What Is Keeping Oil From Breaking $70?
The protests in Iran have helped push oil prices up to fresh multi-year highs this week, but a lot of questions remain about the durability of the oil price rally. Continue Reading
Strong Draw In Crude Inventories Lifts Oil Prices
A day after API contributed to WTI’s reaching its highest price level since 2015 with an estimated 5-million-barrel draw in crude oil inventories, the EIA reinforced the bullish mood with Continue Reading
Five things to watch as Brent crude oil nears $70
1. Iran and rising geopolitical risks Iran is the third-largest oil producer in Opec and its output of 3.8m barrels a day represents more than 4 per cent of global Continue Reading
Investors sense opportunities in Big Oil – but mind the gap
Investors are gaining confidence – up to a point – that 2018 will be the year of oil stocks. While shares in top energy companies have risen since mid-2017, they Continue Reading
The 5 Most Popular Energy Stories Of 2017
The year in which WTI went from barely above $50 to over $60 a barrel and Brent hit OPEC’s much sought after $65 was full of the usual mix of Continue Reading
U.S. oil stocks down, fuel inventories up sharply
U.S. crude stocks fell last week as refiners boosted activity to the highest rate since 2005, while stocks of distillates, which include diesel and jet fuel, rose by the most Continue Reading
Global Warming’s Toll on Coral Reefs: As if They’re ‘Ravaged by War’
Before we call rockfish, shrimp and crab “dinner,” some of these species call coral reefs “home.” But those reefs, home to a quarter of all marine fish species, are now Continue Reading
Is A “Geopolitical Recession” Looming?
Eurasia Group’s Ian Bremmer says that 2018 is “by far the greatest geopolitical risk environment that we’ve ever seen” and that this could be the year where the international community Continue Reading
OPEC vs Shale: The Oil Saga Continues
The continuous rise in U.S. shale production last year offset part of the OPEC–Russia production cuts and capped oil price gains. Supported by the global inventory drawdown and geopolitical woes, Continue Reading
OPEC Should Thank Venezuela For Falling Production
OPEC’s crude oil production remained largely unchanged from November in December, but that was mostly thanks to a 50,000-bpd decline in Venezuela’s production, as well as further cuts in Saudi Continue Reading