Permian Discount Could Rise To $20 Per Barrel
The pipeline constraints in the Permian basin have become a hot topic lately, not least because of the steep discounts that oil producers in West Texas have been forced to Continue Reading
Where Will U.S. Frackers Drill Next?
With WTI oil prices staying above $60 a barrel for several months, U.S. drillers are breaking production records each week, mostly thanks to the Permian in West Texas and New Continue Reading
Nord Stream is a commercial pipeline, Russia says
Expanding the capacity of the Nord Stream natural gas pipeline through the Baltic Sea is a purely commercial ambition, a Kremlin spokesman said Monday. Sweden’s government became the latest to Continue Reading
Barents Sea opened to drillers
Opening up more areas in the Barents Sea for drillers is expected to deliver in terms of future production, the Norwegian government said Monday. Eleven companies were offered 12 production Continue Reading
Oil Keeps Sliding as China Worries Weigh
Oil prices continued to weaken Monday, building on Friday’s slide as worries about increased production were amplified by the potential of Chinese tariffs on energy imports from the U.S. On Continue Reading
Oil down on China tariffs, expected OPEC supply rise
Oil prices fell on Monday after China threatened duties on American crude imports in a trade dispute with Washington, while supply from OPEC and Russia was also expected to rise. Continue Reading
Why $100 Price Forecasts Are More Sensational Than Logical
Towards the end of 2017 and for much of the first quarter of this year, both oil futures benchmarks – i.e. Brent, the global proxy gauge, and West Texas Intermediate, Continue Reading
Just the Fear of a Trade War Is Straining the Global Economy
Only a few months ago, the global economy appeared to be humming, with all major nations growing in unison. Now, the world’s fortunes are imperiled by an unfolding trade war. Continue Reading
Steep Oil and Strong Dollar Make Toxic Brew for Global Economies
For Americans, rising oil prices are threatening $3-a-gallon gasoline and pushing up prices for plane tickets. In many other parts of the world, today’s crude rally is more painful—sparking protests, Continue Reading
Why There Won’t Be An OPEC For Battery Metals
Over the past 58 years, major oil-producing states have aligned their interests in the ‘Organization of Oil Producing Countries’. During those years, OPEC has been able to steer price of Continue Reading