The Biggest Challenge In Electric Car Markets
Volkswagen is spending $2 billion in America to correct its “Dieselgate” cheating scandal — and to move beyond the typical upscale electric car shopper that tends to be much more Continue Reading
Major Airlines Expect Oil Prices To Rise
Four months ago several large air carriers said they were in no rush to start hedging against further price increases in crude oil and fuel. Now they may be starting Continue Reading
Norway Production, 2017 Summary and Projections
Average annual Norwegian wellhead C&C production dropped 1.5% in 2017, from 1709 kbpd (625 mmbbls total) to 1682 kbpd (614 mmbbls total). Wellhead gas (which includes fuel gas, flaring and Continue Reading
ExxonMobil Misses, Chevron Crushes Estimates in Mixed Day for Big Oil
For the biggest US oil explorers, the first quarter was a study in contrasts. (Bloomberg) — For the biggest U.S. oil explorers, the first quarter was a study in contrasts: Continue Reading
California Oil Dreams Fade as Beverly Hills Derrick Comes Down
Draped in flower-covered panels, the iconic derrick that towers over Beverly Hills High School has pumped crude for decades. Now, it waits to be dismantled, its demise mirroring the fate Continue Reading
Crude differentials gain in thin trading
U.S. crude differentials rose in light volumes on Friday, with Midland grades firming for a third straight day and Light Louisiana Sweet continuing to trade near three-month highs. U.S. crude’s Continue Reading
Oil inches down but Brent ends week firmer on Iran concerns
Oil prices edged lower on Friday, although Brent still gained for a third straight week amid supply concerns should the United States reimpose sanctions on Iran. Brent crude futures LCOc1 Continue Reading
Oil Markets React Stoically To Rising Rig Count
US drillers added 8-rigs to the total number of oil and gas rigs this week, according to Baker Hughes, adding 5 oil rigs and 3 gas rigs. Meanwhile, neighboring Canada Continue Reading
Oil Prices Steady As Geopolitical Risks Calm
The diplomatic breakthrough on the Korean Peninsula is taking away one source of geopolitical risk for oil markets, at least for now, with prices dipping in early trading on Friday. Continue Reading
Big Oil Firms Hold Back on Drilling
The world’s biggest oil companies are awash in cash, thanks to rising crude prices. But few, if any, are going on spending sprees, even as the prospect of a global Continue Reading