A Watershed Moment For Gazprom
In Russia, oil stands for money and gas for power. The extensive pipeline infrastructure connecting gas fields in Siberia with consumers in primarily Europe has been the source of interdependency Continue Reading
The “Polar Silk Road” Could Be A Gamechanger For Natural Gas
It’s been well over a year since the then-United States Secretary of Defense Jim Mattis accused Russia and China of being “revisionist powers” each working its way toward making a Continue Reading
Gazprom Neft says Bazhenov shale oil output to reach viability by 2022-2023
Russia’s Gazprom Neft expects lifting costs at Bazhenov formation, the world’s largest shale oil resource, to gradually fall and reach an acceptable level for viable production by 2022-2023, a top Continue Reading
Equinor drills dry well in Norwegian Arctic area
OSLO (Reuters) – Equinor has drilled a dry well near its Korpfjell gas find in the Norwegian Arctic, the Norwegian Petroleum Directorate said on Monday, in an area near the Continue Reading
Putin’s $40 Oil Lie
Much has been made of President Vladimir Putin’s recent claim that crude oil prices are acceptable at present levels, and the Russian economy could even weather $40 per barrel. Many Continue Reading
Oil rises but ends week lower on demand fears despite Mideast tensions
Oil rose about 1% on Friday after attacks on two oil tankers in the Gulf of Oman this week raised concerns about potential supply disruptions, but prices remained on track Continue Reading
Oil Prices Down for the Week
West Texas Intermediate (WTI) crude oil for July delivery finished higher Friday, gaining 23 cents to settle at $52.51 per barrel. Compared to the June 7 close, the WTI is Continue Reading
Oil Inches Higher On Falling Rig Count
The the number of active oil and gas rigs in the United States fell again this week according to Baker Hughes, as the overall rig count reaches the lowest point Continue Reading
Oil Flat Despite Middle East Tensions
It’s been a wild week in oil & gas markets! To make sure you never miss a story, sign up to Global Energy Alert to receive breaking intelligence you simply Continue Reading
Tighter oil market could be ‘short-lived’ on 2020 non-OPEC supply: IEA
OPEC will have an uphill battle if it wants to keep oil markets balanced next year as a potentially tighter oil market in the second half of 2019 starts to Continue Reading