Prices Could Go Lower
The spike in oil prices since August provides U.S. producers an attractive opportunity to hedge their 2018 capital program. With a typical lag, it will likely result in an acceleration Continue Reading
Fear Will Drive Oil Prices In 2018
The price of oil has always been driven by cycles of fear and complacency. During the cycle of fear, geopolitical events can send the price of oil soaring. During the Continue Reading
Goldman Says Oil Market’s Too Jittery When There’s No Need to Be
OPEC deal cuts risk of surprise supply gain, excess stock draw Bank says backwardation may be greater than current projection Don’t worry about long-term oil supply, according to Goldman Sachs Continue Reading
Looking Ahead to 2018 for Nuclear Energy
Each year this blog looks ahead to issues it will follow in the coming 12 months. What this look into the future does is to provide some check marks on Continue Reading
OPEC and Russia Extend Output Cuts, Strengthening Oil Alliance
All participants agreed market is moving in right direction Libya, Nigeria accept production limits for the first time OPEC and its allies outside the group agreed to maintain oil production Continue Reading
OPEC, Russia agree oil cut extension to end of 2018
OPEC and non-OPEC producers led by Russia agreed on Thursday to extend oil output cuts until the end of 2018 as they try to finish clearing a global glut of Continue Reading
Visualizing OPEC’s Success
But it hasn’t all been plain sailing. In fact, it’s been decidedly choppy. From an export perspective, certain cartel members have made a concerted effort to keep crude off the Continue Reading
Oil prices rise after OPEC extends output curbs
Oil prices edged higher on Friday, a day after OPEC and other major producers agreed to extend output curbs until the end of 2018 in a bid to tackle global Continue Reading
As OPEC extends output cuts, Asia turns to North America for more oil
Asian refiners are losing no time reacting to a decision by OPEC and Russia to extend their agreed production cuts to all of 2018, ordering more oil from the Caribbean Continue Reading
Nigeria Delta Protestors Shut Down Two Oil Wells
Protestors shut down Adibawa wells 4 and 10, which feed into a flow station of the same name. Hundreds of demonstrators, comprising youths, elderly people, and women gathered to sing Continue Reading