The U.S. Oil Production “Mirage”
On July 31, the EIA released monthly data on U.S. oil production, which revealed a decline in U.S. output of 30,000 bpd in May, compared to a month earlier. The Continue Reading
A Price Spike Looms For Natural Gas
The U.S. natural gas market is cyclical. Demand spikes in the winter as people and businesses turn up the heat, but consumption dips in spring and fall because of mild Continue Reading
Russia Rolls Back Most of Oil Cuts as Supply Risks Worsen
Oil Slides on Surprise Increase in U.S. Inventories Russia boosted oil production to levels not seen since it joined OPEC in a coordinated output cut, helping the group offset supply Continue Reading
Oil steadies to trade higher after losses
Oil prices rose on Thursday, steadying after losses over the past two days from a surprise increase in U.S. crude inventories and renewed concerns over trade friction between the U.S. Continue Reading
Oil Prices Fall After EIA Confirms Crude Inventory Build
After yet another surprise report —this time of an inventory build—from the American Petroleum Institute weighed on prices yesterday, the Energy Information Administration confirmed a build, reporting U.S. crude oil Continue Reading
Oil just had its worst month in 2 years as Trump pressures Saudi Arabia to pump more
A handful of big one-day losses during July pushed the oil market to its biggest monthly decline in two years — and the source of those big swings can often Continue Reading
Big Oil switches focus from profits to production
A rebound in crude prices helped the world’s energy supermajors generate higher profits in the second quarter but ultimately it was how much oil and gas they produced that differentiated Continue Reading
Adding Up the Cost of Climate Change in Lost Lives
Scorching heat waves have gripped the world in recent weeks from the Pacific Northwest to Northern Europe and, most tragically, Japan, where more than 100 mostly elderly people have died. Continue Reading
Israel warns Iran of military response if it closed key Red Sea strait
Israel would deploy its military if Iran were to try to block the Bab al-Mandeb strait that links the Red Sea to the Gulf of Aden, Prime Minister Benjamin Netanyahu Continue Reading
Though oil is on the line, Iran not buying U.S. ‘PR stunts’
Iranian Foreign Minister Mohammad Javad Zarif said Tehran won’t respond to threats, sanctions pressure or public relations stunts from the United States. File Photo by Ali Mohammadi/UPI | Aug. 1 Continue Reading