Expect A Bounce In WTI Prices
We are still in a period of headline risk in financial markets generally. Stocks, bonds and currencies are all reacting to news on subjects as diverse as trade, North Korea, Continue Reading
This Is What an Oil Shock Looks Like
If it looks like a duck, swims like a duck, and quacks like a duck, it’s probably a duck. And right now, this duck is looking a lot like an Continue Reading
Nigeria Loses N2.7 Billion Daily to Trans Ramos Pipeline Shut-in
With the current price of Brent crude oil at N75 per barrel during the trading hours of Monday, Nigeria is losing about N2.7 billion daily, as the 100,000 barrels per Continue Reading
Brazil oil workers end strike early, output not affected: Petrobras
Oil workers ended a 72-hour warning strike at Brazilian state-led oil producer and refiner Petrobras a day early after a Labor Court judge increased fines for not adhering to an Continue Reading
Trump orders Energy Department to help ailing coal, nuclear plants
U.S. President Donald Trump on Friday directed Energy Secretary Rick Perry to take emergency steps to keep at-risk coal and nuclear plants running, the White House announced. Under the directive, Continue Reading
Wide open arbs help US crudes capture international market share
With spot arbitrages open for multiple US crudes like WTI and Mars in Europe and across Asia, US grades are capturing more market share overseas. * Discounted WTI backing Forties Continue Reading
Baker Hughes: US Drillers Add Oil Rigs For Second Week In A Row
U.S. energy companies added oil rigs for a second week in a row even though crude prices have declined about 7 percent over the past two weeks and analysts do Continue Reading
Energy groups join together to condemn Trump’s plan to subsidize nuclear, coal plants
Today, President Trump asked the Department of Energy to take steps in preventing coal and nuclear plants from retiring. “Impending retirements of fuel-secure power facilities are leading to a rapid Continue Reading
CNOOC awards contract for oil field in South China Sea
A contract for subsea work at an oil field in the South China Sea could help unlock hundreds of millions of barrels of oil reserves, TechnipFMC announced. The oil and Continue Reading
Avoiding self-inflicted extinction. What are the solutions?
Humankind has the unenviable duty to address the looming threats of runaway climate change and environmental collapse. At risk are Earth’s millions of species and our human civilisation, all of Continue Reading