WTI-Brent Spread Narrows On Canada Oil Crisis
The difference between WTI and Brent narrowed significantly over the past few days, as the forces driving the two benchmarks apart seemed to have reversed course. For the past few Continue Reading
Oil rises as outages balance trade dispute, OPEC
Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the United States Continue Reading
Brent crude oil prices fall further on OPEC production pledge
The price for Brent crude oil was under pressure Monday after OPEC hinted at more production, though a lack of spare capacity could be a factor. Brent, the global benchmark Continue Reading
Oil drops as market braces for more OPEC crude and Wall Street slips
Oil fell on Monday as investors prepared for an extra 1 million barrels per day (bpd) of oil to hit markets after OPEC agreed to raise production and as U.S. Continue Reading
The Best Solution For Climate Change
If our longer-term goal is to reduce the accumulation of carbon dioxide in the atmosphere (which produces climate change) — there are only four ways to do it. 1) Reduce Continue Reading
Global thermal coal demand likely to outstrip supply in H2 2018: Citi
Global seaborne thermal coal supply is expected to fall short of expected demand in the second half of this year amid falling capital expenditures at key miners, Citi analysts said Continue Reading
The Bullish Truth Of OPEC’s Agreement
Oil prices jumped 5 percent on Friday after the OPEC+ group announced its vague decision to maintain its collective target while lifting country-specific limits on oil production. The result was Continue Reading
Key natural gas supply/demand projections from IEA’s Gas 2018 report
The International Energy Agency on Tuesday published its latest medium-term gas outlook containing forecasts for gas supply and demand to 2023. Global gas demand to reach 4.1 Tcm by 2023 Continue Reading
Potential fossil fuel production could buy time for energy transition
Given their significance for the vital functions of industrial societies and their potential for climate change, future developments in fossil fuel production ( petrol, natural gas, coal ), will have Continue Reading
All eyes on oil supply after Opec deal to boost output
What does the supply picture look like? The prospect of an extra 1m barrels per day of oil hitting the market would normally be considered uniformly bearish for prices. But Continue Reading