Is The U.S. Overly Dependent On Russian Oil?
“Germany is totally controlled by Russia. They will be getting between 60 and 70 percent of their energy from Russia and a new pipeline.” President Trump’s point was that Germany’s Continue Reading
ICE to Launch Permian WTI Crude Oil Futures Contract
The contract is expected to launch in third quarter of 2018 and will have physical delivery in Houston. The Intercontinental Exchange Inc. (ICE) has plans to launch a Permian West Continue Reading
IHS Markit Sees Canadian Oil Sands Growth Moderating After 2019
Canadian oil sands production will rise more than half a million barrels per day in 2019 and growth will moderate thereafter, according to a forecast by data firm IHS Markit. Continue Reading
Russia and Ukraine to hold further gas transit talks
Ukraine and Russia said they will hold further European Union-mediated talks on supplying Europe with Russian gas, in a key first step toward renewing Ukraine’s gas transit contract that expires Continue Reading
Russia’s Novak says gas talks to continue with Ukraine and EU
Russian Energy Minister Alexander Novak said on Tuesday that three-way talks with Ukraine and the European Union would continue in the autumn, after he met representatives from Kiev and the Continue Reading
Oil prices fall for second day on oversupply concerns
Oil prices fell for a second day on Tuesday as worries about possible disruptions to supply eased and as investors focused on potential damage to global growth from the festering Continue Reading
Brent oil falls 4 percent to three-month low as supply outage concerns ease
Oil prices slumped more than 4 percent on Monday, with Brent reaching a three-month low, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. Continue Reading
US crude sinks 4.2%, settling at $68.06, after Treasury Dept eases market’s Iran sanctions fears
Oil prices extended early losses on Monday, dropping about $3 a barrel, after Treasury Secretary Steve Mnuchin said some crude importers may receive waivers to continue buying supplies from Iran, Continue Reading
Wood Mackenzie: Global Peak Oil Demand Expected In 2036
Peak oil demand is expected to come around 2036 as electric vehicles and autonomous vehicles are expected to play an increasingly important role in the world’s transportation sector, the Financial Continue Reading
Goldman Sachs expects volatile oil market, prices between $70 and $80 per barrel
Investment bank Goldman Sachs expects volatile oil prices in the short-term on the back of uncertainty over possible disruptions to supply, with benchmark Brent crude in a $70-80 per barrel Continue Reading