Russian crude and condensate production totaled 39.63 million mt, equivalent to around 9.37 million b/d, in July, up 0.4% month on month, and down 16% year on year, according to Continue Reading
Researchers from the GEOMAR Helmholtz Center for Ocean Research Kiel have found that considerable quantities of the greenhouse gas methane escape uncontrolled into the water from abandoned oil and gas Continue Reading
Poland’s anti-monopoly watchdog UOKiK said on Monday it had fined Gazprom 213 million zloty ($57 million) ( GAZP.MM ) for lack of cooperation in its proceedings with regard to the Continue Reading
Oil posted a gain in July, boosted by a steadily weakening dollar and OPEC’s restraint on production. Deep crude output curbs by the Organization of Petroleum Exporting Countries and its Continue Reading
Oil posted a gain in July, boosted by a steadily weakening dollar and OPEC’s restraint on production. Deep crude output curbs by the Organization of Petroleum Exporting Countries and its allies Continue Reading
With crude stuck in a range for a month or so, my attention has increasingly been on natural gas. That is unusual for me. Anything that moves in big chunks Continue Reading
U.S. West Texas Intermediate crude oil is trading higher on Friday, but down for the week. Thursday’s steep drop also wiped out most of market’s monthly gain. Although the foundation Continue Reading
Oil prices are unlikely to go much higher than current levels if global oil demand recovery doesn’t pick up in a meaningful way in the second half of the year, Continue Reading
Oil prices fell on Thursday following a truly devastating second-quarter GDP report in the U.S., with WTI now stuck at the $40 mark. For Global Energy Alert members there are Continue Reading
Report cards on the massive economic toll of the coronavirus were issued in the U.S. and Europe this week and they were downright abysmal. The U.S., Germany, France, Spain and Italy Continue Reading
