All Eyes On Iran As Oil Prices Soar
Oil prices are set to close out the week on a quiet note after several days of choppy trading. The markets are still waiting for direction as the U.S.’ decision Continue Reading
Oil Prices Rise Despite Rig Count Gains
US drillers added 11-rigs to the number of oil and gas rigs this week, according to Baker Hughes, adding 9 active oil rigs and 1 active gas rig, with an Continue Reading
OPEC APR CRUDE OIL PRODUCTION SLIDES TO ONE-YEAR LOW OF 32.00 MIL B/D
Venezuela output lowest in survey history, save ’02-’03 strike Angola production falls to 18-month low Saudi output 9.95 mil b/d, Iraq 4.42 mil b/d, Iran 3.83 mil b/d OPEC crude Continue Reading
Saudis Move to Push Oil Prices Higher, in Break From Past Policy
Saudi Arabia is maneuvering to push oil prices up to at least $80 a barrel this year, shifting away for now from its long-time role as a stabilizing force in Continue Reading
Ex-Venezuela Oil Boss: PDVSA Is Collapsing
The man who ran Venezuela’s state oil company PDVSA for a decade after 2004 says that the country’s oil firm is on the cusp of total collapse and expects oil Continue Reading
Trade war looms as US and China take hardline stance
Just days ago the hope was that if Washington and Beijing would just start talking then a trade war between the world’s two largest economies could be averted. But this Continue Reading
The Permian Can Help Satisfy China’s LNG Appetite
Global liquefied natural gas (LNG) demand could exceed available supply by up to 150 million tons per annum (mtpa) by 2025, and planned LNG projects outside North America could supply Continue Reading
U.S. drillers add oil rigs for fifth straight week: Baker Hughes
U.S. energy companies added oil rigs for a fifth week in a row as they follow through on plans to spend more on drilling this year with higher crude prices Continue Reading
Cheniere to decide on Corpus Christi 3 LNG export terminal within weeks
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said on Friday it planned to make a final investment decision to build the third liquefaction train at its Corpus Christi Continue Reading
Canada Oil Revenues Fall Despite Production Growth
Canadian provinces are getting much less in exchange for the oil and gas they produce now than in the past despite growing production, a new report has revealed. Authored by Continue Reading