Crude Oil Inches Downward
WTI and Brent futures finished the day lower. West Texas Intermediate (WTI) crude oil futures traded above the $57-mark for the second consecutive day Thursday but, again, fell short of Continue Reading
Oil off 2019 highs as U.S. crude stocks build, output hits record
Oil prices fell below 2019 highs on Thursday after U.S. government data showed a fifth weekly build in crude inventories and record production, while concerns about slowing global economic growth Continue Reading
The Road To 10 Billion: Where Is Global Population Actually Headed?
It was a girl. On Sunday, October 30, 2011, just before midnight, Danica May Camacho entered the world in a crowded Manila hospital, bringing the human population of our planet Continue Reading
Empty Supertankers Uncover Truths About Today’s Oil Market
Twelve empty supertankers plowing across thousands of miles of ocean toward America’s Gulf of Mexico coastline are revealing truths about today’s global oil market. (Bloomberg) — They are slowly plowing Continue Reading
An Underestimated Niche In Oil & Gas
Several hundred offshore oil and gas wells could cease production by 2021 in the face of today’s bearish oil market. As a consequence, so-called decommissioning obligations in the global oil Continue Reading
Cracks Begin To Form In Saudi-Russian Alliance
Could cracks be forming in the bromance between Saudi Arabia and Russia over oil production quotas? According to one analyst, the answer could be – yes. The background for one Continue Reading
Iran To Start Navy Drills In The World’s Key Oil Chokepoint
As the U.S. sanctions on Iran’s oil industry have already started to mount pressure on Tehran and have halved Iranian oil exports, the Islamic Republic announced that its Navy would Continue Reading
China Sticks Up For Iran As Geopolitical Pressure Mounts
Amid the geopolitical quagmire among Iran, Saudi Arabia and the U.S. over a number of issues ranging from Tehran’s nuclear ambitions, its ballistic missile program and its regional hegemony overtures Continue Reading
Saudi Aramco agrees tie-up for $10 billion project in China
State-owned Saudi Aramco has signed an agreement to form a joint venture with Chinese conglomerate Norinco to develop a refining and petrochemical complex in Panjin city, saying the project is Continue Reading
Saudi Aramco to acquire 9 percent of Chinese petrochems project: SPA
State-owned Saudi Aramco signed an agreement on Friday to acquire nine percent of Chinese project Zhejiang Petrochemical, Saudi state news agency SPA said. The agreement, which formalizes a previously announced Continue Reading