New Players Enter The European Gas Game
The expansion of the European Union in 2004 and 2007 indirectly led to several crises at a level not seen since the oil embargo of 1973. The accession of several Continue Reading
Russia’s Gazprom Neft calls for flexible quotas in OPEC-led deal
Russia’s third-largest crude producer, Gazprom Neft, wants flexible quotas in the crude production cut deal, as it is ready to fully recover its frozen output within one to two months, Continue Reading
Swansea study finds 30% of the UK’s natural gas could be replaced by hydrogen without major changes
30% of the natural gas fueling UK homes and businesses could be replaced by hydrogen without requiring any changes to the nation’s boilers and ovens, a study by Swansea University Continue Reading
Equinor Sees Peak Oil Demand Around 2030
Peak oil demand could come around 2030 at 111 million bpd in the current market as road transport electrification and efficiency gains in all sectors offsets increasing petrochemical and aviation Continue Reading
Oil Falls On OPEC Uncertainty
Oil prices seesawed this week, dipping on expectations of more supply from OPEC+, but rebounding on news of deeper troubles in Venezuela. Trading will likely be choppy over the next Continue Reading
Oil prices slip on G7 trade concerns
Concerns about broad-based trade issues overshadowed potential supply-side deficits to push the price for crude oil lower early in the Friday session. U.S. President Donald Trump left Friday for a Continue Reading
Oil falls on concerns over rising supply, weaker demand
Oil prices fell on Friday as concerns about surging U.S. output and falling demand in China weighed on the contract and JP Morgan cut its price forecast. Brent crude futures Continue Reading
Oil Ticks Lower as ‘Bearish Spin’ by OPEC Raises Supply Concern
Crude closed lower as traders weighed conflicting supply signals from Saudi Arabia, Russia and Venezuela. Futures fell 0.3 percent in New York on Friday. Oil ministers from Saudi Arabia and Continue Reading
Was This Just A Temporary Pullback In Oil?
While oil bulls are focusing on the loss of supply from Venezuela and a potential reduction of Iranian exports to justify their view that prices will be heading higher, bears Continue Reading
Oil Shock!
Is the economy in for a jolting “oil shock”? Today we wander out to the tail end of the bell curve… look around for black swans… and raise scandalous questions. Continue Reading