Crude oil prices jumped a percent today on comments from Saudi Arabia’s Energy Minister Khalid al-Falih, who said he expected the OPEC+ production cut deal would be extended into next Continue Reading
If U.S. oil production continues to boom at the current pace, OPEC and Russia should extend their production cut pact into 2020, Leonid Fedun, the vice president of Russia’s second-largest Continue Reading
Oil prices rose by around 1 percent on Friday, pushed up by Saudi plans for OPEC and Russian-led production curbs introduced in 2017 to be extended into 2019 to further Continue Reading
Though renewable forms of energy outpaced all others, fossil fuels accounted for more than 70 percent of the global demand growth last year, the IEA said. The International Energy Agency Continue Reading
Compliance with a global deal to cut oil supply hit a new high in February and an inventory glut is shrinking fast, a joint OPEC and the non-OPEC committee said, Continue Reading
For the last three or four decades it would be very hard to imagine any sort of deep cooperation between Saudi Arabia and Russia. The two share a history fraught Continue Reading
I recently asked a group gathered to hear me speak what percentage of the world’s energy is provided by these six renewable sources: solar, wind, geothermal, wave, tidal, and ocean Continue Reading
Although the oil market has been improving, OPEC still has work to do to bring global oil inventories back to their five-year average—the metric that OPEC has vowed to achieve Continue Reading
Russia is considering a wide range of scenarios on what to do with a multilateral effort to balance the global oil market, its energy minister said. Russia is the largest Continue Reading
The International Energy Agency raised Thursday its estimate for global oil demand growth this year to 1.5 million b/d and forecast supply would undershoot demand from the second quarter, assuming Continue Reading
