U.S. Energy Information Administration, Short-Term Energy Outlook In the June 2018 update of its Short-Term Energy Outlook (STEO), EIA forecasts Brent crude oil prices will average $71 per barrel (b) Continue Reading
The NYMEX July natural gas futures contract jumped 5.7 cents Friday to $3.022/MMBtu, the first time the prompt-month contract has reached above $3/MMBtu since late January, as hot weather in Continue Reading
Oil prices are in a holding pattern as we await the outcome of the OPEC+ meeting in a few days, and while the result of that meeting will almost completely Continue Reading
For some time now I been intending to do a post about “My Peak Oil Journey”, describing how my understanding of Peak Oil has evolved over the years. I think Continue Reading
Saudi Arabia plans to host a leaders’ oil summit later this year for OPEC and non-OPEC countries participating in a supply cut pact, two sources familiar with the matter said Continue Reading
The most vital industry information will soon be right at your fingertips Join the world’s largest community dedicated entirely to energy professionals Oil prices bounced around over the past few Continue Reading
As everyone watches OPEC and Russia ahead of their meeting in Vienna next week, it’s easy to miss the fact that this is not the only meeting that will set Continue Reading
The OPEC meeting is a week away and based on the signals from the group’s top producers, the market is assuming that the group will increase oil production. However, the Continue Reading
Continuing clashes between the Libyan National Army and rival militant groups have cut Libya’s oil production by 240,000 bpd, prompting the shutdown of Libya’s two biggest oil ports, Es Sider Continue Reading
India’s largest bank, State Bank of India, has told local refiners that it will no longer handle payments for oil imports from Iran beginning in November, the head of finance Continue Reading
