Can The U.S. Avoid The LNG Export Trap?
The United States began exporting LNG just two years ago, and last year it was already a net exporter of the fuel, despite a global glut. By the end of Continue Reading
After slump, oil and gas exporter Norway sees economy stabilize
The petroleum component of the Norwegian economy contributed to first quarter growth after a drop off in the fourth quarter, the government said. Statistics Norway, the government’s record-keeping office, reported Continue Reading
Oil gains on OPEC report; U.S. crude discount to Brent deepens
Oil prices rose on Monday as OPEC reported that the global oil glut has been virtually eliminated, while U.S. crude’s discount to global benchmark Brent widened to more than $7, Continue Reading
Investors see big oil surge, but physical markets suggest caution
Oil futures prices have soared past three-year highs, OPEC’s deal has cut millions of barrels of inventory worldwide and investors are betting in record numbers that prices could rocket past Continue Reading
Gearing Up for the Third Gulf War
Will Washington, Tel Aviv, Riyadh, and Tehran Face Off in a Future Cataclysm? With Donald Trump’s decision to shred the Iran nuclear agreement, announced last Tuesday, it’s time for the Continue Reading
With glut almost gone, OPEC still cuts more than oil pact demands
A global oil glut has been virtually eliminated, figures published by OPEC showed on Monday, thanks to an OPEC-led pact to cut supplies that has been in place since January Continue Reading
Global oil supplies robust enough to cut Iran’s exports: Trump memo
Global oil supplies are plentiful enough to withstand a “significant reduction” in petroleum exports from Iran, according to a White House memo issued on Monday as the Trump administration prepares Continue Reading
Abu Dhabi commits billions to expand its refining capacity
The Abu Dhabi National Oil Co. outlines a five-year plan to build up its refinery capacity. More than $45 billion in investments over the next five years could position the Continue Reading
Oman next up for LNG bunkering
Natural gas from onshore basins in Oman could be used to develop a maritime fueling point for liquefied natural gas, French supermajor Total said. The French company signed a memorandum Continue Reading
Iran Sanctions Threaten The Petrodollar
One country must be quite pleased with the prospect of new U.S. economic sanctions against Iran’s oil industry, and this country is the largest oil importer in the world, and Continue Reading